Exam MB-920: Microsoft Dynamics 365 Fundamentals (ERP) MCQ - Quiz

This item tests the candidate’s knowledge of workflows. Workflows are a part of the accounts receivable approval process.

You can change specific fields for a customer and then send those changes for approval by using the workflow before they are added to the customer. Create change proposals is an option so that all fields will be changed except the fields that are enabled for the workflow. Creating customer posting profiles lets you assign general ledger accounts and document settings to all customers, a group of customers, or a single customer; it has nothing to do with workflows. Creating sales order invoices first has to do with invoicing a sales order and nothing to do with workflows.

Workflow types for business processes - Training | Microsoft Learn

Customer workflow - Finance | Dynamics 365 | Microsoft Learn

This item tests the candidate’s knowledge of identifying the core capability of the Asset management module.

The Asset management module takes care of the maintenance, overhauling, and repair of the existing fixed assets, for example, manufacturing tools and machineries. The Production control module defines the production process step by step. It does not deal with the maintenance of the manufacturing machinery. The Fixed asset module deals with the financial part of the acquisition of the manufacturing machineries, which are considered fixed assets to the company. Master planning module defines the requirement for item procurement based on the existing sales order, purchase order, production order, transfer order along with the coverage setup of the items.

Get started with Dynamics 365 Supply Chain Management - Training | Microsoft Learn

Configure and manage fixed assets and Asset leasing in Dynamics 365 Finance - Training | Microsoft Learn

Supply Chain Management home page - Supply Chain Management | Dynamics 365 | Microsoft Learn

Finance home page - Finance | Dynamics 365 | Microsoft Learn

This item tests the candidate's knowledge of the different modules in Dynamics 365 Supply Chain Management and the function that each one performs.

The company must configure the Warehouse management module. As part of the process for enabling a warehouse layout, you must define warehouse zone groups, zones, location profiles, location types, and locations. Asset management is an advanced module for managing assets and maintenance jobs in Dynamics 365 Supply Chain Management. The Cost management module lets you collect data from various sources, such as the general ledger, sub-ledgers, budgets, and statistical information. The cost data can then be analyzed, summarized, and evaluated so that management can make the best possible decisions for price updates, budgets, and cost control. The Service management module is used to establish service agreements and service subscriptions, handle service orders and customer inquiries, and to manage and analyze the delivery of services to customers.

Set up warehouse management - Training | Microsoft Learn

Warehouse configuration overview - Supply Chain Management | Dynamics 365 | Microsoft Learn

This item tests the candidate’s knowledge of the cost management methods available in Dynamics 365 Supply Chain Management to manage and track inventory costs, including standard and actual costs. The correct method of using the weighted average cost takes the average of the items that are received into inventory during the inventory closing process. First in, first out (FIFO) and last in, first out date (LIFO Date) are methods based on first and last receipt issuance respectfully. The standard costing method can support a standard cost inventory model for items, where the costing version has a set of standard cost records about items and manufacturing processes.

Describe costing methods - Training | Microsoft Learn

This item tests the candidate’s knowledge of the different manufacturing strategies available in Dynamics 365 Supply Chain Management that companies use to produce goods efficiently and effectively while meeting market demands and optimizing resources.

Describe manufacturing strategies - Training | Microsoft Learn

Production process overview - Supply Chain Management | Dynamics 365 | Microsoft Learn

This item tests the candidate’s knowledge of the procure-to-pay process in Dynamics 365 Supply Chain Management and specifically the role and attributes of a purchase requisition. The use of a purchase requisition is correct because this is an internal document that authorizes the purchase department to procure the product, in this case the printer. The sales order is a commercial document that is shared externally with the customer. The purchase order is an agreement between a company and a vendor. An RFQ document is used to receive competitive offers from vendors for the items or services they need to purchase.

Describe the procure-to-pay process - Training | Microsoft Learn

This item tests the candidate’s knowledge of payment setup that includes knowing the different payment types, such as payment schedule, payment days, terms of payment, and payment calendar.

You can use payment days to define the payment day used for calculating the due date. Payment day can be specified for either a day in the week or in the month. Cash Flow Forecasting is used to predict future cash flow trends and manage liquidity rather than setting up recurring vendor payment schedules. The correct option for configuring vendor payments on a weekly basis (Wednesdays) is Payment Days.. Terms of payment defines the payment date from the date of invoice. You can use payment calendars, together with payment calendar rules, to make sure that payment due dates and the start date for grace periods for invoices are always set on business days.

Terms of payment and payment days - Training | Microsoft Learn

Establish customer payment terms - Finance | Dynamics 365 | Microsoft Learn

Set up payment schedules on orders | Microsoft Learn

About payment calendars | Microsoft Learn

This item tests the candidate’s knowledge of the available Dynamics 365 finance and operations apps and the function each app performs in enterprise resource planning (ERP).

The Dynamics 365 Human Resources app is primarily used to connect people and operations data together to help optimize workforce costs and take care of employees. In the scenario, the company can use the Personnel management workspace in Dynamics 365 Human Resources to meet the requirements. The Personnel Management workspace contains personnel movements, employee changes, open positions, address changes, expiring records, and analytics. Dynamics 365 Project Operations is incorrect because the app is used to manage projects and project delivery. Dynamics 365 Finance is incorrect because the app is used to control finances, manage funds, and conduct financial planning and forecasting. Dynamics 365 Supply Chain Management is incorrect because the app is used to manage a company's inventory, warehouses, manufacturing, services, and logistics while helping to build a resilient supply chain.

Get introduced to the finance and operations apps - Training | Microsoft Learn

This item tests the candidate’s knowledge of books.

The Books section of Fixed assets lets you do everything in one book. The Fixed asset management workspace shows information that is related to fixed assets that are entered in the system. Asset leasing is an advanced capability for managing, tracking, and automating financial transactions for leased assets. The cost accounting ledger controls processes and policies for measuring costs.

Set up and create fixed assets - Training | Microsoft Learn

Depreciation book upgrade overview - Finance | Dynamics 365 | Microsoft Learn