Microsoft Dynamics 365 Fundamentals Finance and Operations Apps (ERP) MB-920 Practice Exam

Microsoft Dynamics 365 Fundamentals Finance and Operations Apps (ERP) MB-920 Practice Exam

 

The Microsoft MB-920 exam assesses your understanding of the core functionalities and capabilities of Microsoft Dynamics 365 Finance and Operations apps, which are part of the broader Dynamics 365 suite. 

 

Who should take the exam?

Candidate for this exam, you should have:

• Basic knowledge of or relevant working experience with an IT environment.
• A fundamental understanding of financial principles and business operations.

 

Exam Details

• Exam Code: MB-920
• Exam Name: Microsoft Dynamics 365 Fundamentals (ERP)
• Exam Languages: English, Japanese, Chinese (Simplified), Korean, German, French, Spanish, Portuguese (Brazil), Russian, Arabic (Saudi Arabia), Chinese (Traditional), Italian
• Question: 40-60
• Passing Score: 700

 

MB-920 Exam Course Outline 

The Exam covers the given topics  - 

Topic 1: Learn about Dynamics 365 Supply Chain Management (20–25%)

Describe Supply Chain Management core capabilities

• Describe Supply Chain Management capabilities and features
• Describe the order-to-cash process
• Describe the procure-to-pay process
• Describe products and released products
• Describe product master records, product variants, and product dimensions
• Describe pricing and discounts in relation to trade agreements
• Describe picking, packing, and reserving inventory

 

Describe manufacturing strategies

• Describe lean, discrete, and process manufacturing
• Describe bills of materials (BOMs), routes, and operations as they relate to production orders
• Describe shop floor management
• Describe master planning

 

Describe inventory and warehousing capabilities

• Describe costing methods
• Describe on-hand inventory capabilities
• Describe inventory reservations, picking and packing, replenishment, and shipments
• Describe use cases for Warehouse Management Systems (WMS)
• Describe use cases for Transportation Management Systems (TMS)

 

Topic 2: Understanding Dynamics 365 Finance (20–25%)

Describe Finance core capabilities

• Describe Finance capabilities and features
• Describe organization and legal entities
• Describe tax capabilities

 

Describe general ledgers

• Describe charts of accounts including main accounts, balance sheets, and income statements
• Describe journaling concepts
• Describe financial dimensions and dimension sets concepts
• Describe periodic financial processes

 

Describe accounts payables and accounts receivables

• Describe core accounts payable components including vendors, purchase orders, and vendor invoices
• Describe vendor payments and settlements including three-way matching concepts
• Describe core accounts receivable components including customers, customer invoices, and free text invoices
• Describe credit and collection processes

 

Describe expense management, fixed asset management, and budgeting

• Describe cash and bank management concepts
• Describe expense management capabilities
• Describe fixed asset management capabilities
• Describe budgeting capabilities

 

Topic 3: Understand Dynamics 365 Commerce (10–15%)

Describe Commerce core capabilities

• Describe Commerce channels
• Describe channel management concepts
• Describe product hierarchies and assortments
• Describe retail pricing and discounts
• Describe e-commerce capabilities, including business-to-business (B2B) and business-to-customer (B2C)

 

Describe Commerce clienteling and Dynamics 365 Fraud Protection

• Describe customer loyalty concepts
• Describe how to create personalized customer using clienteling
• Describe how Fraud Protection reduces fraudulent activities

 

Topic 4: Understand Dynamics 365 Human Resources (10–15%)

Describe Human Resources core capabilities

• Describe workers and positions
• Describe the hire-to-retire process
• Describe leave and absence capabilities
• Identify integration options between Human Resources and LinkedIn
• Describe compensation and benefits capabilities

 

Describe personnel management capabilities

• Describe self-service capabilities
• Describe employee training and certification features
• Describe performance management capabilities

 

Topic 5: Learn Dynamics 365 Project Operations (10–15%)

Describe Project Operations capabilities

• Describe project-based services and project types
• Describe project sales capabilities
• Describe project contract capabilities
• Describe project pricing capabilities
• Describe the project lifecycle including project invoicing and revenue recognition

 

Describe project planning and management capabilities

• Describe project planning, scheduling, and resourcing capabilities
• Describe work breakdown structures (WBS)
• Describe project cost tracking capabilities including time and expense costs

 

Topic 6: Understand the finance and operations core functionality (15–20%)

Describe the finance and operations apps

• Describe enterprise resource planning (ERP)
• Describe finance and operations apps use cases
• Explore the finance and operations user interface

 

Describe reporting and integration capabilities in finance and operations apps

• Describe built-in reporting capabilities including workspaces
• Describe options for analyzing data by using Power BI
• Describe Microsoft Office 365 integration capabilities, including Microsoft Excel, SharePoint, and Teams
• Describe Microsoft Power Platform integration options
• Describe Business Events integration capabilities