MB-920 Microsoft Dynamics 365 Fundamentals ERP Practice Test

MB-920 Microsoft Dynamics 365 Fundamentals ERP Practice Test

MB-920: Microsoft Dynamics 365 Fundamentals (ERP)

Practice Tests Introduction:

This course consists of 2 sets of practice tests(Total 72 Question and Answer) which are designed to mimic a real MB-920 exam.

The purpose of these practice tests is to help you prepare for the MB-920: Microsoft Dynamics 365 Fundamentals (ERP) exam.

And the ultimate goal is to get you 100% confident to sit in the exam, pass the exam and get MB-920: Microsoft Dynamics 365 Fundamentals (ERP) Certified.

What you will get?

• Fresh and updated material

• Questions and Answers in Practice Mode

• Lifetime free updates regularly

Topics covered in these practice exam

• Describe Dynamics 365 Supply Chain Management (25-30%)

  Identify general capabilities

  • describe manufacturing types including Discrete, Lean, and Process manufacturing

  • describe production control elements including bills of materials (BOMs), formulas, Kanban’s, resources, and routing

  • describe product master records and product variants

  
  

  Describe warehouse and inventory management capabilities

  • describe costing methods including standard costing, weighted averages, last-in-first-out (LIFO), and first-in-first-out (FIFO)

  • describe use cases for Warehouse Management System (WMS)

  • describe purchase orders, item arrival journals, and cross-docking

  • describe inventory reservations, picking and packing, replenishment, and shipments

  • describe inventory counting and inventory on-hand concepts

  • describe quality management capabilities

  • describe warehouse configuration options including layout, stocking limits, and location profiles

  
  

  Describe manufacturing strategies

  • describe manufacturing strategies including make to order (MTO), make to stock (MTS), and configure to order (CTO)

  • describe item tracking and tracing processes

  • describe tools that can be used to manage shop floors

  
  

  Describe enterprise asset management capabilities

  • describe enterprise asset management concepts

  • describe the work order lifecycle including work order scheduling, preventative work orders, corrective work orders, and inspections

  • describe vendor warranty agreements including full and partial agreements

  
  

  Describe Dynamics Finance (20-25%)

  Describe the Dynamics 365 Finance features

  • describe use cases for legal entities

  • describe how Dynamics 365 Finance handles regional tax reporting requirements

  • describe cost accounting concepts

  
  

  Describe general ledgers

  • describe charts of accounts including main accounts, balance sheets, and income statements

  • describe financial dimensions and dimension set 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 related finance components

  • describe cash and bank management concepts

  • describe expense management including cash advances and mobile workspaces

  • describe fixed asset management, and fixed asset creation, acquisition, and depreciation

  • describe budgeting capabilities

  
  

  Describe Dynamics 365 Commerce (10-15%)

  Describe Dynamics 365 Commerce capabilities

  • describe retail channels including call centers, Cloud Point-Of-Sale (CPOS), and Modern Point-Of-Sale (MPOS)

  • describe channel management concepts

  • describe Distributed Order Management (DOM)

  • describe product assortments

  • describe customer loyalty concepts

  • describe how Dynamics 365 Commerce uses Dynamics 365 Customer Insights to create personalized customer experiences and provide product recommendations

  • describe how Dynamics 365 Commerce uses Retail Analytics to provide centralized retail data management

  
  

  Describe Dynamics 365 Fraud Protection

  • describe how Dynamics 365 Fraud Protection evaluates purchase transaction to reduce fraud losses and increase bank acceptance rates

  • describe how Dynamics 365 Fraud Protection prevents unauthorized account creation, account takeovers, and fraudulent account access

  • describe how Dynamics 365 Fraud Protection prevents loss related to fraudulent returns and discounts, identifying the risk of loss to a business, and identifying anomalies in merchandise discounting and returns

  
  

  Describe Dynamics 365 Human Resources (5-10%)

  Describe core capabilities

  • describe compensation and benefits capabilities

  • describe compliance features

  • describe performance management capabilities

  
  

  Describe personnel management capabilities

  • describe self-service capabilities

  • describe leave and absence capabilities

  • describe employee training and certification features

  • identify integration options between Dynamics 365 Human Resources and LinkedIn

  
  

  Describe Project Operations (10-15%)

  Identify Project Operations capabilities

  • describe project-based services

  • 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 execution capabilities

  • identify project features including contracts, stages, team assignments, and fixed price versus time and material estimates versus retainer contracts

  • describe project team management capabilities including allocation methods, resource scheduling, and skills

  • describe project schedule management capabilities including tasks, subtasks, assignments, and project plan management

  • describe project cost tracking capabilities including time and expense costs

  
  

  Describe shared features (10-15%)

  Describe reporting capabilities

  • describe built-in reporting capabilities including workspaces

  • describe options for exporting data to Microsoft Excel

  • describe options for analyzing data by using Power BI

  
  

  Describe integration options

  • describe Microsoft Teams integration capabilities

  • describe use cases for integrating with Microsoft Excel and Microsoft Word

  • describe options for managing documents by using SharePoint Online

  • describe email integration capabilities

  
  

  
  

Skills measured in MB-920: Microsoft Dynamics 365 Fundamentals (ERP)

This exam covers the features and capabilities of Microsoft Dynamics 365 finance and operations apps.

Candidates of this exam MB-920 Questions should have general knowledge of or relevant working experience in an Information Technology (IT) environment. They should also have a fundamental understanding of financial principles and business operations.

Exam Guide:

• Total number of question will be present around 40 to 60 questions with a timeline of 60 minutes in exam.

• To pass the exam candidate must score 700 marks out of 1000.

Simulate real exam scenarios Prepare for Certification of MB-920 (ERP) Practice Test Provide QnA with Detail Explanation

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What you will learn

• Dynamics 365 Supply Chain Management
• Dynamics 365 Commerce
• Dynamics Finance

Rating: 3.6

Level: Beginner Level

Duration: 72 questions

Instructor: Rohit Pandey