The Microsoft Dynamics 365 Fundamentals (ERP) MB-920 Exam is a certification exam designed to test the fundamental knowledge of individuals in the area of enterprise resource planning (ERP) and its application within the Microsoft Dynamics 365 platform. The exam covers various topics such as finance and operations, supply chain management, sales, and customer service.
Preparing for the exam is important for individuals who want to pursue a career in Microsoft Dynamics 365 or for those who want to enhance their knowledge in the field of ERP. Passing the exam validates the individual’s expertise in the field and opens up opportunities for career advancement.
Additionally, preparing for the exam helps individuals gain a deeper understanding of Microsoft Dynamics 365 and its capabilities. It allows them to be more efficient and effective in their job roles, and ultimately, contributes to the success of their organization.
Who should appear for the MB-920 exam?
The MB-920 exam is ideal for individuals who are interested in pursuing a career in the field of enterprise resource planning (ERP) and want to validate their knowledge of Microsoft Dynamics 365 finance and operations. Specifically, the exam is suitable for the following individuals:
- Business analysts who are responsible for implementing and maintaining financial and supply chain management processes within Microsoft Dynamics 365.
- IT professionals who are responsible for managing and configuring Microsoft Dynamics 365 finance and operations.
- Functional consultants who design and implement Microsoft Dynamics 365 finance and operations solutions for clients.
- Developers who design, develop, and customize Microsoft Dynamics 365 finance and operations.
- Project managers who oversee the implementation of Microsoft Dynamics 365 finance and operations solutions.
It is important to note that while there are no prerequisites for taking the MB-920 exam, it is recommended that individuals have a basic understanding of Microsoft Dynamics 365 finance and operations before attempting the exam.
Exam Pattern
Microsoft Dynamics 365 Fundamentals (ERP) MB-920 will consist of 40-60 questions of various types, including case studies, short answers, multiple-choice, mark review, drag and drop, and so on. In addition, a minimum score of 700 is required to pass the exam (on a scale of 1000). In addition, the Microsoft MB-920 exam costs $99 USD, including taxes. Finally, candidates have the option of taking the exam in English.
Microsoft Exam Scheduling
Microsoft Dynamics 365 Fundamentals (ERP) MB-920 measures the candidate’s Dynamic 365 knowledge in various areas. However, for scheduling the exam candidates can directly login into their Microsoft portal. Those who are new users can register and then sign in.
How to prepare for Microsoft Dynamics 365 Fundamentals (ERP) MB-920 Exam?
Any test requires meticulous preparation and guidance. Furthermore, passing any exam without a solid foundation is difficult. The Microsoft Dynamics 365 Fundamentals (ERP) MB-920 Exam test, on the other hand, is nothing to be concerned about. We’ve put up a detailed list of all the tricks and techniques you’ll need to ace the test. So, here’s how we’ll kick off the festivities:
Create a study plan and stick to it
Develop a study plan that covers all the exam topics, and stick to it consistently. Allocate time for each topic based on your comfort level and importance. Assess your knowledge and identify areas where you need to improve. Focus on those areas while studying.
Refer the Blueprint
It is critical to have a thorough grasp of what one is getting into before going on any trip. As a result, going over each test goal is the most important element of exam preparation. Visit the exam’s official website for a more detailed picture. Because it is the most dependable source of all exam-related information. Similarly, you should be familiar with each exam domain:
Describe Dynamics 365 Supply Chain Management (35–40%)
Describe Supply Chain Management core capabilities
- Describe use cases of Supply Chain Management (Microsoft Documentation: Dynamics 365 Supply Chain Management capabilities)
- Describe products and release products
- Describe product masters records, product variants, and product dimensions
- Describe pricing and discounts in relation to trade agreements
- Describe intercompany capabilities
Describe manufacturing strategies
- Describe lean, discrete, and process manufacturing
- Describe manufacturing strategies
- Describe bills of materials (BOMs), routes, and operations as they relate to production orders (Microsoft Documentation: Bills of materials and formulas)
- Identify the production lifecycle stages
- Describe shop floor management
- Describe master planning (Microsoft Documentation: Master planning)
Describe inventory and warehousing capabilities
- Describe costing methods
- Describe on-hand inventory capabilities (Microsoft Documentation: On-hand inventory report (InventOnhand))
- Identify types of inventory journals
- Describe quality management capabilities
- Describe use cases for Warehouse Management Systems (WMS)
- Describe use cases for Transportation Management Systems (TMS)
- Describe use cases for landed cost
Describe the sales and procurement processes
- Describe the order-to-cash process
- Describe the sales order creation process
- Describe the fulfillment process, including inventory reservations and picking and packing
- Describe the procure-to-pay process
- Describe purchase requisitions
- Describe the purchase order creation process
- Describe purchase order receipts
Describe Dynamics 365 Finance (30–35%)
Describe Finance core capabilities
- Describe use cases of Finance
- Describe organization and legal entities
- Describe reporting currency and accounting currency
- Describe tax capabilities
- Describe cost accounting concepts
Describe general ledgers
- Describe charts of accounts including main accounts (Microsoft Documentation: Prepare Financial Reporting with Financial Data and Account Categories, Main account types)
- Describe the concept of a fiscal calendar
- Describe financial dimensions and dimension set concepts (Microsoft Documentation: Financial dimensions, Financial dimension sets)
- Describe the accounting structure
- Describe journaling concepts
- Describe periodic financial processes (Microsoft Documentation: Periodic credit management tasks)
Describe accounts payables and accounts receivables
- Describe core accounts payable components including vendors, purchase orders, and vendor invoices (Microsoft Documentation: Vendor invoices overview, Accounts payable home page)
- Describe vendor payments and settlements including three-way matching concepts (Microsoft Documentation: Three-way matching policies, Vendor payment overview)
- Describe core accounts receivable components including customers, customer invoices, and free text invoices (Microsoft Documentation: Accounts receivable home page, Explore accounts payable and accounts receivable in Dynamics 365 Finance)
- Describe credit management processes (Microsoft Documentation: Credit and collections overview)
- Describe the collection process (Microsoft Documentation: Credit and collections overview)
- Describe the concept of subscription billing
Describe expense management, fixed asset management, and budgeting
- Describe cash and bank management concepts (Microsoft Documentation: Cash and bank management home page)
- Describe expense management capabilities (Microsoft Documentation: Expense management overview)
- Describe fixed asset management capabilities (Microsoft Documentation: Fixed assets home page)
- Describe budgeting capabilities (Microsoft Documentation: Budget control overview, Budgeting home page)
Describe the core capabilities of the finance and operations apps (25–30%)
Describe the finance and operations apps
- Describe enterprise resource planning (ERP)
- Describe the business value of Commerce
- Describe the business value of Human Resources
- Describe the business value of Project Operations
- Describe finance and operations apps use cases
- Explore the finance and operations user interface
Describe reporting and integration capabilities
- 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 common features
- Describe security capabilities
- Describe workflow capabilities
- Describe the concept of batch jobs
Look into your Learning Resources
It’s critical to select the right learning resources. In actuality, there are a variety of Microsoft MB-920 exam preparation solutions. This makes determining whether materials are genuine and trustworthy difficult. Here is a thorough list of all the necessary tools to help you pass this exam quickly and easily.
Microsoft Learning Paths
Microsoft offers various Learning paths to help you gain the skills needed for this exam. The Microsoft MB-920 learning paths include:
- Firstly, Learn the Fundamentals of Microsoft Dynamics 365 Supply Chain Management
- Secondly, Learn the Fundamentals of Microsoft Dynamics 365 Finance
- Thirdly, Learn the Fundamentals of Microsoft Dynamics 365 Commerce
- Also, Learn the Fundamentals of Microsoft Dynamics 365 Human Resources
- Moreover, Learn the Fundamentals of Microsoft Dynamics 365 Project Operations (ERP)
Instructor Led Training
Online courses and instructor-led training designed by subject-matter experts are excellent resources for your preparation. They help with the formation of strong conceptual components as well as the resolution of doubts. Furthermore, the classes feature some excellent notes that can be utilised as a reference for the exam syllabus. There are a plethora of trustworthy websites that offer dependable and high-quality courses. We recommend that you take the following Microsoft course:
Course MB-920T00-A: Microsoft Dynamics 365 Fundamentals Finance and Operations Apps (ERP)
This two-day training will provide you a wide overview of Dynamics 365’s financial and operations capabilities. You’ll learn about enterprise resource planning (ERP) and each of the financial and operations apps, including as Dynamics 365 Supply Chain Management, Dynamics 365 Finance, Dynamics 365 Commerce, Dynamics 365 Human Resources, and Dynamics 365 Project Operations’ ERP capabilities. This course will involve both lecture and hands-on labs experience as well.
Join Online Forums
A lively debate is always valuable, regardless of where it takes place. The chances of finding a solution increase considerably when a big number of people become involved in a problem. As a result of these discussions, the research becomes more comprehensive. Forums are fantastic for building the type of community that is required to comprehend others. Interacting with people who have similar goals as yours will help you achieve them.
Online Tutorial
The Microsoft MB-920 Exam necessitates a significant amount of effort and dedication. As a reference, you might use the Microsoft MB-920 Exam online tutorial. This will help you learn faster and give you a better grasp of the exam.
Evaluate yourself with Practice Test
To track your development, it’s critical to put what you’ve learned into practise. You may enhance your replying abilities by practising, which will save you a lot of time. It’s also a good idea to start taking practise exams after you’ve finished one topic. It will be beneficial to you as a review tool. Furthermore, the best time to begin practising tests is after you’ve completed one entire topic, as this will serve as a revision tool. It’s also a good idea to start taking practise exams after you’ve finished one topic. It will be useful as a review tool for you. Start practising as soon as possible!
Exam Tips
On the day of the MB-920 exam, it is important to be prepared and focused. Here are some exam day tips to help you succeed:
- Get a good night’s sleep before the exam: Ensure that you get a good night’s sleep before the exam to help you feel refreshed and focused during the exam.
- Arrive early to the exam center: Arrive at the exam center at least 30 minutes before the scheduled exam time to allow time for check-in procedures.
- Bring valid ID and necessary documents: Bring a valid government-issued ID and any other necessary documents, such as exam confirmation or authorization, to the exam center.
- Stay calm and focused during the exam: Stay calm and focused during the exam to avoid getting overwhelmed or stressed. Take breaks if needed, but manage your time effectively.
- Manage your time wisely and answer all questions: Read the exam questions carefully and manage your time effectively. Make sure to answer all questions and review your answers before submitting them.
Final Words
The MB-920 exam is an important certification exam for individuals who are interested in pursuing a career in the field of enterprise resource planning (ERP) and want to validate their knowledge of Microsoft Dynamics 365 finance and operations. Preparing for the exam requires dedication, time, and effort, and involves developing a study plan, identifying weak areas, taking advantage of Microsoft training materials, using practice tests, and joining online forums and communities for support and guidance.
By following these tips, you can increase your chances of passing the exam and validating your knowledge and expertise in the field of ERP and Microsoft Dynamics 365 finance and operations. Good luck!
