Microsoft MB-920 Exam Guide: Dynamics 365 Fundamentals Finance and Operations Apps (ERP) Preparation

Microsoft Dynamics 365 Fundamentals Finance and Operations Apps (ERP)

, was created for learners who wanted to build a strong foundation in Microsoft Dynamics 365 Finance and Dynamics 365 Supply Chain Management. The exam focused on fundamental ERP concepts, business processes, finance capabilities, supply chain operations, reporting, integration, security, workflows, and other core features of Dynamics 365 finance and operations apps.

. The exam can no longer be taken. Microsoft continues to provide the MB-920 study guide as reference material, making it useful for understanding the historical exam objectives and for learning the fundamentals of Dynamics 365 Finance and Supply Chain Management.

, it is important to understand the difference between historical exam preparation content and current Microsoft certification offerings. Old exam dumps may contain outdated information and should not be considered a replacement for official Microsoft documentation or current certification guidance.

Microsoft Dynamics 365 Fundamentals (ERP)

 exam. It was designed as a beginner-level certification exam for people interested in understanding how enterprise resource planning applications support financial and operational business processes.

The exam primarily covered two major Dynamics 365 applications:

The historical exam objectives also covered the broader capabilities of finance and operations apps, including ERP concepts, Commerce, Human Resources, Project Operations, reporting, Power BI, Microsoft Office integration, Power Platform integration, security, workflows, and batch jobs.

The exam was especially useful for professionals beginning a career in ERP, business applications, finance systems, supply chain management, functional consulting, business analysis, or Dynamics 365.

According to Microsoft's final published study guide, the historical MB-920 objectives were divided into three main areas:

These percentages show that Supply Chain Management was the largest section, followed by Finance and the wider capabilities of Dynamics 365 finance and operations applications.

Understanding these areas is still valuable for anyone who wants to learn the fundamentals of Microsoft Dynamics 365 ERP.

Supply Chain Management was the largest part of the historical 

 exam. Candidates needed to understand how organizations manage products, inventory, purchasing, sales fulfillment, manufacturing, warehousing, and related supply chain activities.

Important concepts included products and released products, product variants, product dimensions, pricing, discounts, intercompany processes, manufacturing, inventory, warehouse management, transportation, sales, and procurement.

A supply chain connects suppliers, manufacturers, warehouses, distributors, and customers. Dynamics 365 Supply Chain Management helps organizations coordinate these activities within an integrated business application.

 objectives should understand why organizations use Supply Chain Management and how different processes connect.

For example, a company receiving customer demand may follow a process such as:

Sales order → Inventory availability → Reservation → Picking → Packing → Shipment → Customer invoice

Requirement → Purchase requisition → Purchase order → Product receipt → Vendor invoice → Payment

Understanding these process relationships is more useful than memorizing isolated definitions.

Manufacturing was another important Supply Chain Management topic. The historical MB-920 objectives included lean, discrete, and process manufacturing.

At a fundamental level, the goal was to understand how ERP technology supports production planning and execution.

Inventory management helps organizations know what products they have, where those products are located, and how inventory moves through the business.

A strong understanding of inventory concepts is important because inventory information affects purchasing, sales fulfillment, production, and financial reporting.

The order-to-cash process begins when a customer places an order and continues through fulfillment and invoicing.

Important concepts include sales orders, inventory reservations, picking, packing, shipment, and invoicing.

 should understand what happens at each stage and why accurate inventory information is important to customer fulfillment.

Procure-to-pay represents the purchasing lifecycle from an internal requirement to supplier payment.

Key concepts include purchase requisitions, purchase orders, purchase receipts, vendor invoices, payments, and settlements.

Understanding the difference between a purchase requisition and purchase order is essential. A requisition generally represents an internal request, while a purchase order is the formal purchasing document used with a supplier.

The second major historical MB-920 domain was Dynamics 365 Finance.

Finance supports important financial processes, including general ledger, accounts payable, accounts receivable, budgeting, fixed assets, expense management, cash and bank management, taxation, and financial analysis.

Candidates needed to understand Finance use cases, organizations and legal entities, accounting and reporting currencies, tax capabilities, and cost accounting concepts.

Large organizations may operate across multiple countries, subsidiaries, or legal entities. An ERP platform helps organizations manage these structures while maintaining appropriate financial records and reporting.

The general ledger is a central component of financial management.

The chart of accounts provides a structured classification of financial transactions. Financial dimensions can provide additional analytical information, such as department, cost center, business unit, or region.

Accounts payable manages amounts that an organization owes to vendors.

Important concepts include vendors, purchase orders, vendor invoices, vendor payments, settlements, and three-way matching.

Three-way matching helps compare relevant purchasing, receiving, and invoicing information before a transaction is finalized for payment.

Accounts receivable manages amounts customers owe to the organization.

Important areas include customers, customer invoices, free text invoices, credit management, collections, payments, and settlements.

A simple way to remember the difference is:

Accounts payable = money the organization owes.

Accounts receivable = money customers owe the organization.

Expense management supports employee business expenses and related approval and accounting processes.

Fixed asset management supports the tracking and financial management of long-term business assets, such as equipment, vehicles, buildings, and machinery.

Budgeting helps organizations plan expected financial activity and compare planned results with actual performance.

Core Finance and Operations App Capabilities

The third historical MB-920 domain focused on the wider capabilities of finance and operations applications.

This included understanding ERP, the business value of Dynamics 365 Commerce, Human Resources, and Project Operations, as well as finance and operations use cases and the application user interface.

 subject provides a strong introduction to the way modern ERP systems connect financial and operational business processes. The historical 

 exam covered important areas including Dynamics 365 Supply Chain Management, Dynamics 365 Finance, manufacturing, inventory, procurement, sales, general ledger, accounts payable, accounts receivable, budgeting, fixed assets, reporting, Power BI, Microsoft ecosystem integration, security, workflows, and batch processing.

, the knowledge behind its objectives remains useful for anyone interested in Dynamics 365 ERP, Finance, Supply Chain Management, or functional consulting. Learners searching for 

 should verify information against Microsoft Learn and avoid relying on outdated or unauthorized exam content.

The best long-term strategy is to understand the business processes behind the technology. Learn how orders become revenue, how purchases become inventory and expenses, how financial transactions enter the general ledger, how warehouses fulfill customer demand, and how reporting turns ERP data into business insight.

By learning these fundamentals, you gain knowledge that extends beyond a single retired exam and provides a practical foundation for understanding Microsoft Dynamics 365 and modern enterprise resource planning.

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