Discover how the Global Inventory Accounting add-in in Microsoft Dynamics 365 Finance helps multinational corporations manage complex inventory structures and optimize cost management with multiple costing models.
Table of Contents
Question
A multinational corporation is using Microsoft Dynamics 365 Finance and Operations to manage their inventory across different legal entities. They have a complex inventory structure with multiple item model groups and need to ensure accurate costing. You need to evaluate the current inventory costing setup and recommend changes to optimize cost management and to accommodate multiple costing models. What action should you recommend?
A. Disable the Financial inventory option for dimensions not used for financial tracking to improve system performance.
B. Implement a single costing model across all items to simplify the costing process.
C. Manually adjust inventory transactions to reflect the desired costing model for each legal entity.
D. Use the Global Inventory Accounting add-in to report on inventory values using more than one costing model.
Answer
D. Use the Global Inventory Accounting add-in to report on inventory values using more than one costing model.
Explanation
Option D is correct because the Global Inventory Accounting add-in allows for reporting on inventory values using multiple costing models, which is necessary for a multinational corporation with complex inventory structures. Option B is incorrect as implementing a single costing model may not meet the diverse needs of different legal entities. Option C is incorrect because manual adjustments are error-prone and not scalable. Option A is incorrect as disabling the Financial inventory option for unused dimensions does not directly optimize cost management.
Microsoft Dynamics 365 Finance Functional Consultant MB-310 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Finance Functional Consultant MB-310 exam and earn Microsoft Dynamics 365 Finance Functional Consultant MB-310 certification.