Learn step-by-step how to create a flexible account structure in Microsoft Dynamics 365 Finance using advanced rules to ensure valid combinations of business units and cost centers for accurate financial reporting.
Table of Contents
Question
Contoso, Ltd. is restructuring its chart of accounts to improve financial reporting. The finance team wants to create a new account structure that includes a combination of financial dimensions to represent different business units and cost centers. You need to design a new account structure that allows for flexible reporting by business unit and cost center. You must alsoensure that only valid combinations of dimensions are used in transactions. How should you create the account structure to meet these requirements?
A. Configure ledger account aliases for each business unit and cost center combination.
B. Create an account structure with advanced rules that define valid combinations of the business unit and cost center dimensions.
C. Define a new financial dimension for combined business units and cost centers and add it to the existing account structure.
D. Set up a new main account category for business units and cost centers without modifying the account structure.
Answer
B. Create an account structure with advanced rules that define valid combinations of the business unit and cost center dimensions.
Explanation
The correct answer is A because creating an account structure with advanced rules allows for defining valid combinations of financial dimensions, which enables flexible reporting and ensures data integrity. Option C is incorrect as creating a combined financial dimension would limit the flexibility and granularity of reporting. Option D is incorrect because main account categories are used for grouping main accounts for reporting purposes and do not control dimension combinations. Option A is incorrect as ledger account aliases are shortcuts for entering account numbers and do not enforce dimension combinations.
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.