Learn the best approach to configure and manage fiscal calendars across multiple legal entities in Microsoft Dynamics 365 Finance. Discover why using a shared fiscal calendar with ledger calendar copies is the most efficient solution.
Table of Contents
Question
Adventure Works Cycles has recently expanded its operations internationally. It now has to manage multiple fiscal calendars, years, and periods for its various subsidiaries. You need to devise a configuration that allows for efficient management of fiscal calendars across different legal entities within Microsoft Dynamics 365 Finance. What should you recommend?
A. Avoid using fiscal calendars and manually adjust the financial periods for each legal entity as needed.
B. Configure one fiscal calendar and enforce the same period statuses and modules for all legal entities.
C. Create separate fiscal calendars for each legal entity and manage them independently without any shared components.
D. Use a shared fiscal calendar for all legal entities and create ledger calendar copies for each entity to manage period statuses and modules individually.
Answer
D. Use a shared fiscal calendar for all legal entities and create ledger calendar copies for each entity to manage period statuses and modules individually.
Explanation
Option D is correct because it allows for the use of a shared fiscal calendar while providing flexibility to manage period statuses and modules for each legal entity individually through ledger calendar copies. Option C is incorrect as it does not take advantage of shared components and would increase maintenance efforts. Option B is incorrect because it does not provide the necessary flexibility for different legal entities. Option A is incorrect as it would lead to a high risk of errors and inefficiencies in managing financial periods.
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.