Learn how to evaluate and optimize budget planning workflows in Microsoft Dynamics 365 Finance to ensure alignment with corporate policies and enable flexible, department-specific adjustments.
Table of Contents
Question
A multinational corporation is using Microsoft Dynamics 365 Finance to manage their budgeting process across various departments. They have recently defined a new budget planning process that includes multiple scenarios and stages, with specific allocation rules for each department. You need to evaluate the setup of the budget planning process to ensure it aligns with the corporation’s policies and provides the flexibility required for department-specific adjustments. What action should you take?
A. Consolidate all department budgets into a single budget plan to simplify the budget planning process and reduce the number of scenarios and stages.
B. Eliminate the use of budget planning workflows and manually move budget plans through the stages to maintain tighter control over the process.
C. Increase the number of budget plan scenarios to cover all possible financial situations, regardless of the complexity this adds to the budget planning process.
D. Review the budget planning workflows and verify that the stages and scenarios are correctly associated with the corresponding budgeting workflows and allocation methods.
Answer
D. Review the budget planning workflows and verify that the stages and scenarios are correctly associated with the corresponding budgeting workflows and allocation methods.
Explanation
The correct answer is to review the budget planning workflows and verify the correct association with budgeting workflows and allocation methods, as this ensures that the process aligns with the corporation’s policies and allows for department-specific adjustments. Increasing the number of scenarios unnecessarily complicates the process (B), consolidating all budgets into one plan reduces flexibility (C), and eliminating workflows removes automation benefits (D).
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