Learn the step-by-step process to configure budget planning in Microsoft Dynamics 365 Finance. Discover how to align with company policies and streamline fiscal year preparation with ease.
Table of Contents
Question
Your company is implementing budget planning to prepare the budgets for the upcoming fiscal year. You need to set up budget planning processes to meet the company’s policies, procedures, and requirements for budget preparation. What steps should you take?
A. Define the stage rules and templates, Select a budget cycle and a ledger, Activate the budget planning process, Select the budget organization hierarchy
B. Select a budget cycle and a ledger, Define the stage rules and templates, Select the budget organization hierarchy, Activate the budget planning process
C. Select a budget cycle and a ledger, Select the budget organization hierarchy, Define the stage rules and templates, Optionally select budget planning priorities, Activate the budget planning process
D. Select the budget organization hierarchy, Define the stage rules and templates, Select a budget cycle and a ledger, Activate the budget planning process
Answer
C. Select a budget cycle and a ledger, Select the budget organization hierarchy, Define the stage rules and templates, Optionally select budget planning priorities, Activate the budget planning process
Explanation
The correct answer is ‘Select a budget cycle and a ledger, Select the budget organization hierarchy, Define the stage rules and templates, Optionally select budget planning priorities, Activate the budget planning process’. These are the steps that need to be followed to set up budget planning processes. The other options do not follow the correct order of steps.
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.