Learn how to reconfigure budget control rules and update budget cycle time spans in Microsoft Dynamics 365 Finance to ensure compliance after financial restructuring. Expert tips for accurate budget checks.
Table of Contents
Question
A multinational corporation is using Microsoft Dynamics 365 Finance to manage its complex budgeting process across various departments and cost centers. The company has recently restructured its financial dimensions. It requires a new configuration of budget controls to ensure compliance with updated internal policies. You need to evaluate the current budget control configurations and make necessary adjustments to align with the new financial structure, ensuring that budget checks are performed accurately for all relevant documents and journals. What two actions should you perform? Each correct answer presents part of the solution. Choose two.
A. Disable all budget controls to prevent any potential conflicts with the legacy financial structure.
B. Ignore the changes in financial dimensions since budget control configurations are not affected by structural changes.
C. Manually adjust budget entries in the general ledger for each transaction to ensure compliance.
D. Reconfigure the budget control rules to reflect the new financial dimensions and main account combinations.
E. Update the budget cycle time spans to correspond with the new fiscal periods as defined by the restructuring.
Answer
D. Reconfigure the budget control rules to reflect the new financial dimensions and main account combinations.
E. Update the budget cycle time spans to correspond with the new fiscal periods as defined by the restructuring.
Explanation
Reconfiguring the budget control rules is necessary to ensure they align with the new financial dimensions and main account combinations after a restructuring. Updating the budget cycle time spans is also essential to match the new fiscal periods. Disabling all budget controls (C) would negate the purpose of having budget controls in place. Ignoring changes in financial dimensions (D) would lead to inaccurate budget checks. Manually adjusting budget entries (E) is not a sustainable or efficient approach to ensuring compliance.
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