You are configuring account structures and advanced rules in Dynamics 365 Finance.
All balance sheet accounts require Business Unit and Department dimensions.
The Shareholder distribution account requires an additional dimension for Principal.
You need to set up the account structures.
What are two possible ways to achieve the goal? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
Click on the arrows to vote for the correct answer
A. B. C. D.CD.
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structuresIn Dynamics 365 Finance, account structures are used to organize and categorize the financial accounts of an organization. Advanced rules can be set up to automate the assignment of dimensions to financial transactions based on certain criteria.
In this scenario, all balance sheet accounts require the Business Unit and Department dimensions, while the Shareholder distribution account requires an additional dimension for Principal. Two possible ways to set up the account structures are:
Option A: Create a new main account for each of the company's principals. Then, create an account structure for all balance sheet accounts that includes the required dimensions.
This option involves creating multiple main accounts for each principal, which may result in a large number of accounts in the chart of accounts. However, it allows for the Business Unit and Department dimensions to be assigned to all balance sheet accounts, and the Principal dimension to be assigned to the specific accounts related to Shareholder distribution.
Option B: Create a new main account for Shareholder distribution. Add an advanced rule for the Principal dimension.
This option involves creating a new main account for Shareholder distribution and using an advanced rule to assign the Principal dimension to all transactions related to this account. This option keeps the chart of accounts cleaner by not creating multiple accounts for each principal, but requires setting up an advanced rule for the Principal dimension.
Option C: Create an account structure for all the balance sheet accounts. Set up an advanced rule for the Shareholder distribution account for the Principal dimension.
This option involves creating a single account structure for all balance sheet accounts, including the Business Unit, Department, and Principal dimensions. An advanced rule can be set up to assign the Principal dimension to the Shareholder distribution account specifically. This option keeps the chart of accounts organized and requires setting up an advanced rule for the Principal dimension.
Option D: Create an account structure for balance sheet accounts without Shareholder distribution. Then, create a second account structure for Shareholder distribution that includes all required dimensions.
This option involves creating two account structures, one for balance sheet accounts without Shareholder distribution and another for Shareholder distribution accounts that include all required dimensions. This option can keep the chart of accounts organized and limit the number of accounts needed, but requires creating two separate account structures.
Overall, the best option depends on the specific needs and preferences of the organization. Options A and B may be more suitable if the organization has a small number of principals, while options C and D may be more suitable if the organization has a larger number of principals or wants to keep the chart of accounts organized.