Configure Fiscal Periods for Budgeting
Question
Your role of Systems Administrator includes the management of your ITExams company's Microsoft Dynamics 365 Finance system.
Departmental managers need to be able to select different fiscal periods when configuring their budgets.
You need to configure the budgeting module to meet the requirements.
Which of the following should you configure?
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D. E.A.
To meet the requirement of allowing departmental managers to select different fiscal periods while configuring their budgets, you should configure the budget cycles in Microsoft Dynamics 365 Finance.
Budget cycles in Microsoft Dynamics 365 Finance are used to control the budget planning and tracking process by defining the start and end dates of the budget period. The budget cycle also determines the frequency of budget revisions, such as monthly or quarterly.
By creating multiple budget cycles with different start and end dates, you can allow departmental managers to select the appropriate fiscal period for their budgeting needs.
Budget groups, budget register entries, budget control, and budget codes are all important elements of the budgeting module in Microsoft Dynamics 365 Finance, but they do not directly address the requirement of allowing departmental managers to select different fiscal periods.
In summary, option A (Budget cycles) is the correct answer to configure in order to allow departmental managers to select different fiscal periods while configuring their budgets.
