You are configuring budgeting components in Dynamics 365 Finance.
You need to configure multiple budgets.
What are three budgeting options you can use? 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. E.CDE.
In Dynamics 365 Finance, there are multiple budgeting options available to configure multiple budgets. The correct options for this question are:
A. Cost management budget, including Production and Resource groups: This budget option enables you to create and track budgets for your cost centers and cost objects, including production and resource groups. By using this budgeting option, you can manage costs associated with manufacturing, service delivery, and other operational activities.
B. Sales budget, including Campaigns and Events: This budget option enables you to create and track budgets for your sales activities, including campaigns and events. By using this budgeting option, you can manage your sales budgets and monitor your sales performance against budgeted targets.
C. Workforce budget, including Compensation groups and Positions: This budget option enables you to create and track budgets for your workforce-related expenses, including compensation groups and positions. By using this budgeting option, you can manage your payroll and benefits expenses, and monitor your workforce-related expenses against budgeted targets.
D. Project budget, including Items and Fees: This budget option enables you to create and track budgets for your project-related expenses, including items and fees. By using this budgeting option, you can manage your project expenses and monitor your project performance against budgeted targets.
E. Ledger budget, including Revenue and Expense types: This budget option enables you to create and track budgets for your ledger accounts, including revenue and expense types. By using this budgeting option, you can manage your general ledger accounts and monitor your financial performance against budgeted targets.
In summary, the five budgeting options available in Dynamics 365 Finance are cost management budget, sales budget, workforce budget, project budget, and ledger budget. Each option is designed to track expenses for different activities, enabling organizations to manage their budgets more effectively.