Dynamics 365 Finance Budget Management

Combine Budgets from Multiple Legal Entities to a Master Budget

Question

Note: This question is part of a series of questions that present the same scenario.

Each question in the series contains a unique solution that might meet the stated goals.

Some question sets might have more than one correct solution, while others might not have a correct solution.

After you answer a question in this section, you will NOT be able to return to it.

As a result, these questions will not appear in the review screen.

A company is preparing to complete yearly budgets.

The company plans to use the Budget module in Dynamics 365 Finance for budget management.

You need to create the new budgets.

Solution: Combine budgets from multiple legal entities to a master budget.

Does the solution meet the goal?

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B.

B.

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-overview-configuration

The solution provided, which is to combine budgets from multiple legal entities to a master budget, may or may not meet the goal of creating new budgets for the company.

Combining budgets from multiple legal entities to a master budget can be a useful approach in cases where the company wants to consolidate the budget data from multiple entities into a single view. This can help with overall budget planning and analysis by providing a comprehensive view of the company's financial performance.

However, there may be some limitations or drawbacks to this approach. For example, if the legal entities have different budget cycles, fiscal periods, or currencies, consolidating their budgets into a single master budget may require additional steps to reconcile the data. Additionally, combining budgets from multiple entities can potentially result in a loss of granularity or detail in the budget data, which may be important for certain departments or business units.

Ultimately, the effectiveness of the solution depends on the specific needs and requirements of the company. It is possible that other solutions, such as creating separate budgets for each legal entity or using a different budget consolidation method, may be more appropriate or effective. Therefore, it is not possible to definitively answer whether the solution meets the goal without additional context and information about the company's budgeting process and requirements.