Configure Basic Budgeting
Question
A company plans to use Dynamics 365 Finance.
You need to configure basic budgeting.
Which set of actions must you perform? A.
-> Define a budget journal -> Define budgeting parameters -> Define budgeting dimensions -> Create budget models and codes -> Define number sequences B.
-> Define budget journal exchange rate types -> Define budgeting parameters and number sequences -> Define budgeting dimensions -> Create budget models -> Define budget codes C.
-> Define a budget journal -> Define budgeting parameters and number sequences -> Define budgeting dimensions -> Create budget models and codes -> Setup budget allocation terms D.
-> Define budget exchange rate types -> Define budgeting parameters and number sequences -> Define financial dimensions -> Create budget models -> Define budget codes.
Explanations
B.
https://docs.microsoft.com/en-us/learn/modules/configure-use-basic-budgeting-budget-control-dyn365-finance/4-overviewSure, I can provide a detailed explanation of each option and which actions should be performed to configure basic budgeting in Dynamics 365 Finance.
Option A: -> Define a budget journal -> Define budgeting parameters -> Define budgeting dimensions -> Create budget models and codes -> Define number sequences
This option includes the necessary actions to configure basic budgeting in Dynamics 365 Finance. The first step is to define a budget journal, which is where you will record budget transactions. Then, you need to define budgeting parameters, which include options such as the fiscal year and period, and whether to allow budget revisions. Next, you need to define budgeting dimensions, which are used to categorize budget data. After that, you need to create budget models and codes, which define the structure of your budget. Finally, you need to define number sequences, which are used to generate unique identifiers for budget journals and transactions.
Option B: -> Define budget journal exchange rate types -> Define budgeting parameters and number sequences -> Define budgeting dimensions -> Create budget models -> Define budget codes
This option also includes the necessary actions to configure basic budgeting in Dynamics 365 Finance, but it includes an additional step of defining budget journal exchange rate types, which is not necessary for basic budgeting.
Option C: -> Define a budget journal -> Define budgeting parameters and number sequences -> Define budgeting dimensions -> Create budget models and codes -> Setup budget allocation terms
This option includes all of the necessary actions for basic budgeting, but it includes an additional step of setting up budget allocation terms, which is not necessary for basic budgeting.
Option D: -> Define budget exchange rate types -> Define budgeting parameters and number sequences -> Define financial dimensions -> Create budget models -> Define budget codes
This option includes some necessary actions, such as defining budgeting parameters and number sequences, creating budget models, and defining budget codes, but it also includes an unnecessary step of defining budget exchange rate types, which is not related to basic budgeting.
Therefore, the correct answer is Option A, which includes all of the necessary actions to configure basic budgeting in Dynamics 365 Finance.
