Configure Financial Consolidation and Eliminations in Dynamics 365 Finance | MB-310 Exam Preparation

Consolidate with Import

Question

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A client has multiple legal entities set up in Dynamics 365 Finance.

All companies and data reside in Dynamics 365 Finance.

The client currently uses a separate reporting tool to perform their financial consolidation and eliminations.

They want to use Dynamics 365 Finance instead.

You need to configure the system and correctly perform eliminations.

Solution: Select Consolidate with import.

Does the solution meet the goal?

Answers

Explanations

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A. B.

B.

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview.

The given solution of "Select Consolidate with import" to meet the goal of performing financial consolidation and eliminations in Dynamics 365 Finance has not been adequately explained.

Consolidate with import is one of the features of Dynamics 365 Finance that allows data to be brought into the consolidation entity. It is used to bring data from external sources into the consolidation entity, which can then be used to perform financial consolidations.

However, it is not clear how this feature will be used to perform eliminations in Dynamics 365 Finance. Eliminations are typically done to remove intercompany transactions from consolidated financial statements.

To perform eliminations in Dynamics 365 Finance, the system needs to be configured with the appropriate elimination rules. Elimination rules can be set up to eliminate intercompany transactions, intercompany profits, and other related transactions.

Therefore, while Consolidate with import is a feature that can be used to bring data into Dynamics 365 Finance, it is not sufficient to perform financial consolidations and eliminations on its own. Additional configuration and setup are required to enable eliminations in Dynamics 365 Finance.

In summary, the given solution of "Select Consolidate with import" alone does not meet the goal of performing financial consolidations and eliminations in Dynamics 365 Finance. Further configuration and setup are required, and the solution provided in the question is not complete. Therefore, the answer is B. No.