Configure Valid Financial Dimensions for Main Accounts | MB-310 Exam Prep

Valid Financial Dimensions for Main Accounts

Question

Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

Users report that the results in financial reports are incorrect.

You discover that the discrepancies are caused by users selecting invalid main account and dimension combinations when posting journal entries.

You need to specify which financial dimensions are valid for which main accounts to prevent the invalid main account and dimension combinations.

What should you configure?

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

C.

The correct answer is B. Financial dimension sets.

Financial dimension sets are used in Microsoft Dynamics 365 Finance to group and manage financial dimensions. A financial dimension set is a group of financial dimensions that are used together in a specific combination. By creating financial dimension sets, you can specify which financial dimensions are valid for which main accounts, preventing invalid main account and dimension combinations.

Financial dimension sets can be configured to restrict the use of specific financial dimensions with specific main accounts. For example, you can create a financial dimension set that allows users to select only specific dimensions, such as department and project, for a specific main account, such as travel expenses.

Ledger allocation rules are used to automate the allocation of ledger transactions, and are not used to specify which financial dimensions are valid for which main accounts.

Account structure defines the chart of accounts, and does not directly relate to the financial dimensions that are selected when posting journal entries.

Cost classifications are used to categorize expenses, and are not directly related to financial dimensions or main accounts.