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A company with multiple legal entities implements Dynamics 365 Finance.
You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.
Solution: Create separate cost centers to manage operations.
Does the solution meet the goal?
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A. B.B.
The solution provided does not directly address the requirement of customized financial reporting across the legal entities. Creating separate cost centers only helps manage operations and does not necessarily provide customization options for financial reporting.
To meet the stated goal, some possible options to consider are:
Consolidate financial data: Implement a data consolidation strategy to combine financial data across the legal entities. This will enable customized financial reporting to be generated across the organization. The consolidated data can be used to create reports in Dynamics 365 Finance or in external reporting tools.
Use a data warehouse: Set up a data warehouse to store and integrate data from different legal entities. The data warehouse can be used to generate customized financial reports that combine data from different legal entities.
Implement a reporting tool: Consider implementing a reporting tool, such as Microsoft Power BI or Jet Reports, that can connect to the data sources in Dynamics 365 Finance and provide customized reporting options. These tools allow you to create reports based on specific data sets, and they can be customized to meet the unique reporting requirements of the organization.
Configure financial dimensions: Configure financial dimensions in Dynamics 365 Finance to enable the generation of customized financial reports. Financial dimensions allow you to categorize financial transactions and generate reports based on specific categories. By configuring financial dimensions to match the organization's reporting requirements, customized financial reports can be generated.
In conclusion, the solution provided does not meet the stated goal of customized financial reporting across legal entities. Instead, the options listed above can be considered to provide customized financial reporting across the organization.