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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 departments to manage functional areas.
Does the solution meet the goal?
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A. B.B.
The solution provided, "Create separate departments to manage functional areas," does not directly address the requirement of providing customized financial reporting across multiple legal entities. While creating separate departments for functional areas may help in segregating financial data, it does not necessarily address the need for customized financial reporting.
To provide customized financial reporting across multiple legal entities, there are various options that can be considered, such as:
Consolidation: Use the consolidation feature within Dynamics 365 Finance to combine data from multiple legal entities into a single company for reporting purposes. This enables the creation of customized financial statements across multiple legal entities.
Dimensional Accounting: Utilize Dimensional Accounting within Dynamics 365 Finance to track financial data across multiple dimensions, such as by legal entity, department, or product line. This can enable customized financial reporting by different dimensions, allowing users to filter and report on financial data by legal entity.
Power BI: Use Microsoft Power BI to create customized financial reports that pull data from multiple legal entities. This provides flexibility in creating customized reports with rich visualizations that can be shared across the organization.
Therefore, the recommended solution of creating separate departments to manage functional areas does not meet the goal of providing customized financial reporting across multiple legal entities. Instead, the above-mentioned options can be considered to meet this requirement.