New Legal Entity Calendar Creation | MB-300 Exam Preparation

Create New Calendar for Planned Legal Entity

Question

SIMULATION - You are a functional consultant for Contoso Entertainment System USA (USMF)

A company named Contoso, Ltd.

plans to create a new legal entity for a new division that has a financial period close of March 31

You need to create a new calendar for the planned legal entity.

To complete this task, sign in to the Dynamics 365 portal.

Explanations

See explanation below.

1

Go to Navigation pane > Modules >General Ledger > Ledger Setup > Fiscal Calendars.

2

Click the New Calendar button.

3

In the Calendar field, enter a name for the calendar.

4

In the Description field, enter a description for the calendar.

5

In the Start of fiscal year field, select April 1

st 6

In the End of fiscal year field, select March 31

st 7

In the Length of period field, enter 1

8

In the Unit field, select Year.

9

Click the Create button to create the calendar.

https://docs.microsoft.com/en-us/learn/modules/create-fiscal-calendars-years-periods-dyn365-finance/3-create

As an AI language model, I don't have access to Dynamics 365 portal. However, I can give you an overview of the steps required to create a new calendar for a legal entity in Dynamics 365.

Here are the steps to create a new calendar:

  1. Sign in to the Dynamics 365 portal.
  2. Navigate to the organization administration area.
  3. Under the organization administration area, select the calendars option.
  4. In the calendars area, select the new button to create a new calendar.
  5. Enter the name and description of the calendar and select the financial year start and end dates.
  6. Under the period tab, add the period start and end dates for each month of the financial year.
  7. After entering all the period details, save the calendar.

Once the calendar is created, it needs to be assigned to the legal entity for which it was created. To assign a calendar to a legal entity, follow these steps:

  1. Navigate to the legal entity area.
  2. Under the legal entity area, select the legal entities option.
  3. Select the legal entity for which you want to assign the calendar.
  4. Under the legal entity details, select the calendar tab.
  5. From the drop-down list, select the calendar that you want to assign to the legal entity.
  6. Save the changes.

Once the calendar is assigned to the legal entity, you can use it to manage financial transactions, create budgets, and generate financial reports.