A client is implementing the Budgeting module in Dynamics 365 Finance.
You need to configure the correct budget control area to meet the client's requirements.
* Track budgeting control on purchase requisitions.
* Include unposted actual transactions in the calculation of the remaining budget for the period.
* Allow specific individuals to post transactions that exceed the budget.
* Specify main accounts that are subject to budget control, instead of selecting Main account as a dimension for budgeting.
What should you configure? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
You need to determine the root cause for User1's issue.
Which configuration options should you check? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Case Study 5 - First Up Consultants
Background
First Up Consultants is a global finance and accounting company.
Financial needs at organizations are constantly changing. When global companies become too large, it becomes too difficult for them to scale to meet their global operational needs. First Up Consultants provides `Finance as a Service` capabilities.
Some large corporations complement their existing finance staff by engaging select services of First Up Consultants. Other large corporations outsource their entire finance operation to First Up Consultants.
First Up Consultants has hundreds of customers at any time. One such customer, Humongous Insurance, is updating its Dynamics Finance 365 implementation.
Another customer, Trey Research, is setting up its first Dynamics 365 Finance implementation.
Current environment
Ledger
Humongous Insurance is a US-based company and operates its fiscal year from January 1 to December M. Humongous insurance reports across an its subsidiaries in consolidated financial reports. Trey Research is a Canadian-based company that operates its fiscal year from April 1 to March 31. Humongous Insurance employees receive an annual cost of living increase.
Requirements
Ledger
- One of Humongous Insurance's companies provides insurance to government clients and must separate that particular company into its owm subsidiary.
- The Humongous subsidiary will operate in China, which requires a fiscal year from February 1 to January 31.
- Transitions must be posted in the business of record.
- Humongous insurance s subsidiary requires accounting entries to be posted from the subledger to the general ledger by 5:00 PM each day.
- Trey Research requires accounting entries to be posted from the subledger to the ledger immediately.
Fiscal calendars
You must create three new fiscal calendars:
- A fiscal calendar named FebJan that runs from Feb 1 to Jan 31.
- A fiscal calendar named AprMar that runs from April 1 to March 31.
- A fiscal calendar named JanDec that runs from January 1 to December 31.
Accounts
- Trey Research must track bank account balances and transactions for each province in which it operates.
- The bank statement must be sent to the physical address of the home office.
Promotion
- Humongous Insurance's subsidiary plans to celebrate its new subsidiary status by sending out free gifts to existing policyholders based on the tier of their policy.
- Promotional items are ordered for distribution and once received must be tracked within Dynamics 365 Finance.
Taxes
- As part of the spinoff to a subsidiary, Humongous Insurance's subsidiaries taxes must be changed from US government rates to Chinese government rates.
- Humongous Insurance's subsidiary must track use taxes that are not claimed or reported to the Chinese tax agency.
Reporting
- The CEO of Humongous Insurance needs to view the insurance products that customers plan to purchase. The report must show all transactions made over the last two years.
- The corporate vice president of Humongous Insurance's subsidiary needs to view the forecasted cash impact of specific products purchased. The report must show only new transactions.
Expenses
Expenses must be pain using the following requirements:
Credit card processing
- Humongous Insurance requires all credit card transactions to include line-item details.
- Humongous Insurance's subsidiary requires the shipping address merchant address, and lax information but cannot include any order line details.
- Trey Research requires all credit card transactions include transaction date, transaction amount, description, and line-item details.
Compliance and compensation
- Trey Research must be able to audit any modifications to its budget
- Humongow Insurance employees must receive raises tour times pet budget cycle.
Question
You need to reconfigure the taxing jurisdiction for Humongous Insurance's subsidiary.
What should you do?
You are setting up the yearly budget for an organization for the year 2019.
You need to set up the budget register entries.
Which two fields must be set up when creating register entries? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Drag and Drop Question
A company uses basic budgeting functionality in Dynamics 365 Finance. The company has four sales territories in the same legal entity. Each territory uses its own budget model. Users view budget versus actual values for each sales territory.
Users must be able to view budget versus actual values for all four territories in the same inquiry.
You need to configure the basic budgeting functionality for the view.
Which three actions should you perform in sequence?
To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
