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Exam MB-700 topic 1 question 45 discussion

Actual exam question from Microsoft's MB-700
Question #: 45
Topic #: 1
[All MB-700 Questions]

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.

What are two possible ways to achieve the goal? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

  • A. Create separate departments to manage functional areas.
  • B. Create separate business units.
  • C. Create separate cost centers to manage operations.
  • D. Create separate value streams for item management.
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Suggested Answer: BC 🗳️

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8779abd
2 weeks ago
Selected Answer: BC
The correct answers are B. Create separate business units and C. Create separate cost centers because both are types of financial dimensions in Dynamics 365 Finance. Financial dimensions allow organizations to track and report financial data across multiple legal entities. "Department" is also a financial dimension in Dynamics 365 Finance, just like business unit and cost center. However, it is typically used to represent internal functional areas within a single legal entity (e.g., HR, IT, Sales). While you can use "department" for reporting, it is less effective for cross-legal entity reporting because departments are usually not shared across multiple legal entities.
upvoted 1 times
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Tako_o
5 months, 3 weeks ago
Selected Answer: BC
incorrect: Department - An operating unit that represents a category or functional part of an organization that performs a specific task, such as sales or accounting. It is used to report on functional areas. A department can have profit and loss responsibility and consist of a group of cost centers. Value stream- An operating unit that controls one or more production flows. It is commonly used in lean manufacturing to control the activities and flows that are required to supply a product or service to consumers.
upvoted 1 times
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924ppk
5 months, 3 weeks ago
Selected Answer: AB
A: Separate department you can analysis . B: Business unit is natural way to prepare finance report .(same mini...legal entity)
upvoted 1 times
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AdrienBnhm
10 months ago
Selected Answer: BC
BC are correct
upvoted 3 times
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