Exam MB-310 topic 3 question 36 discussion

Actual exam question from Microsoft's MB-310

Question #: 36
Topic #: 3

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.

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You manage a Dynamics 365 Finance implementation.

You must provide the budget versus actual reporting in near real time.

You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget.

Solution: Define a budget model. Set active forecasting process to the current year forecast.

Does the solution meet the goal?

A. Yes
B. No

Show Suggested Answer

Suggested Answer: B 🗳️

by zietus at Feb. 4, 2024, 12:11 p.m.

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globeearth

1 month, 2 weeks ago

Selected Answer: B

Defining a budget model and setting an active forecasting process are foundational steps for budgeting but do not configure the ledger budgets and forecasts workspace to display near real-time budget vs. actuals or track specific thresholds. This option is too generic and does not meet the workspace configuration requirement.

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zietus

10 months, 1 week ago

Selected Answer: A

Yes. Defining a budget model and setting an active forecasting process to the current year forecast allows for the tracking of expenses over budget and revenue under budget. By defining a budget model, you establish the structure and parameters for budgeting and forecasting. Setting an active forecasting process to the current year ensures that the system is constantly updating and reflecting the most recent financial data, enabling near real-time reporting on budget versus actual expenses and revenues. This solution aligns with best practices for budgeting and forecasting in Dynamics 365 Finance and facilitates timely financial analysis and decision-making.

upvoted 2 times

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