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Exam MB-310 topic 4 question 33 discussion

Actual exam question from Microsoft's MB-310
Question #: 33
Topic #: 4
[All MB-310 Questions]

A company uses Dynamics 365 Finance.

The company has decided to implement basic budgeting to track budgeted versus actual amounts.

You need to configure the system to track and identify budget transactions and set up controls on budget balance updates.

What should you define?

  • A. Budget cycle time span
  • B. Budget threshold
  • C. Budget transfer rules
  • D. Budget plan
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Suggested Answer: A 🗳️

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globeearth
3 days, 10 hours ago
Selected Answer: A
A. Budget cycle time span To configure basic budgeting in Dynamics 365 Finance to track budgeted versus actual amounts and set up controls on budget balance updates, you need to define a budget cycle time span. This configuration element is critical for establishing the time period for budgeting activities, enabling the system to track budget transactions (via budget register entries) and control budget balance updates within the specified period. Why it is not D. Budget plan is for advanced budgeting conept but the question clearly talks about basic budgeting
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Ayeneka
6 months, 1 week ago
while the budget cycle time span is necessary for the timing aspect of budgeting, defining a budget plan remains essential for the full tracking and control setup. Therefore, both Options A and D play roles here, but D is critical for tracking and controls on budget balances.
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Milliongiz
11 months, 1 week ago
I think it should be D. Budget plan A budget plan in Dynamics 365 Finance is essential for establishing the framework to track budgeted versus actual amounts. It allows you to set up the budget structure, including the budget amounts and the periods over which the budget is applied. Within the budget plan, you can configure various elements such as budget allocation, workflows, and control measures to ensure that budget balances are accurately tracked and managed.
upvoted 3 times
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Warlock1
1 year ago
Seems correct
upvoted 1 times
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