Exam MB-310 topic 1 question 69 discussion

Actual exam question from Microsoft's MB-310

Question #: 69
Topic #: 1

An organization plans to use defined journal names for each purpose. They want to ensure that journal processing is easier and more secure.
The organization has the following requirements:
✑ Set up restrictions on the account type and segment values.
✑ Capture data accurately for offset accounts, currency, and financial dimensions.
✑ Maintain internal control and establish materiality limits.
You need to set up journal name elements to meet these requirements.
Which three journal elements should you configure? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

A. workflow approval
B. account type
C. journal type
D. default values
E. journal control

Show Suggested Answer

Suggested Answer: ADE 🗳️
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing

by sadiq_d365 at Jan. 30, 2021, 10:24 a.m.

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Titik

Highly Voted 3 years, 5 months ago

Correct "On the Journal names page, you can set up the following elements: Workflow approval – To increase internal control, define journal workflows that establish materiality limits for review and approval steps, based on criteria such as total debit amount. You set up workflows for the general journals on the General ledger workflows page. Default values – Select default values for offset accounts, currency, and financial dimensions. Journal control – You can set up restrictions on the company and account type, and also the segment values."

upvoted 8 times

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semsem4777

Highly Voted 4 years, 2 months ago

correct

upvoted 5 times

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tarekff

Most Recent 11 months, 3 weeks ago

Selected Answer: ADE

1. Workflow approval: This element helps increase internal control by defining journal workflows. You can establish materiality limits for review and approval steps based on criteria such as total debit amount. Workflow approval ensures accurate data processing and adherence to policies. 2. Default values: Selecting default values for offset accounts, currency, and financial dimensions reduce manual effort and potential errors. 3. Journal control: This element allows you to set up restrictions on various aspects: - Company and account type: Control which companies or legal entities can use the journal name and limit it to specific account types. - Segment values: Define allowable segment values, ensuring consistency and accuracy in data entry.

upvoted 1 times

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sadiq_d365

4 years, 4 months ago

correct

upvoted 4 times

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