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MB-310 · Question #147

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…

The correct answer is A. workflow approval D. default values E. journal control. "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…

Set up and configure financial management

Question

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.

Options

  • Aworkflow approval
  • Baccount type
  • Cjournal type
  • Ddefault values
  • Ejournal control

How the community answered

(35 responses)
  • A
    86% (30)
  • B
    6% (2)
  • C
    9% (3)

Explanation

"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." https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing

Topics

#journal name#journal control#workflow approval#default values

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