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MB-310 · Question #195

MB-310 Question #195: Real Exam Question with Answer & Explanation

The correct answer is B. Create a row definition that includes all appropriate accounts in all companies in the rows. C. Create a column definition that includes a financial dimension column for each company. D. Create a reporting tree that includes a reporting node for each company.. Single-level and multilevel consolidations across legal entities The simplest method for consolidating by using Financial reporting is to use reporting trees to aggregate data across companies that have the same chart of accounts and fiscal periods. Here are the high-level steps

Question

You are the controller of a multi-entity organization that uses the same chart of accounts and fiscal periods across all entities. You use the financial report designer in Dynamics 365 Finance to create, maintain, deploy, and view financial statements. You need to generate consolidated financial statements by using a building block group to aggregate data across companies and financial dimensions. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Options

  • ACreate a column definition and use the period and year to map the appropriate periods for each
  • BCreate a row definition that includes all appropriate accounts in all companies in the rows.
  • CCreate a column definition that includes a financial dimension column for each company.
  • DCreate a reporting tree that includes a reporting node for each company.
  • EUse the Reporting Unit field to select the tree and reporting unit for each column.

Explanation

Single-level and multilevel consolidations across legal entities The simplest method for consolidating by using Financial reporting is to use reporting trees to aggregate data across companies that have the same chart of accounts and fiscal periods. Here are the high-level steps to consolidate by using a reporting tree. 1. Create a row definition, and make sure that all appropriate accounts in all companies are included in the rows. (B) 2. Create a column definition that includes all the columns that are required for the report that you're creating. (C) 3. Create a reporting tree that includes a reporting node for each company that you're using on consolidated reports. (D) https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/generating-consolidated- financial-statements

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