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Microsoft

MB-310 · Question #51

A company configures budget controls at the beginning of the year. Which three budget control transaction actions occur when the budget control is turned off mid- year. Each correct answer presents…

The correct answer is A. Activities are unrecorded for budget control purposes. B. Budget register entries that have been posted after budget control is turned off will not be C. Posted documents might incorrectly reflect any relieving amounts or balances in inquiries and. After budget control is turned on and active, and after transactions are posted, it should not be turned off mid-year. When budget control is turned off, activities aren't recorded for budget control purposes, and budget checks are no longer performed. Therefore, documents that…

Manage budgeting

Question

A company configures budget controls at the beginning of the year. Which three budget control transaction actions occur when the budget control is turned off mid- year. Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Options

  • AActivities are unrecorded for budget control purposes.
  • BBudget register entries that have been posted after budget control is turned off will not be
  • CPosted documents might incorrectly reflect any relieving amounts or balances in inquiries and
  • DBudget checks are performed.
  • EYou can view the budget reporting through financial reports.

How the community answered

(34 responses)
  • A
    74% (25)
  • D
    6% (2)
  • E
    21% (7)

Explanation

After budget control is turned on and active, and after transactions are posted, it should not be turned off mid-year. When budget control is turned off, activities aren't recorded for budget control purposes, and budget checks are no longer performed. Therefore, documents that have already been posted might not correctly reflect any relieving amounts or balances in inquiries and reports that are related to budget control. These include budget control statistics for any downstream or adjusting documents and journals. Additionally, note that transactions, including budget register entries, that have been posted before budget control is turned on aren't considered for budget https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-control-overview-

Topics

#budget control#mid-year changes#budget register entries#budget inquiries

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