Which three settings can be defined when configuring budget control? Each correct answer presents a complete solution.

Question

Options

• AThe source documents and accounting journals that are subject to budget control
• BThe main accounts and financial dimensions to be checked
• CThe budget planning stages
• DThe workflow approvals required when the budget is exceeded
• EThe budget funds that are available

• A
  76% (25)
• C
  15% (5)
• E
  9% (3)

Explanation

A: Budget control is available for source documents and accounting journals. B: Define budget control parameters 1. Click Budgeting > Setup > Budget control > Budget control configuration. 2. Select an account structure. If you have multiple active account structures in the chart of accounts, select the account structure that will be used for profit and loss or expense accounts. This account structure includes the main account range for expense accounts. After you select an account structure, all the financial dimensions in that account structure that were defined for budgeting are displayed in the Budget dimensions list. 3. Select a financial dimension and move it to the Budget control dimensions list. D: 6. Select a budget manager, which is a user who can approve budget workflows. Another budget manager can be defined by using a budget control rule. 7. In the Budget threshold field, enter the percentage of the budget that can be spent. The threshold can be used to provide warning messages or to define budget permissions to prevent specific user groups from exceeding the budget threshold. This threshold can exceed 100 8. Select the Display a message when exceeding budget threshold check box to display messages when the budget threshold is exceeded.

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