Your organization is using the Budgeting module to develop a budget plan. The budget plan needs to go through various phases before it is approved. Where do you define these phases on the Budget…

The correct answer is D. Stages. Create and maintain budget planning stages. A budget planning stage includes the steps and transitions that a budget plan follows from its creation to its final adoption. For example, you might create a budget plan stage to create a budget plan for a department or a stage for…

Set up and Configure the General Ledger

Question

Your organization is using the Budgeting module to develop a budget plan. The budget plan needs to go through various phases before it is approved. Where do you define these phases on the Budget planning configuration form?

Options

AScenarios
BParameters
CWorkflows
DStages

How the community answered

(59 responses)

A
10% (6)
B
5% (3)
C
2% (1)
D
83% (49)

Explanation

Create and maintain budget planning stages. A budget planning stage includes the steps and transitions that a budget plan follows from its creation to its final adoption. For example, you might create a budget plan stage to create a budget plan for a department or a stage for the executive review process. The budgeting organization determines which stages to use. Create and maintain budget planning workflows. A budget planning workflow is an ordered list of the selected budget planning stages. Note: Budget planning stages Define the steps that a budget plan follows from its inception to final approval. Budget planning stages are arranged in budget planning workflows. Examples of budget planning stages are Department review, Department submitted, Management review, and Management approval.

Topics

#budget planning stages#budget planning configuration#budget workflow#approval phases

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