Manage Budgeting

An organization uses Microsoft Dynamics 365 Finance to manage budget control. During purchase order entry, users receive an error stating that the budget limit has been exceeded, but the finance manager needs certain critical purchase orders to bypass this check temporarily without modifying the global budget control configuration. What should you configure to support this requirement?

An enterprise client using Microsoft Dynamics 365 Finance wants to configure budget planning stages and workflows. Which TWO actions must you complete to ensure budget planners can successfully submit worksheets for review? Each correct answer represents part of the solution.

An organization plans to implement budget control in Microsoft Dynamics 365 Finance. You must define the rules for checking budget funds prior to posting documents. Which component must you configure to establish these validation parameters?

Your company requires specific documents to be evaluated against budget funds before they affect the general ledger. Which TWO source documents can be configured for budget control validation in Microsoft Dynamics 365 Finance? Select two.

Refer to the exhibit. You are configuring budget control for a new department. After enabling the budget control rule, you receive the error message shown in the exhibit when attempting to process a transaction. What is the root cause of this error?

Your company is implementing Budget planning. Which TWO actions must be completed to successfully import budget data from Microsoft Excel? (Choose two)

What is the primary purpose of the 'Budget cycle time span' configuration?

Which THREE steps are necessary to set up Budget planning for a new fiscal year? (Choose three)

When reviewing budget plan lines, you notice that the 'Actual' data is not appearing as expected. What is the most likely cause for this missing information?

Refer to the exhibit. A user attempts to create a purchase order for the 'Marketing' department. Based on the configuration provided in the exhibit, what will happen when the user submits the purchase order?

You are configuring budget control in Microsoft Dynamics 365 Finance. A finance manager wants to ensure that purchase orders do not exceed available budget funds, and any purchase order exceeding the budget must be routed through workflow for approval rather than being permanently blocked immediately. Which budget control action should you configure?

Refer to the exhibit.

A Contoso finance team is configuring budget control in Microsoft Dynamics 365 Finance. They want to prevent posting of a vendor invoice when the remaining budget for the combination of main account 6100 and Department 20 is insufficient, but they also need to allow a limited overspend of 5 percent before the system blocks the transaction. The budget manager must be notified by email when the threshold is crossed. Which configuration should the team perform?

You are setting up budget control for a new fiscal year in Microsoft Dynamics 365 Finance. The finance director wants to prevent any purchase order from exceeding the available budget for the MainAccount dimension. What should you do first?

A Contoso finance specialist is configuring budget control for a new fiscal year. The company wants to ensure that when a purchase requisition is submitted, the system checks whether sufficient budget remains. The budget manager selects the budget control rule and the budget funds available definition. However, when a test purchase requisition is submitted, no budget check occurs. What is the most likely cause?

A Contoso budget manager needs to register a new budget register entry that combines multiple ledger accounts and dimensions in one transaction. They must ensure the entry can be posted and tracked as a single document. Which configuration should they use?

A public sector organization uses Dynamics 365 Finance budgeting. They need to enforce that purchase orders cannot exceed the available budget for a specific combination of main account and department. Which configuration should they implement?

A finance user needs to review the budget versus actual expenditures for a specific department for the current year. Which Dynamics 365 Finance feature should they use?

A company is implementing budget control in Dynamics 365 Finance. They need to ensure that budget checks are performed for purchase requisitions and purchase orders. Which two configurations are required? (Choose two.)

A Contoso controller needs to ensure that only budget amounts entered by users assigned to the 'BudgetManager' security role are included when a budget register entry is posted, while amounts from other roles are held for review. The budget register entry uses a workflow that is already active. Which configuration should the controller use to enforce this requirement?

You are configuring budget control for a new legal entity in Microsoft Dynamics 365 Finance. The organization requires that budget checks occur for purchase requisitions and vendor invoices, and that over-budget warnings are displayed to users without preventing posting. Which two configuration actions must you perform to meet these requirements? (Choose two.)

A budget analyst at Contoso needs to transfer budget amounts between two main accounts within the same department for the current fiscal year. Which budget register entry type should the analyst use?

A junior consultant is reviewing budget register entries in Microsoft Dynamics 365 Finance for a client. The client wants to know which entry type increases the available budget balance for a department without requiring a transfer from another department. Which budget register entry type should the consultant identify as increasing available budget?

You are setting up budget control for a legal entity that uses multiple budget dimensions, including Department, CostCenter, and Purpose. The finance team wants budget checks to validate only the Department and CostCenter dimensions, ignoring Purpose. Which configuration should you modify to achieve this?

A Contoso finance team discovers that a posted vendor invoice did not undergo budget control even though budget control is enabled for the account structure. The team confirms the invoice was posted through the Accounts payable module. What is the most likely reason the budget check was bypassed?

A Dynamics 365 Finance user needs to transfer budget amounts from one department to another within the same fiscal year. The organization uses budget register entries for all budget adjustments. Which budget code should the user select to record this transfer?

A Contoso budget manager needs to allow department managers to draft budget plan lines and attach supporting documentation, but the lines must not affect the approved budget until a controller reviews and approves them. The budget planning workflow already includes a controller approval task. Which configuration should you apply to the budget planning stage that department managers use?

An organization using Microsoft Dynamics 365 Finance wants to ensure that when a purchase requisition is submitted, it is checked against the available budget before it can proceed to approval. They have already configured budget control and enabled it for the legal entity. What must be configured next to enforce this check specifically on purchase requisitions?

A Fabrikam controller creates a budget transfer in the budget register. The transfer moves 50,000 from the Operations budget account to the Marketing budget account. Both accounts are under budget control with the same budget model and budget cycle. After posting the transfer, the controller notices that budget control availability for Operations decreased, but Marketing availability did not increase. What is the most likely cause?

A company uses budget planning in Dynamics 365 Finance. The budget planning process includes multiple stages with workflows. The finance team wants to ensure that when a budget plan is rejected at any stage, it is returned to the originator for revision, and that the originator can resubmit it without creating a new budget plan. Which configuration should you implement?

A Contoso financial analyst is preparing the annual budget and needs to enter original budget amounts for several departments. The organization wants the amounts to be available for budget control as soon as they are entered. Which budget register entry type should the analyst use?

A Contoso budget analyst is using budget planning in Dynamics 365 Finance. The analyst needs to create a budget plan that pulls actual expenditure from the previous fiscal year as a starting point, applies a 5 percent increase, and then allows department managers to adjust the lines. Which sequence of configuration elements should the analyst use?

A multinational company is implementing budget control in Dynamics 365 Finance. The company wants to ensure that budget checks are performed for purchase requisitions and purchase orders, and that over-budget transactions are prevented from posting. The company also wants to allow certain users to override budget check failures. Which two configurations are required to meet these requirements? (Choose two.)