A company is preparing to complete a year-end close process.
You need to configure the Dynamics 365 Finance general ledger module.
Which three configurations actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
To properly configure the Dynamics 365 Finance general ledger module for a year-end close process, several key configurations must be completed. First, configuring the Fiscal year close parameters ensures the system's settings align with the specific requirements of the close process. Second, configuring the ledger calendar for the new fiscal year is crucial as it allows the system to recognize and create periods for the upcoming year. Finally, creating the next fiscal year is necessary since the new fiscal year needs to exist for the system to carry over the beginning balances correctly into the opening period. These steps lay the groundwork for an effective and accurate year-end closing.
The question is not asking properly D - is one step of process before running YEC, but you can run it without it. But for processing YEC, you must setup parameters, next FY and template.
NOPE. https://learn.microsoft.com/en-us/dynamics365/finance/general-ledger/year-end-close On the Fiscal calendar page: The next fiscal year must exist before the year-end close is run. Otherwise, the beginning balances can't be created in the opening period
ADE is collect
Should be ACE in my opinion. running a year end close requires you to set up the template.
ADE is correct.
correct answers
ACE Configure the Fiscal Year Close Parameters: Set Up the Year-End Close Template: Set the Ledger Calendar for the New Fiscal Year: https://learn.microsoft.com/en-us/training/modules/configure-periodic-processes-dyn365-finance/05-end-year-close
https://learn.microsoft.com/en-us/training/modules/configure-periodic-processes-dyn365-finance/05-end-year-close >> under topic prepare to run year end close