Microsoft MB-310 Exam - Topic 3 Question 37 Discussion

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You are configuring the year-end setup in Dynamics 365 for Finance and Operations.

You need to configure the year-end setup to meet the following requirements:

* The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year's Period 13.

* The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.

* All dimensions from profit and loss must carry over into the retained earnings.

* All future and previous periods must have an On Hold status.

Solution:

* Configure General ledger parameters.

- Set the Delete close of year transactions option to No.

- Set the Create closing transactions during transfer option to No.

- Set the Fiscal year status to permanently closed option to No.

* Define the Year-end close template.

- Designate a retained earnings main account for each legal entity.

- Set the Financial dimensions will be used on the Opening transactions option to No.

- Set the Transfer profit and loss dimensions' option to Close All.

* Set future Ledger periods to a status of On Hold.

Does the solution meet the goal?