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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 Yes .
– Set the Create closing transactions during transfer option to Yes .
– 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?
A . Yes
B . No
Answer: B
Explanation:
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close