Microsoft MB6-885 - Questions & Answers

Set up budgeting and budget control for apportionments (Public sector) [AX 2012]

Configure budget control for apportionments 1. Click Budgeting > Setup > Budget control > Budget control configuration.
2. Click Budget funds available and select the Use only apportioned amount check box.
Etc.

Use the Budget control account detail history report to view budget account entries for the financial dimension that you select.

References:
Budget control account detail history report (Public sector) (BudgetAccountDetailHistory) [AX
2012]
Incorrect:
not C: Use the Budget control activity by project report to view budget account entries for one or more projects from the Project management and accounting module.

Set up budget control [AX 2012]
* You can define a budget control rule to provide unique user group permissions to budget amounts for specific financial dimension combinations. If the default over budget option for all user groups is Prevent over budget processing, you can define a rule that has a different over budget option for one user group for
specific financial dimension combinations.

* Define over-budget permissions for user groups

You can let specific user groups exceed the available budget or restrict user groups from exceeding the available budget or budget thresholds. The Prevent processing at over budget threshold setting is applied to all users who are not in a user group. The settings in this form can be overridden by a budget control rule or budget group.

URL: :
http://technet.microsoft.com/en-us/library/hh242453.aspx

Set up budget control [AX 2012]
In the Budget threshold field, enter the percentage of the budget that can be spent.

URL:
http://technet.microsoft.com/en-us/library/hh242453.aspx

Set up advanced ledger entries (Public sector) [AX 2012] Required tasks include: Set up posting definitions for the General ledger module on the Posting definitions form.

URL:
http://technet.microsoft.com/en-us/library/hh208561.aspx

Funds (form) (Public sector) [AX 2012]
Field: Override selected year-end option
Select this check box to select a year-end close option for this fund. Do this only if you want this fund to have different year-end processing rules than those used for other funds. If you do this, it will override any year-end processing options that have been selected for all funds in the Purchase order year-end process form.

URL:
http://msdn.microsoft.com/en-us/library/hh208514.aspx

About posting definitions [AX 2012]
Posting definitions are an alternative to posting profiles. You can use both posting definitions and posting profiles to create subledger journal lines for originating transactions that meet selected criteria.

You use posting definitions instead of posting profiles for the transaction types that you select in the Transaction posting definitions form.

Ref:
http://msdn.microsoft.com/en-us/library/hh242680.aspx

Process purchase orders at year end [AX 2012]
If you record encumbrances for purchase orders in the general ledger, which includes purchase orders for projects, you can generate closing entries to the general ledger and against budget reservations at the end of each fiscal year. At the start of the new fiscal year, you can create opening entries to correctly record the encumbrances and budget reservations. These entries help make sure that the reservations for purchase order encumbrances are correctly recorded on the year-end financial statements and in budget control.

Ref:
http://msdn.microsoft.com/en-us/library/hh209300.aspx