Home » Microsoft » MB6-702 » How should you create the fiscal calendar?
Your company uses a fiscal calendar that has the following pattern:
First fiscal period is four weeks long.
Second fiscal period is four weeks long.
Third fiscal period is five weeks long.
This pattern repeats throughout the entire fiscal year.
You need to configure the fiscal calendar in Microsoft Dynamics AX.
How should you create the fiscal calendar?
A. Set the Unit to Days, and then enter the number of days appropriately.
B. Set the Unit to Years, and then use the Divide period function to divide the periods appropriately
C. Set the Unit to Months, and then use the Divide period function to divide the periods appropriately.
D. Set the Unit to Weeks, and then enter the number of weeks appropriately.
Correct Answer: B
Explanation/Reference:
* Divide period
Divide the selected period into two periods. Enter a period start date and a new period name, and then click Divide.
* Fiscal calendars contain fiscal years, and fiscal years contain periods. A fiscal calendar is a grouping of one or more fiscal years that is used for financial activity. You can create fiscal calendars that are independent of your legal entity and that can be selected and shared by multiple legal entities.
You can use the Fiscal calendars form to create and delete fiscal calendars and fiscal years. You can also create and change the periods that are part of a fiscal year.
* If a period has a status of Open, you can divide the period into two periods. You might want to do this if you have to change the dates for a period.
When you divide a period, the original period is deleted, and the following two periods are created:
/ The first period uses the starting date and name of the original period. The ending date is one day before the starting date that you enter for the second period. / The second period uses the starting date that you enter in the Period start field. The ending date is the ending date of the original period.
Fiscal calendars (form) [AX 2012]; Key tasks: Fiscal calendars, fiscal years, and periods [AX 2012]
