A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Functional Consultant. Your role will include the management of the Dynamics 365 Finance system and to provide training for members of the Accounts team.
You are providing training on the cost accounting module in the Dynamics 365 Finance system.
Which of the following statements describes a cost element?
A. The result of a transfer via data connectors from general ledger entries, cost allocations, and posted cost entries in cost journals.
B. Used as a function to track and categorize costs.
C. Classifies costs according to their behavior in relation to changes in key business activities.
D. Used to distribute cost from one cost object to one or more other cost objects by applying a relevant allocation base.
