Microsoft MB-310: Dynamics 365 Finance Flashcards

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Implement Financial Management

Question

What is the purpose of a Chart of Accounts in Dynamics 365 Finance?

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Implement Financial Management

Answer

The Chart of Accounts defines the structure of main accounts used for recording financial transactions. It organizes accounts by type (Asset, Liability, Equity, Revenue, Expense) and provides the foundation for all financial reporting and analysis.

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