Q: To view one of the default financial reports, such as a Balance Sheet, what needs to be configured first? (select all that apply)  

Answer: D

Justification:

1. The fiscal calendar and currency must be set up before viewing the financial reports that come out of the box. These are critical components of financial reports.
2. A chart of accounts must be set up to use financial reporting. This way, reports can be broken out my different accounts.
3. A ledger must be configured before using financial reporting. This is where a majority of financial data will originate from.
4. The end-user must have the correct privileges and duties assigned to them in order to run the financial reports. For example, they may be assigned the role of Security Administrator.

Related Lesson: Reporting Services

Click me to Read more Question & Answer of Module 17: Introduction to Advanced Topics

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