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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Difference between Fin...
Microsoft Dynamics AX (Archived)

Difference between Financial Dimension and Financial Dimension Set

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Posted on by Community Member

Hi ,

Greetings for the Day!!!!

Can any one explain me the difference between the Financial Dimension and Financial Dimension Set??

Regards,

Srikanth.

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard on at
    RE: Financial Dimension

    Hi,

    In a nutshell, financial dimensions are for example your cost centers, business units or alike.

    The financial dimension sets group one or more financial dimensions and are then used for example in the trial balance form to analyze the postings on the different financial dimensions used.

    Best regards,

    Ludwig

  • Suggested answer
    Nagendra Varma K Profile Picture
    Nagendra Varma K on at
    RE: Financial Dimension

    Hi Srikanth,

    Refer below,

    docs.microsoft.com/.../financial-dimensions &

    technet.microsoft.com/.../aa571570.aspx

    Financial Dimension Sets are usually combinations of dimensions for reporting purpose.

    above links will give you more insight.

    Thanks

    Nagendra varma K

  • Suggested answer
    Community Member Profile Picture
    Community Member on at
    RE: Financial Dimension

    Hello,

    Financial dimensions are Business unit,Department,Cost center and we can can define other financial dimenssions also as per business requirement.

    Financial dimension set are group of finacial dimensions. we can define as per  set of financial dimensions.

    Financial dimension set are using to get more clear about a particular transations of a particular financial dimension.

    for example- want to see the ledger transations of a particualr employee of a particular department. so, we define the finanial dimensions in order and apply this fincial dimension set in tral balance.

    Regards,

    Subrat

  • Suggested answer
    Hossein.K Profile Picture
    Hossein.K on at
    RE: Difference between Financial Dimension and Financial Dimension Set

    Hi Srikanth,

    • Financial dimension sets have several purposes. Financial dimension sets are used to determine how reports and inquiries related to the general ledger are rendered.
    • Financial dimension sets are used to calculate balances during the posting process. Balances can also be scheduled for calculation or manually updated.
    • Balances are stored based on the financial dimension set and are calculated based on the option to calculate with posting or batch schedule. Financial dimension sets also drive the data displayed in the Trial balance list page.

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