AWS Certified Solutions Architect Associate SAA-C03 Practice Question
A corporation with several departments utilizes cloud services for distinct initiatives and needs to accurately apportion expenses among them for precise budgetary control. What feature should the corporation utilize to enable granular reporting and expense allocation for better financial oversight?
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Rely on consolidated billing features for departmental expense tracking.
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Directly analyze service charges without additional categorization.
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Create separate budget notifications for each department.
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Utilize resource tagging to detail costs by departmental usage.
Cost allocation tags enable the association of spending details with particular resources, facilitating precise billing and nuanced reports. These reports can break down costs by department, project, or other structures, streamlining the organization's ability to manage and forecast its finances. Implementing these tags allows for more detailed insights compared to simply relying on account-level organization, which lacks the necessary detail for departmental tracking. Tools like the cost analysis service or budget alerts are dependent on pre-existing tag data for filtering and are more suited for other cost management tasks rather than initial categorization of expenses.
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What are cost allocation tags in AWS?
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How do you implement tagging in AWS for cost allocation?
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What is the difference between cost allocation tags and resource tags?