Unleash Your Financial Expertise with Microsoft Dynamics 365 Finance
Are you ready to take your financial skills to the next level? Dive into the world of 365 finance with our comprehensive Microsoft Dynamics 365 Finance course. This four-day program is designed to equip you with the essential tools and knowledge needed to conquer the financial aspects of Dynamics 365.
What to Expect
In this engaging and interactive course, you’ll explore everything from configuring financial components to mastering accounts payable, accounts receivable, collections, budgeting, and fixed assets. Our expert instructors will guide you through each step, ensuring you’re well-prepared to implement solutions using out-of-the-box capabilities, codeless extensibility, and application integrations.
Transform Your Career
If you’re a Dynamics 365 for Finance and Operations Functional Consultant or aspire to be one, this course is your gateway to career growth. With a strong foundation in 365 finance, you’ll be equipped to perform discovery, capture requirements, engage stakeholders, and configure solutions efficiently. This isn’t just a course; it’s your opportunity to thrive in the fast-paced corporate world by mastering financial management with Microsoft Dynamics 365 Finance.
Course Details
Course Code: MB-310T00; Duration: 4 days; Instructor-led
This course covers the financial aspects of Dynamics 365: configure and use essential financial components, accounts payable, accounts receivable, collections, budgeting, fixed assets, and additional functionality.
Audience
A Dynamics 365 for Finance and Operations Functional Consultant is responsible for performing discovery, capturing requirements, engaging subject matter experts and stakeholders, translating requirements, and configuring the solution and applications. The Functional Consultant implements a solution using out of the box capabilities, codeless extensibility, application and service integrations.
Prerequisites
- Basic accounting skills
- Core competencies in Dynamics 365 Core
Methodology
This program will be conducted with interactive lectures, PowerPoint presentation, discussion and practical exercise.
Course Objectives
Understand and perform financial duties in Dynamics 365 Finance
Outlines
Module 1: Overview of Dynamics 365 Finance This module will discuss the core components of Finance and look at the modules involved
Lessons
- Introduction
- Lesson 1: Overview of Dynamics 365 Finance Features and capabilities
- Lesson 2: Core components of Dynamics 365 Finance
- Lesson 3: Overview of financial management modules in Dynamics 365 Finance
- Lesson 4: Benefits of Dynamics 365 Finance
- Module summary
- Knowledge Check
Module 2: Set up and configure financial management
Lessons
- Introduction
- Lesson 1: Create and configure new legal entity
- Lesson 2: Define and configure the chart of accounts
- Lesson 3: Configure ledgers and currencies
- Lesson 4: Implement and manage journals
- Lesson 5: Implement and manage cash and bank
- Lesson 6: Implement cost accounting and cost management
- Lesson 7: Perform periodic processes
- Lesson 8: Configure, collect, and report taxes
- Module summary
- Knowledge Check
- Lab : Exercise 1: Configure a new legal entity
- Lab : Exercise 2: Create a chart of accounts and main accounts
- Lab : Exercise 3: Create Advanced Rule Structures
- Lab : Exercise 4: Create a fiscal calendar, years and periods
- Lab : Exercise 5: Import exchange rates by using a provider
- Lab : Exercise 6: Create and use Voucher templates
- Lab : Exercise 7: Configure and test Accrual schemes
- Lab : Exercise 8: Configure and test ledger allocation rules
- Lab : Exercise 9: Set up and use Intercompany accounting
- Lab : Exercise 10: Create bank transaction types and bank transaction groups
- Lab : Exercise 11: Create a bank group and bank account
- Lab : Exercise 12: Make deposits and perform payment reversals
- Lab : Exercise 13: Use Bank management workspaces
- Lab : Exercise 14: Create Cost accounting by using a wizard
- Lab : Exercise 15: Perform year end close
- Lab : Exercise 16: Configure Indirect sales tax
- you’ll be able to set up and configure financial management by preparing the G/L and others.
Module 3: Implement and manage shared configuration for A/P and A/R
Lessons
- Introduction
- Lesson 1: Configure Terms of payment
- Lesson 2: Configure payment days, and payment schedules.
- Lesson 3: Configure Cash discounts
- Lesson 4: Configure Payment calendar
- Lesson 5: Configure Payment fees
- Module summary
- Knowledge Check
- Lab: Exercise 1: Configure Terms of payment
- Lab: Exercise 2: Configure Payment Schedule
- Lab: Exercise 3: Configure cash discounts
- Lab: Exercise 4: Create a payment calendar
- Lab: Exercise 5: Configure Payment fees
- you’ll be able to configure payment and bank information.
Module 4: Implement and manage accounts payable
Lessons
- Introduction
- Lesson 1: Create and maintain Accounts payable method of payments.
- Lesson 2: Create and maintain Vendor groups and vendors.
- Lesson 3: Create and configure vendor posting profile
- Lesson 4: Configure invoice validation policies
- Lesson 5: Process orders, invoices, and payments
- Lesson 6: Enable and test vendor collaboration portal for a vendor
- Lesson 7: Configure accounts payable charges
- Lesson 8: Configure and use Positive pay
- Module summary
- Knowledge check
- Lab : Exercise 1: Configure Method of Payment
- Lab : Exercise 2: Create Vendor group and vendor
- Lab : Exercise 3: Create and configure vendor posting profile
- Lab : Exercise 4: Record vendor invoice and match against received quantity
- Lab : Exercise 5: Use the vendor invoice matching policy
- Lab : Exercise 6: Record invoice by using Invoice register, approval and Invoice journals
- Lab : Exercise 7: Process Vendor payment by using a Payment journal
- Lab : Exercise 8: Configure vendor collaboration
- Lab : Exercise 9: Manage charges
You’ve now learned:
- that payment options in Dynamics 365 Finance are flexible
- to set up and use payment schedules
- to manage cash discount
- to work with vendor groups
- to use features such as prepayments
Module 5: Implement and manage expense management
Lessons
- Introduction
- Lesson 1: Configure and use expense management
- Module summary
- Knowledge check
- Lab : Exercise 1: Create an Expense Category
- Lab : Exercise 2: Create an Expense Policy
- Lab : Exercise 3: Create an Audit Policy
- Lab : Exercise 4: Create and Submit an Expense Report
- You have learned some of benefits and overall features and functionality of Expense management.
Module 6: Implement and manage accounts receivable and credit and collections
Lessons
- Introduction
- Lesson 1: Configure Method of Payment
- Lesson 2: Create and maintain Customer groups and customers
- Lesson 3: Create and configure customer posting profile
- Lesson 4: Process orders, invoices, and payments
- Lesson 5: Configure Accounts receivable charges
- Lesson 6: Manage credit and collections
- Lesson 7: Configure revenue recognition
- Module summary
- Knowledge Check
- Lab : Exercise 1: Configure Method of Payment
- Lab : Exercise 2: Create a new customer group and customer
- Lab : Exercise 3: Configure and maintain customers
- Lab : Exercise 4: Create and configure customer posting profile
- Lab : Exercise 5: Create and process free text invoices
- Lab : Exercise 6: Process invoice and settle it against a payment
- Lab : Exercise 7: Set up charge codes for Accounts receivable
- Lab : Exercise 8: Configure Credit and collections
- Lab : Exercise 9: Perform Write-Offs
- Lab : Exercise 10: Process credit and collections
You have learned how to:
- Configure Method of Payment
- Describe and configure electronic payment formats.
- Create and maintain Customer groups and customers.
- Create and configure customer posting profile
- Process orders, invoices, and payments
- Configure Accounts receivable charges
- Manage credit and collections
Module 7: Configure and manage budgeting
Lessons
- Introduction
- Lesson 1: Configure and use basic budgeting.
- Lesson 2: Configure and use budget controls.
- Lesson 3: Create and configure registry entries.
- Lesson 4: Configure and use budget planning.
- Module summary
- Knowledge Check
- Lab : Exercise 1: Configure Basic budgeting components
- Lab : Exercise 2: Configure Budget control components
- Lab : Exercise 3: Use Budget register entries
- Lab : Exercise 4: Configure Budget planning, create and use a planning process
You have learned how to:
- Configure and manage Budgeting processes.
- Configure budgeting components incl budget models, codes, allocation terms, cycles, transfer rules.
- Configure budget controls including cycle time spans, budget parameters, budget fund availability…
- … options, budget control rules and groups, and over-budget permissions
- Implement budget workflows.
- Create and configure registry entries.
- Perform budget checks on documents and journals.
- Create a budget plan including scenarios, stages, allocation stages, stage allocations, templates.
- Define a budget planning process and plan a budget.
Module 8: Configure and manage fixed assets
Lessons
- Introduction
- Lesson 1: Configure Fixed assets components
- Lesson 2: Manage Fixed assets
- Lesson 3: Fixed asset acquisition, depreciation and disposal
- Lesson 4: Fixed asset integration
- Module summary
- Knowledge Check
- Lab : Exercise 1: Configure fixed assets components
- Lab : Exercise 2: Set up and create depreciation profiles
- Lab : Exercise 3: Acquiring an Asset Using the Fixed Assets Journal
- Lab : Exercise 4: Depreciating and disposing an asset
You have learned how to:
- Implement and manage fixed assets
- Create fixed assets and fixed assets groups
- Describe and configure fixed asset books and depreciation
- Configure Fixed asset parameters
- Fixed asset acquisition and depreciation
- Fixed asset leasing
- Dual currency with Fixed assets
- Organization-wide fixed asset identifiers
- Fixed asset disposal
- Create fixed asset budgets and transfer the budgets to the budgeting module
- Estimate and perform an elimination of a project to a fixed asset
