Length
4 Days
Price
$3,300
Audience
Beginner, Business Analyst
On Demand
$1,600
This Revision
MB-310T00
Technology
Microsoft Dynamics 365 Finance and Operations
Delivery Method
Instructor Led Classroom and On Demand
Language
English

MB-310T00: Microsoft Dynamics 365 Finance

 

About this course

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 profile

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.

 

Course Schedule

Please note all Instructor Led courses will be in Australian EST time zone.

  • Virtual and Live - Attend a live class and instructor from the comfort of your home or office

Mar 2nd | Mar 16th

  • On Demand - 180 Days Access - Self-paced (Learn in your own time)

Contact Us

  • Private Group Training 

Contact Us


Module 1: Financial Management


In this module you will learn some of benefits of financial management of Dynamics 365 for Finance and Operations.


Lessons


    Benefits of financial management
    Financial management
   

Module summary


You became familiar with modules in Finance and Operations related to financial management and their


Module 2: Configure Currencies


One of the first and most important steps of implementing financial management in Dynamics 365 for Finance and Operations is currency setup. Currency setup is a required step in the configuration of the system and is used to record financial transactions. This module explains currency management in Finance and Operations.

 

Lessons


    Introduction
    Setup legal entity currencies and conversions
    Configure and import currency exchange rates
    Practice lab
    

Module summary


You have now learned about different types of currencies in Finance and Operations. You are also fam


Module 3: Create Fiscal Calendars, Years and Periods

Before posting transactions, a new fiscal year must be divided into periods. This is because transactions cannot post unless a period is created for the posting date and shared across multiple legal entities. A benefit of sharing fiscal calendars is that this supports multiple fiscal calendars for each legal entity.

The fiscal year in Finance and Operations can be set to any length and divided into any number of periods.

 

Lessons


    Introduction
    Create fiscal calendars, years and periods
    Create date intervals
    Practice lab
    

Module summary


In this module, you learned how to: differentiate between ledger and fiscal calendars, configure and


Module 4: Configure Chart of Accounts


A chart of accounts is a set of main accounts in Finance and Operations that captures financial information upon posting a journal. Each account is assigned an account number as a unique identifier.

 

Lessons


    Introduction
    Define and configure the chart of accounts
    Define and configure the financial dimensions
    Define and configure account structures and rules
    Practice labs
    

Module summary


Identify the required components for the chart of accounts.

    Define and configure the chart of accounts.
    Define and configure the financial dimensions and dimension sets.
    Configure chart of accounts, main accounts, categories, templates, ledger account alias, and balance
    Configure account structures and advanced rules.

Module 5: Configure Ledger and Journals


A journal is a worksheet that you can use before you manually enter postings into the system. When you set them up correctly, journals allow you to quickly and efficiently manage posting. To use a journal, you must have a journal name, and should complete the configuration of the ledger, journal, and posting of the General ledger module.

By using the General ledger journal directly or via the General ledger processing workspace, you can perform daily activities as someone who is assigned proper security role to access the General ledger.

A journal name gives financial leaders the capability to control data entry validation and restrict posting of a journal name for users differently.

Lessons

    Journals and their setup
    Configure ledger and journal setup
    User journals
    Practice lab
   

Module summary

Understand different types of journals and their setup.

    Know how to configure ledger and posting setup.
    Know how to configure and use journals.


Module 6: Configure Cash and Bank Management


In Dynamics 365 for Finance and Operations, organizations use the Cash and bank management module to create and maintain bank accounts. The Bank account table contains a record for each bank account. Each record contains bank account information, such as the following:

    Registration number and account number
    Address
    Other contact information
    Currency
    Check setup
    Main account for posting

Finance and Operations uses this information to process all bank transactions, such as payments and deposits.

 

Lessons


    Introduction
    Bank transaction types and groups
    Setup cash and bank management parameters
    Configure banks and bank checks
    Deposit and refund checks
    Cash flow
    Practice Labs
    

Module summary


Create and configure banks.

    Create and configure bank layouts.
    Configure cash and bank management parameters.
    Set up vendor and customer banks.
    Configure cash flow forecasts and reports.



Module 7: Use Cash and Bank Management


This module covers the main procedures in the Cash and bank management module in Finance and Operations.

You learn how to work with cash and bank management workspaces such as Bank management and Cash overviews. You also learned about the processes and procedures for cash and bank management, like how to make deposits and cancel payments (deposits).

Finance and Operations provides functionality to manage check payments, as well as procedures for resolving special situations with checks.

You can delete, refund, and void checks, in addition to generating and issuing checks according to company specifications.

Because Finance and Operations records all financial transactions, companies can use the bank reconciliation function to match internal company records of transactions against bank statements.


Lessons


    Make deposits and perform payment reversals
    Use cash and bank management workspaces
    Practice Labs
    


Module summary


Work with cash and bank management processes.

    Use cash and bank management workspaces.
    Make deposits.
    Cancel payments.


Module 8: Configure Letters of Credit and Guarantees


You now have learned what are the bank letters and how to configure letters of credit in order to create bank documents that are commonly used for the purchase and sale of goods across international borders and letters of guarantees where a bank agrees to pay a specific amount of money to a person if one of the bank's customers defaults on a payment or obligation to that person.


Lessons


    Introduction
    Configure letters of credit
    Configure letters of guarantee
    


Module summary


You will understand bank letters and letters of credit and guarantee.


Module 9: Perform Daily Procedures


Every manual posting entered in Finance and Operations is entered through a journal. A journal is a type of worksheet where entries do not post immediately. You can review, change, and verify completed journals until they are ready for posting.

A voucher template is a voucher that can be used as the basis for future vouchers in other journal entries. You can use voucher templates with a general journal or any of the financial sub ledger journals such as Accounts payable and Accounts receivable journals.

You can set up restrictions on the company, account type, and segment values.

 

Lessons


    Learn about general ledger processes
    Create voucher templates
    Setup journal controls
    Practice Lab
    

Module summary


You have now learned how to process daily activities in general ledger and use journal control to ap

    You worked with balance control accounts to view the balances of either banks or liquidity accounts.
    You learned how to benefit from voucher templates for Amount, which is simply copying the exact amou



Module 10: Intercompany Accounting


Intercompany accounting can help organizations by providing a single-entry point for transactions that must be recorded to multiple companies. Making transactions from a single company saves data entry time and helps provide a guarantee that transactions affecting multiple companies are recorded in each company.

Finance and Operations also helps trace the intercompany entries through the system. It has the functionality that is required by most companies that process intercompany transactions. This includes the ability to efficiently record intercompany sales orders, purchase orders, and cash disbursements.

 

Lessons


    Setup and use intercompany accounting
    Practice Lab
    


Module Summary


You will be able to set up and use intercompany accounting.


Module 11: Configure Ledger Allocations and Accruals


Finance and Operations provides the capabilities to support accrual schemes.

 

Lessons


    Introduction
    Configure and apply accrual schemes
    Configure ledger allocation rules
    Practice labs
    


Module summary


You will have learned how to configure and use allocation rules, and how to configure and use accrua


Module 12: Configure Sales Tax


The requirements for tax calculation and tax reporting differ significantly for different countries or regions. Therefore, the Tax module of Dynamics 365 for Finance and Operations is extremely comprehensive.


Lessons


    Understand tax engine components
    Practice lab
    


Module summary


You now have learned about country and regional tax reporting capabilities in Finance and Operations

    configure tax components, such as sales tax authorities, settlement periods, and the sales tax codes
    sales tax codes is the main component to define tax calculations and connect all other components


Module 13: Configure Accounts Payable


Dynamics 365 for Finance and Operations offers extensive functionality for setting up different vendor payment options.

 

Lessons


    Understand Task recorder functionality
    Configure accounts payable parameters
    Create and maintain vendors
    Configure accounts payable charges
    Configure and use positive pay
    Practice Lab
    


Module Summary


Configure accounts payable components.

    Create and maintain a vendor.
    Configure vendor payments.
    Set up vendor posting profiles.
    Configure accounts payable charges.


Module 14: Perform Accounts Payable Daily Procedures


Purchasing goods for resale or as materials for manufacturing or services is a large responsibility. Tracking those purchases and paying the vendors that supply the goods is just as challenging.

Organizations must monitor accounts payable closely and implement procedures so management can easily obtain the financial information that they need to have to stay informed about changes in the costs of goods. To give an accurate view of the financial condition of the business, all expenses that affect net profit are included in accounts payable.

This module explains how to manage and apply prepayments, record invoices, and process payments.


Lessons


    Introduction
    Process orders, invoices, and payments
    Manage and apply prepayments
    Practice Labs
    


Module summary


you can enter vendor invoices manually or receive them electronically through a data entity

    you can review and approve the invoices using an Invoice approval journal or the Vendor invoice page
    how you can use invoice matching, vendor invoice policies, &workflow to automate the review process
    How to handle prepayments to your vendors



Module 15: Use Accounting Distribution and Invoice Validations


This module explains how to settle transactions and undo settlement and distribute funds by using accounting distributions. You will also learn how to perform invoice matching.

Accounting distributions are used to define how an amount will be accounted for, such as how the expense, tax, or charges will be accounted for on a vendor invoice. Every amount that must be accounted for when the vendor invoice is journalized will have one or more accounting distributions.


Lessons


    Introduction
    Settle transaction and undo settlements
    Distribute funds
    Configure invoice validation policies
    Practice labs
   

Module summary


Settle transactions and undo settlements.

    Distribute funds by using accounting distributions.
    Configure invoice validation policies.


Module 16: Configure Accounts Receivable


You need to configure the Accounts receivable module to be able to create customer invoices, posting packing slips and use free text invoices that are not related to sales orders and finally receive payments by using several different payment types such as cash, checks, credit cards, and electronic payments from your customers.

This module provides information about the configuration of essential components of the Accounts receivable module and the customer setup for efficient management of customers and customer transactions in Finance and Operations.

 

Lessons


    Configure accounts receivable
    Create and maintain customers
    Setup customer posting profiles
    Configure accounts receivable charges
    Practice Lab
    


Module summary


Configure Accounts receivable components

    Create and maintain a customer
    Configure customer payments.
    Set up customer posting profiles
    Configure accounts receivable charges


Module 17: Perform Accounts Receivable Daily Procedures


Learn how to create free text invoices, and receive payments from customers and deposit to the bank. You also learn how to refund a customer for the over payment amount or any other reasons like customer returns scenario which you need to refund the customer not only the payment but also the tax that has been collected, using reversals and use transaction reversals in Accounts receivable. You also learn how to distribute funds by using Accounting distributions in a free text invoice.


Lessons


    Create free text invoices and record customer payments
    Settle transactions and undo settlement
    Practice Lab
    


Module summary


Distribute funds by using Accounting distributions

    Create free text invoices, and record customer payments
    Configure Recurring invoices
    Use reversals in Accounts receivable
    Process orders, record invoices, and process payments


Module 18: Configure Credit and Collections


Although most customers pay their invoices on time, you need to be able to process invoices that are not paid by their due date.

This topic explains how to manage delinquent customers by configuring the Credit and collections module in Dynamics 365 for Finance and Operations. To use the Credit and collections module, you should already have completed the configuration of accounts receivable.


Lessons


    Introduction
    Configure credit and collections components
    Setup and manage interest
    Waive, reinstate or reverse
    Setup and manage collection letters
    Practice Lab
    


Module Summary


Configure credit and collections components.

    Configure aging reports, customer pools, collection agents, and aging period definitions.
    Set up and manage interests.
    Set up and manage collection letters.


Module 19: Process Credit and Collections


Although most customers pay their invoices on time, you must be able to process invoices that are not paid by their due date.

This topic explains how to process Credit and collections.

 

Lessons


    Introduction
    Understand how to process collections
    Manage customer credit and collections
    Practice Labs
    


Module Summary


Customer Statements

    How to process collection


Module 20: Configure PostDated Checks


Postdated checks are checks that are issued to make and receive payments on a future date. Therefore, the check can't be cashed until the specified date.

Microsoft Dynamics 365 for Finance and Operations supports the full management cycle for post-dated checks in both Accounts receivable and Accounts payable. This topic explains how to set up and process post-dated checks.


Lessons


    Introduction
    Manage post dated checks
    Practice Labs
    


Module Summary


Process post-dated checks

    Set up postdated checks
    Register and post a postdated check for a customer
    Settle a postdated check from a customer
    Register and post a postdated check for a vendor
    Settle a postddated check for a vendor


Module 21: Configure and Use Basic Budgeting and Budget Control Processes


Every organization, whether it is private or public, sets financial and operational goals by creating budgets. When the budget is established, management monitors the activities within the budget framework.

This module provides information about the how to configure and use basic budgeting and budget control.

 

Lessons


    Introduction
    Configure basic budgeting components
    Configure budget control components
    Create and test budget registry entries
    Use inquiries and reports
    Practice Labs
    


Module summary


Configure basic budgeting components

    Configure budget control components
    Use inquires and reports
    Create and use budget registry entries


Module 22: Configure and Use Budget Planning Processes


With budget planning functionality you can consolidate multiple budget plans from a lower level into a single parent budget plan at a higher level in the organization. This is called bottom up approach budget planning which allows a budget planner to aggregate other plans into a high level or corporate plan for budgeting.

You can also take the top down approach which requires developing a single budget plan at a higher level of the organization and allocate the budget to lower levels of the organization. Use this method when you rely on historical financial transactions of your company and create a centralized plan which can be allocated throughout different operating units defined by an organization hierarchy with Budget planning purpose.

The budget planner as a final step of the budget planning, generates the budget register entry based on budget plan.

An organization can configure budget planning, and then set up budget planning collaborative processes to meet its policies, procedures, and requirements for budget preparation. This topic explains how to configure and test Budget planning processes.


Lessons


    Introduction
    Configure budget plannign components
    Practice Lab
    


Module summary


Configure Budget planning components

    Create a budget plan template
    Configure budgeting processes
    Create a budget plan by using the budget plan wizard


Module 23: Configure Fixed Assets Management


This module starts with explaining fixed assets concepts and then shows you how to configure and use the Fixed assets module in Dynamics 365 for Finance and Operations.

 

Lessons


    Introduction
    Configure fixed asset components
    Enable fixed asset integration
    Create fixed assets
    Practice labs
    


Module summary


Configure fixed assets components

    Configure fixed asset parameters
    Enable fixed asset integration with purchasing
    Create fixed assets



Module 24: Manage Fixed Assets


To record fixed asset transactions using journals, you must create at least one journal name using the journal type Post fixed assets in the setup of the General ledger module. If budgets for fixed assets are required, you must also create a journal name that uses the journal type Fixed asset budget. This module explains how to process and manage fixed assets.


Lessons


    Introduction
    Perform fixed assets tasks
    Practice labs
    


Module summary


Perform fixed asset acquisition

    Perform fixed asset depreciation
    Perform fixed asset disposal



Module 25: Configure and Use Cost Accounting


Cost accounting lets you collect data from various sources, such as the general ledger, sub-ledgers, budgets, and statistical information. You can then analyze, summarize, and evaluate cost data, so that management can make the best possible decisions for price updates, budgets, cost control, and so on. The source data that is used for cost analysis is treated independently in Cost accounting. Therefore, updates in Cost accounting don’t affect the source data.


Lessons


    Introduction
    Cost control workspace
    Practice lab
    


Module summary


Cost control workspace

    How to create a cost accounting report by using the Cost accounting Get started wizard



Module 26: Configure and Use Periodic Processes


In General ledger, you can complete closing procedures for a period or a year. Closing processes prepare the system for a new period.

There are many tasks such as preparing filings, inventory closing, consolidation and many more needs to be completed first.

To prepare the system for a new year, you must run the year end close process. Each organization has different processes and steps that it performs for the end of a period.


Lessons


    Introduction
    Bank reconciliations
    Configure financial period close
    Prepare periodic filings
    Run foreign currency revaluation processes
    Perform financial consolidations
    Process end of year close
    Practice Labs
    


Module summary


Configure financial period close

    Reconcile banks
    Perform periodic closing, and year closing processes
    Prepare periodic filings
    Configure and test Vendor 1099s process
    Run foreign currency revaluation processes
    Perform financial consolidation and elimination processes
    Use financial reports to create financial statements
    Process end of year tax reporting



Module 27: Configure the Electronic Reporting Framework


Generic Electronic Reporting (GER) or simply Electronic Reporting (ER) is a configurable tool for regulatory reporting, payments and electronic invoicing.

The ER engine is targeted at business users instead of developers. Because you configure formats instead of code, the processes for creating and adjusting formats for electronic documents are faster and easier.

ER currently supports the TEXT, XML, PDF, Microsoft Word document, and OPENXML worksheet formats. However, an extension interface provides support for additional formats.


Lessons


    Introduction
    Configure electronic reporting
    Formula designer in electronic reporting
    Practice Lab
    


Module summary


Configure Electronic Reporting (ER)

    Create Electronic reporting (ER) configurations
    Perform periodic closing, and year closing processes
    Formula designer in Electronic reporting (ER)


Module 28: Configure Localized Features


Dynamics 365 for Finance and Operations includes functionality for the countries and regions documented in the Product localization and translation availability guide.

This module explains how to configure some examples of regional features in Finance and Operations. Please read the information on the Localization and regulatory features page to stay updated with the regional functionality of Finance and Operations for all countries/regions.


Lessons


    Introduction
    Localization and regulatory features
    Classification of Mexican localization features
    Understand the global tax engine
    Understand the features of fiscal establishments and documents for Brazilian localization
    Bill of Exchange
    Electronic Invoices
    Practice Labs
    


Module summary


Localization and regulatory features

    Classification of localization features
    How to apply country and region context
    How to configure and demo the features of Fiscal Establishments, and Fiscal Documents for Brazil


Module 29: Configure Financial Management for Public Sector


The Public Sector, also referred to as the state and local sector, is predominantly a services industry managing the welfare of its citizens. The public sector industry includes organizations in the fields of municipalities, education, healthcare, public safety, public works and infrastructure, national defense, taxation, and various social programs.


Lessons


    Introduction
    Setup funds for the public sector
    Setup derived financial hierarchies
    Configure billing codes for free text invoices
    Practice Labs
    


Module summary


Set up funds for the public sector

    Understand bank reconciliation methods
    Set up derived dimensions
    Set up derived financial hierarchies for the public sector
    Advanced ledger entries functionality for Public sector
    Configure billing codes for free text invoices


Module 30: Course Conclusion


Final assessment and course summary, as well as a post-course survey for the course.


Lessons


    Final assessment
    Course summary
    Post-course survey

Prerequisites

This course is intended for Power Users, Technical students, Administrators and Developers.

Although not compulsory, it is recommended that students attend the prerequisite course ‘Introduction to Microsoft Dynamics 365’

This course is intended for Power Users, Technical students, Administrators and Developers.