MB310 - Microsoft Dynamics 365 Finance

Duration : 4 Days

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 Finance 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.

Job role: Functional Consultant

Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate - Credly

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

After completing this module, students will be able to:

Give an overview of Dynamics 365 Finance features and capabilities
Describe the core components of Dynamics 365 Finance
Explain the benefits of Dynamics 365 Finance

Module 2: Set up and configure financial management
In this module, we will discuss how to create a new legal entity (company) and setup and configure financial management for it. This module includes general ledger.
Lessons

Introduction
Lesson 1: Create and configure a 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 : Create and post vendor/customer/general ledger payments
Lab : Configure a financial report
Lab : Configure tax ledger posting group
Lab : Create and apply an accrual scheme
Lab : Configure financial dimensions and make a journal entry for the new financial dimension value
Lab : Group discussion: creation of a number sequence
After completing this module, students will 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
Dynamics 365 Finance offers extensive functionality for setting up different payment options which are shared between accounts payable and receivable modules.
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

After completing this module, students will be able to:

Configure payment and bank information.

Module 4: Implement and manage accounts payable
This topic explains the basic setup of accounts payable and the vendor setup for efficient management of vendors and vendor transactions in Dynamics 365 Finance.
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 : Video: Vendor payment journal
After completing this module, students will be able to:

Know that payment options in Dynamics 365 Finance are flexible.
Set up and use payment schedules.
Manage cash discount.
Work with vendor groups.
Use features such as prepayments.

Module 5: Implement and manage expense management
You can use the Dynamics 365 Finance and Operations apps expense management to create an integrated workflow where you can store payment method information, import credit card transactions, and track the money that employees spend when they incur expenses for your business. You can also define expense policies and automate the reimbursement of travel expenses. Expense report entry has been redesigned to simplify the experience and decrease the time that is required to complete expense reports. You can turn on this functionality in Feature management. You can add a new setup page to configure the visibility of expense fields, and specify what data is required, optional, or not available when expense reports are entered. When this functionality is turned on, a new expense workspace is available. This workspace replaces the previous expense workspace and is the landing page for the improved entry experience. Travel and expense management has a strong value proposition for organizations with discretionary spending. Travel and entertainment expenses are a significant part of a company's controllable expense. To help curb these costs, expense management provides a mechanism to define and apply expense policies, in addition to flagging and reporting on abusers of the policies. Additionally, automating the entry and reimbursement of travel and entertainment expenses reduces processing costs versus manual entry. Expense management has tight integration with other modules such as Accounts payable, General ledger, Procurement, and sourcing and Project management and accounting.
Lessons

Introduction
Lesson 1: Configure and use expense management
Module summary
Knowledge check

Lab : Configure an expense category
Lab : Group discussion: Expense management module
After completing this module, students will be able to:

Configure expense management
Understand expense categories and shared catories
Describe per diem
Configure expense management parameters
Set up expense management workflow
Define expense policies
Understand audit policies and audit workbench
Process expense reports
Import and maintain credit card transactions
Perform expense receipt processing

Module 6: Implement and manage accounts receivable and credit and collections
You need to configure the Accounts receivable module to be able to perform A/R functionality. You could then create customer invoices, post packing slips, use free text invoices that are not related to sales orders, and receive payments by using several different payment types such as cash, checks, credit cards, and electronic payments from your customers. Managing prospects and customers properly helps businesses to fulfil some of their requirements, such as customers’ satisfaction. At the same time, proper management avoids loss by checking many factors such as the credit limit and blocking the order being processed if it violates the policies of the company. Salespersons are the key for company’s revenue, and their commissions should be taken care of upon completion of the sales cycle.
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 : Configure payment methods, terms, and days
Lab : Adjust a temporary credit limit for a customer
After completing this module, students will be able 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
Configure revenue recognition

Module 7: Configure and manage budgeting
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.
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 : Create a budget transfer rule
Lab : Video: Create budget register entry
After completing this module, students will be able 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
The way in which fixed assets are handled must correspond to both international accounting standards and the accounting legislation in each country/region. Requirements might include rules for recording acquisition and disposal transactions, depreciation, lifetimes, and write-ups and write-downs of fixed assets. The Fixed assets functionality incorporates many of these standards and rules.
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 : Video: Use of two depreciation methods for Fixed Assets
Lab : Acquire a fixed asset by using an AP invoice journal
After completing this module, students will be able 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

Skills gained

Understand and perform financial duties in Dynamics 365 Finance

Basic accounting skills
Core competencies in Dynamics 365 Core

MB300 - Microsoft Dynamics 365 Finance & Operations Core	2 Days	Intermediate
MB-920 : Microsoft Dynamics 365 Fundamentals (ERP)	1 Day	Beginner

Regular Price : ~~$1850.00~~
Special Price :$499.00

Upcoming Schedules

Start Date	End Date	Delivery Location	Details
6/19/2023	6/22/2023	Online (09 to 05 EST)	Register
7/17/2023	7/20/2023	Online (09 to 05 EST)	Register
8/14/2023	8/17/2023	Online (09 to 05 EST)	Register
9/11/2023	9/14/2023	Online (09 to 05 EST)	Register
10/9/2023	10/12/2023	Online (09 to 05 EST)	Register
11/6/2023	11/9/2023	Online (09 to 05 EST)	Register

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This course includes:

Official MS Learn Courseware

Exam Preps

Course Completion Certificate

Post Training Support

Experienced & Certified Instructors