MB-310T00 Manage Financial Operations with Dynamics 365 Finance
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.
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Configure and manage the general ledger, fiscal periods, and currencies.
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Manage accounts payable and accounts receivable processes.
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Set up and process credit and collections.
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Configure and use budgeting and forecasting.
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Manage fixed assets (acquisition, depreciation, disposal).
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Configure and use cash and bank management.
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Perform periodic financial processes such as closing, allocations, and accruals.
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Configure taxes and manage tax settlement.
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Use reporting and analytics tools in Dynamics 365 Finance.
As a Dynamics 365 for Finance and Operations Functional Consultant, you analyze business requirements and translate them into fully realized business processes and solutions that implement industry-recommended practices. You have a fundamental understanding of accounting principles and a deeper understanding of financial operations as they relate to core finance, manufacturing, retail, and supply chain management operations. You specialize in one or more feature sets of Dynamics 365 Finance including core finance, general ledger, tax, cost accounting, cost management, fixed assets, asset leasing, budgeting, revenue recognition, consolidation and elimination, credit and collections, cash and bank management, and expense management. You understand the relationships between finance and manufacturing, retail, and supply chain management.
Before attending this course, students must have: Basic accounting skills
- Benefits and overview of Dynamics 365 Finance
- Core financial areas: General ledger, cash and bank, tax, AP, AR, credit & collections, budgeting, fixed assets, cost accounting, electronic invoicing
- Configure currencies and exchange rates
- Create and manage fiscal calendars, years, and periods
- Plan and configure charts of accounts
- Set up main account categories, validations, allocations, closing options, and financial tags
- Configure financial dimensions, templates, sets, and account structures
- Configure ledgers and journal setup
- Types of journals and periodic journals
- Voucher numbering, journal approvals, controls, and batch transfer rules
- Work with journals: entries, templates, Excel integration, reversals, settlements
- Set up and post intercompany transactions
- Configure and apply allocation rules
- Configure and use accrual schemes
- Financial period close workspace and schedules
- Bank reconciliations and advanced bank reconciliation processes
- Foreign currency revaluation
- Trial balance and end-of-year close
- Perform financial consolidations
- Use financial reports, inquiries, and dashboards
- Configure reporting and integration with Power Platform
- Generate and consume inquiries and reports
- Configure bank parameters, accounts, transaction types, SEPA/IBAN
- Vendor and customer bank accounts
- Deposits, refunds, and payment summarization
- Cash flow forecasting and automation
- Configure posting groups, tax authorities, settlement periods, and tax codes
- Sales tax groups, item tax groups, reporting codes
- Manage withholding tax, exemptions, conditional taxes, adjustments, and periodic filings
- Configure AR: customers, payment terms, methods, posting profiles, charges
- Daily procedures: free text invoices, recurring invoices, settlements, reimbursements
- Credit and collections setup: interest codes, collection letters, fees
- Collections processing, customer statements, workspaces, and credit management
- Configure AP: vendors, groups, posting profiles, payment terms, discounts, fees, methods, bank approvals, charges
- Daily procedures: vendor invoices, payments, credit memos, prepayments, centralized payments
- Invoice processing: distributions, validation policies, three-way matching, workflows
- Intelligent OCR and invoice automation
- Configure and manage expense categories, policies, per diems, intercompany expenses, and tax/VAT recovery
- Expense management workspaces, parameters, workflows, audit policies
- Credit card transaction processing, receipt handling, mileage and personal expenses
- Configure and use basic budgeting, budget control, and budget planning
- Fixed asset setup: groups, components, derived books, integration
- Acquire, transfer, and manage fixed assets
- Handle asset budgeting, updates, splits, roll forward reporting
- Depreciate, dispose, or sell fixed assets