MB-310: 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 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.

At course completion

You will be able to:

Understand and perform financial duties in Dynamics 365 Finance

Module 1: Financial Management

• Benefits of financial management
• Financial management

Module 2: Configure Currencies

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

Module 3: Create Fiscal Calendars, Years and Periods

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

Module 4: Configure Chart of Accounts

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

Module 5: Configure Ledger and Journals

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

Module 6: Configure Cash and Bank Management

• 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 7: Use Cash and Bank Management

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

Module 8: Configure Letters of Credit and Guarantees

• Introduction
• Configure letters of credit
• Configure letters of guarantee

Module 9: Perform Daily Procedures

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

Module 10: Intercompany Accounting

• Setup and use intercompany accounting
• Practice Lab

Module 11: Configure Ledger Allocations and Accruals

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

Module 12: Configure Sales Tax

• Understand tax engine components
• Practice lab

Module 13: Configure Accounts Payable

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

Module 14: Perform Accounts Payable Daily Procedures

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

Module 15: Use Accounting Distribution and Invoice Validations

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

Module 16: Configure Accounts Receivable

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

Module 17: Perform Accounts Receivable Daily Procedures

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

Module 18: Configure Credit and Collections

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

Module 19: Process Credit and Collections

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

Module 20: Configure PostDated Checks

• Introduction
• Manage post dated checks
• Practice Labs

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

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

Module 22: Configure and Use Budget Planning Processes

• Introduction
• Configure budget plannign components
• Practice Lab

Module 23: Configure Fixed Assets Management

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

Module 24: Manage Fixed Assets

• Introduction
• Perform fixed assets tasks
• Practice labs

Module 25: Configure and Use Cost Accounting

• Introduction
• Cost control workspace
• Practice lab

Module 26: Configure and Use Periodic Processes

• 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 27: Configure the Electronic Reporting Framework

• Introduction
• Configure electronic reporting
• Formula designer in electronic reporting
• Practice Lab

Module 28: Configure Localized Features

• 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 29: Configure Financial Management for Public Sector

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

Module 30: Course Conclusion

• Final assessment
• Course summary
• Post-course survey
• You will have completed the course.

• Basic accounting skills
• Core competencies in Dynamics 365 Core