Course Description: MB-310: Microsoft Dynamics 365 Finance

This course covers financial aspects of Dynamics 365 : setting up and using essential financial components, accounts payable, accounts receivable, collections, budgets, 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, no-code extensibility, apps, and service integrations.

Items in this collection

• Introduction to Dynamics 365 Finance
• Setting up currencies in Dynamics 365 Finance
• Create fiscal calendars, fiscal years, and periods in Dynamics 365 Finance
• Set up the chart of accounts in Dynamics 365 Finance
• Set up journals and ledgers in Dynamics 365 Finance
• Perform daily general accounting procedures in Dynamics 365 Finance
• Intercompany Accounting in Dynamics 365 Finance
• Set up accounting accruals and allocations in Dynamics 365 Finance
• Set up and run recurring processes in Dynamics 365 Finance
• Working with analytics and reporting in finance and operations applications
• Set up cash and bank management in Dynamics 365 Finance
• Set up taxes in Dynamics 365 Finance
• Setting up customers in Dynamics 365 Finance
• Perform daily customer procedures in Dynamics 365 Finance
• Set up credit and collections in Dynamics 365 Finance
• Process credits and collections in Dynamics 365 Finance
• Setting up vendors in Dynamics 365 Finance
• Perform daily vendor procedures in Dynamics 365 Finance
• Working with accounting distributions, invoice validations, and settlements in Dynamics 365 Finance
• Introduction to expense management in Dynamics 365 Project Operations
• Set up and configure expense management in Dynamics 365 Project Operations
• Create and process expense reports in Dynamics 365 Project Operations
• Working with travel requests in Dynamics 365 Project Operations
• Set up and use basic budgets and budget control in Dynamics 365 Finance
• Set up and use budget planning in Dynamics 365 Finance
• Set up fixed asset management in Dynamics 365 Finance
• Managing Fixed Assets in Dynamics 365 Finance

Course outline

Learning Path 1: Set up and configure financial management; work with the general ledger
1. Get started with Dynamics 365 Finance
2. Configure currencies
3. Create fiscal calendars, years, and periods
4. Get started with chart of accounts
5. Set up chart of accounts
6. Set up financial dimensions
7. Set up ledgers and journals
8. Perform general ledger daily procedures
9. Intercompany accounting
10. Configure ledger allocations and accruals
11. Configure and perform periodic processes…
12. Work with analytics and reporting
13. Set up cash and bank management
14. Set up taxes
15. Work with taxes
Lab 1: Bank foreign currency revaluation

Learning Path 2: Implement accounts receivable, credit, collections, and revenue recognition
1. Set up accounts receivable
2. Perform accounts receivable daily procedures
3. Set up credit and collections
4. Process credit and collections
Lab 2: Calculate risk scores

Learning Path 3: Implement and Manage Accounts Payable and Expenses
1. Configure Accounts payable
2. Perform Accounts payable daily procedures
3. Work with accounting distributions, invoice validations and settlements
4. Set up and use Intelligent OCR for vendor invoices
5. Get started with Expense management
6. Set up and configure Expense management
Lab 3: Voucher Breakdown

Learning Path 4: Manage budgeting
Configure and use basic budgeting and budget control
Configure and use budget planning
Lab 4: Budget planning

Learning Path 5: Manage fixed assets
Configure fixed assets management
Manage fixed assets
Set up Asset leasing
Work with Asset Leasing
Lab 5: Sell and purchase a fixed asset

Prerequisites

Before attending this course, students must have:

• Basic accounting knowledge
• Core Competencies in Dynamics 365 Core

Language

• Course: Spanish / English
• Labs: English

Associate Certification

Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate

Manage data ingestion and preparation, model training and deployment, and monitoring of machine learning solutions with Python, Azure Machine Learning, and MLflow.

Level: Intermediate
Role: Functional Consultant
Product: Dynamics 365