MB-310: Microsoft Dynamics 365 Finance Functional Consultant Training

Overview

Professionals can acquire industry-recognized credentials and build and improve their understanding of Dynamics 365 Finance by taking the Microsoft Dynamics 365 Finance course. The foundations of the business application, including its essential financial, accounting, inventory, revenue, and sales capabilities, are covered in this course.

There are various modules in the course. The General Ledger, Chart of Accounts, and default reports are all covered in the first module, which focuses on the basics of utilizing Dynamics 365. Dynamics 365’s financial activities, such as customer invoices and payments, vendor bills and payments, currency and international exchange rates, tax laws, and sales discounts, are among the many financial activities that participants learn how to create, edit, and remove.

The second part of the article discusses Dynamics 365’s flexibility and power, particularly its adaptability to different user requirements. Students gain knowledge of configuring Dynamics 365 for particular user groups and roles as well as importing pre-existing data into the programme.

The integration of Dynamics 365 with Microsoft Office, including Outlook and Excel, is covered in the third section of the course. Users can more quickly examine data and produce reports because of this.

How to use Dynamics 365’s reporting tool and how to execute financial simulations are two other subjects addressed in the course. Participants should be able to use Dynamics 365 Financial more skillfully after completing the course and have a greater understanding of how it functions.

Prerequisites

• Basic familiarity with Microsoft Office programmes.
• Understanding of the foundations of accounting and financial procedures.
• Understanding of accounting, enterprise resource planning (ERP), or budgeting tools.
• Knowledge of general ledger, accounts payable, and accounts receivable, among other things.
• Basic knowledge of tax laws and legal requirements.
• Knowledge of business procedures.
• Working familiarity with internal control and auditing procedures.

Modules

  Module 1: Overview of Dynamics 365 Finance

• 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

 Module 2: Set up and configure financial management

• Introduction
• Lesson 1: Create and configure 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

 Module 3: Implement and manage shared configuration for A/P and A/R

• 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

 Module 4: Implement and manage accounts payable

• 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

 Module 5: Implement and manage expense management

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

 Module 6: Implement and manage accounts receivable and credit and collections

• 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

 Module 7: Configure and manage budgeting

• 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

  Module 8: Configure and manage fixed assets

• 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

  Target Audience

• Functional consultants who work in finance and operations
• Chief Financial Officers (CFOs)
• Chief Accounting Officers (CAOs)
• Corporate executives, department heads, and other parties with a stake in the financial system or who could gain from more effective procedures and efficiencies
• Those with a background in software who need to become familiar with Microsoft Dynamics 365 Finance and its features

Training outcomes

• Recognize the essential functions and features offered by Microsoft Dynamics 365 Financial.
• Use the modules and data in Dynamics 365 Finance to implement financial operations within an organization.
• Master resource management and financial controls.
• Use Dynamics 365 Finance’s multi-entity and multi-currency functionality.
• Configure and oversee accounts receivable and payable.
• Master tax calculation and create and handle taxes.
• Make use of instruments for financial reporting and performance evaluation.
• Combine the benefits of on-premises and cloud deployment options.
• Work with vendors and manage inventory and warehousing.
• Keep track of the start, middle, and due dates for invoices.

FAQs

Do you provide training for businesses?

We do provide corporate training, yes.

Is training in Microsoft Dynamic 365 Finance worthwhile?

Undoubtedly, the Microsoft Dynamics application links numerous other crucial processes into a single one in the modern digital business environment and aids individuals and companies in maintaining alignment across multiple domains. Professionals can obtain a well respected certification in the area of financial management and software by being certified in Microsoft Dynamics 365 Finance. This makes it possible to take advantage of improved employment possibilities, benefits, and duties wherever in the world. It is highly advised to obtain the Microsoft Dynamics 365 Financial certification.