Microsoft Dynamics 365 for Finance and Operations, Financials (MB-310) Course

Course Code: MB-310

Duration: 4 days

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Course Overview

Explore the financial aspects of Dynamics 365.

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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Target Audience

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, codeless extensibility, application and service integrations.

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Course Objectives

After completing this course students will be able to:

• Configure and use the general ledger in Dynamics 365 Finance
• Work with analytics and reporting in finance and operations apps
• Configure cash and bank management in Dynamics 365 Finance
• Configure taxes in Dynamics 365 Finance
• Get started with cost accounting in Dynamics 365 Finance
• Get started with inventory management in Dynamics 365 Supply Chain Management
• Set up and work with inventory control in Dynamics 365 Supply Chain Management
• Use inventory reports in Dynamics 365 Supply Chain Management
• Work with the costing sheet in Dynamics 365 Supply Chain Management
• Work with accounts receivable in Dynamics 365 Finance
• Work with accounts payable in Dynamics 365 Finance
• Work with Expense management in Dynamics 365 Project Operations
• Configure and use budgeting in Dynamics 365 Finance
• Configure fixed assets management in Dynamics 365 Finance
• Set up and acquire fixed assets in Dynamics 365 Finance

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Course Content

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Module 1: Configure and use the general ledger in Dynamics 365 Finance

• Get started with Dynamics 365 Finance
• Configure currencies in Dynamics 365 Finance
• Create fiscal calendars, years, and periods in Dynamics 365 Finance
• Get started with chart of accounts in Dynamics 365 Finance
• Set up chart of accounts in Dynamics 365 Finance
• Set up financial dimensions in Dynamics 365 Finance
• Set up ledgers and journals in Dynamics 365 Finance
• Perform general ledger daily procedures in Dynamics 365 Finance
• Intercompany accounting in Dynamics 365 Finance
• Configure ledger allocations and accruals in Dynamics 365 Finance
• Configure and perform periodic processes in Dynamics 365 Finance

Module 2: Work with analytics and reporting in finance and operations apps

• Different types of reports and inquiries in finance and operations apps
• Financial reporting
• Configuring finance and operations apps for Microsoft Power Platform
• Generating and consuming inquiries and reports

Module 3: Configure cash and bank management in Dynamics 365 Finance

• Create and configure banks.
• Create and configure bank layouts.
• Configure cash and bank management parameters.
• Set up vendor and customer banks.
• Configure cash flow forecasts and reports.
• Use process automation to schedule updates for cash flow forecasts.
• Summarize vendor and customer payments in bank transactions.

Module 4: Configure taxes in Dynamics 365 Finance

• Learn about regional tax reporting capabilities.
• Configure tax components.

Module 5: Get started with cost accounting in Dynamics 365 Finance

• The Cost control workspace.
• Cost objects.
• How to create a cost accounting report by using the Cost accounting Get started wizard.
• How to set up cost accounting.

Module 6: Get started with inventory management in Dynamics 365 Supply Chain Management

• Inventory management process
• How to configure inventory dimensions, storage dimensions, and tracking dimensions
• How to set up sites and warehouses
• Inventory policies and how to set up the policies
• How to configure item groups and item model groups
• How to allocate batch and serial numbers
• Consignment inventory

Module 7: Set up and work with inventory control in Dynamics 365 Supply Chain Management

• Costing methods
• Inventory closing and adjustments
• How to archive inventory transactions

Module 8: Use inventory reports in Dynamics 365 Supply Chain Management

• Understand ABC classification.
• Use the Physical inventory by inventory dimension report.
• Use the Inventory value reports, and Inventory on-hand report storage.
• Use the Inventory on-hand mobile workspace.

Module 9: Work with the costing sheet in Dynamics 365 Supply Chain Management

• Configure the costing sheet.
• Perform BOM calculation and analyze costs by using the costing sheet.

Module 10: Work with accounts receivable in Dynamics 365 Finance

• Set up accounts receivable in Dynamics 365 Finance.
• Perform accounts receivable daily procedures in Dynamics 365 Finance
• Set up credit and collections in Dynamics 365 Finance
• Process credit and collections in Dynamics 365 Finance

Module 11: Work with accounts payable in Dynamics 365 Finance

• Configure Accounts payable in Dynamics 365 Finance
• Perform Accounts payable daily procedures in Dynamics 365 Finance
• Work with accounting distributions, invoice validations and settlements in Dynamics 365 Finance
• Set up and use Intelligent OCR for vendor invoices in Dynamics 365 Finance

Module 12: Work with Expense management in Dynamics 365 Project Operations

• Get started with 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
• Work with travel requisitions in Dynamics 365 Project Operations

Module 13: Configure and use budgeting in Dynamics 365 Finance

• Set up and use basic budgeting Dynamics 365 Finance
• Set up and use budget control in Dynamics 365 Finance
• Configure and use budget planning in Dynamics 365 Finance

Module 14: Configure fixed assets management in Dynamics 365 Finance

• Configure fixed assets components.
• Configure fixed assets parameters.
• Enable fixed assets integration with purchasing.
• Create fixed assets.

Module 15: Set up and acquire fixed assets in Dynamics 365 Finance

• Set up and create fixed assets.
• Set up and record acquisitions.
• Acquire assets through procurement.
• Estimate and eliminate a project to a fixed asset.
• Create a fixed asset by using manual and automatic methods.

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Course Prerequisites

Before attending this course, students must have:

• Basic accounting skills

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Test Certification

Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate