MB-310T00 Microsoft Dynamics 365 Finance (UT-MS-DYNAMICS-365-FIN)

Course Description

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.

Course Outline

1 - Get started with Dynamics 365 Finance

  • Benefits of Dynamics 365 Finance
  • Overview
  • General ledger
  • Cash and bank management
  • Tax
  • Accounts payable
  • Accounts receivable
  • Credit and collections
  • Budgeting
  • Fixed assets
  • Cost accounting
  • Electronic invoicing
  • Lab - Explore Dynamics 365 Finance
  • Check your knowledge

2 - Configure currencies in Dynamics 365 Finance

  • Set up currencies and conversions
  • Configure and import currency exchange rates
  • Lab - Import exchange rates
  • Check your knowledge

3 - Create fiscal calendars, years, and periods in Dynamics 365 Finance

  • Fiscal calendars, fiscal years, and periods
  • Create fiscal calendars, years and periods
  • Select a fiscal calendar
  • Define budget cycle time spans
  • Maintain periods for your organization
  • Create date intervals
  • Lab - Work with the fiscal calendar, year, and periods
  • Check your knowledge

4 - Configure chart of accounts in Dynamics 365 Finance

  • Plan your chart of accounts
  • Multiple chart of accounts
  • Set up chart of accounts
  • Main account categories
  • Main account information
  • Allocation terms
  • Main account validation options
  • Main account closing options
  • Financial tags
  • Accounts for automatic transactions
  • Define and configure financial dimensions
  • Create a custom financial dimension
  • Create an entity-backed financial dimension
  • Activate and delete financial dimensions
  • Default dimension values
  • Derived dimensions
  • Configure financial dimension templates and sets
  • Define and configure account structures and advanced rules
  • Ledger account aliases
  • Lab - Create a main account category in the chart of accounts, and an advanced rule structure
  • Check your knowledge

5 - Set up ledgers and journals in Dynamics 365 Finance

  • Understand the different types of journals and their setup
  • Describe use cases for periodic journals
  • Configure ledger and journal setup
  • Discover options for implementing voucher numbers in journals
  • Set up journal approvals
  • Configure and use journals
  • Reverse journal posting
  • Set up batch transfer rules
  • Lab - configure ledger and journal setup
  • Check your knowledge

6 - Perform general ledger daily procedures in Dynamics 365 Finance

  • Using balance control accounts
  • Process a journal entry
  • Work with general ledger processes
  • Ledger settlements
  • Create templates to edit journals in Microsoft Excel
  • Create voucher templates
  • Set up journal controls
  • Check your knowledge

7 - Intercompany accounting in Dynamics 365 Finance

  • Set up intercompany accounting
  • Post intercompany journals
  • Trace an intercompany entry
  • Lab - Set up and use intercompany accounting
  • Check your knowledge

8 - Configure ledger allocations and accruals in Dynamics 365 Finance

  • Configure and apply accrual schemes
  • Configure ledger allocation rules
  • Check your knowledge

9 - Configure and perform periodic processes in Dynamics 365 Finance

  • Set up the Financial period workspace and closing schedule
  • Bank reconciliations
  • Year-end 1099 reporting
  • Run foreign currency revaluation processes
  • Process end of year close
  • Perform financial consolidations
  • Lab - Perform year-end close and a consolidation
  • Check your knowledge

10 - Work with analytics and reporting in finance and operations apps

  • Understand different types of reports and inquiries
  • Financial reporting
  • Find inquiries and reports
  • Generate and consume inquiries and reports
  • Configure finance and operations apps for Microsoft Power Platform
  • Lab - Work with reports
  • Check your knowledge

11 - Configure cash and bank management in Dynamics 365 Finance

  • Understand bank transaction types and groups
  • Set up cash and bank management parameters
  • Set up the Single Euro Payments Area (SEPA) direct debit mandate
  • Set up International Bank Account Number (IBAN) structures
  • Configure banks and bank check layout
  • Set up bank accounts for customers
  • Set up bank accounts for vendors
  • Deposit and refund checks
  • Understand cash flow forecast and reports
  • Configure cash flow forecasting
  • Lab - Work with cash and bank management
  • Check your knowledge

12 - Configure taxes in Dynamics 365 Finance

  • Configure ledger posting groups
  • Configure sales tax authorities
  • Configure sales tax settlement periods
  • Create sales tax codes
  • Configure sales tax groups and item sales tax groups
  • Withholding tax
  • Sales tax exemption
  • Conditional sales tax
  • Sales tax on transactions
  • Set up sales tax reporting codes
  • Prepare periodic filings
  • Check your knowledge

13 - Configure accounts receivable in Dynamics 365 Finance

  • Payment schedule
  • Terms of payment and payment days
  • Cash discounts
  • Payment fees
  • Set up the credit card payment service
  • Methods of payment and payment control
  • Set up a payment calendar and payment calendar rules
  • Create and maintain customers
  • Set up customer posting profiles
  • Configure accounts receivable charges
  • Lab - Configure customer posting profiles and create a new customer
  • Check your knowledge

14 - Perform accounts receivable daily procedures in Dynamics 365 Finance

  • Create free text invoices
  • Recurring free text invoices
  • Create and handle payments of customer invoices for sales orders
  • Settle transactions and undo settlements
  • Revenue recognition overview
  • Define revenue schedules
  • Define revenue prices
  • Set up bundle items
  • Check your knowledge

15 - Configure credit and collections in Dynamics 365 Finance

  • Configure accounts receivables for credit and collections
  • Configure credit and collections components
  • Set up interest rates for an interest code
  • Waive, reinstate, or reverse interest fees
  • Set up and manage collection letters
  • Check your knowledge

16 - Process credit and collections in Dynamics 365 Finance

  • Customer account statement
  • Working with collections
  • Manage customer credit and collections
  • Credit management
  • Lab - Work with credit and collections
  • Check your knowledge

17 - Configure Accounts payable in Dynamics 365 Finance

  • Configure the payment schedule
  • Configure terms of payment and payment days
  • Configure cash discounts
  • Set up payment fees
  • Create vendor groups
  • Set up accounts payable posting profiles
  • Create vendors
  • Set up methods of payment for vendors
  • Set up electronic payment formats
  • Configure accounts payable charges
  • Configure and use positive pay
  • Lab - Configure accounts payable components
  • Check your knowledge

18 - Perform Accounts payable daily procedures in Dynamics 365 Finance

  • Understand invoice types in Accounts payable
  • Incoming invoice payments
  • Record vendor invoices
  • Modify due dates and discount dates
  • Work with cash discounts from vendors
  • Create vendor payments
  • Reverse a vendor payment
  • Manage prepayments and prepayment invoices
  • Check your knowledge

19 - Work with accounting distributions, invoice validations and settlements in Dynamics 365 Finance

  • Settle transactions and undo settlements
  • Distribute funds by using accounting distributions
  • Configure invoice validation policies
  • Three-way matching policies
  • Accounts payable invoice matching
  • Invoice totals matching
  • Two-way, price totals matching
  • Two-way, net unit price matching
  • Three-way matching
  • Vendor invoice workflow
  • Charges matching
  • Lab - Work with accounting distributions, invoice validations, and settlements
  • Check your knowledge

20 - Get started with Expense management in Dynamics 365 Project Operations

  • Plan expense management
  • Intercompany expenses
  • Financial management
  • Per diems
  • Journals and accounts
  • Payment methods
  • Taxes
  • Policies
  • Expense categories and shared categories
  • Map expense categories to a main account
  • Check your knowledge

21 - Set up and configure Expense management in Dynamics 365 Project Operations

  • Expense management workspace
  • Expense management parameters
  • Expense management workflows
  • Expense report policies and per diem rules
  • Evaluate policies by using Audit workbench cases
  • Set up mileage expense options
  • Intercompany expenses
  • Personal expenses on an expense report
  • Set up credit card transaction processing and import credit transactions
  • Expense receipt processing
  • VAT recovery
  • Check your knowledge

22 - Create and process expense reports in Dynamics 365 Project Operations

  • Create an expense report
  • Intercompany expenses
  • Itemize expenses by line
  • Distribute an expense
  • Add guests
  • Attach receipts and documents to an expense report
  • Submit an expense report to a workflow
  • Approve an expense report
  • Delegate an expense report
  • Post an expense report
  • Reporting options
  • Lab – Create an expense report and submit it to a workflow
  • Check your knowledge

23 - Work with travel requisitions in Dynamics 365 Project Operations

  • Create a travel requisition
  • Approve a travel requisition
  • Create a cash advance
  • Update a cash advance
  • Check your knowledge

24 - Configure and use basic budgeting and budget control in Dynamics 365 Finance

  • Planning for basic budgeting and budget control
  • Budgeting methodologies
  • Basic budgeting overview
  • Configure basic budgeting
  • Use workspaces and inquiry pages to track budget vs. actuals
  • Budget control overview
  • Configure budget control
  • Configure budget control (cont.)
  • Create and manage budget register entries
  • Use inquires and reports for budget analysis
  • Implement a budget register workflow
  • Check your knowledge

25 - Configure and use budget planning in Dynamics 365 Finance

  • Configure budget planning components
  • Check your knowledge

26 - Configure fixed assets management in Dynamics 365 Finance

  • Fixed assets and current assets
  • Accounting for fixed assets
  • Relationships between fixed assets components
  • Configure fixed assets components
  • Derived books
  • Enable fixed asset integration
  • Fixed asset transaction options
  • Demonstration - Create a fixed asset
  • Lab - Work with fixed assets
  • Check your knowledge

27 - Manage fixed assets in Dynamics 365 Finance

  • Overview
  • Scenario - customer requirements for fixed assets
  • Set up and create fixed assets
  • Set up acquisitions
  • Acquire assets through procurement
  • Manual and automatic methods to create fixed assets
  • Transfer a fixed asset
  • Set up fixed asset groups
  • Split a fixed asset
  • Update fixed asset information
  • Fixed assets roll forward report
  • Depreciation
  • Dispose and lend fixed assets
  • Sell a fixed asset by using a free text invoice
  • Dispose of fixed assets as scrap
  • Estimate and eliminate a project to a fixed asset
  • Asset budgeting
  • Lab - Manage fixed assets
  • Check your knowledge


There are no prerequisites for this course.

Course Information

Length: 4 day

Format: Lecture and Lab

Delivery Method: n/a

Max. Capacity: 16


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Who Should Attend

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.