Microsoft Dynamics 365 for Finance and Operations, Financials

Provide a fast and efficient way to register financial transactions, manage relationships between subsidiaries and the parent organization, manage internal cost accounting, and reporting.

35
35
Hours

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Microsoft Dynamics 365 for Finance and Operations, Financials Course in UAE

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This course covers the financial aspects of Dynamics 365 viz., configure and use essential financial components, accounts payable, accounts receivable, collections, budgeting, fixed assets, and additional functionality.

Course Objectives

At the completion of this course, learners will be able to

  • Employ flexible configuration options for setup and maintenance of general ledger.
  • Share data such as chart of accounts or currency exchange rates across multiple legal entities, and create flexible journal entries for all account types.
  • Track your financial closing processes across companies, areas, and people.
  • Manage organization’s budget, including flexible configuration options, instant calculation of available budget funds, pooling of budgets, and budget workflows for review and approval.
  • Describe the custom reporting structure and mapping of ledger accounts or dimensions to the reporting structures.

I. Financial Management

  • Benefits of financial management
  • Financial management

II. Configure currencies

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

III. Create fiscal calendars, years and periods

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

IV. 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

V. Configure ledger and journals

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

VI. 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

VII. Use cash and bank management

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

VIII. Configure letters of credit and guarantees

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

IX. Perform daily procedures

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

X. Intercompany accounting

  • Setup and use intercompany accounting

XI. Configure ledger allocations and accruals

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

XII. Configure sales tax

  • Understand tax engine components

XIII. Configure accounts payable

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

XIV. Perform accounts payable daily procedures

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

XV. Use accounting distribution and invoice validations

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

XVI. Configure accounts receivable

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

XVII. Perform accounts receivable daily procedures

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

XVIII. Configure credit and collections

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

XIX. Process credit and collections

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

XX. Configure postdated checks

  • Introduction
  • Manage postdated checks

XXI. 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

XXII. Configure and use budget planning processes

  • Introduction
  • Configure budget planning components

XXIII. Configure fixed assets management

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

XXIV. Manage fixed assets

  • Introduction
  • Perform fixed assets tasks

XXV. Configure and use cost accounting

  • Introduction
  • Cost control workspace

XXVI. 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

XXVII. Configure the electronic reporting framework

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

XXVIII. 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

XXIX. Configure financial management for public sector

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

XXX. Course conclusion

  • Final assessment
  • Course summary
  • Post-course survey

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