MB-310 – Microsoft Dynamics 365 Finance Functional Consultant

Microsoft Dynamics 365 Finance course is designed to help professionals develop and improve their knowledge of Dynamics 365 Finance and gain industry-recognized credentials. This course covers the basics of the business application, including its core financial, accounting, inventory, revenue, and sales capabilities.

Learning Objectives of Microsoft Dynamics 365 Finance

1. Understand the key features and capabilities available in Microsoft Dynamics 365 Finance.
2. Work with Dynamics 365 Finance modules and data to roll out financial processes in an organisation.
3. Master financial controls & resources management features.
4. Work with multi- entity and multi-currency features of Dynamics 365 Finance.
5. Set up and manage accounts payable and accounts receivable.
6. Create and manage taxes and master tax calculation.
7. Utilize financial reporting and performance analysis tools.
8. Mix the advantages of cloud and on-premises deployment scenarios.
9. Manage inventory, warehousing, and collaborate with vendors.
10. Monitor due dates, start dates & end dates for invoices.

Course Content:

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

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

Module 5: Implement and manage expense management

Introduction
Lesson 1: Configure and use expense management
Module summary

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

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

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

Target Audience

The target audience for Microsoft Dynamics 365 Finance training would include finance and accounting professionals who are responsible for financial operations, financial reporting and analysis, budgeting and forecasting, financial compliance, and other areas of financial management
This training would also be beneficial for chief financial officers (CFOs) and chief accounting officers (CAOs) who need to stay abreast of the current and emerging technology solutions that are available to improve financial practices
Business managers, department managers, and other stakeholders who might interact with the financial system or benefit from improved processes and efficiencies would also be ideal training candidates
Finally, software knowledgeable individuals who need to gain an understanding of Microsoft Dynamics 365 Finance and its capabilities to better evaluate and advise the organization on best practices and solutions should also be invited to participate

Course Prerequisites

1. Basic understanding of Microsoft Office applications.
2. Knowledge of financial processes and accounting fundamentals.
3. Knowledge of financial systems, enterprise resource planning (ERP) systems, or budgeting systems.
4. Experience with general ledger, accounts receivable, accounts payable, etc.
5. Basic understanding of tax and compliance requirements.
6. Understanding of business processes.
7. Working knowledge of auditing and internal control procedures.

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