Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate

Use this certification to prove your skills and help advance your career, if you have experience as a functional consultant who analyzes business requirements and translates them into successful business processes and solutions based on industry best practices. You need to have experience in implementing and configuring Dynamics 365 Finance to meet business requirements.

This certification is a good fit for people in finance departments who work in accounts receivable, accounts payable, general ledger, fixed assets, budgeting, cost accounting and cost management, or expenses. You must have a fundamental understanding of business accounting principles and financial operations.

Skills measured

Describe finance and operations apps, and extend apps by using Microsoft Power Platform technologies
Configure administrative features and workflows
Manage Finance and Operations data
Validate and support the solution
Set up and configure financial management
Implement accounts receivable, credit, collections, and revenue recognition
Implement and manage accounts payable and expenses
Manage budgeting
Manage fixed assets

Course Outline

Extend app functionality by using Microsoft Power Platform technologies

identify use cases for Microsoft Dataverse
identify use cases for Power Apps
identify use cases for Power Automate
identify use cases for Power BI
identify use cases for Power Virtual Agents

Implement security

distinguish between roles, duties, privileges, and permissions
assign security roles to users based on requirements
describe segregation of duties
describe and use the security diagnostics tool

Configure organization administration features

set up and configure legal entities and operating units
configure and troubleshoot number sequences
create organization hierarchies
describe and apply user options
configure document handling for attachments
configure print management and form setup features

Describe the migration process

identify common migration scenarios and tools in finance and operations apps
identify relevant data entities and elements based on given scenario
identify data migration requirements

Prepare data for migration and migrate data to finance and operations apps

identify types of data including master, transactional, reference, and parametric
generate field mapping between source and target data structures
import or export data by using the data management framework
support the transition between the existing and migrated systems
perform a test migration and validate output from the proces
implement data task automation

Test solutions

describe types of testing, including unit, regression, functional, and end-to-end
describe capabilities of available testing tools
track work items through a project implementation by using Azure DevOps
create test cases and test plans by using Azure DevOps
automate and manage test cases by using the Regression Suite Automation Tool (RSAT)
create test scripts by using Task recorder and upload scripts to Business process modeler
or Azure DevOps

Define and configure the chart of accounts

define and configure the chart of accounts and main accounts
describe use cases for main accounts categories, ledger account aliases, and balance control accounts
configure financial dimensions and dimension sets
configure legal entity overrides for financial dimensions and main accounts
create and configure account structures and advanced rules

Configure ledgers and currencies

construct fiscal calendars, years, and periods
configure the ledger
describe and configure batch transfer rules
set up currencies and conversions for a legal entity
manually enter currency exchange rates

Implement and manage accounts receivable

set up customers and customer posting profiles
configure and process free text invoices
process orders, invoices, and payments
configure customer payment setup
configure accounts receivable charges
configure bank accounts for customers
manage customer holds

Configure revenue recognition

configure journals and parameters for revenue recognition
implement revenue schedules
enter and process revenue recognition transactions

Implement and manage accounts payable

configure invoice validation policies
set up vendors and vendor posting profiles
process orders, invoices, and payments
configure the vendor collaboration module
configure vendor payments including positive pay and payment calendars
configure accounts payable charges
configure bank accounts for vendors
configure accounts payable journal approval settings

Configure and process budget plans

define a budget planning process
plan a budget
create a budget plan by using scenarios, stages, allocation stages, stage allocations, and
templates
create a budget plan template

Implement and manage fixed assets

create fixed assets and fixed assets groups
configure fixed asset parameters
describe fixed asset books and depreciation processes
configure fixed asset books
configure depreciation

Process fixed asset transactions

enable integration with purchasing, projects, and free text invoices
acquire, depreciate, and dispose of fixed assets
create fixed asset budgets and transfer the budgets to the budgeting module
estimate and perform an elimination of a project to a fixed asset

About The Exam

This exam measures your ability to accomplish the following technical tasks: describe finance and operations apps, and extend apps by using Microsoft Power Platform technologies; configure administrative features and workflows; manage Finance and Operation data; and validate and support the solution.