Configure and use Essential Components of Financial Management in Dynamics 365 for Finance and Operations

Session Detail:    Classroom 2 Day

Organizations use Dynamics 365 for Finance and Operations to elevate their financial performance by increasing profitability, optimizing workforce productivity, reducing operational expenses, adapting quickly to requirement changes, and streamlining asset management.This course discusses how to configure and use essential components of financial management in Dynamics 365 for Finance and Operations.

Prerequisites

Basic understanding of ERP, CRM concepts.

Who Can Benefit

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.

Session Outline

Class Outline

Module 1: Financial Management

  • Lesson 1: Benefits of financial management
  • Lesson 2: Financial management
  • Lesson 3: Module summary

Module 2: Configure Currencies

  • Lesson 1: Introduction
  • Lesson 2: Setup legal entity currencies and conversions
  • Lesson 3: Configure and import currency exchange rates
  • Lesson 4: Practice lab
  • Lesson 5: Module summary

Module 3: Create fiscal calendars, years and periods

  • Lesson 1: Introduction
  • Lesson 2: Create fiscal calendars, years and periods
  • Lesson 3: Create date intervals
  • Lesson 4: Practice lab
  • Lesson 5: Module summary

In this module, you learned how to:

  • Differentiate between the ledger and fiscal calendars.
  • Configure and set up fiscal calendars, years, and periods.
  • Create and use date intervals.

Module 4: Configure Chart of Accounts

  • Lesson 1: Introduction
  • Lesson 2: Define and configure the chart of accounts
  • Lesson 3: Define and configure the financial dimensions
  • Lesson 4: Define and configure account structures and rules
  • Lesson 5: Practice labs
  • Lesson 6: Module summary

In this module, you learned how to:

  • Identify the required components for the chart of accounts
  • Define and configure the chart of accounts
  • Define and configure the financial dimensions and dimension sets
  • Configure chart of accounts, main accounts, categories, templates, ledger account alias, and balance control
  • Configure account structures and advanced rules

Module 5: Configure Ledger and Journals

  • Lesson 1: Journals and their setup
  • Lesson 2: Configure ledger and journal setup
  • Lesson 3: User journals
  • Lesson 4: Practice lab
  • Lesson 5: Module summary

In this module. you learned about:

  • Different types of journals and their setup
  • How to configure ledger and posting setup
  • How to configure and use journals

Module 6: Configure Cash and Bank Management

  • Lesson 1: Introduction
  • Lesson 2: Bank transaction types and groups
  • Lesson 3: Setup cash and bank management parameters
  • Lesson 4: Configure banks and bank checks
  • Lesson 5: Deposit and refund checks
  • Lesson 6: Cash flow
  • Lesson 7: Practice Labs
  • Lesson 8: Module summary

In this module, you learned how to:

  • 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

Module 7: Use Cash and Bank Management

  • Lesson 1: Make deposits and perform payment reversals
  • Lesson 2: Use cash and bank management workspaces
  • Lesson 3: Practice Labs
  • Lesson 4: Module summary

In this module, you learned how to:

  • Work with cash and bank management processes
  • Use cash and bank management workspaces
  • Make deposits
  • Cancel payments

Module 8: Configure Letters of Credit and Guarantees

  • Lesson 1: Introduction
  • Lesson 2: Configure letters of credit
  • Lesson 3: Configure letters of guarantee
  • Lesson 4: Module summary

Module 9: Perform Daily Procedures

  • Lesson 1: Learn about general ledger processes
  • Lesson 2: Create voucher templates
  • Lesson 3: Setup journal controls
  • Lesson 4: Practice Lab
  • Lesson 5: Module summary

Module 10: Intercompany Accounting

  • Lesson 1: Setup and use intercompany accounting
  • Lesson 2: Practice Lab
  • Lesson 3: Module Summary

Module 11: Configure Ledger Allocations and Accruals

  • Lesson 1: Introduction
  • Lesson 2: Configure and apply accrual schemes
  • Lesson 3: Configure ledger allocation rules
  • Lesson 4: Practice labs
  • Lesson 5: Module summary

Module 12: Configure Sales Tax

 

  • Lesson 1: Understand tax engine components
  • Lesson 2: Practice lab
  • Lesson 3: Module summary

 

Module 13: Course Conclusion

  • Lesson 1: Final assessment
  • Lesson 2: Course summary
  • Lesson 3: Post-course survey

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Configure and use Essential Components of Financial Management in Dynamics 365 for Finance and Operations

2 Day
Classroom

$1,090.00

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