MB310T01: Configure and use essential components of financial management in Dynamics 365 for Finance and Operations

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

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.

Duration: 2 Days

Prerequisites

• Basic understanding of ERP and CRM concepts

Audience

• Functional Consultants

Learning Objectives

• Set up legal entity currencies and conversions
• Configure and import currency exchange rates
• Create fiscal calendars, years, periods, and date intervals
• Define and configure the chart of accounts, financial dimensions, and account structures and rules
• Configure ledger and journal setup
• Set up cash and bank management parameters
• Configure banks and bank checks
• Deposit and refund checks
• Create and configure banks and bank layouts
• Configure cash and bank management parameters
• Set up vendor and customer banks
• Configure cash flow forecasts and reports
• Make deposits and perform payment reversals
• Use cash and bank management workspaces
• Configure letters of credit and guarantee
• Learn about general ledger processes
• Create voucher templates
• Set up journal controls
• Configure and apply accrual schemes
• Configure ledger allocation rules

Topics

• Financial Management
• Configure Currencies
• Create Fiscal Calendars, Years, and Periods
• Configure Chart of Accounts
• Configure Ledger and Journals
• Configure Cash and Bank Management
• Use Cash and Bank Management
• Configure Letters of Credit and Guarantees
• Perform Daily Procedures
• Intercompany Accounting
• Configure Ledger Allocations and Accruals
• Configure Sales Tax