Course outline
Duration: 4 Days |
This course covers the financial aspects of Dynamics 365: configure and use essential financial components, accounts payable, accounts receivable, collections, budgeting, fixed assets, and additional functionality | |
Audience | 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. |
Prerequisites | Basic accounting skills Core competencies in Dynamics 365 Core |
Objectives |
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Contents | Module 1: Overview of Dynamics 365 FinanceThis module will discuss the core components of Finance and look at the modules involved. Lessons
You learned some of benefits of financial management of Dynamics 365 Finance. Module 2: Set up and configure financial managementIn this module, we will discuss how to create a new legal entity (company) and setup and configure financial management for it. This module includes general ledger. Lessons
Lab : Exercise 1: Configure a new legal entityLab : Exercise 2: Create a chart of accounts and main accountsLab : Exercise 3: Create Advanced Rule StructuresLab : Exercise 4: Create a fiscal calendar, years and periodsLab : Exercise 5: Import exchange rates by using a providerLab : Exercise 6: Create and use Voucher templatesLab : Exercise 7: Configure and test Accrual schemesLab : Exercise 8: Configure and test ledger allocation rulesLab : Exercise 9: Set up and use Intercompany accountingLab : Exercise 10: Create bank transaction types and bank transaction groupsLab : Exercise 11: Create a bank group and bank accountLab : Exercise 12: Make deposits and perform payment reversalsLab : Exercise 13: Use Bank management workspacesLab : Exercise 14: Create Cost accounting by using a wizardLab : Exercise 15: Perform year end closeLab : Exercise 16: Configure Indirect sales taxyou'll be able to set up and configure financial management by preparing the G/L and others. Module 3: Implement and manage shared configuration for A/P and A/RDynamics 365 Finance offers extensive functionality for setting up different payment options which are shared between accounts payable and receivable modules. Lessons
Lab : Exercise 1: Configure Terms of paymentLab : Exercise 2: Configure Payment ScheduleLab : Exercise 3: Configure cash discountsLab : Exercise 4: Create a payment calendarLab : Exercise 5: Configure Payment feesyou'll be able to configure payment and bank information Module 4: Implement and manage accounts payableThis topic explains the basic setup of accounts payable and the vendor setup for efficient management of vendors and vendor transactions in Dynamics 365 Finance. Lessons
Lab : Exercise 1: Configure Method of PaymentLab : Exercise 2: Create Vendor group and vendorLab : Exercise 3: Create and configure vendor posting profileLab : Exercise 4: Record vendor invoice and match against received quantityLab : Exercise 5: Use the vendor invoice matching policyLab : Exercise 6: Record invoice by using Invoice register, approval and Invoice journalsLab : Exercise 7: Process Vendor payment by using a Payment journalLab : Exercise 8: Configure vendor collaborationLab : Exercise 9: Manage chargesYou've now learned:
Module 5: Implement and manage expense managementYou can use the Dynamics 365 Finance and Operations apps expense management to create an integrated workflow where you can store payment method information, import credit card transactions, and track the money that employees spend when they incur expenses for your business. You can also define expense policies and automate the reimbursement of travel expenses. Expense report entry has been redesigned to simplify the experience and decrease the time that is required to complete expense reports. You can turn on this functionality in Feature management. You can add a new setup page to configure the visibility of expense fields, and specify what data is required, optional, or not available when expense reports are entered. When this functionality is turned on, a new expense workspace is available. This workspace replaces the previous expense workspace and is the landing page for the improved entry experience. Travel and expense management has a strong value proposition for organizations with discretionary spending. Travel and entertainment expenses are a significant part of a company's controllable expense. To help curb these costs, expense management provides a mechanism to define and apply expense policies, in addition to flagging and reporting on abusers of the policies. Additionally, automating the entry and reimbursement of travel and entertainment expenses reduces processing costs versus manual entry. Expense management has tight integration with other modules such as Accounts payable, General ledger, Procurement, and sourcing and Project management and accounting. Lessons
Lab : Exercise 1: Create an Expense CategoryLab : Exercise 2: Create an Expense PolicyLab : Exercise 3: Create an Audit PolicyLab : Exercise 4: Create and Submit an Expense Reportyou have learned some of benefits and overall features and functionality of Expense management. Module 6: Implement and manage accounts receivable and credit and collectionsYou need to configure the Accounts receivable module to be able to perform A/R functionality. You could then create customer invoices, post packing slips, use free text invoices that are not related to sales orders, and receive payments by using several different payment types such as cash, checks, credit cards, and electronic payments from your customers. Managing prospects and customers properly helps businesses to fulfil some of their requirements, such as customers’ satisfaction. At the same time, proper management avoids loss by checking many factors such as the credit limit and blocking the order being processed if it violates the policies of the company. Salespersons are the key for company’s revenue, and their commissions should be taken care of upon completion of the sales cycle. Lessons
Lab : Exercise 1: Configure Method of PaymentLab : Exercise 2: Create a new customer group and customerLab : Exercise 3: Configure and maintain customersLab : Exercise 4: Create and configure customer posting profileLab : Exercise 5: Create and process free text invoicesLab : Exercise 6: Process invoice and settle it against a paymentLab : Exercise 7: Set up charge codes for Accounts receivableLab : Exercise 8: Configure Credit and collectionsLab : Exercise 9: Perform Write-OffsLab : Exercise 10: Process credit and collectionsyou have learned how to:
Module 7: Configure and manage budgetingEvery organization, whether it is private or public, sets financial and operational goals by creating budgets. When the budget is established, management monitors the activities within the budget framework. Lessons
Lab : Exercise 1: Configure Basic budgeting componentsLab : Exercise 2: Configure Budget control componentsLab : Exercise 3: Use Budget register entriesLab : Exercise 4: Configure Budget planning, create and use a planning processyou have learned how to:
Module 8: Configure and manage fixed assetsThe way in which fixed assets are handled must correspond to both international accounting standards and the accounting legislation in each country/region. Requirements might include rules for recording acquisition and disposal transactions, depreciation, lifetimes, and write-ups and write-downs of fixed assets. The Fixed assets functionality incorporates many of these standards and rules. Lessons
Lab : Exercise 1: Configure fixed assets componentsLab : Exercise 2: Set up and create depreciation profilesLab : Exercise 3: Acquiring an Asset Using the Fixed Assets JournalLab : Exercise 4: Depreciating and disposing an assetyou have learned how to:
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