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Microsoft Dynamics 365: Finance (MB-310T00)
The candidate’s ability to set up and implement Dynamics 365 Finance’s financial processes is guaranteed by the Microsoft Dynamics 365 Finance Functional Consultant Associate certification. Professionals can improve their financial control, planning, accounts payable/receivable, and reporting skills with this globally recognized certification. Obtaining this certification demonstrates one’s ability to successfully enhance financial procedures and provide solutions that adhere to industry standards.
Overview
Participants in the Microsoft Dynamics 365: MB-310T00 Finance Certification Training will get the knowledge and abilities necessary to oversee Dynamics 365 Finance’s financial procedures. The establishment and use of financial techniques to enhance organizational flow and production is the focus of this course.
Charts of accounts, the fiscal calendar, currencies, and exchange rates are only a few of the features that will be discussed. Budgeting, fixed assets, accounts payable, and receivable are among the financial management procedures that are the main emphasis of the course. Additionally, it covers intricate and sophisticated financial processes like credit and collections, accruals, allocations, and intercompany accounting.
What you will Learn in this Microsoft Dynamics 365: Finance (MB-310T00) course?
- Configure the core areas of finance such as, account structures, fiscal periods, and legal transactional currencies.
- Set up accounts payable, accounts receivable and credit and collections to facilitate the flow of finances.
- Implement ledger postings, journal setups, as well as intercompany accounting.
- Analyse financial analysis with the help of Dynamics 365 reporting capabilities and Power Platform.
- Manage fixed assets by monitoring the acquisition, depreciation, and disposal of the assets.
- Optimise budgeting and budget control by setting up the necessary budgeting applications and procedures.
- Evaluate financial processes so that they are in line with the firm’s and regional standards.
- Perform scheduled financial activities such as the closing of accounts, balancing and preparation of tax returns.
- Apply advanced methods of allocation and accrual for the provision of resources.
- Utilise cash and bank management tools to define and work with cash flow forecasts and transactions.
Who should go for Microsoft Dynamics 365: Finance (MB-310T00) course?
- Functional consultants responsible for capturing requirements and configuring solutions.
- Professionals performing discovery to align financial operations with business needs.
- Subject matter experts engaged in Dynamics 365 Finance solutions.
- Finance consultants specialising in configuring applications for financial management.
- Individuals with a foundational understanding of accounting principles.
- Professionals managing core finance, general ledger, tax, budgeting, and expense workflows.
- Experts in financial operations integrating with manufacturing, retail, and supply chain management.
Our Package
Module 1: Get started with Dynamics 365 Finance
- The benefits of Dynamics 365 Finance
- An overview of features in Finance
- Lab: Explore Dynamics 365 Finance
Module 2: Configure currencies in Dynamics 365 Finance
- Different types of currencies in Finance
- The concept of triangulation currency
- How to set up legal entity currencies and conversions
- How to configure exchange rate providers
- How to import exchange rates from providers
- Lab: Import exchange rates
Module 3: Create fiscal calendars, years, and periods in Dynamics 365 Finance
- Differentiate between the ledger and fiscal calendars
- Configure and set up fiscal calendars, years, and periods
- Create and use date intervals
- Lab: Work with the fiscal calendar, year, and periods
Module 4: Configure chart of accounts in Dynamics 365 Finance
- Identify the required components for a 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
- Lab: Create a main account category in the chart of accounts, and an advanced rule structure
Module 5: Configure ledgers and journals in Dynamics 365 Finance
- Different types of journals and their setup
- How to configure the ledger and posting setup
- How to configure and use journals
- How to reverse journal posting
- How to set up batch transfer rules
- Lab: Configure ledger and journal setup
Module 6: Perform general ledger daily procedures in Dynamics 365 Finance
- General ledger processes
- Balance control accounts
- Journal controls
- Voucher templates
- Ledger settlements
- Lab: Create and use a voucher template
Module 7: Intercompany accounting in Dynamics 365 Finance
- Set up intercompany accounting
- Use intercompany accounting to post journals between two different legal entities
- Lab: Set up and use intercompany accounting
Module 8: Configure ledger allocations and accruals in Dynamics 365 Finance
- Configure and use accruals
- Configure and use allocations
- Lab: Configure and use accrual schemes
- Lab: Configure and test ledger allocation rules
Module 9: Configure and perform periodic processes in Dynamics 365 Finance
- Configure financial period close
- Reconcile banks
- Perform periodic closing and year-closing processes
- Prepare periodic filings
- Configure and work with vendor 1099 processes
- Run foreign currency revaluation processes
- Perform financial consolidation and elimination processes
- Process end-of-year tax reporting
- Lab: Perform year-end close and a consolidation
Module 10: Work with analytics and reporting in finance and operations apps
- Different types of reports and inquiries in finance and operations apps
- Financial reporting
- Configuring finance and operations apps for Microsoft Power Platform
- Generating and consuming inquiries and reports
- Lab: Work with reports
Module 11: Configure cash and bank management in Dynamics 365 Finance
- 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
- Lab: Work with cash and bank management
Module 12: Configure taxes in Dynamics 365 Finance
- Learn about regional tax reporting capabilities.
- Configure tax components
- Lab: Set up ledger posting groups for sales tax
- Lab: Set up sales tax authorities
- Lab: Set up sales tax settlement periods
- Lab: Set up sales tax codes and sales tax groups
- Lab: Set up sales tax reporting codes and withholding tax
- Lab: View posted sales tax transactions
Module 13: Configure accounts receivable in Dynamics 365 Finance
- Configure Accounts receivable components
- Create and maintain a customer
- Configure customer payments
- Set up payment calendars and calendar rules
- Set up customer posting profiles
- Configure accounts receivable charges
- Lab: Configure customer posting profiles and create a new customer
Module 14: Perform accounts receivable daily procedures in Dynamics 365 Finance
- Create free text invoices and record customer payments
- Distribute funds by using accounting distributions
- Configure recurring invoices
- Use reversals in Accounts receivable
- Understand revenue recognition
- Lab: Create and process a free text invoice
- Lab: Work with invoices from sales orders
- Lab: Process an invoice and settle it against a payment
Module 15: Configure credit and collections in Dynamics 365 Finance Configure
- credit and collections components
- Configure aging reports, customer pools, collection agents, and aging period definitions
- Set up and manage interests
- Set up and manage collection letters
- Lab: Set up credit and collections in Finance
- Lab: Create a write-off journal for a customer
Module 16: Process credit and collections in Dynamics 365 Finance
- How to use customer account statements
- How to process collections
- How to use the credit management feature
- Lab: Work with credit and collections
Module 17: Configure Accounts payable in Dynamics 365 Finance
- Configure accounts payable components
- Create and maintain a vendor
- Configure vendor payments
- Set up vendor posting profiles
- Configure accounts payable charges
- Lab: Configure accounts payable components
Module 18: Perform Accounts payable daily procedures in Dynamics 365 Finance
- Record invoices and process payments
- Manage and apply prepayments
- Lab: Record an invoice
- Lab: Record a vendor invoice that is not associated with a purchase order
- Lab: Process a vendor payment by using a payment journal
Module 19: Work with accounting distributions, invoice validations, and settlements in Dynamics 365 Finance
- Settle transactions and undo settlements
- Distribute funds by using accounting distributions
- Configure invoice validation policies
- Lab: Work with accounting distributions, invoice validations, and settlements
Module 20: Get started with Expense management in Dynamics 365 Project Operations
- Learn about Expense management capabilities
- Discover Expense management features
- Review considerations for planning to use the Expense management module in Project Operations
Module 21: Set up and configure Expense management in Dynamics 365 Project Operations
- Discover the Expense management workspace
- Learn how to turn on the Expense reports re-imagined feature
- Review the Expense management parameters
- Learn about workflow functionality for expense management
- Set up expense policies, and evaluate policies using the Audit workbench
- Set up mileage expense options
- Set up credit card transaction processing and import credit transactions
Module 22: Create and process expense reports in Dynamics 365 Project Operations
- Review expense report policies and per diem rules
- Create and maintain an expense report
- Learn about intercompany expenses
- Learn how to post, approve, and delegate expense reports
- Discover reporting options for expense management
- Lab: Create an expense report and submit it to a workflow
Module 23: Work with travel requisitions in Dynamics 365 Project Operations
- Create a travel requisition
- Review travel requisition options
- Learn about the travel requisition approval process
- Lab: Create a travel requisition
Module 24: Configure and use basic budgeting and budget control in Dynamics 365 Finance
- Configure basic budgeting components
- Configure budget control components
- Use inquiries and reports
- Create and manage budget register entries
- Lab: Configure basic budgeting components
- Lab: Configure budget control components
- Lab: Create a budget register entry
Module 25: Configure and use budget planning in Dynamics 365 Finance
- Configure budget planning components
- Lab: Configure budget planning, create and use a planning process
Module 26: Configure fixed assets management in Dynamics 365 Finance
- Configure fixed assets components
- Configure fixed assets parameters
- Enable fixed assets integration with purchasing
- Create fixed assets
- Lab: Work with fixed assets
Module 27: Manage fixed assets in Dynamics 365 Finance
- Perform fixed asset acquisition
- Perform fixed asset depreciation
- Perform fixed asset disposal
- Lab: Manage fixed assets
Upcoming Batch
April 20th (Weekends)
FRI & SAT (4 Weeks)
08:30 PM to 01:00 AM (CDT)
April 18th (Weekdays)
MON – FRI (18 Days)
10:00 AM to 12:00 PM (CDT)
Microsoft Dynamics 365: Finance (MB-310T00) FAQs
Q. What topics are covered in this course?
Ans.
The course covers essential modules like chart of accounts, fiscal calendars, accounts payable/receivable, budgeting, fixed assets management, financial reporting, and intercompany accounting.
Q. What hands-on activities are included in the training?
Ans.
Participants will perform practical labs, such as configuring currencies, setting up fiscal calendars, managing ledgers, processing accounts payable and receivable, and handling budgeting tools.
Q. What are the key tools and features taught in the course?
Ans.
The training focuses on tools like ledger postings, expense management, credit and collections, Power Platform integration for analytics, and reporting in Dynamics 365 Finance.
Q. What advanced financial concepts are taught in this course?
Ans.
The curriculum includes topics such as ledger allocations, accruals, year-end closing, tax reporting, and consolidation and elimination processes.
Q. How will this course improve my financial management skills?
Ans.
This course provides hands-on training in configuring and managing Dynamics 365 Finance tools, ensuring you can streamline financial operations, improve reporting accuracy, and handle complex financial tasks efficiently.
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