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Course Information

Microsoft Dynamics 365 Finance MB310 Course Outline

Within this Microsoft training course, you will learn the following modules:

Module 1: Overview of Dynamics 365 Finance

This module will discuss the core components of Finance and look at the modules involved.

Lessons

  • Introduction
  • Lesson 1: Overview of Dynamics 365 Finance Features and capabilities
  • Lesson 2: Core components of Dynamics 365 Finance
  • Lesson 3: Overview of financial management modules in Dynamics 365 Finance
  • Lesson 4: Benefits of Dynamics 365 Finance
  • Module summary
  • Knowledge Check

After completing this module, students will be able to:

  • Give an overview of Dynamics 365 Finance features and capabilities
  • Describe the core components of Dynamics 365 Finance
  • Explain the benefits of Dynamics 365 Finance

Module 2: Set up and configure financial management

In 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

  • Introduction
  • Lesson 1: Create and configure a new legal entity
  • Lesson 2: Define and configure the chart of accounts
  • Lesson 3: Configure ledgers and currencies
  • Lesson 4: Implement and manage journals
  • Lesson 5: Implement and manage cash and bank
  • Lesson 6: Implement cost accounting and cost management
  • Lesson 7: Perform periodic processes
  • Lesson 8: Configure, collect, and report taxes
  • Module summary
  • Knowledge Check

Lab: Create and post vendor/customer/general ledger payments

Lab: Configure a financial report

Lab: Configure tax ledger posting group

Lab: Create and apply an accrual scheme

Lab: Configure financial dimensions and make a journal entry for the new financial dimension value

Lab: Group discussion: creation of a number sequence

After completing this module, students will 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/R

Dynamics 365 Finance offers extensive functionality for setting up different payment options which are shared between accounts payable and receivable modules.

Lessons

  • Introduction
  • Lesson 1: Configure Terms of payment
  • Lesson 2: Configure payment days, and payment schedules
  • Lesson 3: Configure Cash discounts
  • Lesson 4: Configure Payment calendar
  • Lesson 5: Configure Payment fees
  • Module summary
  • Knowledge Check

After completing this module, students will be able to:

  • Configure payment and bank information.

Module 4: Implement and manage accounts payable

This 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

  • Introduction
  • Lesson 1: Create and maintain Accounts payable method of payments
  • Lesson 2: Create and maintain Vendor groups and vendors
  • Lesson 3: Create and configure vendor posting profile
  • Lesson 4: Configure invoice validation policies
  • Lesson 5: Process orders, invoices, and payments
  • Lesson 6: Enable and test vendor collaboration portal for a vendor
  • Lesson 7: Configure accounts payable charges
  • Lesson 8: Configure and use Positive pay
  • Module summary
  • Knowledge check

Lab: Video: Vendor payment journal

After completing this module, students will be able to:

  • Know that payment options in Dynamics 365 Finance are flexible.
  • Set up and use payment schedules.
  • Manage cash discount.
  • Work with vendor groups.
  • Use features such as prepayments.

Module 5: Implement and manage expense management

You 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

  • Introduction
  • Lesson 1: Configure and use expense management
  • Module summary
  • Knowledge check

Lab: Configure an expense category

Lab: Group discussion: Expense management module

After completing this module, students will be able to:

  • Configure expense management
  • Understand expense categories and shared catories
  • Describe per diem
  • Configure expense management parameters
  • Set up expense management workflow
  • Define expense policies
  • Understand audit policies and audit workbench
  • Process expense reports
  • Import and maintain credit card transactions
  • Perform expense receipt processing

Module 6: Implement and manage accounts receivable and credit and collections

You 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

  • Introduction
  • Lesson 1: Configure Method of Payment
  • Lesson 2: Create and maintain Customer groups and customers
  • Lesson 3: Create and configure customer posting profile
  • Lesson 4: Process orders, invoices, and payments
  • Lesson 5: Configure Accounts receivable charges
  • Lesson 6: Manage credit and collections
  • Lesson 7: Configure revenue recognition
  • Module summary
  • Knowledge Check

Lab: Configure payment methods, terms, and days

Lab: Adjust a temporary credit limit for a customer

After completing this module, students will be able to:

  • Configure Method of Payment
  • Describe and configure electronic payment formats
  • Create and maintain Customer groups and customers
  • Create and configure customer posting profile
  • Process orders, invoices, and payments
  • Configure Accounts receivable charges
  • Manage credit and collections
  • Configure revenue recognition

Module 7: Configure and manage budgeting

Every 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

  • Introduction
  • Lesson 1: Configure and use basic budgeting
  • Lesson 2: Configure and use budget controls
  • Lesson 3: Create and configure registry entries
  • Lesson 4: Configure and use budget planning
  • Module summary
  • Knowledge Check

Lab: Create a budget transfer rule

Lab: Video: Create budget register entry

After completing this module, students will be able to:

  • Configure and manage Budgeting processes
  • Configure budgeting components incl budget models, codes, allocation terms, cycles, transfer rules
  • Configure budget controls including cycle time spans, budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions
  • Implement budget workflows
  • Create and configure registry entries
  • Perform budget checks on documents and journals
  • Create a budget plan including scenarios, stages, allocation stages, stage allocations, templates
  • Define a budget planning process and plan a budget

Module 8: Configure and manage fixed assets

The 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

  • Introduction
  • Lesson 1: Configure Fixed assets components
  • Lesson 2: Manage Fixed assets
  • Lesson 3: Fixed asset acquisition, depreciation, and disposal
  • Lesson 4: Fixed asset integration
  • Module summary
  • Knowledge Check

Lab: Video: Use of two depreciation methods for Fixed Assets

Lab: Acquire a fixed asset by using an AP invoice journal

After completing this module, students will be able to:

  • Implement and manage fixed assets
  • Create fixed assets and fixed assets groups
  • Describe and configure fixed asset books and depreciation
  • Configure Fixed asset parameters
  • Fixed asset acquisition and depreciation
  • Fixed asset leasing
  • Dual currency with Fixed assets
  • Organization-wide fixed asset identifiers
  • Fixed asset disposal
  • Create fixed asset budgets and transfer the budgets to the budgeting module
  • Estimate and perform an elimination of a project to a fixed asset

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Who should attend this Dynamics 365 course?

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 understanding of ERP and CRM concepts.

Microsoft Dynamics 365 Finance MB310 Course Overview

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

What will you gain from taking this Microsoft training course?

  • Understand and perform financial duties in Dynamics 365 Finance

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  • Delegate pack consisting of course notes and exercises
  • Manual
  • Experienced Instructor

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Why choose us

Ways to take this course

Our easy to use Virtual platform allows you to sit the course from home with a live instructor. You will follow the same schedule as the classroom course, and will be able to interact with the trainer and other delegates.

Our fully interactive online training platform is compatible across all devices and can be accessed from anywhere, at any time. All our online courses come with a standard 90 days access that can be extended upon request. Our expert trainers are constantly on hand to help you with any questions which may arise.

This is our most popular style of learning. We run courses in 1200 locations, across 200 countries in one of our hand-picked training venues, providing the all important ‘human touch’ which may be missed in other learning styles.

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Highly experienced trainers

All our trainers are highly qualified, have 10+ years of real-world experience and will provide you with an engaging learning experience.

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State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

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Small class sizes

We limit our class sizes to promote better discussion and ensuring everyone has a personalized experience

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Great value for money

Get more bang for your buck! If you find your chosen course cheaper elsewhere, we’ll match it!

This is the same great training as our classroom learning but carried out at your own business premises. This is the perfect option for larger scale training requirements and means less time away from the office.

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Tailored learning experience

Our courses can be adapted to meet your individual project or business requirements regardless of scope.

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

This gives your team a great opportunity to come together, bond, and discuss, which you may not get in a standard classroom setting.

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Monitor employees progress

Keep track of your employees’ progression and performance in your own workspace.

What our customers are saying

Microsoft Dynamics 365 Finance MB310 FAQs

FAQ's

Please arrive at the venue at 8:45am.
There is no formal pre-requisite for this course.
This course is for Finance Manager and IT Professionals, who want to learn about Finance and Operation.
We are able to provide support via phone & email prior to attending, during and after the course.
Delegate pack consisting of course notes and exercises, Manual, Experienced Instructor, and Refreshments
This course is 4 day(s)
Once your booking has been placed and confirmed, you will receive an email which contains your course location, course overview, pre-course reading material (if required), course agenda and payment receipts
The price for Microsoft Dynamics 365 Finance MB310 certification in Australia starts from AUD5495
The Knowledge Academy is the Leading global training provider in the world for Microsoft Dynamics 365 Finance MB310.

Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Trusted & Approved

Microsoft Dynamics 365 Training

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

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Microsoft Dynamics 365 Finance Functional Consultant Associate

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2 courses
Included courses:

Microsoft Dynamics 365 Finance MB310AUD5995

Microsoft Dynamics 365 Core Finance and Operations MB300AUD3995

Total without package:  AUD9990

Package price:  AUD5995 (Save AUD3995)

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