Microsoft Dynamics 365
for Finance and
Operations,
Financials
Overview
Course Objective
Who Should Attend
Financial professionals seeking to enhance their skills in Dynamics 365.
ERP and CRM specialists looking to manage financial modules effectively.
Consultants and system administrators who want to implement or manage financial features in Dynamics 365 for Finance and Operations.
Business analysts and project managers involved in financial management implementation and optimization.
Prerequisites
Basic understanding of ERP and CRM concepts.
Training Calendar
Intake
Duration
Program Fees
Module
Module 1 - Financial Management
In this module you will learn some of benefits of financial management
of Dynamics 365 for Finance and Operations.
Lessons
Benefits of financial management
Financial management
Module summary
You became familiar with modules in Finance and Operations
related to financial management and their overall features and
functionality
Module 2 - Configure Currencies
One of the first and most important steps of implementing financial
management in Dynamics 365 for Finance and Operations is currency
setup. Currency setup is a required step in the configuration of the system
and is used to record financial transactions. This module explains
currency management in Finance and Operations.
Lessons
Introduction
Setup legal entity currencies and conversions
Configure and import currency exchange rates
Practice lab
Module summary
You have now learned about different types of currencies in Finance
and Operations. You are also familiar with the concept of triangulation
currency, how to set up legal entity currencies and conversions.
In the video, you learned how to configure exchange rate providers
and use them to import exchange rates into an exchange rate type
Module 3 - Create fiscal calendars, years and periods
Before posting transactions, a new fiscal year must be divided into
periods. This is because transactions cannot post unless a period is
created for the posting date and shared across multiple legal entities. A
benefit of sharing fiscal calendars is that this supports multiple fiscal
calendars for each legal entity. The fiscal year in Finance and Operations
can be set to any length and divided into any number of periods. This
module explains fiscal and ledger calendar management in Finance and
Operations.
Lessons
Introduction
Create fiscal calendars, years and periods
Create date intervals
Practice lab
Module summary
In this module, you learned how to:
Differentiate between ledger and fiscal calendars.
Configure and set up fiscal calendars, years, and periods.
Create and use date intervals
Module 4 - Configure Chart of Accounts
A journal is a worksheet that you can use before you manually enter
postings into the system. When you set them up correctly, journals allow
you to quickly and efficiently manage posting. To use a journal, you must
have a journal name, and should complete the configuration of the ledger,
journal, and posting of the General ledger module. By using the General
ledger journal directly or via the General ledger processing workspace,
you can perform daily activities as someone who is assigned proper
security role to access the General ledger. A journal name gives financial
leaders the capability to control data entry validation and restrict posting
of a journal name for users differently.
Lessons
Journals and their setup
Configure ledger and journal setup
User journals
Practice lab
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 5 - Configure Ledger and Journals
In this module, we will learn how to create and use work orders to
schedule resources.
Lessons
• Configure Field Service work orders
• Creating work orders
• Managing work orders
You will be able to:
• Configure work orders
• Schedule resources using work orders
Module 6 - Configure Cash and Bank Management
In Dynamics 365 for Finance and Operations, organizations use the Cash
and bank management module to create and maintain bank accounts.
The Bank account table contains a record for each bank account. Each
record contains bank account information, such as the following: –
Registration number and account number – Address – Other contact
information – Currency – Check setup – Main account for posting Finance
and Operations uses this information to process all bank transactions,
such as payments and deposits.
Lessons
Introduction
Bank transaction types and groups
Setup cash and bank management parameters
Configure banks and bank checks
Deposit and refund checks
Cash flow
Practice Labs
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
This module covers the main procedures in the Cash and bank
management module in Finance and Operations. You learn how to work
with cash and bank management workspaces such as Bank management
and Cash overviews. You also learned about the processes and
procedures for cash and bank management, like how to make deposits
and cancel payments (deposits). Finance and Operations provides
functionality to manage check payments, as well as procedures for
resolving special situations with checks. You can delete, refund, and void
checks, in addition to generating and issuing checks according to
company specifications. Because Finance and Operations records all
financial transactions, companies can use the bank reconciliation
function to match internal company records of transactions against bank
statements.
Lessons
Make deposits and perform payment reversals
Use cash and bank management workspaces
Practice Labs
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
You now have learned what are the bank letters and how to configure
letters of credit in order to create bank documents that are commonly
used for the purchase and sale of goods across international borders and
letters of guarantees where a bank agrees to pay a specific amount of
money to a person if one of the bank’s customers defaults on a payment
or obligation to that person.
Lessons
Introduction
Configure letters of credit
Configure letters of guarantee
Module summary
You will understand bank letters and letters of credit and guarantee
FAQs
General Questions:
Q: What is the Microsoft Dynamics 365 for Finance and Operations, Financials course about?
A: This 4-day course provides training on configuring and using key financial components in Microsoft Dynamics 365 for Finance and Operations. Topics covered include financial management, currency setup, fiscal calendar configuration, chart of accounts management, ledger and journal setup, and cash and bank management to optimize financial operations and streamline business processes.
Q: Who should attend this course?
A: This course is ideal for financial professionals, ERP and CRM specialists, consultants, system administrators, business analysts, and project managers who are involved in implementing, configuring, or managing financial modules in Microsoft Dynamics 365 for Finance and Operations.
Q: What are the prerequisites for this course?
A: Participants should have a basic understanding of ERP and CRM concepts. Prior experience with IT systems and financial operations is beneficial.
Q: How long is the course?
A: The course duration is 4 days.
Q: What key topics are covered in this course?
Key topics include:
Financial management and its benefits in Dynamics 365
Configuring currencies, legal entities, and exchange rates
Creating fiscal calendars, years, and periods
Setting up and managing the chart of accounts
Configuring ledgers, journals, and financial dimensions
Cash and bank management, including transaction types and cash flow forecasting
Q: Will I receive a certification after completing the course?
A: While the course provides valuable skills for managing financial operations in Microsoft Dynamics 365, it does not include a certification exam. A certificate of completion may be provided by the training provider.
Program Content & Skills:
Q: What skills will I gain from the Microsoft Dynamics 365 for Finance and Operations, Financials course?
A: You will gain hands-on skills in configuring and managing essential financial components in Dynamics 365 for Finance and Operations, including financial management, currency setup, fiscal calendar configuration, chart of accounts management, ledger and journal setup, and cash and bank management.
Q: Will I learn how to optimize financial operations in this course?
A: Yes, the course covers techniques for optimizing financial management, such as configuring fiscal calendars, setting up financial dimensions, managing the chart of accounts, and automating ledger and journal processes for more efficient financial operations.
Q: Can I learn how to manage financial transactions and accounts in this course?
A: Yes, the course provides comprehensive training on managing financial transactions, including setting up ledgers and journals, configuring main accounts, managing fiscal periods, and handling currency exchange rates.
Q: Is the installation and configuration of financial management features covered in the course?
A: Yes, the course includes detailed coverage of configuring financial management features in Dynamics 365 for Finance and Operations, such as setting up the chart of accounts, configuring currency settings, managing fiscal calendars, and customizing ledger and journal processes.
Q: Will I be able to apply Dynamics 365 for Finance and Operations skills in real-world scenarios after the course?
A: Yes, the course is designed to provide practical, real-world skills for managing financial operations using Microsoft Dynamics 365. After completing the course, you will be proficient in configuring financial components, managing financial transactions, and optimizing financial processes in a professional environment.
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