5 half days – 20 hours in total

About This Course

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 Profile
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
Prior knowledge of Microsoft Dynamics 365 Fundamentals.

At Course Completion
After completing this course students will be able to:
• Understand and perform financial duties in Dynamics 365 Finance
Course Agenda
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

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

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 ca lendars for each legal
entity. The fiscal year in Finance and Operations can be set to any length and
divided into any number of periods.

Lessons
• Introduction
• Create fiscal calendars, years and periods
• Create date intervals
• Practice lab
• Module summary

Module 4: Configure Chart of Accounts

A chart of accounts is a set of main accounts in Finance and Operations that
captures financial information upon posting a journal. Each account is
assigned an account number as a unique identifier.

Lessons
• Introduction
• Define and configure the chart of accounts
• Define and configure the financial dimensions
 • Define and configure account structures and rules
• Practice labs
• Module summary

Identify the required components for the 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
• Configure account structures and advanced rules.

Module 5: Configure Ledger and Journals

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 rol e 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

Understand different types of journals and their setup.

• Know how to configure ledger and posting setup.
• Know how to configure and use journals.

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

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

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

Module 9: Perform Daily Procedures

Every manual posting entered in Finance and Operations is entered through a
journal. A journal is a type of worksheet where entries do not post immediate ly.
You can review, change, and verify completed journals until they are ready for
posting. A voucher template is a voucher that can be used as the basis for
future vouchers in other journal entries. You can use voucher templates with a
general journal or any of the financial sub ledger journals such as Accounts
payable and Accounts receivable journals. You can set up restrictions on the
company, account type, and segment values.

Lessons
• Learn about general ledger processes
• Create voucher templates
• Setup journal controls
• Practice Lab
• Module summary

Module 10: Intercompany Accounting

Intercompany accounting can help organizations by providing a single -entry
point for transactions that must be recorded to multiple companies. Making
transactions from a single company saves data entry time and helps provide a
guarantee that transactions affecting multiple companies are recorded in each
company. Finance and Operations also helps trace the intercompany entries
through the system. It has the functionality that is required by most companies
that process intercompany transactions. This includes the ability to efficiently
record intercompany sales orders, purchase orders, and cash disbursements.

Lessons
• Setup and use intercompany accounting
• Practice Lab
• Module Summary

Module 11: Configure Ledger Allocations and Accruals

Finance and Operations provides the capabilities to support accrual schemes.

Lessons
• Introduction
• Configure and apply accrual schemes
• Configure ledger allocation rules
• Practice labs
• Module summary

Module 12: Configure Sales Tax

The requirements for tax calculation and tax reporting differ significantly for
different countries or regions. Therefore, the Tax module of Dynamics 365 for
Finance and Operations is extremely comprehensive.

Lessons
• Understand tax engine components
• Practice lab
• Module summary
Module 13: Configure Accounts Payable
Dynamics 365 for Finance and Operations offers extensive functionality for
setting up different vendor payment options.

Lessons
• Understand Task recorder functionality
• Configure accounts payable parameters
• Create and maintain vendors
• Configure accounts payable charges
• Configure and use positive pay
• Practice Lab
• Module Summary

Configure accounts payable components.

• Create and maintain a vendor.
• Configure vendor payments.
• Set up vendor posting profiles.
• Configure accounts payable charges.

Module 14: Perform Accounts Payable Daily Procedures

Purchasing goods for resale or as materials for manufacturing or services is a
large responsibility. Tracking those purchases and paying the vendors that
supply the goods is just as challenging. Organizations must monitor accounts
payable closely and implement procedures so management can easily obtain
the financial information that they need to have to stay informed about changes
in the costs of goods. To give an accurate view of the financial condition of the
business, all expenses that affect net profit are included in accounts payable.
This module explains how to manage and apply prepayments, record invoices,
and process payments.

Lessons
• Introduction
• Process orders, invoices, and payments
• Manage and apply prepayments
• Practice Labs
• Module summary

Module 15: Use Accounting Distribution and Invoice Validations

This module explains how to settle transactions and undo settlement and
distribute funds by using accounting distributions. You will also learn how to
perform invoice matching. Accounting distributions are used to define how an
amount will be accounted for, such as how the expense, tax, or charges will be
accounted for on a vendor invoice. Every amount that must be accounted for
when the vendor invoice is journalized will have one or more accounting
distributions.

Lessons
• Introduction
• Settle transaction and undo settlements
• Distribute funds
 • Configure invoice validation policies
• Practice labs
• Module summary

Settle transactions and undo settlements.

• Distribute funds by using accounting distributions.
• Configure invoice validation policies.

Module 16: Configure Accounts Receivable

You need to configure the Accounts receivable module to be able to create
customer invoices, posting packing slips and use free text invoices that are not
related to sales orders and finally receive payments by using several different
payment types such as cash, checks, credit cards, and electronic payments
from your customers. This module provides information about the configuration
of essential components of the Accounts receivable module and the customer
setup for efficient management of customers and customer transactions in
Finance and Operations.

Lessons
• Configure accounts receivable
• Create and maintain customers
• Setup customer posting profiles
• Configure accounts receivable charges
• Practice Lab
• Module summary

Configure Accounts receivable components

• Create and maintain a customer
• Configure customer payments.
• Set up customer posting profiles
• Configure accounts receivable charges

Module 17: Perform Accounts Receivable Daily Procedures

Learn how to create free text invoices, and receive payments from customers
and deposit to the bank. You also learn how to refund a customer for the over
payment amount or any other reasons like custom er returns scenario which
you need to refund the customer not only the payment but also the tax that has
been collected, using reversals and use transaction reversals in Accounts
receivable. You also learn how to distribute funds by using Accounting
distributions in a free text invoice.

Lessons
• Create free text invoices and record customer payments
• Settle transactions and undo settlement
• Practice Lab
• Module summary

Distribute funds by using Accounting distributions

• Create free text invoices, and record customer payments
• Configure Recurring invoices
 • Use reversals in Accounts receivable
• Process orders, record invoices, and process payments

Module 18: Configure Credit and Collections

Although most customers pay their invoices on time, you need to be able to
process invoices that are not paid by their due date. This topic explains how to
manage delinquent customers by configuring the Credit and collections module
in Dynamics 365 for Finance and Operations. To use the Credi t and collections
module, you should already have completed the configuration of accounts
receivable.

Lessons
• Introduction
• Configure credit and collections components
• Setup and manage interest
• Waive, reinstate or reverse
• Setup and manage collection letters
• Practice Lab
• Module Summary

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.

Module 19: Process Credit and Collections

Although most customers pay their invoices on time, you mu st be able to
process invoices that are not paid by their due date. This topic explains how to
process Credit and collections.

Lessons
• Introduction
• Understand how to process collections
• Manage customer credit and collections
• Practice Labs
• Module Summary

Customer Statements
• How to process collection

Module 20: Configure PostDated Checks

Postdated checks are checks that are issued to make and receive payments
on a future date. Therefore, the check can't be cashed until the specified date.
Microsoft Dynamics 365 for Finance and Operations supports the full
management cycle for post-dated checks in both Accounts receivable and
Accounts payable. This topic explains how to set up and process post -dated
checks.

Lessons
 • Introduction
• Manage post dated checks
• Practice Labs
• Module Summary

Process post-dated checks

• Set up postdated checks
• Register and post a postdated check for a customer
• Settle a postdated check from a customer
• Register and post a postdated check for a vendor
• Settle a postddated check for a vendor

Module 21: Configure and Use Basic Budgeting and Budget

Control Processes
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. This module
provides information about the how to configure and use basic budgeting and
budget control.

Lessons
• Introduction
• Configure basic budgeting components
• Configure budget control components
• Create and test budget registry entries
• Use inquiries and reports
• Practice Labs
• Module summary

Configure basic budgeting components

• Configure budget control components
• Use inquires and reports
• Create and use budget registry entries

Module 22: Configure and Use Budget Planning Processes

With budget planning functionality you can consolidate multiple budget plans
from a lower level into a single parent budget plan at a higher level in the
organization. This is called bottom up approach budget planning which allows
a budget planner to aggregate other plans into a high level or corporate plan
for budgeting. You can also take the top down approach which requires
developing a single budget plan at a higher level of the organization and
allocate the budget to lower levels of the organization. Use this method when
you rely on historical financial transactions of your company and create a
centralized plan which can be allocated throughout different operating units
defined by an organization hierarchy with Budget planning purpose. The
budget planner as a final step of the budget planning, generates the budget
register entry based on budget plan. An organization can configure budget
planning, and then set up budget planning collaborative processes to meet its
policies, procedures, and requirements for budget preparation. This topic
explains how to configure and test Budget planning processes.
Lessons
• Introduction
• Configure budget plannign components
• Practice Lab
• Module summary

Configure Budget planning components

• Create a budget plan template
• Configure budgeting processes
• Create a budget plan by using the budget plan wizard

Module 23: Configure Fixed Assets Management

This module starts with explaining fixed assets concepts and then shows you
how to configure and use the Fixed assets module in Dynamics 365 for
Finance and Operations.

Lessons
• Introduction
• Configure fixed asset components
• Enable fixed asset integration
• Create fixed assets
• Practice labs
• Module summary

Configure fixed assets components

• Configure fixed asset parameters
• Enable fixed asset integration with purchasing
• Create fixed assets

Module 24: Manage Fixed Assets

To record fixed asset transactions using journals, you must create at least one
journal name using the journal type Post fixed assets in the setup of the
General ledger module. If budgets for fixed assets are required, you must also
create a journal name that uses the journal type Fixed asset budget. This
module explains how to process and manage fixed assets.

Lessons
• Introduction
• Perform fixed assets tasks
• Practice labs
• Module summary

Perform fixed asset acquisition

• Perform fixed asset depreciation
• Perform fixed asset disposal

Module 25: Configure and Use Cost Accounting

Cost accounting lets you collect data from various sources, such as the
general ledger, sub-ledgers, budgets, and statistical information. You can then
analyze, summarize, and evaluate cost data, so that management can make
the best possible decisions for price updates, budgets, cost control, and so on.
The source data that is used for cost analysis is treated independently in Cost
accounting. Therefore, updates in Cost accounting don’t affect the source data.

Lessons
• Introduction
• Cost control workspace
• Practice lab
• Module summary

Cost control workspace

• How to create a cost accounting report by using the Cost accounting Get
started wizard

Module 26: Configure and Use Periodic Processes

In General ledger, you can complete closing procedures for a period or a year.
Closing processes prepare the system for a new period. There are many tasks
such as preparing filings, inventory closing, consolidation and many more
needs to be completed first. To prepare the system for a new year, you must
run the year end close process. Each organization has different processes and
steps that it performs for the end of a period.

Lessons
• Introduction
• Bank reconciliations
• Configure financial period close
• Prepare periodic filings
• Run foreign currency revaluation processes
• Perform financial consolidations
• Process end of year close
• Practice Labs
• Module summary

Configure financial period close

• Reconcile banks
• Perform periodic closing, and year closing processes
• Prepare periodic filings
• Configure and test Vendor 1099s process
• Run foreign currency revaluation processes
• Perform financial consolidation and elimination processes
• Use financial reports to create financial statements
• Process end of year tax reporting

Module 27: Configure the Electronic Reporting Framework

Generic Electronic Reporting (GER) or simply Electronic Reporting (ER) is a
configurable tool for regulatory reporting, payments and electronic invoicing.
The ER engine is targeted at business users instead of developers. Because
you configure formats instead of code, the processes for creating and adjusting
formats for electronic documents are faster and easier. ER currently supports
the TEXT, XML, PDF, Microsoft Word document, and OPENXML worksheet
formats. However, an extension interface provides support for additional
formats.

Lessons
• Introduction
• Configure electronic reporting
• Formula designer in electronic reporting
• Practice Lab
• Module summary

Configure Electronic Reporting (ER)

• Create Electronic reporting (ER) configurations
• Perform periodic closing, and year closing processes
• Formula designer in Electronic reporting (ER)

Module 28: Configure Localized Features

Dynamics 365 for Finance and Operations includes functionality for the
countries and regions documented in the Product localization and translation
availability guide. This module explains how to configure some examples of
regional features in Finance and Operations. Please read the information on
the Localization and regulatory features page to stay updated with the regional
functionality of Finance and Operations for all countries/regions.

Lessons
• Introduction
• Localization and regulatory features
• Classification of Mexican localization features
• Understand the global tax engine
• Understand the features of fiscal establishments and documents for
Brazilian localization
• Bill of Exchange
• Electronic Invoices
• Practice Labs
• Module summary

Localization and regulatory features

• Classification of localization features
• How to apply country and region context
• How to configure and demo the features of Fiscal Establishments, and
Fiscal Documents for Brazil

Module 29: Configure Financial Management for Public Sector

The Public Sector, also referred to as the state and local sector, is
predominantly a services industry managing the welfare of its citizens. The
public sector industry includes organizations in the fields of municipalities,
education, healthcare, public safety, public works and infrastructure, national
defense, taxation, and various social programs.

Lessons
 • Introduction
• Setup funds for the public sector
• Setup derived financial hierarchies
• Configure billing codes for free text invoices
• Practice Labs
• Module summary

Set up funds for the public sector

• Understand bank reconciliation methods
• Set up derived dimensions
• Set up derived financial hierarchies for the public sector
• Advanced ledger entries functionality for Public sector
• Configure billing codes for free text invoices

Module 30: Course Conclusion

Final assessment and course summary, as well as a post-course survey for the
course.

Lessons
• Final assessment
• Course summary
• Post-course survey

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