Description

This training program consist the financial features of Dynamics 365, utilize and configure essential financial components, accounts receivable, accounts payable, budgeting, collections, fixed assets, and additional functionality

 

Radiant Teachlearning offers Microsoft Dynamics 365 Finance Training Program in Classroom and Virtual instructor Led/Online mode.

 

Duration: 4 day

 

Learning Objectives

After completing this training program professionals will be able to:

  • Acknowledge and perform financial duties in Dynamics 365 Finance

Pre-requisite

Basic accounting skills

  • Core competencies in Dynamics 365 Core

 

Audience Profile

Responsibility for capturing requirements, performing discovery, engaging subject matter experts and stakeholders, translating requirements, and configuring the solution and applications taken by Dynamics 365 Operations and Finance Functional Consultant. The Functional Consultant execute a solution utilizing divergent thinking capabilities, codeless extensibility, application and service integrations.

Course Content

Lesson 1: Financial Management

In this lesson professionals will learn some of advantages of financial management of Dynamics 365 for Operations and Finance.

Lessons

  • Advantages of financial management
  • Financial management
  • Lesson summary

Professionals became familiar with lessons in Operations and Finance related to financial management and their

 

Lesson 2: Configure Currencies

One of the first and most essential steps of executing financial management in Dynamics 365 for Operations and Finance is currency setup. Currency setup is a required step in the configuration of the system and is utilized to record financial transactions. This lesson explains currency management in Operations and Finance.

Lessons

  • Introduction
  • Setup legal entity currencies and conversions
  • Configure and import currency exchange rates
  • Practice lab
  • Lesson summary

Professionals now learned about different types of currencies in Operations and Finance. professionals are also fam

 

Lesson 3: Create Fiscal Calendars, Years and Periods

Before posting transactions, a new fiscal year must be split into periods. Since transactions cannot post unless a period is created for the posting date and shared across multiple legal entities. A advantage of sharing fiscal calendars is that this supports multiple fiscal calendars for each legal entity. The fiscal year in Operations and Finance can be set to any length and split into any number of periods.

Lessons

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

In this lesson, professionals learned way to: differentiate between ledger and fiscal calendars, configure and

 

Lesson 4: Configure Chart of Accounts

A chart of accounts is a set of main accounts in Operations and Finance 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
  • Lesson 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, categories, templates, main accounts, ledger account alias, and balance
  • Configure account structures and advanced rules.

Lesson 5: Configure Ledger and Journals

A journal is a worksheet that professionals can use before professionals manually enter postings into the system. When professionals set them up correctly, journals allow professionals to quickly and efficiently manage posting. To use a journal, professionals must have a journal name, and should complete the configuration of the ledger, journal, and posting of the General ledger lesson. By utilizing the General ledger journal via the General ledger processing workspace or directly, professionals can perform daily activities as someone who is assigned proper security role to access the General ledger. A journal name gives financial leaders the ability to control and manage 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
  • Lesson summary

Acknowledge different types of journals and their setup.

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

 

Lesson 6: Configure Cash and Bank Management

In Dynamics 365 for Operations and Finance, organizations use the Cash and bank management lesson to create and maintain bank accounts. The Bank account table consist a record for each bank account. Each record consist bank account information, such as the following: – Registration number and account number – Address – Other contact information – Currency – Check setup – Main account for posting Operations and Finance 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
  • Lesson 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.

 

Lesson 7: Use Cash and Bank Management

This lesson covers the main procedures in the Cash and bank management lesson in Operations and Finance. professionals learn way to work with cash and bank management workspaces such as Bank management and Cash overviews. professionals also learned about the procedures and processes for cash and bank management, like way to make deposits and cancel payments (deposits). Operations and Finance provides functionality to manage check payments, as well as procedures for resolving special situations with checks. professionals can delete, refund, and void checks, in addition to generating and issuing checks according to company specifications. Since Operations and Finance records each and every 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
  • Lesson summary

Work with cash and bank management processes.

  • Use cash and bank management workspaces.
  • Make deposits.
  • Cancel payments.

 

Lesson 8: Configure Letters of Credit and Guarantees

Professionals now have learned what are the bank letters and way 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
  • Lesson summary

Professionals will acknowledge bank letters and letters of credit and guarantee.

 

Lesson 9: Perform Daily Procedures

Every manual posting entered in Operations and Finance is entered through a journal. A journal is a type of worksheet in which entries do not post immediately. Professionals can review, change, and verify completed journals until they are ready for posting. A voucher template is a voucher that can be utilized as the fundamental for future vouchers in other journal entries. Professionals can use voucher templates with a general journal or any of the financial sub ledger journals such as Accounts payable and Accounts receivable journals. professionals 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
  • Lesson summary

Professionals have now learned way to process daily activities in general ledger and use journal control to ap

  • Professionals worked with the balance control accounts for the purpose to view the balances of either banks or liquidity accounts.
  • Professionals learned way to advantage from voucher templates for Amount, which is simply copying the exact amou

 

Lesson 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. Operations and Finance also helps trace the intercompany entries through the system. It has the functionality that is required by most companies that process intercompany transactions. This consist the ability to efficiently record intercompany sales orders, purchase orders, and cash disbursements.

Lessons

  • Setup and use intercompany accounting
  • Practice Lab
  • Lesson Summary

Professionals will be able to set up and use intercompany accounting.

 

Lesson 11: Configure Ledger Allocations and Accruals

Operations and Finance provides the capabilities to support accrual schemes.

Lessons

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

Professionals will have learned way to configure and use allocation rules, and way to configure and use accrua

 

Lesson 12: Configure Sales Tax

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

Lessons

  • Acknowledge tax engine components
  • Practice lab
  • Lesson summary

Professionals now have learned about country and regional tax reporting capabilities in Operations and Finance

  • configure tax components, such as sales tax authorities, settlement periods, and the sales tax codes
  • sales tax codes is the main component to define tax calculations and connect all other components

 

Lesson 13: Configure Accounts Payable

Dynamics 365 for Operations and Finance offers extensive functionality for setting up different vendor payment options.

Lessons

  • Acknowledge Task recorder functionality
  • Configure accounts payable parameters
  • Create and maintain vendors
  • Configure accounts payable charges
  • Configure and use positive pay
  • Practice Lab
  • Lesson Summary

Configure accounts payable components.

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

 

Lesson 14: Perform Accounts Payable Daily Procedures

Good purchase as materials for manufacturing or for resale or services is a large responsibility. Tracking those purchases and paying the vendors that supply the goods is just as challenging. Organizations must keep eye on accounts unpaid and execute 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 a correct view of the financial condition of business, every expenses that affect net profit are consist in accounts payable. This lesson explains what to manage and apply prepayments, record invoices, and process payments.

Lessons

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

professionals can enter vendor invoices manually or receive them electronically through a data entity

  • professionals can review the invoices utilizing an Invoice approval journal or the Vendor invoice page
  • how professionals can use invoice matching, vendor invoice policies, &workflow to automate the review process
  • Way to handle prepayments to your vendors

 

Lesson 15: Use Accounting Distribution and Invoice Validations

This lesson explains way to settle transactions and undo settlement and distribute funds by utilizing accounting distributions. Professionals will also learn way to perform invoice matching. Accounting distributions are utilized 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 which 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
  • Lesson summary

Settle transactions and undo settlements.

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

 

Lesson 16: Configure Accounts Receivable

Professionals need to configure the Accounts receivable lesson 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 utilizing several different payment types such as cash, checks, credit cards, and electronic payments from your customers. This lesson teaches professionals about configuration of essential components of the lesson Accounts receivable and the customer setup for efficient management of customers and customer transactions in Operations and Finance.

Lessons

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

Configure Accounts receivable components

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

 

Lesson 17: Perform Accounts Receivable Daily Procedures

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

Lessons

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

Distribute funds by utilizing 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

 

Lesson 18: Configure Credit and Collections

Although most customers pay their invoices on time, professionals need to be able to process invoices that are not paid by their due date. This topic explains way to manage delinquent customers by configuring the Credit and collections lesson in Dynamics 365 for Operations and Finance. To use the Credit and collections lesson, professionals 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
  • Lesson 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.

 

Lesson 19: Process Credit and Collections

Although most customers pay their invoices on time, professionals must be able to process invoices that are not paid by their due date. This topic explains way to process Credit and collections.

Lessons

  • Introduction
  • Acknowledge way to process collections
  • Manage customer credit and collections
  • Practice Labs
  • Lesson Summary

Customer Statements

  • Way to process collection

 

Lesson 20: Configure PostDated Checks

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

Lessons

  • Introduction
  • Manage post dated checks
  • Practice Labs
  • Lesson Summary

Process post-dated checks

  • Set up postdated checks
  • Post and register a postdated check for a customer
  • Settle a postdated check from a customer
  • Post and register a postdated check for a vendor
  • Settle a post dated check for a vendor

 

Lesson 21: Configure and Use Basic Budgeting and Budget Control Processes

Organizations, whether it is public or private, sets financial and operational goals by creating budgets. When the budget is set up, management monitors the activities within the budget framework. This lesson provides information about the way 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
  • Lesson summary

Configure basic budgeting components

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

 

Lesson 22: Configure and Use Budget Planning Processes

Professionals With budget planning functionality could murge 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 enable a budget planner to aggregate other plans into a high level or corporate plan for budgeting. professionals 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. Utilize this method when professionals depend 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 end step of the budget planning, generates the budget register entry based on budget plan. An organization could configureplanned budget, and then set up budget planning collaborative processes to meet its policies, procedures, and requirements for budget preparation. This topic explains way to configure and test Budget planning processes.

Lessons

  • Introduction
  • Configure budget plannign components
  • Practice Lab
  • Lesson summary

Configure Budget planning components

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

 

Lesson 23: Configure Fixed Assets Management

This lesson starts with explaining fixed assets concepts and then shows professionals way to configure and use the Fixed assets lesson in Dynamics 365 for Operations and Finance.

Lessons

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

Configure fixed assets components

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

 

Lesson 24: Manage Fixed Assets

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

Lessons

  • Introduction
  • Perform fixed assets tasks
  • Practice labs
  • Lesson summary

Perform fixed asset acquisition

  • Perform fixed asset depreciation
  • Perform fixed asset disposal

 

Lesson 25: Configure and Use Cost Accounting

Cost accounting lets professionals collect data from various sources, such as the general ledger, sub-ledgers, budgets, and statistical information. Professionals can summarize and analyze, 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 analyze cost is treated independently in Cost accounting. Therefore, updating the Cost accounting has no affect on source data.

Lessons

  • Introduction
  • Cost control workspace
  • Practice lab
  • Lesson summary

Cost control workspace

  • Way to create a cost accounting report by utilizing the Cost accounting Get started wizard

 

Lesson 26: Configure and Use Periodic Processes

In General ledger, professionals can complete closing procedures for a period or a year. System prepare for a new period by closing processes. There are varied tasks for example preparing inventory closing, consolidation and many more needs to be completed first. To prepare the system for a new year, professionals must run the year end close process. Every organization has non-identical 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
  • Lesson 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

 

Lesson 27: Configure the Electronic Reporting Framework

Generic Electronic Reporting or simply Electronic Reporting is a tool for regulatory reporting, payments and electronic invoicing. The ER engine is target on business users rather on developers. Because professionals configure formats instead of code, the processes for creating and adjusting formats for electronic documents are faster and easier. ER supports the XML, PDF, TEXT, OPENXML worksheet formats, and Microsoft Word document. nevertheless, an extension interface provides support for additional formats.

Lessons

  • Introduction
  • Configure electronic reporting
  • Formula designer in electronic reporting
  • Practice Lab
  • Lesson summary

Configure Electronic Reporting (ER)

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

 

Lesson 28: Configure Localized Features

Finance consist functionality and Dynamics 365 Operations for the countries and regions documented in the Product localization and translation availability guide. This lesson explains way to configure some examples of regional features in Operations and Finance. Read the info on the Localization and regulatory features page to stay updated with the regional functionality of Operations and Finance for all countries/regions.

Lessons

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

Localization and regulatory features

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

 

Lesson 29: Configure Financial Management for Public Sector

The Public Sector, also known as the state and local sector, is predominantly a services industry managing the welfare of its citizens. The public sector industry consist 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
  • Lesson summary

Set up funds for the public sector

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

 

Lesson 30: Training program Conclusion

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

Lessons

  • Final assessment
  • Training program summary
  • Post-training program survey

Professionals will have completed the training program.

FAQs

Q: What is the difference between Dynamics AX and Dynamics 365?

 

A: While Dynamics 365 and Dynamics AX are quite similar, Dynamics 365 is a web- and cloud-based system, whereas AX is mainly a desktop-based application, with some web and mobile add-ons.

 

Q: What programming language does Microsoft Dynamics use?

 

A: C/AL (Client/server Application Language) was the programming language used within C/SIDE the Client/Server Integrated Development Environment in Microsoft Dynamics NAV (Formerly known as Navision Attain) and Microsoft Dynamics 365 Business Central up until (and including) version 14.

 

Q: Which is better Salesforce or Microsoft Dynamics?

 

A: Microsoft Dynamics vs Salesforce customer reviews are mostly mixed. Neither tool stands out against the other as a clear winner. Salesforce seems better in terms of task management while limited to sales activities and on the other hand Dynamics offers greater customization and overall management capability.

 

Q: Will I get course completion certificate?

 

A: The course completion certification would be awarded to all the professionals, who have completed the training program and the project assignment given by your instructor. 

You can use the certificate in your future job interviews will surely help you to land in your dream job.

 

Q: What is the infrastructure required to attend your training program?

 

A: To attend the training session you should have an operational Desktops or Laptops with required specification along with good internet connection to access the labs. 

 

Q: What if I miss a class on a particular day?

 

A: We would always recommend you to attend the live session to practice & clarify the doubts instantly and get more value from your investment. However, if due to some contingency if you have to skip the class Radiant Techlearning would help you with the recorded session of that particular day.  However, those recorded sessions are not meant only for personal consumption and NOT for distribution or any commercial use.

 

Q: How I will be accessing the labs?

 

A: Radiant Techlearning has a data center containing the Virtual Training environment for the purpose of participant’s hand-on-practice. 

Participants can easily access these labs over Cloud with the help of remote desktop connection. 

Radiant virtual labs provides you the flexibility to learn from anywhere in the world and in any time zone. 

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