MB-310: Microsoft Dynamics 365 Finance

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Summary

  • intermediate
  • dynamics-365
  • dynamics
  • dynamics-finance
  • Candidates for this exam are Functional Consultants who analyze business requirements and translate those requirements into fully-realized business processes and solutions that implement industry best practices. Candidates serve as a key resource in implementing and configuring applications to meet business requirements.Candidates for this exam have a fundamental understanding of accounting principles and financial operations of businesses, customer service, field service, manufacturing, retail, and supply chain management concepts.Candidates for this exam typically specialize in one or more feature sets of Microsoft Dynamics 365 Finance, including finance, manufacturing, and supply chain management.Candidates must have knowledge of basic accounting principles and practices.

Learning paths

5 hr 45 min
Maximize profitability and minimize cost with accurate expense management capabilities in Dynamics 365 Project Operations.

Modules in this learning path

  • Get started with Expense Management in Dynamics 365 Project Operations
    12 Units
    1 hr 8 min

    Learn about the Expense management module in Dynamics 365 Project Operations which allows organizations to track and manage employee expenses.

  • Set up and configure Expense management in Dynamics 365 Project Operations
    11 Units
    1 hr 33 min

    Learn how to set up and configure Expense management in Microsoft Dynamics 365 Project Operations.

  • Create and process expense reports in Dynamics 365 Project Operations
    15 Units
    2 hr 4 min

    Learn how to create and process expense reports in Microsoft Dynamics 365 Project Operations.

  • Work with travel requisitions in Dynamics 365 Project Operations
    8 Units
    1 hr 0 min

    Learn how to work with travel requisitions in Microsoft Dynamics 365 Project Operations.

7 hr 1 min
Configure the Accounts receivable module in Dynamics 365 Finance to create customer invoices, post packing slips, and use free text invoices that are not related to sales orders. In this learning path, you will also learn how to do daily tasks in accounts receivable.

Modules in this learning path

  • Configure accounts receivable in Dynamics 365 Finance
    14 Units
    1 hr 50 min

    You need to configure the Accounts receivable module in Dynamics 365 Finance to create customer invoices, post packing slips, and use free text invoices that are not related to sales orders. This module also explains how to receive payments by using several different payment types such as cash, checks, credit cards, and electronic payments from your customers.

  • Perform accounts receivable daily procedures in Dynamics 365 Finance
    14 Units
    2 hr 22 min

    You can create customer invoices that are based on sales orders or packing slips. You can also enter free text invoices that are not related to sales orders. Additionally, you can receive payments by using several different payment types, which include bills of exchange, cash, checks, credit cards, and electronic payments. If your organization includes multiple legal entities, you can use centralized payments to record payments in a single legal entity on behalf of the other legal entities.

  • Configure credit and collections in Dynamics 365 Finance
    10 Units
    1 hr 28 min

    Although most customers pay their invoices on time, you must be able to process invoices that are not paid by their due date. Accounts receivable collections information is managed in one central view by using the Collections page in Dynamics 365 Finance. Credit and collections managers can use this central view to manage collections.

  • Process credit and collections in Dynamics 365 Finance
    11 Units
    1 hr 21 min

    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 module shows you how Dynamics 365 Finance helps companies to process collections for delinquent customers

56 min
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.

Modules in this learning path

  • Get started with cost accounting in Dynamics 365 Finance
    6 Units
    56 min

    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.

5 hr 50 min
Accounts payable are a liability due to a creditor when you order goods or services without paying in cash up front, which means that you buy goods on credit. Learn how to configure accounts payable in Dynamics 365 Finance, record vendor invoices, and distribute expenses, tax, and charges across accounts.

Modules in this learning path

  • Configure Accounts payable in Dynamics 365 Finance
    14 Units
    1 hr 34 min

    You can enter vendor invoices manually or receive them electronically. In this module you will learn how to configure the Accounts payable module in Dynamics 365 Finance to empower accounts payable staff to perform their daily activities.

  • Perform Accounts payable daily procedures in Dynamics 365 Finance
    14 Units
    1 hr 54 min

    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.

  • Work with accounting distributions, invoice validations and settlements in Dynamics 365 Finance
    17 Units
    2 hr 22 min

    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.

13 hr 25 min
Dynamics 365 Finance empowers business users to control finances and manage funds with accurate information at any time for financial planning and forecasting, and stay up to date with analytics. Since finance is the heart of the business, and the General ledger module is the heart of financial management, this learning path shows you how to set up functionality in the General ledger module. It also covers how to complete closing procedures for a period or a year.

Modules in this learning path

  • Get started with Dynamics 365 Finance
    15 Units
    1 hr 8 min

    Dynamics 365 Finance empowers business users to adapt to rapidly changing business environments. It provides businesses everything they need to control finances and manage funds with accurate information for financial planning and forecasting, and helps them stay up to date with analytics tools. Because finance is the core of any business, it’s important to be acquainted with the capabilities of Dynamics 365 Finance.

  • Configure currencies in Dynamics 365 Finance
    6 Units
    44 min

    In today’s global market, businesses receive and send payments using different currencies. Exchange rates must be managed properly to lower the monetarily loss when accepting multiple currencies. Understanding how to forecast the amount of loss or gain caused by changes in exchange rate values can help you make smart business decisions to handle cash discounts and payments.

  • Create fiscal calendars, years, and periods in Dynamics 365 Finance
    11 Units
    1 hr 9 min

    When you record financial data in Dynamics 365 Finance, you must include the date of the transaction. By using a fiscal calendar and breaking it down into segments of years and periods, you can post or record financial data to a predefined open period.

  • Configure chart of accounts in Dynamics 365 Finance
    22 Units
    2 hr 19 min

    In any Dynamics 365 Finance implementation project, the first step is to configure the General ledger module. All other modules post their related financial transactions into the general ledger. As part of implementing the general ledger, configuring the chart of accounts is the first required step to identify accounts, dimensions, and structures.

  • Configure ledgers and journals in Dynamics 365 Finance
    7 Units
    1 hr 17 min

    In any Dynamics 365 Finance implementation project, the first step is to configure the General ledger module. All other modules post their related financial transactions into the general ledger. The ledger also provides the means for sharing the chart of accounts, currencies, and fiscal calendar by multiple legal entities.

  • Perform general ledger daily procedures in Dynamics 365 Finance
    10 Units
    1 hr 58 min

    Dynamics 365 Finance helps make general journal processing easier and ensures that correct data is captured, and internal control isn’t compromised. Let’s get familiar with the general ledger processes, and then perform daily procedures in General ledger.

  • Intercompany accounting in Dynamics 365 Finance
    7 Units
    1 hr 7 min

    You can use intercompany accounting when accounting processes are centralized for subsidiaries or branch offices. With intercompany accounting, you can create a single entry that posts to multiple companies. Dynamics 365 Finance provides features that help you set up the system, process transactions, and trace intercompany transactions.

  • Configure ledger allocations and accruals in Dynamics 365 Finance
    7 Units
    1 hr 24 min

    Accruals are used in accrual accounting to track revenue that is recognized in the period that it’s earned in, not when payment is received, and to track expenses (costs) that are recognized when they occur, not when payment is made. Allocations are used to distribute amounts across multiple ledger account combinations. They help to ensure that expenses or revenue is charged to the correct object in accounting. By using allocations and accrual features in Dynamics 365 Finance, financial leaders can create rules, configure source and destination, and schedule the task only once, the rest is taken care of by Finance.

  • Configure and perform periodic processes in Dynamics 365 Finance
    10 Units
    2 hr 19 min

    You can complete closing procedures for a period or a year. Closing processes prepare the system for a new period. In this module, you will learn how to prepare, configure, and perform periodic processes in Dynamics 365 Finance.

3 hr 27 min
Every organization, whether it is private or public, sets financial and operational goals by creating budgets. With the collaborative and process-driven nature of budget planning, you can make your budget process more efficient.

Modules in this learning path

  • Configure and use basic budgeting and budget control in Dynamics 365 Finance
    16 Units
    2 hr 47 min

    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 how to configure and use basic budgeting and budget control in Dynamics 365 Finance.

  • Configure and use budget planning in Dynamics 365 Finance
    5 Units
    40 min

    With the collaborative and process-driven nature of the budget planning functionality of Dynamics 365 Finance, you can make your budget process more efficient and include more people in the process, all while reducing the number of files being sent by email and reducing manual entry. Budget planning is a tool that brings improvements over your existing Microsoft Excel-based budgeting solution.

7 hr 22 min
You can use the Cash and bank management module in Dynamics 365 Finance to maintain an organization's bank accounts and the financial instruments that are associated with those bank accounts. All businesses must collect and pay taxes to various tax authorities. In this learning path you will learn how to configure and use these areas of Dynamics 365 Finance.

Modules in this learning path

  • Configure cash and bank management in Dynamics 365 Finance
    14 Units
    1 hr 35 min

    With Cash and bank management in Dynamics 365 Finance, you can record and reconcile financial transactions against the bank statement and identify bank transaction types such as deposits and non-sufficient funds (NSF).

  • Work with cash and bank management in Dynamics 365 Finance
    7 Units
    1 hr 2 min

    You can use the Cash and bank management module in Dynamics 365 Finance to maintain an organization’s bank accounts and the financial instruments that are associated with those bank accounts. These instruments include deposit slips, checks, bills of exchange, and promissory notes. You can also reconcile bank statements and print bank data on standard reports.

  • Configure letters of credit and guarantees in Dynamics 365 Finance
    9 Units
    59 min

    Letters of credit are bank documents that are commonly used for the purchase and sale of goods across international borders. A letter of guarantee is an agreement by a bank (the guarantor) to pay a set amount of money to some person (the beneficiary) if a bank customer (the principal) defaults on a payment or an obligation to the beneficiary.

  • Configure and process postdated checks in Dynamics 365 Finance
    7 Units
    1 hr 2 min

    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. Dynamics 365 Finance supports the full management cycle for postdated checks in both accounts receivable and accounts payable.

  • Configure taxes in Dynamics 365 Finance
    19 Units
    2 hr 44 min

    All businesses must collect and pay taxes to various tax authorities. Different countries or regions have different rules and rates. In some countries or regions, the rules differ between states, counties, or cities. Therefore, the Tax module of Dynamics 365 Finance is comprehensive.

4 hr 29 min
You can set up and enter acquisition information for fixed assets, and then manage them by depreciating them and setting a capitalization threshold. The way in which fixed assets are handled must correspond with both international accounting standards and the accounting legislation in each country or region.

Modules in this learning path

  • Configure fixed assets management in Dynamics 365 Finance
    14 Units
    2 hr 15 min

    The way in which fixed assets are handled must correspond with both international accounting standards and the accounting legislation in each country or 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 in Dynamics 365 Finance incorporates many of these standards and rules.

  • Manage fixed assets in Dynamics 365 Finance
    18 Units
    2 hr 14 min

    You can set up and enter acquisition information for fixed assets, and then manage them by depreciating them and setting a capitalization threshold to determine depreciation. Additionally, you can calculate adjustments to the fixed assets and dispose of them. When you use general ledger together with fixed assets, you can view the current value of all fixed assets.