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.

Course dates and course fee may be subjected to changes.

Course Outline

Lesson 1: Get started with Dynamics 365 Finance 

• Benefits of Dynamics 365 Finance
• Overview
• General ledger
• Cash and bank management
• Tax
• Accounts payable
• Accounts receivable
• Credit and collections
• Budgeting
• Fixed assets
• Cost accounting
• Electronic invoicing
• Lab – Explore Dynamics 365 Finance

Lesson 2: Configure currencies in Dynamics 365 Finance 

• Set up currencies and conversions
• Configure and import currency exchange rates
• Lab – Import exchange rates

Lesson 3: Create fiscal calendars, years, and periods in Dynamics 365 Finance 

• Fiscal calendars, fiscal years, and periods
• Create fiscal calendars, years and periods
• Select a fiscal calendar
• Define budget cycle time spans
• Maintain periods for your organization
• Create date intervals
• Lab – Work with the fiscal calendar, year, and periods

Lesson 4: Configure chart of accounts in Dynamics 365 Finance 

• Plan your chart of accounts
• Multiple chart of accounts
• Set up chart of accounts
• Main account categories
• Main account information
• Allocation terms
• Main account validation options
• Main account closing options
• Accounts for automatic transactions
• Define and configure financial dimensions
• Create a custom financial dimension
• Create an entity-backed financial dimension
• Activate and delete financial dimensions
• Default dimension values
• Derived dimensions
• Configure financial dimension templates and sets
• Define and configure account structures and advanced rules
• Ledger account aliases
• Lab – Create a main account category in the chart of accounts, and an advanced rule structure

Lesson 5: Configure ledgers and journals in Dynamics 365 Finance 

• Understand the different types of journals and their setup
• Describe use cases for periodic journals
• Configure ledger and journal setup
• Describe options for implementing vouchers numbers in journals
• Describe and configure journal approvals
• Configure and use journals
• Reverse journal posting
• Set up batch transfer rules
• Lab – configure ledger and journal setup

Lesson 6: Perform general ledger daily procedures in Dynamics 365 Finance 

• Using balance control accounts
• Process a journal entry
• Work with general ledger processes
• Ledger settlements
• Create templates to edit journals in Microsoft Excel
• Create voucher templates
• Set up journal controls
• Exercise – Create and use a voucher template

Lesson 7: Intercompany accounting in Dynamics 365 Finance 

• Set up intercompany accounting
• Post intercompany journals
• Trace an intercompany entry
• Lab – Set up and use intercompany accounting

Lesson 8: Configure ledger allocations and accruals in Dynamics 365 Finance 

• Configure and apply accrual schemes
• Configure ledger allocation rules
• Exercise – Configure and use accrual schemes
• Exercise – Configure and test ledger allocation rules

Lesson 9: Configure and perform periodic processes in Dynamics 365 Finance 

• Set up the Financial period workspace and closing schedule
• Bank reconciliations
• Year-end 1099 reporting
• Run foreign currency revaluation processes
• Process end of year close
• Perform financial consolidations
• Lab – Perform year-end close and a consolidation

Lesson 10: Work with analytics and reporting in finance and operations apps 

• Understand different types of reports and inquiries
• Financial reporting
• Find inquiries and reports
• Generate and consume inquiries and reports
• Configure finance and operations apps for Microsoft Power Platform
• Lab – Work with reports

Lesson 11: Configure cash and bank management in Dynamics 365 Finance 

• Understand bank transaction types and groups
• Set up cash and bank management parameters
• Set up the Single Euro Payments Area (SEPA) direct debit mandate
• Set up International Bank Account Number (IBAN) structures
• Configure banks and bank check layout
• Set bank accounts for customers
• Set up bank accounts for vendors
• Deposit and refund checks
• Understand cash flow forecast and reports
• Configure cash flow forecasting
• Lab – Work with cash and bank management

Lesson 12: Configure taxes in Dynamics 365 Finance 

• Configure ledger posting groups
• Exercise – Set up ledger posting groups for sales tax
• Configure sales tax authorities
• Exercise – Set up sales tax authorities
• Configure sales tax settlement periods
• Create sales tax codes
• Configure sales tax groups and item sales tax groups
• Exercise – Set up sales tax codes and sales tax groups
• Withholding tax
• Sales tax exemption
• Conditional sales tax
• Sales tax on transactions
• Set up sales tax reporting codes
• Exercise – Set up sales tax reporting codes and withholding tax
• Exercise – View posted sales tax transactions
• Prepare periodic filings

Lesson 13: Configure accounts receivable in Dynamics 365 Finance 

• Payment schedule
• Terms of payment and payment days
• Cash discounts
• Payment fees
• Set up the credit card payment service
• Methods of payment and payment control
• Set up a payment calendar and payment calendar rules
• Create and maintain customers
• Set up customer posting profiles
• Configure accounts receivable charges
• Lab – Configure customer posting profiles and create a new customer

Lesson 14: Perform accounts receivable daily procedures in Dynamics 365 Finance 

• Create free text invoices
• Recurring free text invoices
• Create and handle payments of customer invoices for sales orders
• Settle transactions and undo settlements
• Revenue recognition overview
• Define revenue schedules
• Define revenue prices
• Set up bundle items
• Exercise – Create and process a free text invoice
• Exercise – Work with invoices from sales orders
• Exercise – Process an invoice and settle it against a payment

Lesson 15: Configure credit and collections in Dynamics 365 Finance

• Configure accounts receivables for credit and collections
• Configure credit and collections components
• Set up interest rates for an interest code
• Waive, reinstate, or reverse interest fees
• Set up and manage collection letters
• Exercise – Set up credit and collections in Finance
• Exercise – Create a write-off journal for a customer

Lesson 16: Process credit and collections in Dynamics 365 Finance

• Customer account statement
• Working with collections
• Manage customer credit and collections
• Credit management
• Lab – Work with credit and collections

Lesson 17: Configure Accounts payable in Dynamics 365 Finance

• Configure the payment schedule
• Configure terms of payment and payment days
• Configure cash discounts
• Set up payments fees
• Create vendor groups
• Set up accounts payable posting profiles
• Create vendors
• Set up methods of payments for vendors
• Describe and set up electronic payment formats
• Configure accounts payable charges
• Configure and use positive pay
• Lab – Configure accounts payable components

Lesson 18: Perform Accounts payable daily procedures in Dynamics 365 Finance 

• Understand invoice types in Accounts payable
• Understand incoming invoice payments
• Record vendor invoices
• Modify due dates and discount dates
• Work with cash discounts from vendors
• Create vendor payments
• Reverse a vendor payment
• Manage prepayments and prepayment invoices
• Exercise – Record an invoice
• Exercise – Record a vendor invoice that is not associated with a purchase order
• Exercise – Process a vendor payment by using a payment journal

Lesson 19: Work with accounting distributions, invoice validations and settlements in Dynamics 365 Finance

• Settle transactions and undo settlements
• Distribute funds by using accounting distributions
• Configure invoice validation policies
• Three-way matching policies
• Accounts payable invoice matching
• Invoice totals matching
• Two-way, price totals matching
• Two-way, net unit price matching
• Three-way matching
• Vendor invoice workflow
• Charges matching
• Lab – Work with accounting distributions, invoice validations, and settlements

Lesson 20: Get started with Expense management in Dynamics 365 Projects Operations

• Plan expense management
• Intercompany expenses
• Financial management
• Per diems
• Journals and accounts
• Payment methods
• Taxes
• Policies
• Expense categories and shared categories
• Map expense categories to main account

Lesson 21: Set up and configure Expense management in Dynamics 365 Project Operations

• Expense management workspace
• Expense management parameters
• Expense management workflows
• Expense report policies and per diem rules
• Evaluate policies by using Audit workbench cases
• Set up mileage expenses options
• Intercompany expenses
• Personal expenses on an expense reports
• Set up credit card transaction processing and import credit transactions
• Expense receipt processing
• VAT recovery

Lesson 22: Create and process expense reports in Dynamics 365 Project Operations

• Create an expense report
• Intercompany expenses
• Itemize expenses by line
• Distribute an expense
• Add guests
• Attach receipts and documents to an expense reports
• Submit an expense report to a workflow
• Approve an expense report
• Delegate an expense report
• Post an expense report
• Reporting options
• Lab – Create an expense report and submit it to a workflow

Lesson 23: Work with travel requisitions in Dynamics 365 Project Operations

• Create a travel requisition
• Exercise – Create a travel requisition
• Approve a travel requisition
• Create a cash advance
• Update a cash advance

Lesson 24: Configure and use basic budgeting and budget control in Dynamics 365 Finance

• Planning for basic budgeting and budget control
• Budgeting methodologies
• Basic budgeting overview
• Configure basic budgeting
• Use workspaces and inquiry pages to track budget vs. actuals
• Budget control overview
• Configure budget control
• Configure budget control (cont.)
• Create and manage budget register entries
• Use inquiries and reports for budget analysis
• Implement budget register workflow
• Exercise – Configure basic budgeting components
• Exercise – Configure budget control components
• Exercise – Create a budget register entry

Lesson 25: Configure and use budget planning in Dynamics 365 Finance

• Configure budget planning components
• Exercise – Configure budget planning, create, and use a planning process

Lesson 26: Configure fixed assets management in Dynamics 365 Finance

• Fixed assets and current assets
• Accounting for fixed assets
• Relationships between fixed assets components
• Configure fixed assets components
• Derived books
• Enable fixed asset integration
• Fixed asset transaction options
• Demonstration – Create a fixed asset
• Lab – Work with fixed assets

Lesson 27: Manage fixed assets in Dynamics 365 Finance

• Scenario – customer requirements for fixed assets
• Set up and create fixed assets
• Set up acquisitions
• Acquire assets through procurement
• Manual and automatic methods to create fixed assets
• Transfer a fixed asset
• Set up fixed asset groups
• Split a fixed asset
• Update fixed asset information
• Fixed assets roll forward report
• Depreciation
• Dispose and lend fixed assets
• Sell a fixed asset by using a free text invoice
• Dispose of fixed assets as scrap
• Estimate and eliminate a project to a fixed asset
• Asset budgeting
• Lab – Manage fixed assets