Introduction:

This training course is designed to provide participants with a comprehensive understanding of financial management within Microsoft Dynamics 365 for Finance and Operations. By covering a wide range of topics, including configuring currencies, managing cash and banks, budget planning, and intercompany accounting, participants will develop the skills required to implement and manage financial processes effectively within their organizations.
The course is suitable for financial professionals, accountants, and IT specialists who aim to deepen their knowledge of the financial modules in Dynamics 365. By the end of the course, participants will be able to configure and utilize the financial features, perform daily financial operations, and ensure compliance with relevant regulations.

Objectives:

  • Mastering Financials with Microsoft Dynamics 365 for Finance and Operations
  • Microsoft Dynamics 365 for Finance and Operations: Financial Management Essentials
  • Unlocking Financial Efficiency with Microsoft Dynamics 365 for Finance and Operations
  • Managing Financials in Microsoft Dynamics 365 for Finance and Operations
  • Microsoft Dynamics 365 for Finance: Financials Module Overview
  • Financial Operations and Reporting in Microsoft Dynamics 365
  • Comprehensive Guide to Financials in Microsoft Dynamics 365 for Finance and Operations
  • Transforming Financial Processes with Microsoft Dynamics 365 for Finance and Operations
  • Microsoft Dynamics 365 for Finance and Operations: Mastering Financials
  • Optimizing Financial Management with Microsoft Dynamics 365 for Finance and Operations.

Course Outline:

Module 1: Financial Management Overview

  • Introduction to financial management in Dynamics 365
  • Navigating the financial modules and user interface

Module 2: Configure Currencies

  • Setting up currency codes and exchange rates
  • Managing currency conversions
  • Currency revaluation processes

Module 3: Fiscal Calendars, Years, and Periods

  • Creating and configuring fiscal calendars
  • Managing fiscal periods and closing processes
  • Setting up financial periods for transactions

Module 4: Configure Chart of Accounts

  • Setting up a chart of accounts structure
  • Defining account categories and subcategories
  • Configuring financial dimensions

Module 5: Configure Ledger and Journals

  • Setting up ledger accounts and journal templates
  • Configuring journal approval processes
  • Performing journal entries and corrections.

Module 6: Configure and Use Cash and Bank Management

  • Setting up bank accounts and payment methods
  • Processing bank reconciliations and cash transactions
  • Managing cash flow forecasting

Module 7: Configure Letters of Credit and Guarantees

  • Configuring and managing letters of credit
  • Setting up guarantees and tracking financial instruments

Module 8: Perform Daily Financial Procedures

  • Managing daily transactions (AP/AR)
  • Processing invoices, payments, and receipts
  • Reconciliation of daily financial data

Module 9: Intercompany Accounting

  • Setting up intercompany transactions and relationships
  • Managing intercompany accounts and eliminations
  • Generating intercompany reports.

Module 10: Configure Ledger Allocations and Accruals

  • Configuring allocation rules and methods
  • Setting up accruals and deferred income
  • Automating allocation processes

Module 11: Configure Sales Tax

  • Setting up sales tax codes and groups
  • Managing tax transactions and reporting
  • Complying with VAT and other tax regulations

Module 12: Configure Post-Dated Checks

  • Setting up and managing post-dated checks
  • Processing and recording post-dated transactions
  • Managing reconciliation and clearing

Module 13: Configure and Use Basic Budgeting and Budget Control Processes

  • Configuring budget control and limits
  • Defining budget planning cycles
  • Managing budget approval processes.

Module 14: Configure and Use Budget Planning Processes

  • Setting up budget planning templates
  • Managing budget distribution and allocation
  • Monitoring budget vs actual performance

Module 15: Configure and Manage Fixed Assets

  • Setting up asset categories and depreciation profiles
  • Processing asset transactions (acquisition, depreciation, disposal)
  • Managing asset reporting and reconciliation

Module 16: Configure and Use Cost Accounting

  • Setting up cost accounting ledgers
  • Managing cost centers and allocation rules
  • Analyzing cost reports for financial decisions

Module 17: Configure and Use Periodic Processes

  • Setting up periodic processing schedules
  • Automating financial closing procedures
  • Managing accruals, allocations, and reconciliations.

Module 18: Configure the Electronic Reporting Framework

  • Setting up electronic reporting for tax and regulatory compliance
  • Customizing financial reports using electronic formats
  • Automating data submission to regulatory authorities

Module 19: Configure Localized Features

  • Understanding and configuring country-specific financial regulations
  • Localized tax and reporting requirements
  • Customizing financial workflows for local markets

Module 20: Configure Financial Management for the Public Sector

  • Setting up public sector-specific financial processes
  • Managing fund accounting and grant management
  • Reporting for public sector compliance.