What You'll Learn

  • Implement financial management (40–45%)
  • Implement accounts receivable
  • credit
  • collections
  • and subscription billing (15–20%)
  • Implement and manage accounts payable and expenses (10–15%)
  • Manage budgeting (10–15%)
  • Manage fixed assets (10–15%)

Requirements

  • As a candidate for this exam
  • you specialize in one or more feature sets of Dynamics 365 Finance

Description

Skills at a glance

  • Implement financial management (40–45%)

  • Implement accounts receivable, credit, collections, and subscription billing (15–20%)

  • Implement and manage accounts payable and expenses (10–15%)

  • Manage budgeting (10–15%)

  • Manage fixed assets (10–15%)

Implement financial management (40–45%)

Design and configure the chart of accounts

  • Design and configure financial dimensions

  • Design and configure the chart of accounts and main accounts

  • Configure main accounts categories, ledger account aliases, and balance control accounts

  • Configure legal entity overrides for financial dimensions and main accounts

  • Configure and manage account structures and advanced rules

  • Design and configure financial tags

  • Configure derived dimensions and financial dimension default templates

Configure ledgers and currencies

  • Configure batch transfer rules

  • Configure currency exchange types and rates

  • Configure a currency revaluation posting profile

  • Configure and import exchange rates by using the exchange rate provider

  • Configure accounting and reporting currencies

Implement and manage journals

  • Configure journal names and vouchers

  • Configure journal controls and posting restriction rules

  • Implement journal workflow approvals

  • Configure and use periodic journals

  • Configure and apply accrual schemes

  • Configure intercompany accounting

  • Create templates to edit journals in Microsoft Excel

  • Reverse financial transaction entries

  • Configure default descriptions

  • Create and use journal entries, including validation and posting

  • Configure batch processing of journals

Implement and manage cash and bank

  • Create and manage bank groups and bank accounts

  • Configure payment formats

  • Configure bank reconciliations, including advanced bank reconciliations

  • Configure the cash flow forecast setup, including automation setup

  • Perform bank foreign currency revaluation

  • Process manual and advanced bank reconciliations

  • Configure shared payment setup for customers and vendors

Perform periodic processes

  • Design and configure periodic closing processes and end-of-year processes, including main accounts and templates

  • Perform financial consolidation and elimination processes by using Consolidation online

  • Create and manage financial reports, including modifying row, column, and report definitions, and reporting trees

  • Design and configure financial period workspaces and closing schedules

  • Design and configure legal entity for consolidation and elimination by using Consolidation online

  • Design consolidation and elimination by using financial reports

  • Configure and process ledger settlements

  • Perform general ledger foreign currency revaluation

  • Manage the ledger calendar

Configure, collect, and report taxes

  • Configure tax groups, tax codes, settlement periods, and authorities

  • Configure tax ledger posting groups

  • Settle and post sales tax

  • Configure withholding tax groups, tax codes, and authorities

Implement accounts receivable, credit, collections, and subscription billing (15–20%)

Implement and manage accounts receivable

  • Configure customers and customer groups, including configuring shared customers

  • Configure and process free text invoices, including recurring free text invoices

  • Process sales order invoices and credit memos

  • Configure customer payment methods

  • Configure accounts receivable charges and apply changes to an invoice

  • Manage customer holds

  • Configure customer posting profiles

  • Process customer payments

  • Configure customer change approvals

  • Perform accounts receivable foreign currency revaluation

  • Configure and use billing classification

  • Configure batch processing of free text and sales order invoicing

  • Configure bank accounts for customers

Manage credit and collections

  • Configure credit management processes

  • Configure collections management processes, including collection activities

  • Manage delinquent customers

  • Prepare and send customer account statements

  • Configure and process collection letters

  • Configure aging definitions and process aged balances

  • Process and manage credit holds

  • Configure and use customer write-offs

  • Configure and process interest notes

Configure and manage subscription billing

  • Generate sales documents by using billing schedules

  • Manage billing schedules, including price update and hold termination

  • Configure contract billing, including billing schedule group, item group, and milestone setup

  • Configure and use revenue deferrals and recognition, including for charges, deferral defaults, and items deferred by default

  • Configure and use expense deferrals and recognition

  • Process and manage revenue and expense recognition schedules

Implement and manage accounts payable and expenses (10–15%)

Implement and manage accounts payable

  • Configure invoice validation policies and invoice matching setup

  • Configure vendor groups, vendors, and vendor posting profiles, including configuring shared vendors

  • Process purchase order invoices and credit memos, including prepayments

  • Configure vendor payment methods

  • Configure accounts payable charges, and apply changes to an invoice

  • Configure bank accounts and bank account approvals for vendors

  • Configure vendor change approvals

  • Perform accounts payable foreign currency revaluation

  • Configure vendor invoice automation

  • Process the vendor invoice journal including voyage cost

  • Configure and use recurring vendor invoices

  • Process and generate vendor payments, centralized payments, and prepayments

  • Manage vendor holds and inactivation

Configure and use expense management

  • Configure expense management including categories, per diem options, mileage expenses, intercompany expenses, and personal expenses

  • Create and manage expense reports

Manage budgeting (10–15%)

Implement basic budgeting

  • Configure budgeting components, including budget models, codes, allocation terms, and transfer rules

  • Create and manage budget register entries

  • Compare budgeted values with actual values

Configure and manage budget controls

  • Configure budget controls including budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions

  • Perform budget checks on documents and journals

  • Configure budget cycle time spans

  • Activate or deactivate budget control configurations

Manage fixed assets (10–15%)

Implement and manage fixed assets

  • Create and manage fixed asset groups and other fixed asset attributes

  • Configure fixed asset posting profiles

  • Configure fixed asset parameters

  • Configure fixed asset books

  • Configure depreciation profiles

  • Create and manage fixed asset

  • Configure mapping for fixed asset groups and books

Process fixed asset transactions

  • Process fixed asset disposal (sales) by using free text invoices

  • Process fixed asset acquisitions by using purchase orders, journals, inventory journals, and projects

  • Create fixed asset budgets and transfer the budgets to the budgeting module

  • Process fixed asset depreciation

  • Process fixed asset disposals and other transactions by using the fixed asset journal

  • Process fixed asset split, reclassification, and transfer

  • Process acquisition and depreciation for derived books


Who this course is for:

  • As a candidate for this exam
  • you analyze business requirements and translate them into fully realized business processes and solutions that implement industry-recommended practices.
MB-310: Dynamics 365 Finance Functional Consultant - May2025

Course Includes:

  • Price: FREE
  • Enrolled: 1115 students
  • Language: English
  • Certificate: Yes
  • Difficulty: Beginner
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