- Basic understanding of ERP and CRM concepts.
- A Dynamics 365 for Finance and Operations Functional Consultant is responsible for performing discovery, capturing requirements, engaging subject matter experts and stakeholders, translating requirements, and configuring the solution and applications. The Functional Consultant implements a solution using out of the box capabilities, codeless extensibility, application, and service integrations.
Organizations use Dynamics 365 for Finance and Operations to elevate their financial performance by increasing profitability, optimizing workforce productivity, reducing operational expenses, adapting quickly to requirement changes, and streamlining asset management. This course discusses how to configure and use budgeting, fixed assets, and additional functionality in Dynamics 365 for Finance and Operations.
- Lectures 38
- Quizzes 0
- Duration 12 hours
- Skill level Beginner
- Language English
- Students 54
- Assessments Yes
Module 1: Configure Post-Dated Checks
Post-dated 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. Microsoft Dynamics 365 for Finance and Operations supports the full management cycle for post-dated checks in both Accounts receivable and Accounts payable. This topic explains how to set up and process post-dated checks.
Module 2: Configure and Use Basic Budgeting and Budget Control Processes
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 the how to configure and use basic budgeting and budget control.
Module 3: Configure and Use Budget Planning Processes
With budget planning functionality one can consolidate 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 allows a budget planner to aggregate other plans into a high level or corporate plan for budgeting. One can also take the top down approach, which requires developing a single budget plan at a higher level of the organization and allocating the budget to lower levels of the organization. Use this method when historical financial transactions of the company are relied upon, 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 final step of the budget planning, generates the budget register entry based on the budget plan. An organization can configure budget planning, and then set up budget planning collaborative processes to meet its policies, procedures, and requirements for budget preparation. This module explains how to configure and test Budget planning processes.
Module 4: Configure Fixed Assets Management
This module starts with explaining fixed assets concepts and then shows students how to configure and use the Fixed assets module in Dynamics 365 for Finance and Operations.
Module 5: Manage Fixed Assets
To record fixed asset transactions using journals, one must create at least one journal name using the journal type Post fixed assets in the setup of the General ledger module. If budgets for fixed assets are required, one must also create a journal name that uses the journal type Fixed asset budget. This module explains how to process and manage fixed assets.
Module 6: Configure and Use Cost Accounting
Cost accounting lets you collect data from various sources, such as the general ledger, sub-ledgers, budgets, and statistical information. One 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. The source data that is used for cost analysis is treated independently in Cost accounting. Therefore, updates in Cost accounting don’t affect the source data.
Module 7: Configure and Use Periodic Processes
In General ledger, closing procedures can be completed for a period or a year. Closing processes prepare the system for a new period. There are many tasks such as preparing filings, inventory closing, consolidation, and many more needs to be completed first. To prepare the system for a new year, the year-end close process must be run. Each organization has different processes and steps that it performs for the end of a period.
Module 8: Configure the Electronic Reporting Framework
Generic Electronic Reporting (GER) or simply Electronic Reporting (ER) is a configurable tool for regulatory reporting, payments, and electronic invoicing. The ER engine is targeted at business users instead of developers. Because formats are configured instead of code, the processes for creating and adjusting formats for electronic documents are faster and easier. ER currently supports the TEXT, XML, PDF, Microsoft Word document, and OPENXML worksheet formats. However, an extension interface provides support for additional formats.
Module 9: Configure Localized Features
Dynamics 365 for Finance and Operations includes functionality for the countries and regions documented in the Product localization and translation availability guide. This module explains how to configure some examples of regional features in Finance and Operations. Please read the information on the Localization and regulatory features page to stay updated with the regional functionality of Finance and Operations for all countries/regions.
Module 10: Configure Financial Management for Public Sector
The Public Sector, also referred to as the state and local sector, is predominantly a services industry managing the welfare of its citizens. The Public Sector industry includes organizations in the fields of municipalities, education, healthcare, public safety, public works and infrastructure, national defense, taxation, and various social programs.