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Accounting Fundamentals and IFRS Essentials

The Microsoft Accounting Fundamentals and IFRS Essentials course equips finance professionals, business users, and ERP beginners with core accounting principles and IFRS compliance skills in Dynamics 365 Finance. It solves the challenge of accurately managing financial reporting in global organizations, where 87% of multinational firms use IFRS for consistency. Learners gain hands-on experience in general ledger, AP/AR, budgeting, and financial controls within a Microsoft Dynamics 365 environment.

This course prepares learners for the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification. With Koenig’s official vendor-authorized courseware and 30-day lab access, professionals build real-world proficiency. Mastering these skills enables seamless financial operations, audit readiness, and career advancement in global finance roles.

32 Hours (4 Days)
Live Online / Classroom
7+ professionals trained

Training Formats & Pricing

1-on-1 USD 1,800
Dedicated instructor, your schedule Fastest
Public Batch USD 1,400
Group class, fixed schedule Most Popular
Self-Paced USD 199
Recorded sessions, learn anytime Best Value

100% Happiness Guarantee · Free Rescheduling · Secure Payment

Course Overview

The Accounting Fundamentals and IFRS Essentials course by Microsoft is designed to equip finance professionals with core competencies in financial management using Dynamics 365 Finance, aligning with the skills assessed in the MB-310: Microsoft Dynamics 365 Finance Functional Consultant certification exam. This course is ideal for business users, functional consultants, and finance analysts who are responsible for managing general ledger, accounts payable and receivable, budgeting, fixed assets, and tax compliance within enterprise environments. With over 5,000 active job postings in North America requiring Dynamics 365 Finance expertise, professionals with these skills are in high demand across industries such as manufacturing, retail, and professional services, particularly within Microsoft partner organizations like Deloitte, Accenture, and EY.

Participants will gain hands-on experience with key Microsoft technologies including Dynamics 365 Finance, Power Platform integration, Azure-based reporting tools, and the Microsoft 365 productivity suite. Through guided labs in the Dynamics 365 Finance sandbox environment, students configure financial dimensions, set up chart of accounts, manage intercompany transactions, and implement budget controls. A key project involves building a full financial close process, including month-end journal entries, currency revaluation, and financial statement generation using built-in reporting trees. The course emphasizes real-world application by simulating IFRS-compliant financial reporting scenarios and multi-entity consolidations, ensuring learners are prepared to handle complex financial operations in global organizations.

This course prepares learners for the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate credential, a globally recognized certification that validates expertise in cloud-based financial systems. Certified professionals earn an average salary of $110,000 to $135,000 in the United States, with mid-career consultants commanding up to $161,534 based on experience and project complexity. Koenig Solutions enhances this learning path with Guaranteed-to-Run scheduling, official Microsoft courseware, and access to expert instructors for 1-on-1 doubt resolution, ensuring a seamless path from training to certification. Upon completion, graduates are positioned to advance into roles such as Dynamics 365 Functional Consultant, Financial Systems Analyst, or ERP Project Lead, driving digital transformation in finance across modern enterprises.

What You'll Learn

Configure General Ledger structures within Dynamics 365 Finance to align with IFRS reporting requirements. Execute automated accounts payable and receivable workflows to optimize cash flow management. Reconcile Cash and Bank Management transactions to ensure data integrity across financial modules. Automate fixed asset depreciation schedules in accordance with IFRS 16 standards. Analyze budgetary control configurations to monitor organizational spending against financial targets. Generate consolidated financial statements using Dynamics 365 Finance reporting tools to meet international accounting compliance.

Prerequisites

Recommended knowledge before taking this course
  • Completion of Dynamics 365 Finance Functional Consultant Associate (MB-310) is required to ensure foundational knowledge for this third-party partner course.
  • Basic proficiency in Dynamics 365 Finance (MB-300 level) is necessary to navigate the system modules effectively.
  • Active Microsoft 365 tenant access is required to perform the hands-on configuration exercises included in the curriculum.
  • Foundational understanding of general ledger configuration and chart of accounts setup is essential for the practical application of financial reporting.
  • Working knowledge of cloud-based financial management systems is required to support the digital reporting workflows covered in the training.
  • Experience with Microsoft Power Platform is recommended to facilitate the advanced financial analysis and data visualization components of the program.
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Certification Exam

Everything you need to know about the Accounting Fundamentals and IFRS Essentials certification exam

Exam Details
Exam Name
Accounting Fundamentals and IFRS Essentials
Exam Cost
N/A
Format
Multiple choice, labs & case studies
Questions
Duration
Passing Score
Validity
Retake Policy
N/A
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What's Included in Your Training

Every enrollment comes packed with resources to maximise your learning and exam success

Hands-On Lab

Live Lab Sandbox

Real Environment

Practice in a real lab environment with full access to the tools and services covered in the course.

30+ Guided Labs

30+

Step-by-step lab exercises designed to reinforce each module with practical, hands-on tasks.

Lab Manual Included

Full Guide

Comprehensive lab guide with detailed instructions, screenshots, and troubleshooting tips.

Post-Training Access

30 Days

30 days of extended lab access after your training ends so you can continue practicing.

Career Outcomes

78%

of Accounting Fundamentals and IFRS Essentials certified professionals report career advancement within 6 months

Salary Impact

+16%

Average salary increase reported after obtaining the Accounting Fundamentals and IFRS Essentials certification

Typical Salary Range (Global)
Entry$90,000–$115,000
Mid$115,000–$145,000
Senior$145,000–$180,000

*Source: Glassdoor / LinkedIn 2025

Job Roles

6
  • Certified Bookkeeper
  • Accounting Associate
  • Financial Reporting Analyst
  • Audit Associate
  • Junior Accountant
  • Finance Clerk

Companies Hiring

5,000+
Microsoft Accenture Deloitte Ernst & Young PricewaterhouseCoopers KPMG Grant Thornton RSM BDO Thomson Reuters

and 5,000+ organizations worldwide seeking Accounting Fundamentals and IFRS Essentials certified professionals

Real Transformations

Course Student Reviews

Real results from IT professionals who trained with Koenig — rated 4.9/5 from 18,400+ verified reviews.

18,400+
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    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

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    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
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    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

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    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
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    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

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    AI Engineer

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    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified

Frequently Asked Questions

Everything you need to know about the Accounting Fundamentals and IFRS Essentials training course

Is the certification exam included in the Accounting Fundamentals and IFRS Essentials course fee?
The certification exam is not included in the course fee and requires a separate purchase. The Microsoft Dynamics 365 Fundamentals (MB-920) exam costs $99 USD. You can add an exam voucher as an optional purchase through Koenig Solutions.
Which training formats does Koenig offer for Accounting Fundamentals and IFRS Essentials?
Koenig provides live online instructor-led training, 1-on-1 sessions, classroom training (fee on request), and self-paced Flexi learning. All public schedules for this training, which utilizes Microsoft Dynamics 365 Finance, are Guaranteed-to-Run, ensuring your training proceeds as planned without cancellations due to low enrollment numbers.
How long is lab access provided for the Accounting Fundamentals and IFRS Essentials course?
You receive 30 days of lab access starting from your course date. This provides hands-on practice with Microsoft Dynamics 365 Finance in a secure, cloud-based sandbox. This environment allows you to perform real-world financial operations and reporting tasks aligned with IFRS standards.
What is the Koenig rescheduling and cancellation policy for Accounting Fundamentals and IFRS Essentials?
Koenig allows one free reschedule if requested over 10 days before the start date. Rescheduling within 10 days incurs a 50% fee. Cancellations made within 10 days of the start date are subject to this same 50% fee, and no refunds are issued after the course begins.
What are the exam format, question count, and passing score for the Microsoft Dynamics 365 Fundamentals certification?
The MB-920 exam includes 40–60 questions, featuring multiple-choice and case studies. You have a 45-minute duration with a 65-minute total seat time. The passing score is 700 out of 1,000. The exam is proctored online with no penalty for incorrect answers.
How long is the Accounting Fundamentals and IFRS Essentials certification valid?
The Microsoft Certified: Dynamics 365 Fundamentals certification does not expire and requires no renewal. Unlike role-based credentials that expire annually, this Microsoft certification remains permanently valid. It provides ongoing, verifiable recognition of your foundational knowledge in Microsoft Dynamics 365 Finance and global accounting principles.
What post-training support is included with the Accounting Fundamentals and IFRS Essentials course?
Koenig provides post-training support including recorded session access, 30 days of direct instructor email assistance, and free retakes within six months under our Happiness Guaranteed policy. Learners also receive timely updates regarding new IFRS standards and Microsoft Dynamics 365 feature enhancements.
What prerequisites are required for the Accounting Fundamentals and IFRS Essentials course?
No formal prerequisites are required, though familiarity with basic accounting concepts is helpful. This training is designed for finance professionals, ERP beginners, and business users seeking to master IFRS and Microsoft Dynamics 365 Finance, making it accessible for those with limited experience.
What career growth can I expect after completing Accounting Fundamentals and IFRS Essentials?
This course prepares you for roles like Financial Reporting Accountant or IFRS Consultant, with U.S. salaries ranging from $74,250 to $111,750. According to Robert Half, professionals with Microsoft Dynamics 365 expertise see higher demand and compensation, particularly in multinational and complex financial reporting environments.
Why choose instructor-led training for Accounting Fundamentals and IFRS Essentials over self-study?
Instructor-led training at Koenig includes structured labs, real-time mentorship, and Guaranteed-to-Run scheduling, which drives higher pass rates than self-study. While Flexi learning offers flexibility, live training provides the interactive support necessary for mastering complex IFRS and Microsoft Dynamics 365 Finance concepts effectively.
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