Microsoft Dynamics 365 Business Central : Introduction to Fixed Asset Course Overview

Last Updated : 26 Aug 2023

Microsoft Dynamics 365 Business Central : Introduction to Fixed Asset Course Overview

The Microsoft Dynamics 365 Business Central: Introduction to Fixed Asset course provides an in-depth look into the management of fixed assets using the D365 Business Central platform. The course is structured into three comprehensive modules.

Module 1: Basic Overview introduces learners to Fixed assets in D365, covering essential concepts and how to analyze asset data through reports and analytics tools. This foundational knowledge sets the stage for more advanced management techniques.

Module 2: Managing Assets delves into the practical aspects of handling fixed assets, including acquisition, maintenance, insurance, and Procedures for asset transfer, splitting, or combining. It also covers the Revaluation of fixed assets, ensuring that learners understand how to keep asset values up-to-date and reflective of their current worth.

Module 3: Disposal of Assets focuses on the end-of-life processes for D365 fixed asset management, such as Depreciation, Amortization, disposal, retirement, and Budget management for assets. It also provides troubleshooting advice for fixed asset ledger entries.

The course prepares learners to effectively manage the entire lifecycle of fixed assets in Dynamics 365, from acquisition to disposal, providing essential skills for professionals overseeing company assets.

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Course Prerequisites

To ensure that you can gain the most from the Microsoft Dynamics 365 Business Central: Introduction to Fixed Asset course, the following are the minimum required prerequisites:

Basic understanding of accounting principles, especially those related to fixed assets such as acquisition, depreciation, and disposal.
Familiarity with Microsoft Dynamics 365 Business Central or a willingness to learn the basics of navigation within the software prior to the course.
Knowledge of general business processes and the role of fixed assets within an organization.
Proficiency in using Microsoft Windows and Office tools, particularly Excel, for reporting and analysis purposes.
An eagerness to learn and apply new skills in the context of a dynamic enterprise resource planning system.

These prerequisites are designed to ensure that you have a foundational understanding which will allow you to actively engage with the course content and apply the learned skills effectively within your role or organization.

Target Audience for Microsoft Dynamics 365 Business Central : Introduction to Fixed Asset

This course offers comprehensive insights into managing fixed assets in Microsoft Dynamics 365 Business Central, ideal for finance professionals.
Target audience for the Microsoft Dynamics 365 Business Central: Introduction to Fixed Asset course:

Financial Controllers
Asset Managers
Accountants
Financial Analysts
ERP Consultants specializing in finance modules
Finance Department Staff
Business Analysts working with financial data
IT Professionals implementing financial systems
Operations Managers overseeing asset management
Compliance Officers dealing with financial regulations
CFOs and Finance Executives seeking system understanding

Learning Objectives - What you will Learn in this Microsoft Dynamics 365 Business Central : Introduction to Fixed Asset?

Introduction to the Course's Learning Outcomes and Concepts Covered:

This course provides a comprehensive introduction to managing fixed assets in Microsoft Dynamics 365 Business Central, covering acquisition, maintenance, insurance, revaluation, and disposal.

Learning Objectives and Outcomes:

Understand the basic concepts and functionalities of Fixed Assets within Dynamics 365 Business Central.
Learn how to create and set up Fixed Assets in the system to track their value and depreciation.
Gain the ability to run and interpret Fixed Assets reports and analytics for better financial insights.
Master the process of acquiring new Fixed Assets, including the purchasing and recording of assets.
Acquire skills to perform routine maintenance and updates to Fixed Assets records to ensure accurate data.
Learn how to manage Fixed Assets insurance policies and link them to corresponding assets.
Develop the competency to transfer, split, or combine Fixed Assets as per business requirements.
Understand how to perform and record revaluation of Fixed Assets to reflect their current market value.
Learn the procedures for depreciating or amortizing Fixed Assets over their useful life.
Gain the knowledge to properly dispose of or retire Fixed Assets and manage any resulting gains or losses.