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The Microsoft Dynamics 365 Finance course is designed to educate learners on how to set up, configure, and manage financial operations within the Dynamics 365 Finance application. It covers a range of essential financial practices such as financial management, Accounts receivable, Accounts payable, Budgeting, and Fixed assets management. Through hands-on lessons and knowledge checks, students will learn how to navigate the system, implement key financial processes, and utilize the software to support business finances effectively.
Participants will gain the ability to Configure currencies, work with Fiscal calendars, and manage the Chart of accounts. They'll also delve into Daily procedures, Intercompany accounting, and Periodic processes. The course equips learners with the skills to handle Credit and collections, Expense management, and Budget planning, as well as to manage fixed assets from acquisition through disposal. By completing this comprehensive training, individuals will be well-prepared to optimize financial operations and contribute to their organization's financial health using Microsoft Dynamics 365.
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You can request classroom training in any city on any date by Requesting More Information
To successfully undertake training in the Microsoft Dynamics 365 Finance course, it's essential to have a solid foundation in certain areas to ensure a comprehensive understanding of the course material. Below are the minimum required prerequisites for students interested in this course:
While prior experience with ERP systems or other Dynamics 365 applications can be beneficial, it is not a strict requirement for this training program. Our course is designed to accommodate individuals with varying degrees of background knowledge, ensuring that all participants can achieve a thorough understanding of Dynamics 365 Finance functionalities and capabilities.
Master financial management with Microsoft Dynamics 365 Finance, designed for professionals in finance and accounting.
Target Audience for Microsoft Dynamics 365 Finance Course:
This course offers comprehensive training on Microsoft Dynamics 365 Finance, focusing on financial management, accounts receivable/payable, budgeting, and fixed assets to optimize financial operations.
Expense management involves tracking and controlling business spending to optimize financial performance. It covers processes from recording expenses, approval workflows, to reimbursement policies, typically using software solutions like Microsoft Dynamics 365 Finance. Being a critical function in D365 Finance and Operations, professionals often pursue D365 finance certification or MB-310 Microsoft Dynamics 365 F&O certification to master the tools and techniques necessary for efficient financial operations. Effective expense management ensures compliance, budget adherence, and can significantly impact a company's profitability by reducing unnecessary expenditures.
Budget planning in the context of D365 Finance and Operations involves forecasting financial operations to optimize spending and investments. By aligning with Microsoft Dynamics 365 Finance capabilities, such as MB-310 certification and D365 finance certification, professionals can harness tools to create detailed financial strategies, control costs, and ensure resources align with organizational goals. It is crucial for maintaining fiscal discipline and achieving long-term financial stability, making use of comprehensive data analytics provided by Microsoft Dynamics 365 F&O. This structured approach ensures efficient financial management and operational excellence.
Fixed assets management involves the tracking and maintenance of company assets, from when they're acquired to their ultimate disposal. It ensures assets are accounted for, depreciated properly over their useful lives, and disposed of in a way that complies with financial regulations. Effective management helps maximize the value of assets throughout their lifecycle and improves budgeting accuracy. This process requires precise oversight and integration within broader financial systems, potentially utilizing platforms like Microsoft Dynamics 365 Finance to streamline asset-related operations and financial reporting.
Financial management involves overseeing and controlling an organization's finances to meet its objectives and maximize profitability. This entails budgeting, analysis, and strategic planning to optimize expenses and revenue. The process is critical for enabling businesses to make informed financial decisions and ensure long-term sustainability. Tools like Microsoft Dynamics 365 Finance streamline these tasks, providing functionalities that support financial operations, ensuring compliance, and enhancing financial reporting accuracy. This comprehensive platform also supports professional growth through certifications like the MB-310, which validates expertise in D365 finance and operations functionalities.
Accounts receivable refers to the money that a company is owed by its customers for goods or services that have been delivered or used but not yet paid for. This is an important aspect of a company's finances because it involves incoming revenue that is essential for business operations. Effective management of accounts receivable using tools like Microsoft Dynamics 365 Finance can impact a company's cash flow and overall financial health. Proper training and certification, such as D365 Finance and Operations Functional Training or MB-310 certification, can enhance the ability to manage these financial elements efficiently.
Accounts payable refers to the amounts a company owes because it purchased goods or services on credit from a supplier or vendor. This financial account tracks the liability a company has to pay off in the short term, typically within a year. Managing accounts payable efficiently is crucial for maintaining a good credit rating and strong vendor relationships, ensuring that businesses avoid incurring extra costs through late fees or missed discounts for prompt payments. Proper accounts payable management can markedly influence a company's cash flows and financial health.
A Chart of Accounts is a structured list of an organization's financial accounts. It categorizes and organizes every transaction into specific categories, such as assets, liabilities, equity, revenues, and expenses. This classification ensures that financial statements are accurate and comply with accounting standards, facilitating effective management and financial analysis. Different sectors may adapt the structure to their specific needs, but the overarching goal remains to provide clear and organized financial reporting. This tool is essential in managing a company's finances systematically.
Budgeting in the context of D365 Finance and Operations is essential for managing financial performance effectively. It involves planning your financial resources to support business activities and goals. Using Microsoft Dynamics 365 Finance, companies can create, manage, and track their budgets with precision, aligning financial planning with strategic objectives. The budgeting process within Dynamics 365 enables advanced features like multiple budget models, workflow approvals, and comprehensive reporting, all essential for maintaining fiscal discipline and efficiency. Training and certification, such as the MB-310 Microsoft Dynamics 365 Finance and Operations Apps Financials, enhance users' proficiency in managing and optimizing financial operations.
Fixed assets management involves the process of tracking and managing the physical assets of a company, such as buildings, machinery, and equipment, from purchase to disposal. It ensures that assets are used effectively, maintained properly, and depreciated accurately over time for accounting purposes. This management helps in maximizing asset usage and investment, improving budgeting and financial planning, and ensuring regulatory compliance. The effective tracking of fixed assets helps businesses reduce operational costs, enhance asset longevity, and maintain proper financial records.
Configuring currencies in Microsoft Dynamics 365 Finance involves setting up various global currencies that a company might use in its financial transactions. This allows businesses to manage and record transactions in both local and foreign currencies accurately. Features include setting up exchange rates, adjusting them periodically, and handling transaction conversions accurately. This setup is crucial for companies operating internationally to maintain accurate financial statements and comply with local regulations. Proper configuration helps in streamlining operations and financial reporting in multiple currencies within D365 Finance and Operations.
A fiscal calendar is used by companies and organizations to plan and manage financial activities based on a year-long period, which may not necessarily align with the calendar year. It regulates accounting periods and impacts financial reporting. Fiscal calendars are crucial in managing the finance operations of a business, helping track performance consistently across years despite varying start and end dates. This is especially important in systems like Microsoft Dynamics 365 Finance, where accurate financial planning and operations are vital for success.
Daily procedures in a professional environment refer to the set of routine actions carried out during a working day to ensure effective and efficient operations. These activities vary by roles and include tasks such as checking emails, scheduling meetings, updating project statuses, complying with regulatory requirements, and managing resources. Key focuses during these routines also involve maintaining clear communication, managing time wisely, and utilizing technology like productivity software to streamline processes. These procedures help maintain order, meet deadlines, and foster a productive workflow, ensuring organizational goals are met consistently.
Intercompany accounting involves managing financial transactions between different divisions or subsidiaries of the same parent company. This process is crucial for accurate group financial statements, as each entity's results merge to form a single set of financials. It ensures consistency, legality, and compliance across all branches, avoiding double counting of revenues or expenses. Tools like Microsoft Dynamics 365 Finance streamline this by automating reconciliations, enforcing rules, and providing real-time insights across different units. Professionals often seek certifications such as D365 finance certification or Microsoft Dynamics 365 F&O certification to master these capabilities effectively.
Periodic processes in technology refer to tasks or operations that are scheduled to occur at regular intervals. This concept is fundamental in system maintenance, data management, and monitoring. Periodic processes ensure consistency, optimize performance, and help in resource allocation. In various technologies, these processes automate repetitive tasks such as data backups, system updates, or condition checks, thus reducing manual intervention and risk of errors. Regularly scheduled tasks enable systems to perform efficiently and maintain high levels of accuracy and reliability in operations.
Credit and collections involve managing the credit offered to customers and ensuring timely payment to improve cash flow. This process includes assessing the creditworthiness of potential customers, setting credit limits, monitoring accounts receivable, and taking action on overdue payments. Effective management helps businesses maintain financial health by minimizing bad debts and improving revenue retrieval, crucial for operational sustainability. It contributes significantly to maintaining a business's financial stability.
Master financial management with Microsoft Dynamics 365 Finance, designed for professionals in finance and accounting.
Target Audience for Microsoft Dynamics 365 Finance Course:
This course offers comprehensive training on Microsoft Dynamics 365 Finance, focusing on financial management, accounts receivable/payable, budgeting, and fixed assets to optimize financial operations.
