Description

• Certification Name: Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate
• Exam Code: MB-310
• Focus Areas:
  • General Ledger
  • Accounts Payable / Receivable
  • Budgeting
  • Financial reporting

Introduction
Microsoft Dynamics 365 Finance is an enterprise resource planning (ERP) solution designed to help organizations manage financial operations, automate business processes, and gain real-time insights into their financial performance. It supports core financial functions such as general ledger, accounts payable, accounts receivable, budgeting, cash and bank management, fixed assets, and financial reporting. The platform integrates seamlessly with other Microsoft services, enabling scalability, compliance, and data-driven decision-making across global enterprises.

Learner Prerequisites

• Basic understanding of finance and accounting concepts (GL, AP, AR)
• Familiarity with ERP systems and business process flows
• Basic knowledge of Microsoft applications like Excel and Teams
• Understanding of business operations such as procurement and sales
• Interest in financial analysis and reporting
• No prior coding knowledge required (functional role)

Table of Contents

1. Introduction to Dynamics 365 Finance
1.1 Overview of ERP and Financial Management Systems
1.2 Introduction to Dynamics 365 Finance Features
1.3 Navigation and User Interface
1.4 Core Financial Concepts in D365 Finance
1.5 Overview of Financial Modules

2. System Configuration and Setup
2.1 Company Setup and Legal Entities
2.2 Chart of Accounts Configuration
2.3 Fiscal Calendars and Periods
2.4 Financial Dimensions Setup
2.5 Currency and Exchange Rate Management

3. General Ledger Management
3.1 Ledger Setup and Configuration
3.2 Journal Entries and Posting
3.3 Allocations and Accruals
3.4 Financial Period Close Process
3.5 Intercompany Accounting

4. Accounts Payable
4.1 Vendor Setup and Management
4.2 Procurement and Invoice Processing
4.3 Payment Processing and Settlement
4.4 Vendor Collaboration and Automation
4.5 Tax Configuration in AP

5. Accounts Receivable
5.1 Customer Setup and Management
5.2 Sales Order Integration
5.3 Invoice Processing and Collections
5.4 Credit and Collections Management
5.5 Cash Application and Settlements

6. Cash and Bank Management
6.1 Bank Setup and Configuration
6.2 Cash Flow Forecasting
6.3 Bank Reconciliation
6.4 Payment Methods and Formats
6.5 Electronic Payments

7. Budgeting and Forecasting
7.1 Budget Planning and Configuration
7.2 Budget Control and Monitoring
7.3 Forecasting Techniques
7.4 Budget Registers and Allocations
7.5 Budget vs Actual Analysis

8. Fixed Assets Management
8.1 Asset Setup and Configuration
8.2 Acquisition and Depreciation
8.3 Asset Transfers and Disposal
8.4 Asset Leasing Overview
8.5 Fixed Asset Reporting

9. Financial Reporting and Analytics
9.1 Financial Reports Configuration
9.2 Management Reporter / Financial Reporter
9.3 Power BI Integration
9.4 Data Analysis and Insights
9.5 Regulatory and Compliance Reporting

10. Cost Accounting
10.1 Cost Control Concepts
10.2 Cost Allocation and Distribution
10.3 Costing Sheets and Policies
10.4 Cost Analysis and Reporting
10.5 Integration with Finance

11. Taxation and Compliance
11.1 Tax Setup and Configuration
11.2 GST/VAT Handling
11.3 Tax Reporting and Filing
11.4 Regulatory Compliance
11.5 Localization Features

12. Credit and Collections Management
12.1 Credit Limits and Policies
12.2 Collections Process
12.3 Customer Aging Reports
12.4 Dispute Management
12.5 Risk Assessment

13. Procurement and Sourcing Integration
13.1 Procurement Process Overview
13.2 Vendor Collaboration
13.3 Purchase Orders and Invoices
13.4 Integration with Accounts Payable
13.5 Procurement Workflows

14. Project Accounting Basics
14.1 Project Setup and Configuration
14.2 Cost Tracking and Billing
14.3 Project Budgets
14.4 Revenue Recognition
14.5 Project Reporting

15. Period-End and Year-End Close
15.1 Period Closing Activities
15.2 Financial Reconciliation
15.3 Year-End Closing Process
15.4 Audit Preparation
15.5 Compliance Checks

16. Security, Roles, and Compliance
16.1 Role-Based Security Model
16.2 User Roles and Permissions
16.3 Segregation of Duties
16.4 Audit Trails and Monitoring
16.5 Data Security and Governance

17. Workflow and Automation
17.1 Workflow Configuration
17.2 Approval Processes
17.3 Business Event Automation
17.4 Alerts and Notifications
17.5 Integration with Power Automate

18. Data Management and Integration
18.1 Data Migration Strategies
18.2 Data Entities and Framework
18.3 Integration with External Systems
18.4 Excel Add-in and Data Import/Export
18.5 Data Validation and Cleanup

19. Customization and Extensibility (Functional Overview)
19.1 Personalization and Workspaces
19.2 Functional Configuration vs Customization
19.3 Business Events and Extensions
19.4 Integration with Other D365 Apps
19.5 Upgrade and Lifecycle Services

20. Real-Time Case Studies and Scenarios
20.1 Procure-to-Pay Cycle
20.2 Order-to-Cash Cycle
20.3 Record-to-Report Cycle
20.4 Budgeting and Forecasting Scenario
20.5 Financial Consolidation Case Study

21. Certification Preparation (Exam-Oriented)
21.1 Exam Overview and Skills Measured
21.2 Key Topics and Weightage
21.3 Practice Questions and Mock Tests
21.4 Tips and Tricks to Pass Exam
21.5 Revision and Final Preparation

Conclusion
This training provides a comprehensive understanding of Dynamics 365 Finance from core financial operations to advanced configurations and real-time scenarios, enabling learners to confidently implement, manage, and optimize financial processes while preparing for the certification exam.