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Microsoft Dynamics 365: Finance (MB-310T00) Certification Training
Master Your Financial Operations with Microsoft Dynamics 365: Finance (MB-310T00)!
Enrol yourself in the 4 days (32 hours) Intermediate-level MB-310T00 Certification Training by Vinsys and become proficient in implementing Dynamics 365 Finance tools.
The course helps you
Microsoft Dynamics 365: Finance (MB-310T00) Certification Training
Practical, real-world exercises to enhance your understanding of Dynamics 365 Finance tools.
Dedicated assistance throughout the course to address queries and provide guidance.
Expert help to prepare for the MB-310 exam, ensuring you are well-equipped to earn your certification.
Course Overview
The Microsoft Dynamics 365: MB-310T00 Finance Certification Training will provide participants with the knowledge and skills to manage the financial processes in Dynamics 365 Finance. This course relates specifically to the setting up and application of financial methods to improve organisational flow and productivity.
Some of the functionalities to be covered include how to set up charts of accounts, fiscal calendar, currencies and exchange rates among others. The training focuses on the financial management processes that include budgeting, fixed assets, accounts payable and receivable. It also includes detailed and complex financial operations such as intercompany accounting, accruals, allocations, and credit and collections.
This course will give the participants a good understanding of how the financial processes work and how they can set up ledgers, manage financial dimensions, and perform year-end processes. It also focuses on acquiring higher-level skills, including ledger allocations, expense control, and cash flow projections.
The programme's practical approach ensures a comprehensive understanding of how to perform crucial financial processes in Dynamics 365 Finance. It helps the participants improve business performance and accuracy in economic processes.
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Course Objectives
By completing the Microsoft Dynamics 365: Finance (MB-310T00) Certification Training, participants will be able to:
- Configure the core areas of finance such as, account structures, fiscal periods, and legal transactional currencies.
- Set up accounts payable, accounts receivable and credit and collections to facilitate the flow of finances.
- Implement ledger postings, journal setups, as well as intercompany accounting.
- Analyse financial analysis with the help of Dynamics 365 reporting capabilities and Power Platform.
- Manage fixed assets by monitoring the acquisition, depreciation, and disposal of the assets.
- Optimise budgeting and budget control by setting up the necessary budgeting applications and procedures.
- Evaluate financial processes so that they are in line with the firm’s and regional standards.
- Perform scheduled financial activities such as the closing of accounts, balancing and preparation of tax returns.
- Apply advanced methods of allocation and accrual for the provision of resources.
- Utilise cash and bank management tools to define and work with cash flow forecasts and transactions.
Audience
This course targets:
- Functional consultants responsible for capturing requirements and configuring solutions.
- Professionals performing discovery to align financial operations with business needs.
- Subject matter experts engaged in Dynamics 365 Finance solutions.
- Finance consultants specialising in configuring applications for financial management.
- Individuals with a foundational understanding of accounting principles.
- Professionals managing core finance, general ledger, tax, budgeting, and expense workflows.
- Experts in financial operations integrating with manufacturing, retail, and supply chain management.
Eligibility Criteria
Basic Accounting Knowledge: Participants should have a foundational understanding of accounting principles and practices.
Core Competencies in Dynamics 365: Candidates must possess essential skills and familiarity with Dynamics 365 Core functionalities.
Please contact us to learn more about the eligibility criteria.
Course Outline
Module 1: Get started with Dynamics 365 Finance
- The benefits of Dynamics 365 Finance
- An overview of features in Finance
- Lab: Explore Dynamics 365 Finance
Module 2: Configure currencies in Dynamics 365 Finance
- Different types of currencies in Finance
- The concept of triangulation currency
- How to set up legal entity currencies and conversions
- How to configure exchange rate providers
- How to import exchange rates from providers
- Lab: Import exchange rates
Module 3: Create fiscal calendars, years, and periods in Dynamics 365 Finance
- Differentiate between the ledger and fiscal calendars
- Configure and set up fiscal calendars, years, and periods
- Create and use date intervals
- Lab: Work with the fiscal calendar, year, and periods
Module 4: Configure chart of accounts in Dynamics 365 Finance
- Identify the required components for a chart of accounts
- Define and configure the chart of accounts
- Define and configure the financial dimensions and dimension sets
- Configure chart of accounts, main accounts, categories, templates, ledger account alias, and balance control
- Configure account structures and advanced rules
- Lab: Create a main account category in the chart of accounts, and an advanced rule structure
Module 5: Configure ledgers and journals in Dynamics 365 Finance
- Different types of journals and their setup
- How to configure the ledger and posting setup
- How to configure and use journals
- How to reverse journal posting
- How to set up batch transfer rules
- Lab: Configure ledger and journal setup
Module 6: Perform general ledger daily procedures in Dynamics 365 Finance
- General ledger processes
- Balance control accounts
- Journal controls
- Voucher templates
- Ledger settlements
- Lab: Create and use a voucher template
Module 7: Intercompany accounting in Dynamics 365 Finance
- Set up intercompany accounting
- Use intercompany accounting to post journals between two different legal entities
- Lab: Set up and use intercompany accounting
Module 8: Configure ledger allocations and accruals in Dynamics 365 Finance
- Configure and use accruals
- Configure and use allocations
- Lab: Configure and use accrual schemes
- Lab: Configure and test ledger allocation rules
Module 9: Configure and perform periodic processes in Dynamics 365 Finance
- Configure financial period close
- Reconcile banks
- Perform periodic closing and year-closing processes
- Prepare periodic filings
- Configure and work with vendor 1099 processes
- Run foreign currency revaluation processes
- Perform financial consolidation and elimination processes
- Process end-of-year tax reporting
- Lab: Perform year-end close and a consolidation
Module 10: Work with analytics and reporting in finance and operations apps
- Different types of reports and inquiries in finance and operations apps
- Financial reporting
- Configuring finance and operations apps for Microsoft Power Platform
- Generating and consuming inquiries and reports
- Lab: Work with reports
Module 11: Configure cash and bank management in Dynamics 365 Finance
- Create and configure banks
- Create and configure bank layouts
- Configure cash and bank management parameters
- Set up vendor and customer banks
- Configure cash flow forecasts and reports
- Lab: Work with cash and bank management
Module 12: Configure taxes in Dynamics 365 Finance
- Learn about regional tax reporting capabilities.
- Configure tax components
- Lab: Set up ledger posting groups for sales tax
- Lab: Set up sales tax authorities
- Lab: Set up sales tax settlement periods
- Lab: Set up sales tax codes and sales tax groups
- Lab: Set up sales tax reporting codes and withholding tax
- Lab: View posted sales tax transactions
Module 13: Configure accounts receivable in Dynamics 365 Finance
- Configure Accounts receivable components
- Create and maintain a customer
- Configure customer payments
- Set up payment calendars and calendar rules
- Set up customer posting profiles
- Configure accounts receivable charges
- Lab: Configure customer posting profiles and create a new customer
Module 14: Perform accounts receivable daily procedures in Dynamics 365 Finance
- Create free text invoices and record customer payments
- Distribute funds by using accounting distributions
- Configure recurring invoices
- Use reversals in Accounts receivable
- Understand revenue recognition
- Lab: Create and process a free text invoice
- Lab: Work with invoices from sales orders
- Lab: Process an invoice and settle it against a payment
Module 15: Configure credit and collections in Dynamics 365 Finance Configure
- credit and collections components
- Configure aging reports, customer pools, collection agents, and aging period definitions
- Set up and manage interests
- Set up and manage collection letters
- Lab: Set up credit and collections in Finance
- Lab: Create a write-off journal for a customer
Module 16: Process credit and collections in Dynamics 365 Finance
- How to use customer account statements
- How to process collections
- How to use the credit management feature
- Lab: Work with credit and collections
Module 17: Configure Accounts payable in Dynamics 365 Finance
- Configure accounts payable components
- Create and maintain a vendor
- Configure vendor payments
- Set up vendor posting profiles
- Configure accounts payable charges
- Lab: Configure accounts payable components
Module 18: Perform Accounts payable daily procedures in Dynamics 365 Finance
- Record invoices and process payments
- Manage and apply prepayments
- Lab: Record an invoice
- Lab: Record a vendor invoice that is not associated with a purchase order
- Lab: Process a vendor payment by using a payment journal
Module 19: Work with accounting distributions, invoice validations, and settlements in Dynamics 365 Finance
- Settle transactions and undo settlements
- Distribute funds by using accounting distributions
- Configure invoice validation policies
- Lab: Work with accounting distributions, invoice validations, and settlements
Module 20: Get started with Expense management in Dynamics 365 Project Operations
- Learn about Expense management capabilities
- Discover Expense management features
- Review considerations for planning to use the Expense management module in Project Operations
Module 21: Set up and configure Expense management in Dynamics 365 Project Operations
- Discover the Expense management workspace
- Learn how to turn on the Expense reports re-imagined feature
- Review the Expense management parameters
- Learn about workflow functionality for expense management
- Set up expense policies, and evaluate policies using the Audit workbench
- Set up mileage expense options
- Set up credit card transaction processing and import credit transactions
Module 22: Create and process expense reports in Dynamics 365 Project Operations
- Review expense report policies and per diem rules
- Create and maintain an expense report
- Learn about intercompany expenses
- Learn how to post, approve, and delegate expense reports
- Discover reporting options for expense management
- Lab: Create an expense report and submit it to a workflow
Module 23: Work with travel requisitions in Dynamics 365 Project Operations
- Create a travel requisition
- Review travel requisition options
- Learn about the travel requisition approval process
- Lab: Create a travel requisition
Module 24: Configure and use basic budgeting and budget control in Dynamics 365 Finance
- Configure basic budgeting components
- Configure budget control components
- Use inquiries and reports
- Create and manage budget register entries
- Lab: Configure basic budgeting components
- Lab: Configure budget control components
- Lab: Create a budget register entry
Module 25: Configure and use budget planning in Dynamics 365 Finance
- Configure budget planning components
- Lab: Configure budget planning, create and use a planning process
Module 26: Configure fixed assets management in Dynamics 365 Finance
- Configure fixed assets components
- Configure fixed assets parameters
- Enable fixed assets integration with purchasing
- Create fixed assets
- Lab: Work with fixed assets
Module 27: Manage fixed assets in Dynamics 365 Finance
- Perform fixed asset acquisition
- Perform fixed asset depreciation
- Perform fixed asset disposal
- Lab: Manage fixed assets
About The Certification
The Microsoft Dynamics 365 Finance Functional Consultant Associate certification assures the candidate’s ability to configure and deploy the financial processes in Dynamics 365 Finance. This internationally accredited qualification provides professionals with higher financial control, planning, accounts payable/receivable and reporting knowledge. Gaining this certification shows that one can effectively improve the financial processes and design solutions that meet industry standards.
About The Examination :
- Exam Duration: 100 minutes to complete the assessment.
- Exam Format: Proctored exam with interactive components; not open book.
- Retake Policy:
- First retake allowed after 24 hours.
- Subsequent retakes have varying waiting periods.
- Languages Offered: English, Japanese, and more.
- Accommodations: Support available for eligible candidates.
- Purpose: Validates expertise in financial operations using Dynamics 365 Finance.
Choose Your Preferred Mode
Online Training
- Real-time sessions with certified trainers for an interactive experience.
- Access to official training materials aligned with certification requirements.
- Continuous assistance to address queries and provide technical help.
- Attend from anywhere with internet access, ensuring convenience for all learners.
Corporate Training
- Experts with industry experience to ensure practical and relevant learning.
- Training designed with examples and scenarios relevant to your business.
- Assessments and feedback to evaluate employee progress and retention.
- Sessions planned around your team’s availability to avoid workflow disruptions.
FAQ’s
Why Vinsys for the Microsoft Dynamics 365: Finance (MB-310T00) Certification Training?
Vinsys provides expert-led training with Microsoft-certified instructors, hands-on lab sessions, 24/7 support, and comprehensive preparation for the MB-310 certification exam. Our globally recognised programs ensure participants gain practical and job-ready skills.
What topics are covered in this course?
The course covers essential modules like chart of accounts, fiscal calendars, accounts payable/receivable, budgeting, fixed assets management, financial reporting, and intercompany accounting.
What hands-on activities are included in the training?
Participants will perform practical labs, such as configuring currencies, setting up fiscal calendars, managing ledgers, processing accounts payable and receivable, and handling budgeting tools.
What are the key tools and features taught in the course?
The training focuses on tools like ledger postings, expense management, credit and collections, Power Platform integration for analytics, and reporting in Dynamics 365 Finance.
How does this course help prepare for the MB-310 exam?
The training follows Microsoft’s official curriculum, includes mock exams, and offers targeted guidance on exam topics to ensure participants are well-prepared to pass the MB-310 certification.
Can I learn about budgeting and financial forecasting in this course?
Yes, the course includes modules on configuring basic budgeting, budget control, and cash flow forecasting in Dynamics 365 Finance.
Does this course cover intercompany accounting and fixed assets management?
Absolutely, the course provides in-depth training on setting up and managing intercompany accounting processes and fixed assets, including acquisition, depreciation, and disposal.
Will I learn to create financial reports using Dynamics 365 Finance?
Yes, the course includes training on generating various types of financial reports and integrating Dynamics 365 Finance with Power Platform for enhanced analytics.
What advanced financial concepts are taught in this course?
The curriculum includes topics such as ledger allocations, accruals, year-end closing, tax reporting, and consolidation and elimination processes.
How will this course improve my financial management skills?
This course provides hands-on training in configuring and managing Dynamics 365 Finance tools, ensuring you can streamline financial operations, improve reporting accuracy, and handle complex financial tasks efficiently.
Why Vinsys
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Reviews
I found the Dynamics 365 Finance training by Vinsys to be fantastic! The hands-on labs and expert guidance made a complex concept easy to understand. With this knowledge, I can now effectively manage financial operations. It is highly recommended, especially to those who intend to take the certification examination.
Sumit SainiConsultant Executive
I had a good learning experience with Vinsys. The trainers were good and took their time explaining the lessons by giving examples from the real world. The course helped me prepare for the MB-310 exam.
Gaurav AroraFinance Executive
We had excellent corporate training with Vinsys, specifically for our finance team. These sessions were tailored entirely to our organisational requirements. The trainers gave a case-study analysis, and now our team is sure we can use Dynamics 365 Finance tools properly.
Navin AgarwalFunctional Consultant
Our staff took up the MB-310 training, which was very successful for us. The practical focus and detailed, comprehensive course content allowed our team to improve the organisation of financial activities significantly. I must say Vinsys went beyond our expectations!
Siddhant VermaCFO
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