Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate (MB310)

This four-day Microsoft certified course analyze business requirements and translate those requirements into fully realized business processes and solutions that implement industry recommended practices. Get a fundamental understanding of accounting principles and a deeper understanding of financial operations as they relate to core finance, manufacturing, retail, and supply chain management operations.

Candidates for this exam typically specialize in one or more feature sets of Dynamics 365 Finance, including core finance, general ledger, tax, cost accounting, cost management, fixed assets, budgeting, revenue recognition, consolidation and elimination, credit and collections, cash and bank management, and expense management. They understand the relationships between finance and manufacturing, retail, and supply chain management.

This training is a comprehensive preparation to the exam MB-310 to earn the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate.


Applicable solutions

Public class

4 days / 28 hours

Private class

Virtual classroom
Minimum no. of participants: 5
4 days / 28 hours
Price on request
English or French
Training plan: 

Microsoft Dynamics 365 Finance Functional Consultant (MB-310T00)

Module 1: Configure chart of accounts in Dynamics 365 Finance

  • Plan your chart of accounts
  • Multiple chart of accounts
  • Set up chart of accounts
  • Main account categories
  • Main account information
  • Allocation terms
  • Main account validation options
  • Main account closing options
  • Accounts for automatic transactions
  • Define and configure financial dimensions
  • Create a custom financial dimension
  • Create an entity-backed financial dimension
  • Activate and delete financial dimensions
  • Default dimension values
  • Derived dimensions
  • Configure financial dimension templates and sets
  • Define and configure account structures and advanced rules

Module 2: Explore general ledger in Microsoft Dynamics 365 Finance

  • Identify charts of accounts
  • Explore financial dimensions and dimension set concepts
  • Explore periodic financial processes demo: Month end closing

Module 3: Configure ledger allocations and accruals in Dynamics 365 Finance

  • Configure and apply accrual schemes
  • Configure ledger allocation rules

Module 4: Create fiscal calendars, years, and periods in Dynamics 365 Finance

  • Fiscal calendars, fiscal years, and periods
  • Create fiscal calendars, years and periods
  • Select a fiscal calendar
  • Define budget cycle time spans
  • Maintain periods for your organization
  • Create date intervals

Module 5: Perform general ledger daily procedures in Dynamics 365 Finance

  • Using balance control accounts
  • Process a journal entry
  • Work with general ledger processes
  • Ledger settlements
  • Create voucher templates
  • Set up journal controls

Module 6: Configure ledgers and journals in Dynamics 365 Finance

  • Understand the different types of journals and their setup
  • Describe use cases for periodic journals
  • Configure ledger and journal setup
  • Describe options for implementing voucher numbers in journals
  • Describe and configure journal approvals
  • Configure and use journals
  • Reverse journal posting
  • Set up batch transfer rules

Module 7: Intercompany accounting in Dynamics 365 Finance

  • Set up intercompany accounting
  • Post intercompany journals
  • Trace an intercompany entry

Module 8: Configure currencies in Dynamics 365 Finance

  • Set up currencies and conversions
  • Configure and import currency exchange rates

Module 9: Configure cash and bank management in Dynamics 365 Finance

  • Understand bank transaction types and groups
  • Set up cash and bank management parameters
  • Set up the Single Euro Payments Area (SEPA) direct debit mandate
  • Set up International Bank Account Number (IBAN) structures
  • Configure banks and bank check layout
  • Deposit and refund checks
  • Understand cash flow forecast and reports
  • Configure cash flow forecasting

Module 10: Configure accounts receivable in Dynamics 365 Finance

  • Payment schedule
  • Terms of payment and payment days
  • Cash discounts
  • Payment fees
  • Set up the credit card payment service
  • Methods of payment and payment control
  • Set up a payment calendar and payment calendar rules
  • Create and maintain customers
  • Set up customer posting profiles
  • Configure accounts receivable charges

Module 11: Configure electronic reporting in Dynamics 365 Finance

  • Configure electronic reporting
  • Use barcode data sources to generate bar code images

Module 12: Configure and perform periodic processes in Dynamics 365 Finance

  • Set up the Financial period workspace and closing schedule
  • Bank reconciliations
  • Year-end 1099 reporting
  • Run foreign currency revaluation processes
  • Process end of year close
  • Perform financial consolidations

Module 13: Configure taxes in Dynamics 365 Finance

  • Configure ledger posting groups
  • Configure sales tax authorities
  • Configure sales tax settlement periods
  • Create sales tax codes
  • Configure sales tax groups and item sales tax groups
  • Withholding tax
  • Sales tax exemption
  • Conditional sales tax
  • Sales tax on transactions
  • Set up sales tax reporting codes
  • Prepare periodic filings

Module 14: Get started with cost accounting in Dynamics 365 Finance

  • Configure the Cost control workspace
  • Cost objects
  • Work with the Cost accounting Get started wizard
  • Set up cost accounting

Module 15: Configure and work with inventory management in Dynamics 365 Supply Chain Management

  • Inbound operations
  • Outbound operations
  • Configure inventory dimensions
  • Configure storage dimensions
  • Configure tracking dimensions
  • Configure serial and batch numbers
  • Allocate batch and serial numbers
  • Configure sites
  • Configure warehouses
  • Transfer orders
  • Set up bar codes
  • Set up default order settings
  • Inventory journals
  • Work with journals
  • Inventory journal approval workflows
  • Work with reason codes
  • Work with consignment inventory
  • Configure item groups and item model groups
  • Inventory cost methodologies
  • Configure inventory policies
  • Inventory closing and adjustment
  • Archive inventory transactions
  • Work with reason codes for inventory counting

Module 16: Work with the costing sheet in Dynamics 365 Supply Chain Management

  • Costing versions
  • Cost groups
  • Calculation groups
  • Costing sheets
  • BOM calculations
  • BOM Measurements
  • BOM Reports

Module 17: Configure Accounts payable in Dynamics 365 Finance

  • Configure the payment schedule
  • Configure terms of payment and payment days
  • Configure cash discounts
  • Set up payment fees
  • Create vendor groups
  • Set up accounts payable posting profiles
  • Create vendors
  • Set up methods of payment for vendors
  • Configure accounts payable charges
  • Configure and use positive pay

Module 18: Perform Accounts payable daily procedures in Dynamics 365 Finance

  • Understand invoice types in Accounts payable
  • Understand incoming invoice payments
  • Record vendor invoices
  • Modify due dates and discount dates
  • Work with cash discounts from vendors
  • Create vendor payments
  • Reverse a vendor payment
  • Manage prepayments and prepayment invoices

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
  • Three-way matching policies
  • Accounts payable invoice matching
  • Invoice totals matching
  • Two-way, price totals matching
  • Two-way, net unit price matching
  • Three-way matching
  • Vendor invoice workflow
  • Charges matching

Module 20: Configure and manage vendor collaboration in Dynamics 365 Supply Chain Management

  • Purchase order statuses with vendor collaboration
  • Configure vendor collaboration
  • Maintain vendor certification
  • Set up vendor collaboration security roles
  • Use the Vendor collaboration invoicing workspace
  • Define purchase order response information
  • Work with purchase orders when vendor collaboration is used
  • Purchase order statuses and versions
  • Sharing information about consignment inventory
  • Work with request for quotes
  • Purchase order confirmation workspace
  • Accessing vendor master data in the Vendor information workspace

Module 21: Configure and manage the order to cash process in Dynamics 365 Supply Chain Management

  • Sales and marketing overview
  • Create and confirm sales quotations
  • Create and process sales orders
  • Sales order entry scenarios
  • Sales order picking processes
  • Configure order promising
  • Configure order hold codes
  • Process customer returns
  • Sales order reservations
  • Configure and use commissions
  • Configure customer and item search

Module 22: Perform accounts receivable daily procedures in Dynamics 365 Finance

  • Create free text invoices
  • Recurring free text invoices
  • Create and handle payments of customer invoices for sales orders
  • Settle transactions and undo settlements
  • Revenue recognition overview
  • Define revenue schedules
  • Define revenue prices
  • Set up bundle items

Module 23: Configure and process postdated checks in Dynamics 365 Finance

  • Set up postdated checks
  • Process a postdated check

Module 24: Configure credit and collections in Dynamics 365 Finance

  • Configure accounts receivables for credit and collections
  • Configure credit and collections components
  • Set up interest rates for an interest code
  • Waive, reinstate, or reverse interest fees
  • Set up and manage collection letters

Module 25: Process credit and collections in Dynamics 365 Finance

  • Customer account statement
  • Working with collections
  • Manage customer credit and collections
  • Credit management

Module 26: Get started with Expense management in Dynamics 365 Project Operations

  • Plan expense management
  • Intercompany expenses
  • Financial management
  • Per diems
  • Journals and accounts
  • Payment methods
  • Taxes
  • Policies
  • Expense categories and shared categories

Module 27: Create and process expense reports in Dynamics 365 Project Operations

  • Create an expense report
  • Intercompany expenses
  • Itemize expenses by line
  • Distribute an expense
  • Add guests
  • Attach receipts and documents to an expense report
  • Submit an expense report to a workflow
  • Approve an expense report
  • Delegate an expense report
  • Post an expense report
  • Reporting options

Module 28: Set up and configure Expense management in Dynamics 365 Project Operations

  • Expense management workspace
  • Expense management parameters
  • Expense management workflows
  • Expense report policies and per diem rules
  • Evaluate policies by using Audit workbench cases
  • Set up mileage expense options
  • Intercompany expenses
  • Personal expenses on an expense report
  • Set up credit card transaction processing and import credit transactions
  • Expense receipt processing
  • VAT recovery

Module 29: Work with travel requisitions in Dynamics 365 Project Operations

  • Create a travel requisition
  • Approve a travel requisition
  • Create a cash advance
  • Update a cash advance

Module 30: Get started with work management in Dynamics 365 Project Operations

  • Create and submit time entries
  • Expense deployment models
  • Basic expense entries
  • Full expense deployment

Module 31: Configure fixed assets management in Dynamics 365 Finance

  • Fixed assets and current assets
  • Accounting for fixed assets
  • Relationships between fixed assets components
  • Configure fixed assets components
  • Derived books
  • Enable fixed asset integration
  • Fixed asset transaction options
  • Demonstration - Create a fixed asset

Module 32: Manage fixed assets in Dynamics 365 Finance

  • Scenario - customer requirements for fixed assets
  • Set up and create fixed assets
  • Set up acquisitions
  • Acquire assets through procurement
  • Manual and automatic methods to create fixed assets
  • Transfer a fixed asset
  • Set up fixed asset groups
  • Split a fixed asset
  • Update fixed asset information
  • Fixed assets roll forward report
  • Depreciation
  • Dispose and lend fixed assets
  • Sell a fixed asset by using a free text invoice
  • Dispose of fixed assets as scrap
  • Estimate and eliminate a project to a fixed asset
  • Asset budgeting

Module 33: Configure and use basic budgeting and budget control in Dynamics 365 Finance

  • Planning for basic budgeting and budget control
  • Budgeting methodologies
  • Basic budgeting overview
  • Configure basic budgeting
  • Use workspaces and inquiry pages to track budget vs. actuals
  • Budget control overview
  • Configure budget control
  • Configure budget control (cont.)
  • Create and manage budget register entries
  • Use inquires and reports for budget analysis

Module 34: Configure and use budget planning in Dynamics 365 Finance

  • Configure budget planning components

Module 35: Work with analytics and reporting in finance and operations apps

  • Understand different types of reports and inquiries
  • Financial reporting
  • Find inquiries and reports
  • Generate and consume inquiries and reports
  • Configure finance and operations apps for Microsoft Power Platform

Module 36: Get started with Dynamics 365 Supply Chain Management

  • Benefits of Supply Chain Management
  • Overview of Supply Chain Management
  • Cost accounting
  • Cost management
  • Inventory management and Warehouse management
  • Master planning
  • Procurement and sourcing
  • Vendor collaboration
  • Sales and marketing
  • Customer portal
  • Product information management
  • Production control
  • Intercompany trade
  • Warehouse management
  • Transportation management

Module 37: Explore accounts payable and accounts receivable in Dynamics 365 Finance

  • Explore core accounts payable components
  • Explore vendor payments and settlements
  • Explore core accounts receivable components
  • Explore credit and collection processes
  • Basic accounting skills
  • Core competencies in Dynamics 365 Core
  • General knowledge of Microsoft Windows
  • The ability to use Dynamics 365 for Finance and Operations for basic processing and navigation
  • Experience being a functional or technical consultant who has used Dynamics Finance Apps to gather and analyze business requirements
  • General knowledge of basic mobile device features and navigation
  • The student should be able to take a synchronous, virtual course and communicate feedback in a positive, constructive manner
Credentials information: 
  • Exam code: MB-310
  • Cost: $0 (included in your training)
  • Skills measured
    • Set up and configure financial management
    • Implement accounts receivable, credit, collections, and revenue recognition
    • Implement and manage accounts payable and expenses
    • Manage budgeting
    • Manage fixed assets
  • All details... 

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