7239-Financial Management in Microsoft Dynamics 365 for Finance and Operations MB6-895 Preparation Guide

This course prepares you for Financial Management in Microsoft Dynamics 365 for Finance and Operations Exam MB6-895.
SKU: 7239
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$1,495.00
$795.00
 

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Course Length: 13 Hours 09 Minutes 32 Seconds

Course Outline

Financial Management in Microsoft Dynamics 365 for Finance and Operations Exam MB6-895

This course prepares you for Exam MB6-895 Financial Management in Microsoft Dynamics 365 for Finance and Operations.

This module discusses the following topics:

At Course Completion
The goal of this course is to enable students to:
  • Set up and configure the core financial modules.  (25% - 30%)
  • Define and configure the General ledger module
    • This objective may include but is not limited to: Define currency and exchange rates; define and create the chart of accounts and main accounts; set up and manage fiscal and ledger calendars; create and define financial dimensions and financial dimension sets; configure account structure; define the ledger for a legal entity; set up journals; define the General ledger parameters and accounts for automatic transactions; configure intercompany accounting
  • Explain and set up the Cash and bank management module.
    • This objective may include but is not limited to: Explain bank transaction types and transaction groups; set up bank groups, create bank accounts, explain the Cash and bank management parameters; configure check layouts
      Describe and design the Accounts receivable and Collections management modules.
    • This objective may include but is not limited to: Describe customer posting profiles, set up customer payment information, create customers, define the Accounts receivable parameters, describe an organizational structure for centralized payments; set up and process collection letters, configure and calculate interest, process interest adjustments, set up customer pools and aging period definitions
  • Review and build the Accounts payable module.
    • This objective may include but is not limited to: Define vendor posting profiles, configure vendor payment information, explain invoice matching; create vendors, walkthrough the account payable parameters; review an organizational structure for centralized payments
      Clarify and utilize the Tax module.
    • This objective may include but is not limited to: Define ledger posting groups, create sales tax codes, establish sales and item tax groups, define sales tax authorities, explain withholding tax; review sales tax jurisdictions
  • Define bank transaction types and transaction groups
  • Define basic fixed asset concepts, and complete setup for the Fixed assets module.
    • This objective may include but is not limited to: Define depreciation methods and conventions, set up depreciation profiles and books, set up value models, define Fixed Asset parameters, create fixed assets, set up and assign bar codes to assets, lend fixed assets
    • Review and process fixed asset transactions.
  • Manage daily procedures for the core financial modules.  (25% - 30%)
    • Review and process transactions in the General ledger module.
      This objective may include but is not limited to: Create and post general journals; create voucher templates, process periodic journals, process period allocations, create and process accrual schemes, reverse a transaction, create reversing entries; use ledger accrual schemes in a journal; create and post intercompany journal entries
      Analyze and walkthrough transactions in the Cash and bank management module.
    • This objective may include but is not limited to: Create and delete checks, void a check and create payment reversals, create and cancel deposit slips, reconcile bank accounts
  • Assess and handle transactions in the Accounts receivable and Collections management modules.
  • This objective may include but is not limited to: Create free text invoices, process prepayments, create payment journals, reverse settlements, reimburse a customer, perform sales order invoicing; review aged balances for customer, process customer account statements, create write-off transactions, process a non-sufficient funds cancellation; manage the status of customer transactions; use cases and activities to track collection actions
  • Define the Accounts Receivable parameters
  • Define and create transactions in the Accounts payable module.
    This objective may include but is not limited to: Define and create different types of invoice journals, manage vendor invoices, perform invoice matching; process prepayments, create payment proposals; process payment journals
  • Explain and work with transactions in the Tax module.
    This objective may include but is not limited to: Revise sales tax prior to posting a transaction, post sales tax on prepayments, create transactions with conditional sales tax
  • This objective may include but is not limited to: Define transaction types available, process acquisitions through journals, process depreciations, process disposals, process value adjustments; create purchase orders for fixed assets; acquire fixed assets from a purchase order
  • Set up, configure, and use the Budgeting module.  (20% - 25%)
    • Define basic budgeting concepts, and setup basic budgeting features.
      This objective may include but is not limited to: Define budget concepts; discuss different budget types; set up the different budget configurations, define the budget parameters
    • Configure and use budget control features.
    • This objective may include but is not limited to: Set up the budget control configuration settings; define budget groups and budget control rules; enable budget control for source documents and journals; activate and turn on budget control; view budget check results on transactions
      Define and generate budget plans.
    • This objective may include but is not limited to: Define budget planning configuration, create budget plans, process budget plans, modify budget plans in Excel
    • Create and process budget register entries.
    • This objective may include but is not limited to: Create and process budget register entries; transfer budget balances, define budget allocations, update budget register entries in Excel; create budget register entries from budget plans
  • Manage periodic and closing procedures for the financial modules.  (20% - 25%)
    • Setup, configure, and run consolidations and eliminations.
      This objective may include but is not limited to: Set up and define a consolidation and elimination company, add consolidation information to main accounts; define and use consolidation groups; configure elimination rules; define the consolidation methods available; perform a consolidation; create and process eliminations
    • Configure and perform foreign currency revaluations.
    • This objective may include but is not limited to: Define main account settings for foreign currency revaluation; define the types of foreign currency revaluations; perform foreign currency revaluations
      Set up and run ledger allocations.
    • This objective may include but is not limited to: Describe the various types of ledger allocation; create ledger allocations rules and basis; process ledger allocation requests; configure allocations terms for a main account
    • Construct and use the period close workspace.
    • This objective may include but is not limited to: Describe uses for the period close workspace; configure the period close workspace; define a period close template; use the period close workspace
    • Set and run the fiscal year end closing processes.This objective may include but is not limited to: Define parameters for fiscal year end close; configure and run the fiscal year close process; describe and use the closing sheet