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Home - Lessons - Dynamics 365 Finance Training (MB-310) - M8 — Capstone: Run a Month End Close on a Finance Implementation - Build the chart of accounts, dimensions and posting profiles for the client

Dynamics 365 Finance Training (MB-310) Build the chart of accounts, dimensions and posting profiles for the client
Dynamics 365 Finance Training (MB-310)
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M1 — Chart of Accounts and Financial Dimensions
Design the chart of accounts, main accounts, categories and ledger aliases
Reading
Configure accounting dimensions, dimension sets and derived dimension templates
Reading
Apply legal entity overrides for main accounts and financial dimensions
Reading
Build account structures, advanced rules and financial tags for reporting
Reading
Set up customer and vendor groups, posting profiles and shared accounts
Reading
Configure payment terms, payment methods and currency exchange types
Reading
M2 — Ledgers, Journals and Cash Management
Configure accounting and reporting currencies and the exchange rate table
Reading
Run a currency revaluation posting profile and review the revaluation report
Reading
Create journal names, vouchers, batch processing and posting restriction rules
Reading
Post journal entries by hand and through Excel templates, then reverse them
Reading
Set up bank groups, bank accounts, payment formats and bank reconciliations
Reading
Configure intercompany accounting, shared payments and customer and vendor netting
Reading
M3 — Accounts Payable and Expense Management
Configure invoice validation policies and matching with tolerances
Reading
Process vendor invoices, credit memos, prepayments and recurring invoices
Reading
Set up vendor payment methods, centralised payments and vendor ledger accounts
Reading
Apply accounts payable charges, foreign currency revaluation and payment holds
Reading
Configure expense categories, per diem and mileage rules and report policies
Reading
Build the vendor invoice journal and match it back to the purchase order
Reading
M4 — Accounts Receivable, Credit and Collections
Process free text invoices, sales order invoices, credit memos and prepayments
Reading
Configure customer posting profiles, payment methods and recurring invoices
Reading
Set up credit management, credit limits and the credit hold that stops an order
Reading
Run the collections cycle with collection activities, letters and aged balances
Reading
Process customer write-offs, interest notes and accounts receivable charges
Reading
Configure billing schedules, contract billing and revenue deferral rules
Reading
M5 — Tax, Cost Accounting and Fixed Assets
Set up sales tax groups, item sales tax groups, tax codes and settlement periods
Reading
Configure tax authorities, tax exemptions and withholding tax groups
Reading
Settle and post sales tax, then reconcile the tax ledger to the return
Reading
Configure costing versions, costing sheets, cost groups and item cost prices
Reading
Set up fixed asset groups, books, depreciation profiles and posting profiles
Reading
Post fixed asset acquisition, depreciation, transfer and disposal transactions
Reading
M6 — Budgeting, Forecasting, Reporting and Copilot in Finance
Build budget models, budget codes, allocation terms and budget register entries
Reading
Configure budget control rules, budget groups and over budget permissions
Reading
Set up budget plans, scenarios, allocations and the organisation hierarchy
Reading
Compare budgeted values with actuals and run the budget variance report
Reading
Model finance data for Power BI with entity views, aggregates and OData feeds
Reading
Use Copilot in Dynamics 365 Finance for variance analysis and reconciliation questions
Reading
M7 — Period Close, Consolidation and Audit Trail
Design the period close calendar, closing workspace and end of year process
Reading
Run a legal entity consolidation and elimination through Consolidation online
Reading
Configure ledger settlement for shared accounts and intercompany balances
Reading
Reconcile bank, subledger and general ledger balances until suspense is empty
Reading
Preserve the audit trail with document handling, versioning and posting history
Reading
Control access with segregation of duties and a review of the change history
Reading
M8 — Capstone: Run a Month End Close on a Finance Implementation
Build the chart of accounts, dimensions and posting profiles for the client
Reading
Post the first month of sales, purchase, inventory and intercompany transactions
Reading
Run currency revaluation, tax settlement and bank reconciliation with evidence
Reading
Close the period, consolidate two legal entities and clear the suspense account
Reading
Produce the budget versus actual report and the management review pack
Reading
Sit a timed MB-310 practice paper and score it by the five published domains
Reading
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