Microsoft Certified: Microsoft Dynamics 365 Finance Functional Consultant Associate (MB-310)
Master core financial operations in Microsoft Dynamics 365 Finance and take control of your organisation's financial processes.
You'll configure and manage essential areas—general ledger, accounts payable/receivable, collections, budgeting, fixed assets, and cost management—while applying practical, role-specific tasks that deliver real efficiency every day.
You'll unlock powerful advanced features including tax calculations, netting processes, Excel journal publishing, sophisticated cost allocation, forecasting, and revenue recognition to sharpen financial accuracy and strategic decision-making.
Training Overview
Through hands-on exercises, realistic scenarios, and content refreshed for today's finance landscape, you'll gain the confidence to implement compliant, agile financial solutions that drive modern organisational success.
By the end of this course, you will be able to:
Configure essential financial management features, including the general ledger, tax engines, and financial dimensions.
Efficiently manage the full accounts payable and receivable lifecycle, including vendor/customer invoices, payments, settlements, and collections processes.
Administer fixed assets from acquisition through depreciation, disposal, and integration with cost accounting and inventory.
Implement robust budgeting and forecasting models, leveraging financial dimensions for accurate planning and variance analysis.
Automate complex tax calculations, journal entries, and approval workflows to reduce manual effort and errors.
Perform customer-vendor netting operations and handle reversal, correction, and adjustment workflows with confidence.
Generate, analyse, and interpret key financial reports—including trial balance, balance sheets, and income statements—to support informed decision-making and compliance.
These practical, role-aligned outcomes will equip you to streamline financial operations, improve accuracy, and deliver greater strategic value in Microsoft Dynamics 365 Finance.
Prerequitises
A fundamental understanding of financial principles and business processes
Course Agenda
Day 1: Financial Management Foundations
Core setup and configuration of the general ledger and tax engine
Set up legal entities, currencies, and the chart of accounts.
Configure journals, financial dimensions, and ledger allocations
Manage tax calculation and adjustment using the Dynamics 365 tax engine.
Automate journal line publication through Microsoft Excel (Labs: Create legal entities and COA, configure dimensions and allocations, set up tax codes and groups, publish journals from Excel)
Day 2: Accounts Receivable & Accounts Payable
End-to-end customer and vendor transaction management
Set up customer groups, payment schedules, terms, credit, and collections policies.
Manage revenue recognition
Run customer ageing and balance reports.
Configure vendors, terms of payment, cash discounts, and expense management policies
Manage invoice processing, payment proposals, and vendor invoice journals (Labs: Configure AR/credit policies and revenue schedules, process customer invoices and collections, set up AP workflows and expense policies, create and approve vendor invoices)
Day 3: Budgeting, Forecasting, Fixed Assets & Inventory Integration
Planning, asset lifecycle, and financial-inventory linkage
Configure budgeting structures, workflows, and budget control rules.
Integrate forecasting with actuals and perform scenario planning.
Set up fixed asset groups, books, and depreciation profiles.
Manage asset acquisition, disposal, and value adjustments.
Link inventory postings, item model groups, and posting profiles to financial ledgers (Labs: Build and control budgets, run forecast vs actual comparisons, create fixed asset records and depreciate, configure inventory-to-GL posting profiles)