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MBIT Training Ltd

General Ledger in Microsoft Dynamics 365 for Finance and Operations, Enterprise edition (81198)

This course reviews how to work with the General Ledger in Microsoft Dynamics 365 for Finance and Operations, Enterprise edition. It also reviews the currency and exchange rate setup, chart of accounts, general journals, intercompany accouting setup, sales tax setup and entry, period and year end processes, and finally eliminations and consolidations, and financial reporting.
SKU: 81198
GTIN: 81198
Manufacturer: Microsoft
£500.00 (GBP)

This course reviews how to work with the General Ledger in Microsoft Dynamics 365 for Finance and Operations, Enterprise edition. It also reviews the currency and exchange rate setup, chart of accounts, general journals, intercompany accouting setup, sales tax setup and entry, period and year end processes, and finally eliminations and consolidations, and financial reporting.

This course helps prepare you for exam MB6-895.

This course helps prepare you for assessment Financial Management in Microsoft Dynamics 365 for Finance and Operations.

Learning Objectives

  • Navigate the General Ledger Workspace
  • Set up Currencies and Exchange Rates
  • Enable Exchange Rate Providers
  • Import Exchange Rates
  • Set up Periods and Fiscal Years
  • Set up Reason Codes and Period Allocations
  • Create Financial Dimensions
  • Configure Account Structures and Advanced Rules
  • Create a Main Account
  • Create Financial Dimension Sets
  • Complete Ledger Setup
  • Review the account setup for Automatic Transactions
  • Review General Ledger Parameters
  • Discuss Journal Controls and Posting Restrictions
  • Set up Balance Control Accounts
  • Review Inquiries and Reports
  • Review the entry process for General Journals
  • Create Journals Names
  • Review the entry and posting of General Journals
  • Complete posting Global General Ledger Journals
  • Review posting multiple journals, journals with workflow approval and periodic journals
  • Discuss ledger accruals and transaction reversals
  • Review posting intercompany transactions
  • Review setup for intercompany accounting
  • Post an intercompany transaction
  • Trace intercompany transactions
  • Review ledger posting groups
  • Create Sales Tax Authorities
  • Set up Sales Tax Settlement Periods
  • Create Sales Tax codes and Exemption codes
  • Create Sales Tax groups and Item Sales Tax groups
  • Review Sales Tax Transactions
  • Demonstrate Withholding Sales Tax
  • Set up fiscal year end close parameters
  • Create a new fiscal year
  • Control transactions in a closing period
  • Hold or close a period
  • Create year-end adjustments
  • Make adjustments or transfers between accounts
  • Transfer opening balances to the new year
  • Describe what a consolidation is
  • Review Eliminations
  • General consolidation considerations
  • Complete a consolidation
  • Foreign currency considerations
  • Use Financial Reporting for consolidation reporting

Prerequisites

  • General knowledge of Microsoft Windows
  • Have a basic understanding of finance and accounting processes
  • Completed the Introduction to Microsoft Dynamics 365 for Finance and Operations, Enterprise Edition courses
  • The ability to use Microsoft Dynamics 365 for Finance and Operations for basic processing
  • General knowledge of basic navigation within Microsoft Dynamics 365 for Finance and Operations