Description
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 assessment Financial Management in Microsoft Dynamics 365 for Finance and Operations.
What are the goals for this course?
- 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
- 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
What are the prerequisites to consume this course?
Module 01: General Ledger Workspace
- Navigate the General Ledger Workspace
Module 02: Currency and Exchange Rate Setup
- Currency and Exchange Rate Setup
- Enable Exchange Rate Providers
- Import Exchange Rates
Module 03: Fiscal Calendars
- Periods and Fiscal Year Setup
- Reason Codes
- Period Allocations
Module 04: Financial Dimensions
- Financial Dimensions
Module 05: Accounts Structures and Advanced Rules
- Configure Account Structures
- Advanced Rules
Module 06: Chart of Accounts
- Chart of Accounts
- Create Main Accounts
- Financial Dimension Sets
- Ledger Setup
Module 07: General Ledger Setup
- Accounts for Automatic Transactions
- General Ledger Parameters
- Journal Controls
- Additional Journal Name Settings and Posting Restrictions
- Balance Control Accounts
Module 08: Reporting and Inquiries
- Inquiries and Reports
- General Ledger Transactions and Reversals
Module 09: General Journals
- Journal Entry Process
- Journal Names
- General Ledger Journals — Part 1
- General Ledger Journals — Part 2
- Global General Ledger Journals
- Posting Multiple Journals
- Journals with Workflow Approval
- Voucher Templates
- Periodic Journals
Module 10: Ledger Accruals
- Ledger Accruals
Module 11: General Ledger Transaction Reversal
- General Ledger Transaction Reversal
- Reversing Entries
Module 12: Intercompany Accounting
- Posting Setup
- Post Intercompany Transactions
- Trace an Intercompany Entry
Module 13: Sales Tax Setup
- Ledger Posting Groups
- Sales Tax Authorities
- Sales Tax Settlement Periods
- Sales Tax Codes
- Sales Tax Exemption
- Sales Tax Groups
- Item Sales Tax Groups
- Amount Includes Sales Tax
Module 14: Sales Tax Entry
- Sales Tax Transactions
Module 15: Withholding Sales Tax
- Withholding Sales Tax
Module 16: Period End
- Module Objectives
- Multicurrency Setup
- Foreign Currency Revaluation
- Foreign Currency Revaluation Continued
- Periods and Fiscal Year Setup
- Period Allocations
- Closing Period Adjustments
- Create a New Fiscal Year
- Year End Close
- Year End Close Continued
Module 22: Eliminations and Consolidations
- Overview of Consolidations
- Set Up a Consolidation Company
- Set Up a Subsidiary Company
- Consolidation Groups
- Perform a Consolidation
- Consolidations using Financial Reporting
- Consolidations Inquiries
- Intercompany Eliminations
- Finance