MS Dynamics 365 – FFC

Identify and use common apps, features, and functionality

• Describe apps in the finance and operations portfolio
• Describe the main components of Dynamics 365 Commerce
• Describe uses cases for and capabilities of workspaces and mobile workspaces
• Describe case management
• Describe global address book features and their use cases
• Identify inquiry and report types available in a default installation
• Describe use cases for the Business document management and electronic reporting features
• Perform searches, save queries and views, create and use, record templates, and create filters

Extend app functionality by using Microsoft Power Platform technologies

• Identify use cases for Microsoft Dataverse
• Identify use cases for Power Apps
• Identify use cases for Power Automate
• Identify use cases for Power BI
• Identify use cases for Power Virtual Agents

Implement security

• Distinguish between roles, duties, privileges, and permissions
• Assign security roles to users based on requirements
• Describe segregation of duties
• Describe and use the security diagnostics tool

Design and create workflows and business events

• Describe use cases for workflows
• Design and create workflows
• Configure workflow properties, tasks, approvals, and elements
• Configure queues, workflow assignment hierarchies, workflow parameters, and troubleshoot workflows
• Manage workflow versions
• Trigger Power Automate flows by using business events

Configure organization administration features

• Set up and configure legal entities and operating units
• Configure and troubleshoot number sequences
• Create organization hierarchies
• Describe and apply user options
• Configure document handling for attachments
• Configure print management and form setup features

Configure system administration features

• Describe use cases for the Microsoft Excel Workbook Designer and the Microsoft Dynamics Office add-in
• Configure email (SMTP/Exchange)
• Create and maintain email templates
• Describe use cases for Entity store
• Create, export, and import personalization
• Publish saved views
• Set up and monitor batch jobs
• Set up alerts

Manage data

• Describe use cases for the Data Management framework
• Describe use cases for projects, data entities, and templates
• Copy configuration data between companies or legal entities by using the data management framework
• Describe use cases for the dual-write feature

Describe the migration process

• Identify common migration scenarios and tools in finance and operations apps
• Identify relevant data entities and elements based on given scenarios
• Identify data migration requirements

Prepare data for migration and migrate data to finance and operations apps

• Identify types of data including the master, transactional, reference, and parametric
• Generate field mapping between source and target data structures
• Import or export data by using the data management framework
• Support the transition between the existing and migrated systems
• Perform a test migration and validate the output from the process
• Implement data task automation

Test solutions

• Describe types of testing, including unit, regression, functional, and end-to-end
• Describe capabilities of available testing tools
• Track work items through a project implementation by using Azure DevOps
• create test cases and test plans by using Azure DevOps
• Automate and manage test cases by using the Regression Suite Automation Tool(RSAT)
• Create test scripts by using Task recorder and upload scripts to the Business process modeler or Azure DevOps

Describe and use Lifecycle Services tools

• Identify use cases for project asset libraries and shared asset libraries

• Describe environment purposes and topologies

• Differentiate between Tier 1 environment and other tiers

• Describe use cases for Business process modeler libraries

• Describe the types of environments including sandbox, test, and production

• Report production outages

Define and configure the chart of accounts

• Define and configure the chart of accounts and main accounts
• Describe use cases for main accounts categories, ledger account aliases, and balance control accounts
• Configure financial dimensions and dimension sets
• Configure legal entity overrides for financial dimensions and main accounts
• Create and configure account structures and advanced rules

Configure ledgers and currencies

• Construct fiscal calendars, years, and periods
• Configure the ledger
• Describe and configure batch transfer rules
• Set up currencies and conversions for a legal entity
• Manually enter currency exchange rates

Implement and manage journals

• Describe options for implementing voucher numbers in journals
• Configure journal names
• Set up journal controls and posting restriction rules
• Describe and configure journal approvals
• Create voucher templates
• Describe use cases for periodic journals
• Configure and apply accrual schemes
• Set up intercompany accounting
• Create templates to edit journals in Microsoft Excel
• Perform reverse entries

Implement and manage cash and bank

• Create and maintain bank groups and bank accounts
• Describe and configure electronic payment formats
• Configure and process bank reconciliations including advanced bank reconciliations
• Configure cash flow reports

Implement cost accounting and cost management

• Describe cost accounting processes and terms
• Configure cost accounting processes
• Create a cost accounting report by using the cost accounting report wizard
• Describe and configure the costing sheet and indirect costs
• Configure cost objects and cost groups
• Implement inventory costing versions
• Differentiate between inventory costing methodologies
• Configure item groups and post profiles
• Perform inventory closing and adjustment processes

Perform periodic processes

• Configure a financial period workspace and closing schedule
• Define and demonstrate periodic closing processes and end-of-year processes
• Perform financial consolidation and elimination processes
• Configure allocation terms for the main account
• Create and process ledger allocation rules
• Implement foreign currency revaluation processes
• Create and manage financial reports including modifying in grow, column, and report definitions

Configure, collect, and report taxes

• Configure tax groups, tax codes, settlement periods, and jurisdiction
• Configure tax ledger posting groups
• Prepare periodic filings including end-of-year tax reporting

Implement and manage accounts receivable

• Set up customers and customer posting profiles
• Configure and process free text invoices
• Process orders, invoices, and payments
• Configure customer payment setup
• Configure accounts receivable charges
• Configure bank accounts for customers
• Manage customer holds

Manage credit and collections

• Configure credit management processes
• Configure collections management processes
• Manage delinquent customers
• Prepare and send customer account statements
• Manage customer credit limits and credit holds
• Set up and process collection letters and interest notes

Configure revenue recognition

• Configure journals and parameters for revenue recognition
• Implement revenue schedules
• Enter and process revenue recognition transactions

Implement and manage accounts payable

• Configure invoice validation policies
• Set up vendors and vendor posting profiles
• Process orders, invoices, and payments
• Configure the vendor collaboration module
• Configure vendor payments including positive pay and payment calendars
• Configure accounts payable charges
• Configure bank accounts for vendors
• Configure accounts payable journal approval settings

Configure and use expense management

• Configure expense management including categories, per diem options, mileage expenses, and personal expenses
• Configure workflows for expense management
• Describe use cases for expense management policies and the audit workbench
• Describe and configure credit card processing
• Manage expense reports
• Configure and manage cash advance settings
• Create and manage travel requisitions

Configure and manage budget controls

• Configure budgeting components including budget models, codes, allocation terms, cycles, and transfer rules
• Configure budget controls including cycle time spans, budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions
• Create and configure registry entries
• Implement budget workflows
• Perform budget checks on documents and journals

Configure and process budget plans

• Define a budget planning process
• Plan a budget
• Create a budget plan by using scenarios, stages, allocation stages, stage allocations, and templates
• Create a budget plan template

Implement and manage fixed assets

• Create fixed assets and fixed assets groups
• Configure fixed asset parameters
• Describe fixed asset books and depreciation processes
• Configure fixed asset books
• Configure depreciation

Process fixed asset transactions

• Enable integration with purchasing, projects, and free text invoices
• Acquire, depreciate, and dispose of fixed assets
• Create fixed asset budgets and transfer the budgets to the budgeting module
• Estimate and perform elimination of a project to a fixed asset