MS Dynamics 365 – FFC


9 Weeks

Entry Requirements

Minimum High School Diploma


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Course Delivery


Program Overview


Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate – Skills Measured

This certification will prepare students to write for MS 365 Core Finance and Operation Associate.



Microsoft Certificate

Study Outline

Week 1: Describe finance and operations apps, and extend apps by using Microsoft Power Platform technologies

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

Week 2: Configure administrative features and workflows

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

Week 3: Manage finance and operations data (25-30%)

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

Week 4: Validate and support solutions (20-25%)

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

Week 5: Set up and configure financial management (40-45%)

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

Week 6: Implement accounts receivable, credit, collections, and revenue recognition

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

Week 7: Implement and manage accounts payable and expenses

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

Week 8: Manage budgeting

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

Week 9: Manage fixed assets

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

Note: After the completion of week 9, students will write Exam MB-310: Microsoft Dynamics 365 Finance Functional Consultant