As a candidate for this certification, you analyze business requirements and translate them into fully realized business processes and solutions that implement industry-recommended practices. You have a fundamental understanding of accounting principles and a deeper understanding of financial operations as they relate to:
- Core finance
- Manufacturing
- Retail
- Supply chain management operations
As a candidate for this certification, you specialize in one or more feature sets of Dynamics 365 Finance including core finance, general ledger, tax, cost accounting, cost management, fixed assets, asset leasing, budgeting, revenue recognition, consolidation and elimination, credit and collections, cash and bank management, and expense management. You understand the relationships between:
- Finance and manufacturing
- Retail
- Supply chain management
- Set up and configure financial management
- Implement accounts receivable, credit, collections, and revenue recognition
- Implement and manage accounts payable and expenses
- Manage budgeting
- Manage fixed assets
- CFOs (Chief Financial Officers)
- Finance Managers
- Financial Analysts
- Accountants
- Auditors who need to understand Dynamics 365 Finance for compliance purposes
- Compliance Officers dealing with financial regulations and reporting standards
- ERP (Enterprise Resource Planning) Consultants
- Financial Consultants
- Dynamics 365 Functional Consultants
- IT Professionals working with financial software
- Business Analysts focusing on finance operations
- Project Managers overseeing financial system implementations
- Operations Managers with a financial focus
- Professionals aiming to transition into finance-focused roles
Required
- Core competencies in Dynamics 365 Core
- Basic accounting skills
- Lesson: Get started with Dynamics 365 Finance
- Lesson: Configure currencies
- Lesson: Create fiscal calendars, years, and periods
- Lesson: Configure chart of accounts
- Lesson: Configure ledgers and journals
- Lesson: Perform general ledger daily procedures
- Lesson: Intercompany accounting
- Lesson: Configure ledger allocations and accruals
- Lesson: Configure and perform periodic processes
- Lab 1: Bank foreign currency revaluation
- Lesson: Configure accounts receivable
- Lesson: Perform accounts receivable daily procedures
- Lesson: Configure credit and collections
- Lesson: Process credit and collections
- Lab 2: Bank foreign currency revaluation
- Lesson: Configure Accounts payable
- Lesson: Perform Accounts payable daily procedures
- Lesson: Work with accounting distributions, invoice validations and settlements
- Lesson: Set up and use Intelligent OCR for vendor invoices
- Lesson: Get started with Expense management
- Lesson: Set up and configure Expense management
- Lesson: Create and process expense reports
- Lesson: Work with travel requisitions
- Lab 3: Breakdown of voucher
- Lesson: Configure and use basic budgeting and budget control
- Lesson: Configure and use budget planning
- Lab 4: Budget planning
- Lesson: Configure fixed assets management
- Lesson: Manage fixed assets
- Lesson: Set up Asset leasing
- Lesson: Work with Asset leasing
- Lab 5: Sell and purchase a fixed asset
A Dynamics 365 Finance Functional Consultant is responsible for implementing and configuring financial solutions using Dynamics 365 Finance. This role includes working with business stakeholders to gather requirements, setting up financial management processes, and ensuring that Dynamics 365 Finance meets the organization’s accounting, reporting, and financial needs.
To become a certified consultant, you should have a good understanding of core finance principles, experience with accounting and financial operations, and knowledge of Dynamics 365 Finance features like budgeting, fixed assets, cost accounting, and financial reporting. Familiarity with Power Platform and Dataverse is also advantageous.
There are no formal prerequisites for taking the exam, but it is highly recommended that candidates have a foundational knowledge of financial principles, along with hands-on experience in using Dynamics 365 Finance or similar ERP solutions.
The exam typically covers topics such as:
- Configuring and using essential components of Dynamics 365 Finance
- Setting up and managing core financial modules (General Ledger, Accounts Receivable, Accounts Payable)
- Managing budgeting, fixed assets, cost accounting, and financial reporting
- Implementing security, compliance, and reporting configurations
- Integrating Dynamics 365 with other Microsoft solutions.
To prepare, you can use resources such as Microsoft Learn, official study guides, practice exams, and instructor-led training courses. Hands-on practice with Dynamics 365 Finance is essential to reinforce your learning. Microsoft also offers various online training modules, webinars, and community resources to assist with exam preparation.
