Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

Overview of this book

Microsoft Dynamics 365 for finance and operations is a rapidly growing application and is widely used in enterprise organizations. Because of its ability to maximize business productivity, it is a fast-growing business application package in the ERP market. We will start by looking into ERP concepts, implementation needs, and interface design, giving you basic knowledge of financial management aspects and explaining key concepts along the way. To begin with, you'll be taken through the general ledger and financial dimension functions. You'll later learn about the sales tax mechanism and multi-currency in Microsoft Dynamics 365. We tackle each topic with focused examples and explanations on topics such as payable/receivable accounts, forecasting, cash and bank management, budgeting planning/control, and fixed assets. Finally, we walk you through intercompany, consolidation, costing basics, and financial reporting. By the end of this book, your finance team will have a much richer understanding of Microsoft Dynamics 365 for finance and operations and its powerful capabilities.
Table of Contents (24 chapters)
Title Page
Copyright and Credits
Dedication
Packt Upsell
Contributors
Preface
Index

Chapter 1. Getting Started with Microsoft Dynamics 365 for Finance and Operations

The Enterprise Resource Planning (ERP) application is a must for companies, irrespective of whether they are a small or big enterprise; it is a tool that gives visibility to management regarding the enterprise's performance on all levels. People should be familiar with the ERP concept, no matter who implements the solution or uses it (definitely, the level of detail varies between the user and the consultant, but the core is common). This chapter covers the following topics:

  • Understanding ERP characteristics
  • Discovering the ERP implementation team
  • Exploring key intentions for ERP implementations
  • Understanding the ERP module's integrations
  • Exploring ERP and reporting
  • Posting types in Microsoft Dynamics 365 for Finance and Operations
  • Exploring common terms used in ERP implementations
  • Exploring the Microsoft Dynamics Implementation Methodology – Sure Step
  • Exploring Microsoft Dynamics Lifecycle Services (LCS)
  • Looking at the Microsoft Dynamics 365 for Finance and Operations user interface