Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By : Mohamed Aamer Ala El Din
Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By: Mohamed Aamer Ala El Din

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

Understanding Microsoft Dynamics 365 for Finance and Operations information source blocks


In this section, we will explore the information sources that eventually determine the strategic value of BI reporting and analytics. These are divided into three blocks. The first block is the detailed transaction level, the second is BI, and the third is executive decisions. These three blocks are explained in the following sections.

Detailed transactions block

At its roots, BI depends on capturing accurate transactional data from business processes at the first level of detail and transforming these processes into a regular flow of meaningful entries in an ERP solution, such as Microsoft Dynamics 365 for Finance and Operations. Application consultants should consider the reports that are required by the customers and certify that the required data points are captured through the recording process for daily transactions. Whenever possible, the application consultant has a responsibility to also challenge...