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

Chapter 3. Exploring Financial Dimensions

One of the major objectives of an ERP implementation is to provide clear business insights that can provide support for the organization's top management in the decision-making process. This requires analyzing the numbers, understanding them clearly, and then being able to examine the same numbers from different perspectives. Hence, a detailed structure is required to decide how an organization wants to analyze their numbers.

In this chapter, we will cover the following topics:

  • Understanding the concept of financial dimensions
  • Understanding the ledger account segmentation
  • Posting types in Microsoft Dynamics 365 for Finance and Operations
  • Exploring dimension reporting