United States
United States
Financial Consolidations in Microsoft Dynamics 365 for Finance and Operations is a financial reporting and analysis tool that enables companies to aggregate their multiple legal entities into one consolidated entity. It allows for more efficient and accurate reporting of financial information, resulting in improved financial visibility.
This course will walk learners through the different aspects of setting up Financial Consolidations, from setting up organizations and fieldbooks, to configuring and maintaining consolidation records. It will also introduce different reporting options such as statements of financial position and statement of comprehensive income, and explain how to set up Posting rules and Financial dimensions. The course will also cover how to troubleshoot errors and perform monetary value reconciliation. In addition, learners will gain practical experience working with Financial Consolidations in practical exercises. The course will be a valuable resource for Dynamics 365 users who are setting up and managing financial consolidations in their organization.
Get 1on-1 session with our expert trainers at a date & time of your convenience.
Flexible Dates
Start your session at a date of your choice-weekend & evening slots included, and reschedule if necessary.
4-Hour Sessions
Training never been so convenient- attend training sessions 4-hour long for easy learning.
Destination Training
Attend trainings at some of the most loved cities such as Dubai, London, Delhi(India), Goa, Singapore, New York and Sydney.| Live Online Training (Duration : 8 Hours) | |||
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This course is intended for financial professionals who have:
• Knowledge of the general ledger
• Experience with Microsoft Dynamics 365 for Finance and Operations
• Working knowledge of Master Data Management (MDM)
• Working knowledge of legal entities and legal reporting
• Working knowledge of financial reporting systems
The target audience for financial consolidations in Microsoft Dynamics 365 for Finance and Operations training would include professionals working in finance, accounting, and operations roles who are responsible for consolidating the financial data of their organization across various subsidiaries or divisions
They should have an understanding of accounting, financial planning and budgeting, and be comfortable working with ERP software
They should also have an understanding of consolidation concepts such as currency conversions, eliminations, and inter-company transactions, as well as a working knowledge of Microsoft Dynamics 365 for Finance and Operations
Additionally, those leading complex efforts, such as multi-currency, multi-entity consolidations, foreign currencies, or similar requirements, should participate in the training
These professionals would benefit the most from learning how to accurately and efficiently consolidate the financials of their organization
1. Get a full understanding of the Microsoft Dynamics 365 for Finance and Operations architecture and how it relates to financial consolidations.
2. Learn how to plan and configure consolidations in the Dynamics 365 system.
3. Discover how to consolidate financials and data with multiple companies, currencies and consolidation methods.
4. Understand how to use calculations and eliminations to prepare the consolidated financial statements.
5. Learn how to track correspondences and make sure data warnings are being addressed.
6. Get an overview of how Dynamics 365 for Finance and Operations handles equity, maps and valuation methods for consolidations.
7. Acquire knowledge on how to use Dynamics’ reporting capabilities to generate financial reports or review transactions.
8. Develop the ability to reconcile data across multiple subsidiaries and currencies.
