- Article
Purpose of this document
This study guide should help you understand what to expect on the examand includes a summary of the topics the exam might cover and links toadditional resources. The information and materials in this documentshould help you focus your studies as you prepare for the exam.
| Useful links | Description |
|---|---|
| Review the skills measured as of March 29, 2024 | This list represents the skills measured AFTER the date provided. Study this list if you plan to take the exam AFTER that date. |
| Review the skills measured prior to March 29, 2024 | Study this list of skills if you take your exam PRIOR to the date provided. |
| Change log | You can go directly to the change log if you want to see the changes that will be made on the date provided. |
| How to earn the certification | Some certifications only require passing one exam, while others require passing multiple exams. |
| Certification renewal | Microsoft associate, expert, and specialty certifications expire annually. You can renew by passing a free online assessment on Microsoft Learn. |
| Your Microsoft Learn profile | Connecting your certification profile to Microsoft Learn allows you to schedule and renew exams and share and print certificates. |
| Exam scoring and score reports | A score of 700 or greater is required to pass. |
| Exam sandbox | You can explore the exam environment by visiting our exam sandbox. |
| Request accommodations | If you use assistive devices, require extra time, or need modification to any part of the exam experience, you can request an accommodation. |
| Take a practice test | Are you ready to take the exam or do you need to study a bit more? |
Updates to the exam
Our exams are updated periodically to reflect skills that are requiredto perform a role. We have included two versions of the Skills Measuredobjectives depending on when you are taking the exam.
We always update the English language version of the exam first. Someexams are localized into other languages, and those are updatedapproximately eight weeks after the English version is updated. WhileMicrosoft makes every effort to update localized versions as noted,there may be times when the localized versions of an exam are notupdated on this schedule. Other available languages are listed in theSchedule Exam section of the Exam Details webpage. If the examisn't available in your preferred language, you can request anadditional 30 minutes to complete the exam.
Note
The bullets that follow each of the skills measured are intended toillustrate how we are assessing that skill. Related topics may becovered in the exam.
Note
Most questions cover features that are general availability (GA). Theexam may contain questions on Preview features if those features arecommonly used.
Skills measured as of March 29, 2024
Audience profile
As a candidate for this exam, you analyze business requirements andtranslate them into fully realized business processes and solutions thatimplement industry-recommended practices. You have a fundamentalunderstanding of accounting principles and a deeper understanding offinancial operations as they relate to:
Core finance
Manufacturing
Retail
Supply chain management operations
As a candidate for this exam, you specialize in one or more feature setsof Dynamics 365 Finance including core finance, general ledger, tax,cost accounting, cost management, fixed assets, asset leasing,budgeting, revenue recognition, consolidation and elimination, creditand collections, cash and bank management, and expense management. Youunderstand the relationships between:
Finance and manufacturing
Retail
Supply chain management
Skills at a glance
Set up and configure financial management (40–45%)
Implement accounts receivable, credit, collections, and revenuerecognition (15–20%)
Implement and manage accounts payable and expenses (15–20%)
Manage budgeting (5–10%)
Manage fixed assets (10–15%)
Set up and configure financial management (40–45%)
Define and configure the chart of accounts
Describe use cases for financial dimensions
Define and configure the chart of accounts and main accounts
Describe use cases for main accounts categories, ledger accountaliases, and balance control accounts
Configure financial dimensions and dimension sets
Configure legal entity overrides for financial dimensions and mainaccounts
Create and configure account structures and advanced rules
Configure financial tags
Configure derived dimensions and financial dimension default templates
Configure accounts for automatic transactions
Configure ledgers and currencies
Configure and manage fiscal calendars, years, and periods
Configure the ledger
Describe and configure batch transfer rules
Set up currencies and conversions for a legal entity
Configure currency exchange types and rates
Implement and manage journals
Describe options for implementing voucher numbers in journals
Configure journal names
Set up journal controls and posting restriction rules
Describe and configure journal workflow approvals
Create voucher templates
Describe use cases for periodic journals and deferrals
Configure and apply accrual schemes
Set up intercompany accounting
Create templates to edit journals in Microsoft Excel
Perform reversing entries
Implement and manage cash and bank
Create and maintain bank groups and bank accounts
Describe electronic payment formats
Configure and process bank reconciliations including advanced bankreconciliations
Configure the cash flow forecast setup
Configure the cash flow automation setup
Enable and configure summarized bank transactions for vendor andcustomer payments
Implement cost accounting and cost management
Describe cost accounting processes and terms
Describe and configure the costing sheet including indirect costs
Configure cost groups
Implement inventory costing versions
Differentiate between inventory costing methodologies
Configure item model groups
Configure item groups and inventory posting profiles
Perform inventory closing and adjustment processes
Configure cost categories
Set up inventory value reports
Perform periodic processes
Define and demonstrate periodic closing processes and end-of-yearprocesses
Perform financial consolidation and elimination processes
Describe use cases and options for performing allocations
Implement foreign currency revaluation processes
Create and manage financial reports including modifying row, column,report definitions, and reporting tree
Configure, collect, and report taxes
Configure tax groups, tax codes, settlement periods, and jurisdiction
Configure tax ledger posting groups
Settle and post sales tax
Configure withholding tax groups, tax codes, and authorities
Implement accounts receivable, credit, collections, and revenue recognition (15–20%)
Implement and manage accounts receivable
Set up customers and customer groups
Configure and process free text invoices
Process sales order invoices and credit memos
Configure customer payment setup
Configure accounts receivable charges
Manage customer holds
Set up customer posting profiles
Process customer payments
Enable and configure customer change approvals
Perform foreign currency revaluation
Manage credit and collections
Configure credit management processes
Configure collections management processes
Manage delinquent customers
Prepare and send customer account statements
Manage customer credit limits and credit holds
Set up and process collection letters and interest notes
Configure aging definitions
Process aged balances
Configure revenue recognition
Configure journals and parameters for revenue recognition
Configure and implement revenue schedules
Enter and process revenue recognition transactions
Configure and use bundles
Implement and manage accounts payable and expenses (15–20%)
Implement and manage accounts payable
Configure invoice validation policies and invoice matching setup
Set up vendor groups, vendors and vendor posting profiles
Process purchase order invoices and credit memos
Configure vendor payments including payment terms, method of payments,and payment calendars
Configure accounts payable charges and apply changes to an invoice
Configure bank accounts and bank account approvals for vendors
Enable and configure vendor change approvals
Perform foreign currency revaluation
Configure vendor invoices and payment automation
Process the vendor invoice journal including voyage cost
Configure and use expense management
Configure expense management including categories, per diem options,mileage expenses, intercompany expenses, and personal expenses
Configure workflows for expense management
Describe use cases for expense management policies and the auditworkbench
Describe and configure credit card processing
Create and manage expense reports
Configure and manage cash advance settings
Create and manage travel requisitions
Manage budgeting (5–10%)
Implement basic budgeting
Configure budgeting components including budget models, codes,allocation terms, and transfer rules
Create and configure budget register entries
Compare budgeted values with actual values
Implement budget register entry workflows
Configure and manage budget controls
Configure budget controls including budget parameters, budget fundavailability options, budget control rules and groups, and over-budgetpermissions
Perform budget checks on documents and journals
Configure budget cycle time spans
Activate or deactivate budget control configurations
Configure and process budget plans
Define a budget planning process
Create or generate a budget plan
Configure budget planning by using scenarios, stages, allocationstages, stage allocations, and templates
Create a budget plan template
Configure and manage a budget planning workflow
Manage fixed assets (10–15%)
Implement and manage fixed assets
Create fixed asset groups and other fixes asset attributes
Configure fixed asset posting profiles
Configure fixed asset parameters
Describe the fixed asset lifecycle
Configure fixed asset books
Configure depreciation profiles
Create and manage fixed asset
Manage fixed asset groups and books mapping
Process fixed asset transactions
Process fixed asset disposal by using free text invoices
Process fixed asset acquisitions by using purchase orders, journals,and projects
Create fixed asset budgets and transfer the budgets to the budgetingmodule
Process fixed asset depreciation
Process fixed asset disposals and other transactions by using thefixed asset journal
Process fixed asset split, reclassification, and transfer
Implement asset leasing
Configure asset leasing
Manage asset leases
Analyze asset lease reports
Study resources
We recommend that you train and get hands-on experience before you takethe exam. We offer self-study options and classroom training as well aslinks to documentation, community sites, and videos.
| Study resources | Links to learning and documentation |
|---|---|
| Get trained | Choose from self-paced learning paths and modules or take an instructor-led course |
| Find documentation | Dynamics 365 documentation and learning modules Finance |
| Ask a question | |
| Get community support | Microsoft Dynamics Community |
| Follow Microsoft Learn | Microsoft Learn - Microsoft Tech Community |
Change log
Key to understanding the table: The topic groups (also known asfunctional groups) are in bold typeface followed by the objectiveswithin each group. The table is a comparison between the two versions ofthe exam skills measured and the third column describes the extent ofthe changes.
| Skill area prior to March 29, 2024 | Skill area as of March 29, 2024 | Change |
|---|---|---|
| Audience profile | No change | |
| Set up and configure financial management | Set up and configure financial management | No % change |
| Define and configure the chart of accounts | Define and configure the chart of accounts | Minor |
| Configure ledgers and currencies | Configure ledgers and currencies | No change |
| Implement and manage journals | Implement and manage journals | No change |
| Implement and manage cash and bank | Implement and manage cash and bank | No change |
| Implement cost accounting and cost management | Implement cost accounting and cost management | No change |
| Perform periodic processes | Perform periodic processes | No change |
| Configure, collect, and report taxes | Configure, collect, and report taxes | No change |
| Implement accounts receivable, credit, collections, and revenue recognition | Implement accounts receivable, credit, collections, and revenue recognition | No % change |
| Implement and manage accounts receivable | Implement and manage accounts receivable | No change |
| Manage credit and collections | Manage credit and collections | No change |
| Configure revenue recognition | Configure revenue recognition | No change |
| Implement and manage accounts payable and expenses | Implement and manage accounts payable and expenses | % increased |
| Implement and manage accounts payable | Implement and manage accounts payable | No change |
| Configure and use expense management | Configure and use expense management | Minor |
| Manage budgeting | Manage budgeting | % decreased |
| Implement basic budgeting | Implement basic budgeting | No change |
| Configure and manage budget controls | Configure and manage budget controls | No change |
| Configure and process budget plans | Configure and process budget plans | No change |
| Manage fixed assets | Manage fixed assets | No % change |
| Implement and manage fixed assets | Implement and manage fixed assets | No change |
| Process fixed asset transactions | Process fixed asset transactions | No change |
| Implement asset leasing | Implement asset leasing | No change |
Skills measured prior to March 29, 2024
Audience profile
Candidates for this exam analyze business requirements and translatethose requirements into fully realized business processes and solutionsthat implement industry recommended practices. They have a fundamentalunderstanding of accounting principles and a deeper understanding offinancial operations as they relate to core finance, manufacturing,retail, and supply chain management operations.
Candidates for this exam typically specialize in one or more featuresets of Dynamics 365 Finance including core finance, general ledger,tax, cost accounting, cost management, fixed assets, asset leasing,budgeting, revenue recognition, subscription billing, consolidation andelimination, credit and collections, cash and bank management, andexpense management. They understand the relationships between financeand manufacturing, retail, supply chain management, and projectoperations.
Skills at a glance
Set up and configure financial management (40–45%)
Implement accounts receivable, credit, collections, and revenuerecognition (15–20%)
Implement and manage accounts payable and expenses (15–20%)
Manage budgeting (5–10%)
Manage fixed assets (10–15%)
Set up and configure financial management (40–45%)
Define and configure the chart of accounts
Describe use cases for financial dimensions
Define and configure the chart of accounts and main accounts
Describe use cases for main accounts categories, ledger accountaliases, and balance control accounts
Configure financial dimensions and dimension sets
Configure legal entity overrides for financial dimensions and mainaccounts
Create and configure account structures and advanced rules
Configure financial tags
Configure financial dimensions for integrating applications
Configure derived dimensions and financial dimension default templates
Configure accounts for automatic transactions
Configure ledgers and currencies
Configure and manage fiscal calendars, years, and periods
Configure the ledger
Describe and configure batch transfer rules
Set up currencies and conversions for a legal entity
Configure currency exchange types and rates
Implement and manage journals
Describe options for implementing voucher numbers in journals
Configure journal names
Set up journal controls and posting restriction rules
Describe and configure journal workflow approvals
Create voucher templates
Describe use cases for periodic journals and deferrals
Configure and apply accrual schemes
Set up intercompany accounting
Create templates to edit journals in Microsoft Excel
Perform reversing entries
Implement and manage cash and bank
Create and maintain bank groups and bank accounts
Describe electronic payment formats
Configure and process bank reconciliations including advanced bankreconciliations
Configure the cash flow forecast setup
Configure the cash flow automation setup
Enable and configure summarized bank transactions for vendor andcustomer payments
Implement cost accounting and cost management
Describe cost accounting processes and terms
Describe and configure the costing sheet including indirect costs
Configure cost groups
Implement inventory costing versions
Differentiate between inventory costing methodologies
Configure item model groups
Configure item groups and inventory posting profiles
Perform inventory closing and adjustment processes
Configure cost categories
Set up inventory value reports
Perform periodic processes
Define and demonstrate periodic closing processes and end-of-yearprocesses
Perform financial consolidation and elimination processes
Describe use cases and options for performing allocations
Implement foreign currency revaluation processes
Create and manage financial reports including modifying row, column,report definitions, and reporting tree
Configure, collect, and report taxes
Configure tax groups, tax codes, settlement periods, and jurisdiction
Configure tax ledger posting groups
Settle and post sales tax
Configure withholding tax groups, tax codes, and authorities
Implement accounts receivable, credit, collections, and revenue recognition (15–20%)
Implement and manage accounts receivable
Set up customers and customer groups
Configure and process free text invoices
Process sales order invoices and credit memos
Configure customer payment setup
Configure accounts receivable charges
Manage customer holds
Set up customer posting profiles
Process customer payments
Enable and configure customer change approvals
Perform foreign currency revaluation
Manage credit and collections
Configure credit management processes
Configure collections management processes
Manage delinquent customers
Prepare and send customer account statements
Manage customer credit limits and credit holds
Set up and process collection letters and interest notes
Configure aging definitions
Process aged balances
Configure revenue recognition
Configure journals and parameters for revenue recognition
Configure and implement revenue schedules
Enter and process revenue recognition transactions
Configure and use bundles
Implement and manage accounts payable and expenses (15–20%)
Implement and manage accounts payable
Configure invoice validation policies and invoice matching setup
Set up vendor groups, vendors and vendor posting profiles
Process purchase order invoices and credit memos
Configure vendor payments including payment terms, method of payments,and payment calendars
Configure accounts payable charges and apply changes to an invoice
Configure bank accounts and bank account approvals for vendors
Enable and configure vendor change approvals
Perform foreign currency revaluation
Configure vendor invoices and payment automation
Process the vendor invoice journal including voyage cost
Configure and use expense management
Configure expense management including categories, per diem options,mileage expenses, and personal expenses
Configure workflows for expense management
Describe use cases for expense management policies and the auditworkbench
Describe and configure credit card processing
Create and manage expenses using expense report reimagined
Configure and manage cash advance settings
Create and manage travel requisitions
Manage budgeting (5–10%)
Implement basic budgeting
Configure budgeting components including budget models, codes,allocation terms, and transfer rules
Create and configure budget register entries
Compare budgeted values with actual values
Implement budget register entry workflows
Configure and manage budget controls
Configure budget controls including budget parameters, budget fundavailability options, budget control rules and groups, and over-budgetpermissions
Perform budget checks on documents and journals
Configure budget cycle time spans
Activate or deactivate budget control configurations
Configure and process budget plans
Define a budget planning process
Create or generate a budget plan
Configure budget planning by using scenarios, stages, allocationstages, stage allocations, and templates
Create a budget plan template
Configure and manage a budget planning workflow
Manage fixed assets (10–15%)
Implement and manage fixed assets
Create fixed asset groups and other fixes asset attributes
Configure fixed asset posting profiles
Configure fixed asset parameters
Describe the fixed asset lifecycle
Configure fixed asset books
Configure depreciation profiles
Create and manage fixed asset
Manage fixed asset groups and books mapping
Process fixed asset transactions
Process fixed asset disposal by using free text invoices
Process fixed asset acquisitions by using purchase orders, journals,and projects
Create fixed asset budgets and transfer the budgets to the budgetingmodule
Process fixed asset depreciation
Process fixed asset disposals and other transactions by using thefixed asset journal
Process fixed asset split, reclassification, and transfer
Implement asset leasing
Configure asset leasing
Manage asset leases
Analyze asset lease reports
