Get started with D365 Finance

Question 1

What does finance do?

Answer 1

Finance helps business adapt quickly to changing market demands

Question 2

What does finance use?

Answer 2

Modern, user-friendly interface design that is flexible enough to run on any device and platform that supports Microsoft technology.

Question 3

Two objectives of a typical financial management system?

Answer 3

Maximize profit

Maximize wealth

Question 4

Maximize profit?

Answer 4

Earn maximum profits for the company in the short term and the long term.

Question 5

Maximize wealth?

Answer 5

Earning maximum wealth for the shareholders of the company

Question 6

General ledger?

Answer 6

Define and manage the legal entity’s financial structure

Question 7

Examples of general ledger module?

Answer 7

Accruals are used to track revenue

Allocate, distribute monetary amounts to one or more accounts

Question 8

Cash and management module?

Answer 8

Maintain company’s bank accounts and the financial instruments that are associated with those bank accounts.

Question 9

Instruments in cash and bank management?

Answer 9

Deposit slips
Checks
Bills of exchange
Promissory notes

Question 10

Tasks you can perform in C&BM?

Answer 10

Manage letters of credit and import collections for the purchase and sale of goods
Manage letters of guarantee to manage agreement by a bank

Question 11

Tax?

Answer 11

Every company must collected and pay taxes to various tax authorities.

Question 12

Accounts payable?

Answer 12

Sets up vendor groups, vendors, posting profiles, various payment options and parameters regarding vendors, charges, deliveries and destinations.

Question 13

Accounts receivable?

Answer 13

Lets track customer invoices and incoming payments

Question 14

Budgeting?

Answer 14

Forecasting and use financial insights to compare actuals against allocated budget.

Question 15

Fixed assets?

Answer 15

Items of values such as buildings, vehicles, land, and equipment, that are owed by a client.

Question 16

Cost accounting?

Answer 16

Collect data from various sources, such as general ledger

• Price updates
• Budgets
• Cost control

Question 17

Cost control?

Answer 17

Central point where managers are responsible for controlling a cost object or a set of cost objects within a dimension.

Question 18

Project management and accounting?

Answer 18

Interacts with the procurement and sourcing module to generate purchase orders, which will be settled in Accounts payable.

Question 19

Credit and Collections?

Answer 19

Collections customer pools help you organize your work
Collections agents can have their own customer pools
List pages organize collections customers, activities, and cases

Question 20

Electronic invoicing?

Answer 20

Multitenant hyper-scalable solution that allows for customizable electronic invoice document processing and document interchange. The logic is executed outside of Finance, and the processing and integration rules are freely customizable.