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Free VCE files for Microsoft Dynamics 365 MB-300 certification practice test questions and answers, exam dumps are uploaded by real users who have taken the exam recently. Download the latest MB-300 Microsoft Dynamics 365: Core Finance and Operations certification exam practice test questions and answers and sign up for free on Exam-Labs.
Microsoft Dynamics 365 MB-300 Practice Test Questions, Microsoft Dynamics 365 MB-300 Exam dumps
Introduction
1. Jobs, Roles and Estimated Income
Hello and welcome to this session. I would like to give you a heads up about the roles you might be able to apply for once you've learned Dynamics 365. If you search on the Internet for "Dynamics X 365 Jobs," you'll see that there are several job opportunities out there for Dynamics 365 Finance and Operations experts. As we look into statistics, we can easily see that the demand for Dynamics 365 exports has increased greatly over the past few years, and a lot of organisations are seeking individuals that have deep knowledge of the tool. Some of the roles that you can look into are those of a functional consultant or a business analyst. in any areas you are more interested in, such as finance, supply chain, or manufacturing. If you are already familiar with the typical processes of any of those areas, let me assure you that the tool can be extremely simple to use, and you will be astounded by the amount of flexibility and features that the product can offer you. You can also take the Dynamics 365 Finance and Operations Administrator role, in which you're expected to have some Azure fundamental knowledge as you are expected to manage different environments, plan the deployments, manage data migrations, and manage security. If you have a development background and are interested in development, you can work as a Dynamics 365 Finance and Operations Developer and extend the current tool based on your organization's needs using the X Plus Plus language. And if you have a lot of years of experience and strong knowledge of the tool, you can take the Dynamics 365 Finance and Operations Solution architectural. The cool thing is that, in general, in terms of income, they are well paid as well. If you check the Internet, you'll be surprised to learn that the starting salaries for a BA working on finance and operations start at $85K, depending on the company. So it means that the baseline starts from a very good point. Isn't it good news? Of course, the more knowledgeable you are about the tool, the higher your salary will be, and it can easily reach 115K for a Bafunctional consultant and 180K+ for a Solution Architect. Bottom line: It can seem scary at the beginning, but as you start working with it, you see that the tool is so intuitive, and you just need to know the typical processes of the tasks that can be performed in each area. And once you're comfortable with that, you are ready to be an expert in a very short time. Now, just for fun, let's do a quick search together. I'm going to search for Dynamics 365 Jobs, and as you can see from the first quick search in my Google result, some of the jobs appear to be available here. And this is interesting. The title is Dynamics 365 F and a Business Analyst and it shows up to 135K salary income. I'm going to click on the 25 more jobs to see what else we can expect. Please keep in mind that this list is filtered out based on my location. And if I remove the location, of course the list will grow. However, the results show that there is still a high demand for Dynamics 365 Finance and Operations jobs. Let's look into some of the titles as you see fan of Business Analyst, Fnal Support Developer, developer, Solution, Architect, Finance Consultant, solution, Architect, Business Analyst and so on, so forth. So the titles we already covered them, so I believe this can give you a vision of what you can expect in terms of opportunities available to you once you learn Dynamics 365 Finance and Operations.
2. Course outline
Hello and welcome to MB-300, the Finance and Operation course. So we are starting the finance and operations learning journey together. Then let's see what the plan is for this course and what your final achievement will be. Okay, so first we're going to kick off the course by getting an overview of Dynamics 365's architecture, and then we'll learn about various applications that are in the Dynamics 365 product. So you learn about the Dynamics 365 application suite. Then we'll continue by focusing on the Finance and Operations application, which is the main target of this course. And we first get access to a free trial of the application, and we'll learn about the various areas and elements in the app, and we'll learn how to navigate the system and what the navigation elements are. Then we'll learn about organisation setup, which is the first phase of ERP implementation. We'll learn how to create a brand new legal entity. We'll learn about the notion of a sequence number with a Fano application and how we can configure a sequence number in the system. We'll be familiar with the global address book concept within the Fano application, and then we'll create a new party and see how we can assign different rules to this party such as customer, vendor, and so on. Then we started to learn about how to plan and implement security and the Fan application, which is another step of ERP implementation, by first learning about security architecture and the security elements that are in the FNL product. And then we'll learn more steps on how to configure security within the FNO application. We then continue with how to work with workflows in FNL, and we'll learn what exactly a workflow is and how we can create a new workflow in the system. We then focus on functional areas within the application, which we started with (finance), and we're going to get an overview of finance first. And then we'll learn about the General Ledger module, and we'll learn what the General Ledger is and what tasks can be performed within this module. We then learn about Chart of Accounts and Main Accounts, both parts of the General Ledger module, and the financial dimensions and currencies set up within that module. Then we focus on the Accounts Payable module. We'll first get an overview of the Accounts Payable module. Then we'll learn how to create a purchase order or purchase order invoice within the Accounts Payable module. After that, we'll get an overview of the Accounts Receivable module and the tasks that can be performed within it. And then we'll start to try the creation of a sales order in the system and the creation of a sales order invoice within the system. Then we're going to get an overview of cash and bank management processes, and we're going to see exactly what tasks can be performed in this module. Then we'll focus on supply chain management, part of F and Product. Okay, first we're going to get an overview of the modules that exist within supply chain management and what exactly the high-level picture of supply chain management is. We also learn how to create a product and release it as a legal entity. We'll learn about units of measurement and unit conversion in supply chain management, which is a topic covered in the MB-300 exam. That's why I've dedicated a session for this topic to make sure that you are able to answer these types of questions. The last topic that we're going to cover within this course is to learn core concepts and common processes in FNA to support manufacturing. We first learned about the Unified Manufacturing Concept within FNO, and we'll see how FNO supports three different manufacturing types. And then we'll focus on production control core concepts, and we'll review some of the key core concepts such as bomb resources or routes and operations. And at the end, we're going to look into the production lifecycle and the different statuses that the product can get during the production lifecycle. By the way, don't forget that at the end of each module, we have some questions, quizzes, and assignments that show you whether you're comfortable with the module's content or you need to review some sessions. So now let me know. Are you as excited as I am? Then what are you waiting for? Let's get started.
Dynamics 365 overview
1. Dynamics 365 Overview
Let's see what the plan is for this module. In this module, we'll learn about the Dynamics 365 platform and become familiar with the applications that are built on top of the 60 Live platform. At the end of this module, you'll understand the link between finance and operations, CRM, and the rest of Microsoft products that are built under the Dynamics 365 umbrella. Even though in this course we'll be focusing on finance and operations products, it's important to know the common platforms and other related applications. Not only is this mandatory for the MB-300 exam, but it is also so helpful for yourself when you get a job as a consultant and are able to give advice and application solutions based on the organization's needs. I will also explain about the Dynamics 365 Architectural SaaS model, and we'll discuss the subscription and billing mechanisms behind it. We'll also learn what the relationship is between Azure accounts and subscriptions. At the end of this module, we'll get access to Dynamics 365 Finance and Operations as a free trial, so that during the course we can practise the topics we'll learn together and try them in the application. We'll very briefly review the company data that Microsoft has provided for us to demonstrate the features and capabilities of the product.
2. Dynamics 365 Application suite
Hello and welcome to this session. Now let's learn a bit about Dynamics 365's product and its application suite. So Dynamics 365 unifies customer relations and ship management CRM with enterprise resource planning. ERP is built on the Power Platform. With this combination of technologies, such as artificial intelligence and mixed reality, you can create apps and share data across all applications. Now, let's get a sense of the business applications that are available in Dynamics 365. There are some model-driven apps derived from CRM and built on the common data service platform, recently called Database, such as Sales, with which you can keep track of your accounts and contacts and grow your sales from lead to order. Customer Service Customer service focuses on customer satisfaction by helping you manage the services you provide to customers and solving any case or issue that is reported by the customer. site-filled service It enables you to provide onsite service to customers by combining workflow automation, scheduling algorithms to assist workers while they are on site with customers, troubleshooting, and, finally, marketing, which allows you to automate your marketing process and convert prospects into business relationships. This app works seamlessly with Sales and has built in. Business intelligence. There are other groups of apps that are derived from enterprise resource planning and are designed for midsize to large organizations, such as finance. This app automates all global financial operations, monitors company performance in real time, predicts future outcomes, and makes data-driven decisions to drive business growth with available artificial intelligence. Supply chain management It helps you automate the manufacturing and supply chain operations by using available artificial intelligence features and the Internet of Things across planning, production, inventory, warehouse, and transportation management. Supply chain management can maximize operational efficiency, product quality, and profitability. commerce, which is formerly known as retail. With Commerce, you can build an Omni channel solution to unify back office, in-store, call center, and digital experiences. Human Resources. It was formerly called talent. It automates several staffing processes, from the hiring process to employee retention, benefits administration, training, and performance reviews. Project Service Automation The project service automation application, also called the PSA application, helps organizations efficiently track, manage, and deliver project-based services from the initial sale all the way to invoicing. There are also some other applications and tools available in Dynamics 365, so let's take a look at them. Business Central, which is kind of a mini ERP app, is a solution for small and midsized organizations to automate business processes including finance, manufacturing, sales, shipping, project management services, and more. Customer insights provide insights about customers' experiences. You can unify all your customer data across the full range of sources to get a single view of customers. Customer Voice It lets you capture, analyze, and act on customer and employee feedback with a survey solution. LinkedIn Sales Navigator with this app thatits data can be accessible within Microsoft. Sales is used to empower your sellers to sell their products more efficiently. Fraud Protection: It helps protect your e-commerce business and your customers against fraud and improve your customers' shopping experience. Remote Assist helps all employees in your organization work together from anywhere. It allows technicians to collaborate more efficiently by working together from different locations with Remote Assist on HoloLens, Android, or iOS devices. Virtual Agent: It is a virtual agent that can provide customer service. Customer service experts can easily create bots with AI-driven insights. AI Builder: With AI Builder, you can add AI capabilities to the apps you create and use it. Azure DevOps is a compound of development and operations. DevOps is a combination of people and processes that enables development, IT operations, quality, engineering, and security and produces more reliable products. Our platform includes three applications that are being used across all dynamics 365 application Suite such as Power Bi With this app, you can create dashboards and reports. Power Automate It is the app with which you can easily create automated workflows to synchronise a file, get notifications, send emails, collect data, and more. Power Apps: This app allows you to build apps that interact with data from a common data service or data verse. So that was a recap of the applications that are built on the Dynamics 365 platform.
3. 3-Dynamics 365 Architecture
Hello and welcome to this session. Now let's learn a few basics about some terms that you need to know about Dynamics 365. Microsoft has offered Dynamics 365 as software as a service, which means it is a cloud-based product and you do not need to buy it right away. Instead, you kind of rent it and pay for it as you go in monthly or yearly payments. So, the way the cloud-based model works, each organization will be considered a tenant, and these tenants can own one or several subscriptions. A subscription is linked to a payment setup, and each subscription will result in a separate bill. But if you request a free trial, the subscription will be created but will be expired after ascertain amount of time, which in our example Finance and Operation Free Trial is 30 days. In every subscription, you can add virtual resources like virtual machines, storage, network, applications, and more. In our scenario, we are requesting a dynamic 365 Finance and Operation instance, and a new subscription for fan new products will be created. On the other hand, every tenant is linked to a single Azure Active Directory instance, which is shared across all tenant subscriptions. Resources in one subscription are isolated from resources in other subscriptions. In some scenarios, an owner of a tenant might decide to have multiple subscriptions in order to use different payment methods or to isolate resources between different departments, projects, regional offices, and so on. Once we request Microsoft to get the Finance and Operations product as a free trial, which we will do in the next section, Microsoft asks us to provide a business email address. Based on this email address, a new Azure user account gets created in the Azure Active Directory, which will be unique and represent our company. They also create a new virtual machine for us on the Azure platform, and then one instance of the FNL product will be deployed on that virtual machine. We can access it through our Azure account, which is our email address. So now, next session, when we are getting access to the free trial version of the Finance and Operations product, you know what is happening behind the scenes?
4. 4- Get Access to F&O Free trial
Hello and welcome to this session. If you don't yet have access to Dynamics 365 FNproduct, I strongly suggest you request for a free trial on Microsoft side and start playing with a tool. But there is a prerequisite to accessing a free trial: you need to have a valid business email address with a unique domain name. So you can't use your personal email addresses, such as Gmail, Hotmail, or Yahoo, for requesting a free trial. In order to get a free trial, we're going to go to Trials Dynamics.com, and then you'll see the list of applications available for you, for which you can sign up and access the application you desire to play with. For our course, we're going to use Finance and Operation, and I'm going to click on this one just for testing. I'm going to give you my personal email address to show you the reaction of the system. I'll put my phone number down, and I'll just get started. And this tells me that it didn't work because it looks like you're using a personal email address. You need to use your work address. Okay? And we just need to get back in here, and I already have a business email address that I'm going to use for connecting to the product, so I would put that in there and get started. It doesn't need me to sign up again since I already have an account with Microsoft, it doesn't need me to again sign up. The only thing I have to do is sign in to my environment. I'll click on "sign in" again; it says there's no need to sign up because I already have a licence for Microsoft Dynamics. So far, it has only taken the Meta Finance and Operation apps. If you have several accounts, Microsoft usually asks you to pick the right one to sign in to the environment. Now we are in a Dynamics 365 Finance and Operations environment. There is a welcome message from the Microsoft team informing us about using the sample data that they have provided for us in the environment. The whole sample data belongs to a company called Contoso, which has several branches. And then in the Getting Started pane, it tells us that we can quickly launch various business processes that Microsoft has pre-configured for us. And if you click on "Let's Get Started," everything gets enabled for us and we can start using the tool.
Navigation in D365 F&O
1. Navigation in D365 F&O
Hello and welcome to this session. FNO is a great product, but a lot of the information features and tools that are available in the product can make it overwhelming for the users who are using it for the first time. So that's why this module is designed to simplify the product user interface for you so that you can easily work with it. Now this is the plan for this module. I walk you through the application and show you how to navigate the system. Then we will learn about navigation elements. Then we will have an overview of the modules. We will learn about the module patterns and then see the pages and different views within each page. Then we will look at the page and read the elements and available features for each one. We'll review some of the searching techniques within the system, and at the end we're going to have an overview of workspaces. We will learn exactly what workspaces are and how they drive productivity. So this is the plan for this module. Ready? Let's get started.
2. Quick tour in F&O application
Hello and welcome to this session. In this session, we'll take a look at the FANOS environment together and become familiar with different elements and sections within the tool. Once you open your Fan O application, the first thing that you see when you're using a trial environment is a welcome message from Microsoft, also informing you that there is sample data and sample setup within the environment so that you can try it out and learn about the features and processes. So I'm going to click on Dive In, and then it says you should click on Let's Get Started so that the features are enabled for you. I'm going to click on Let's Get Started. So in general, the first page that we see is the default dashboard, which contains multiple tiles. Each tile has this rectangular button that behaves like a menu item button. It's also used to navigate to or open pages. So if I click on Bank Management, for example, it takes me to a workspace where we will discuss it further in the next sessions. And now I'm in the Bank Management Workspace, anytime, wherever you are in the application. If you want to get back to your default dashboard, you have two ways. Either click on the Finance and Operations button in here or click on the Home button on the Navigation Pane. So this bar on the left side is called the Navigation Pane. I'm going to click the Home button. So now I'm back on my default dashboard. You can pin and unpin your navigation pane. So let's say it's on Pin right now. I can just click on this hamburger button in here, and the Navigation pane opens up, and then I can pin it if I would like to. But usually, because we want to have more space, we pin the navigation pane. So in the navigation pane, there are some buttons and menu items available such as Home, Favorites, Recent Workspaces, and Modules. At home, we saw its functionality already. I'm going to start first with modules and then get back to the rest of the menu items. If I open up the modules, you will see that there is a huge list of modules that exist within the tool, such as Accounts Payable, Receivable, Asset Management, Audit, Workbench, Comment, and so on and so forth. We're going to learn about most of them in upcoming sessions. But just for now, I wanted to show you what a module looks like. So now, if for instance, I click on the Accounts Payable Module, you'll see that there are several sub-menu items under this particular module, such as Workspaces, Vendors, Purchase Orders, Set Up, Policy Set Up, and many more. If I open any of these menus, I'll see a lot of pages underneath each, right? Such as on their purchase orders, I have all purchase orders, purchase orders assigned to me, and more. Assume that all vendors listed under the Vendors submenu item are the pages I visit the most frequently. If that's the case, it's going to be a little bit hard every time I come into Accounts Payable and access the page, right? So one of the cool features that Microsoft has provided is to make that page your favourite page, okay? So if I click the star icon beside each menu item, it's going to go under my Favorites menu, and then I can access it from there so that I don't need to come to the module, right? So I click on the All Vendors star icon, and when I return, close my modules, and return to my favorites, I'll see that All Vendors is accessible from the Favorites menu. So the next cool thing Microsoft has provided for us is, say you're already working on a lot of pages during the day. You go create a new vendor, go create a purchase order, pay some vendors through, for example, payments, and do a lot of stuff, right? And then, at the end of the day, you might forget what you were doing the day before, right? In order to help you remember the last visited pages, Microsoft keeps track of your latest or most recent activities or recent pages that you've visited. For example, if I open the All Vendors page, then this becomes my last page that I visited. Now if I go back to the Recent menu item, you'll see that All Vendors is the last page that I visited. And these are listed sequentially. So it means that before that I looked at all purchase orders, before that I was using data management, and so on and so forth. There is another menu item called Workspaces that lists all the workspaces that are defined within the system. I'm not going to go so much in detail about this because we have a dedicated session. We're going to discuss and elaborate on all the features and functionalities that exist within Workspaces. There is also a global search feature on top of the page where you can find your pages very easily instead of going to the modules and trying to find your pages. So let's say if I know the name of my page, which is All Customers, I'm going to type it in, and as soon as I enter some letters, you see that the system lists all the pages that have that in their name. These letters exist not only for the page name but also the location of the page within different modules. The one that I was looking for, for example, "Accounts Receivable Customers," if I click on it, it will redirect me to the right page. At the top right corner of the page, there is a drop-down list that lists all the legal entities that are defined within the Fano application. They all belong to the CONTOSO organisation that Microsoft has created for our testing. The cool thing about this feature is that as soon as I switch to another organization, the whole data across all the applications will be filtered based on that specific legal entity. So let's say now that if I switched from a USMF legal entity to the Contoso Orange Juice Company, all the information that I would see in the system would all belong to the USP-2 legal entity. So, besides the list of the company, there is a button called "Show Messages," which allows you to see any messages or notifications that you've received while working with the system or the setups. So if you click on it, you will see the list of the messages or notifications. But for now, I haven't received any.
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