Summary and resources

• 5 minutes

The content in this module provided a comprehensive overview of various financial and accounting concepts and processes in an organization. It began with explaining the Chart of Accounts (COA), which is an organizational tool that provides a breakdown of all the financial transactions conducted during a specific accounting period. It then discussed the main accounts, ledger, balancing financial dimension, and journal setup. The content also explained the concept of a fiscal calendar, which provides the base for the financial activity of an organization.

Now that you reviewed this module, you should be able to:

• Describe chart of accounts, including main accounts and classification.

• Describe financial dimensions and dimension set concepts.

• Describe periodic financial processes.

• Describe journaling concepts.

Resources

Use these resources to discover more.

• Plan your chart of accounts

• Financial dimensions

• Financial dimensions and posting

• Post periodic journals

• General journal processing

• Fiscal calendars, fiscal years, and periods

• Configure account structures

For further study

• Describe the general ledger in Dynamics 365 Finance

• Get started with chart of accounts in Dynamics 365 Finance

• Set up financial dimensions in Dynamics 365 Finance

• Configure and perform periodic processes in Dynamics 365 Finance

• Work with analytics and reporting in finance and operations apps

• Configure currencies in Dynamics 365 Finance

• Create fiscal calendars, years, and periods in Dynamics 365 Finance