From the course: Microsoft Dynamics 365 Fundamentals (ERP) (MB-920) Exam Tips

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Dynamics 365 Finance features

Dynamics 365 Finance features - Dynamics 365 Tutorial

From the course: Microsoft Dynamics 365 Fundamentals (ERP) (MB-920) Exam Tips

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Dynamics 365 Finance features

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- [Instructor] The next core component you need to know for the Dynamics 365 exam is some of the finance features. In this first lesson, we're going to talk about legal entities, taxes, and costs, and I'll try to keep it as painless as possible. We're going to start with legal entities. If you took the other Dynamics course for MB910, you would have already come across legal entities. A legal entity for exam purposes is a registered organization. This organization must prepare and submit statements about the performance of a company. These statements could be balance sheets or profit and loss statements. In Dynamics 365, a legal entity will have a company ID. And finally, you need to understand that the primary address that is associated with the legal entity will dictate what region-specific features are available. Setting this up should not be taken lightly. Please consult with your Dynamics lead and other company…

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