Summary
In this chapter, we covered the business model of inventory costing based on the business domain, the required configuration, and how to set up Microsoft Dynamics 365 for Finance and Operations in the inventory management module, as well as the integration concepts with the general ledger to map business requirements. We also covered the difference between the physical and financial updates model of Microsoft Dynamics 365 for Finance and Operations is the inventory transaction with marking functions, in addition to recalculations and closing processes. And finally, we covered the inventory value report, its setup, and its generation.
In the next chapter, we will discuss fixed assets master data and transactions.
