Microsoft Dynamics AX Finance

INTRODUCTION TO DYNAMICS  AX

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Financials in Microsoft Dynamics AX 2009-Part I

CHAPTER-1

→ GENERAL LEDGER SETUP

  • Set up Currencies and Exchange Rates
  • Create Periods in a new fiscal year
  • Create Date intervals
  • Create, modify, and delete reason codes
  • Create a Dimension Value
  • Create a Dimension Focus
  • Set up allocation rules

CHAPTER -2

→ CHART OF ACCOUNTS SETUP

  • Create, edit, close, delete
    • Create a new account in the Chart of Accounts (COA)
  • Set up Account Allocation Terms
  • Set up System Accounts
  • View inquiries and reports related to the Chart of Accounts

CHAPTER -3

→ JOURNAL SETUP

  • Set up journal names
  • Set up journal controls
  • Create journal texts
  • Set up balance control accounts
  • Set up General Ledger parameters

CHAPTER -4

→ FINANCIAL FEATURES

  • Create, modify, and delete reason codes
  • Describe how and when to use the Fill utility

CHAPTER -5    

→ GENERAL LEDGER DAILY PROCEDURE

  • Create General Ledger Journals
  • Post multiple journals
  • Enter General Ledger Transactions
  • Create Approval Journals
  • Demonstrate data needed to create an Approval journal
  • Create a Voucher Template
  • Create and Retrieve Periodic Journals
  • General Ledger Transaction Reversal
  • Create General Ledger Reversing Entries
  • Inquire and Report on Daily Journal Transactions

CHAPTER -6

→ SALES TAX SETUP

  • Provide an overview on sales tax
  • Create Ledger Posting Groups
  • Create Sales Tax Authorities
  • Create Sales Tax Settlement Periods
  • Create Sales Tax Codes
  • Create Sales Tax Codes Intervals
  • Create Sales Tax Groups
  • Create Item Sales Tax Groups
  • Set up Sales tax jurisdictions
  • Create Sales Tax Transactions
  • Create Sales Tax Exempt Data
  • Calculate and Post Withholding Sales Tax

CHAPTER -7

→ BANK MANAGEMENT SETUP

  • Set up bank transaction types
  • Set up bank transaction groups
  • Set up bank parameters
  • Set up payment purpose codes
  • Set up bank groups
  • Create a bank account
  • Define the check layout for a bank account

CHAPTER -8

→ ACCOUNTS PAYABLE SETUP

  • Create a payment schedule
  • Create terms of payment
  • Create a payment day
  • Create a payment fee
  • Create a method of payment
  • Set up vendor groups
  • Set up posting profiles
  • Create a new vendor

CHAPTER -9

→ ACCOUNTS PAYABLE DAILY PROCEDURES

  • Explain the different invoice journals
  • Register an invoice journal
  • Approve an invoice register journal
  • Create an invoice excluding posting
  • Create an invoice journal
  • Use a voucher template to create vouchers
  • Create a payment proposal
  • Run a payment proposal for a marked settlement
  • Create a payment journal
  • Generate a payment
  • Describe invoice matching
  • Edit open transactions
  • Reverse a closed transaction
  • Define print management settings

CHAPTER -10

→ ACCOUNTS RECEIVABLE SETUP

  • Create a payment schedule
  • Create terms of payment
  • Create a payment day
  • Set up a cash discount
  • Create a payment fee
  • Create a method of payment
  • Set up customer groups
  • Set up posting profiles
  • Create a new customer

CHAPTER -11

→ ACCOUNTS RECEIVABLE DAILY PROCEDURES

  • Create a Free Text Invoice
  • Edit an Open Free Text Invoice
  • Create a Payment Proposal
  • Mark customer transactions for Settlement
  • Create a Payment Journal
  • Edit Open Transaction
  • Place an Accounts Receivable transaction on hold
  • Reverse a Settlement
  • Reimburse a Customer
  • Describe Reason codes in Accounts receivable
  • Print management settings
  • Print management setup

Financials in Microsoft Dynamics AX 2009-Part II

CHAPTER -1

→ BUDGETING

  • Create budget models and sub models.
  • Create Period Allocation Keys.
  • Enter budget numeric data.
  • Generate and print a budget.
  • Apply setup features to budgets.
  • Show how to simulate budgets.
  • Edit budgets.
  • Creating a revised budget versus modifying an existing budget.
  • Name the steps that are required to revise a budget.
  • View budget data.

CHAPTER -2

→ CASH FLOW MANAGEMENT

  • Understand the relationship of cash flow to other modules
  • Set up cash flow forecasting
  • Define a cash flow forecast budget model
  • Create cash flow transactions
  • Calculate cash flow transactions
  • View online data and print cash flow reports

CHAPTER -3

→ MULTICURRENCY

  • Exchange rate adjustments
  • Exchange rate adjustments in General Ledger
  • Exchange rate adjustments in Accounts Receivable
  • Exchange rate adjustments in Accounts Payable

CHAPTER -4

→ ADVANCED PAYMENTS

  • Create and process a bridging account method of payment
  • Set up and process electronic vendor payments
  • Set up and process electronic customer payments
  • Set up and process centralized payments
  • Set up and process prepayments
  • Set up and process bills of exchange
  • Set up and apply ledger accruals

CHAPTER -5

→ INTERCOMPANY ACCOUNTING

  • Review posting intercompany transactions
  • Review setup for intercompany accounting
  • Post an intercompany transaction
  • Trace an intercompany transaction
CHAPTER -6

→ CONSOLIDATIONS

  • Set up a consolidation company
  • Set up a subsidiary company
  • Perform a consolidation
  • View the Consolidations inquiry
  • View and delete consolidation transactions
  • Describe intercompany eliminations

CHAPTER -7

→ CUSTOMER ACCOUNT STATEMENT ,COLLECTION LETTER AND INTEREST

  • Print customer statements
  • Set up and create collection letters
  • Process collection letters
  • Set up interest codes
  • Calculate interest

CHAPTER -8

→ DIMENSIONS HIERARCHY

  • Concept of dimension sets, hierarchies, and rules
  • Create a dimension set
  • Create a dimension subset
  • Create a dimension set hierarchy
  • Create a dimension set rule

CHAPTER -9

→ XBRL TAXONOMY

  • Concept of XBRL taxonomy
  • Import XBRL taxonomy
  • Create an XBRL File from the Financial Statement
CHAPTER -10

→ YEAR-END CLOSE

  • Create a new fiscal year
  • Control transactions in a closing period
  • Stop or close a period
  • Create a closing sheet
  • Make adjustments or transfers between accounts
  • Transfer opening balances
  • Set up fiscal year close parameters
CHAPTER -11

→ FINANCIAL STATEMENTS

  • Create a dimension focus
  • Create a row definition
  • Design the structure of row definitions
  • Create a column definition
  • Print a financial statement
  • Create and print a financial statement
  • Create and print a dimension statement
  • View balances by dimension focus

Financials in Microsoft Dynamics AX 2009-Fixed Assets

CHAPTER -1

→ INTRODUCTION

  • Overview of Fixed assets
  • Review required functionality for Fixed assets
  • Integration of Fixed assets with General Ledger
  • Integration of Accounts Payable, Accounts Receivable
  • Integration of Project Accounting and Inventory Management modules

CHAPTER -2

→ SETUP PROCEDURES

  • Review system setup for Fixed assets
  • Review the basic setup requirements for the Fixed assets module
  • Value models, Asset Groups, Disposal and Posting profile
  • setup of Parameters within Fixed assets setup
  • Capitalization threshold
  • Fixed asset Purchase orders field group parameters
  • Create and modify Reason codes in Fixed assets
  • Depreciation conventions
  • Depreciation books overview
  • setup requirements for Fixed assets
  • Mass update depreciation conventions
  • Country and region-specific features in Fixed assets

CHAPTER -3

→ SETUP OF ASSETS

  • Functionality available in the Fixed asset table
  • Financial and non-financial information for assets
  • Set up a fixed asset
  • Use of inquiries in the Fixed asset table
  • Inquiries available in the Depreciation book form
  • Asset lending
  • Assigning bar codes to assets
  • Features of asset budgeting
  • Associate and manage fixed assets within the Projects form
  • Review the fixed asset details associated with a project or subproject

CHAPTER -4

→ ASSET TRANSACTIONS

  • Asset transaction types
  • Journals to manually enter fixed asset transactions
  • Create fixed assets in accounts payable
  • Control fixed asset acquisition transaction creation from accounts payable
  • Restrict user group permissions for posting fixed asset
  • Create a fixed asset record directly from accounts payable
  • Fixed asset receipt and Fixed asset issue account types
  • Set up the Fixed asset receipt and Fixed asset issue accounts
  • Use proposals to enter fixed asset transactions
  • Value adjustments for fixed assets
  • Fixed asset disposals
  • Types of asset transactions
  • Fixed asset transaction reversals
  • Asset replacement
  • Copy a fixed asset
  • Change a fixed asset group
  • Enter a fixed asset addition

→ INQUIRIES AND REPORTS

  • Review data inquiries available in Fixed assets
  • Review reports available in Fixed assets
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