Microsoft Dynamics NAV 2009 Finance (80041A)

Module 1: Financial Management Setup
This module explain the fields on the General Ledger Setup window. It also explains how set up Accounting Periods, and how to set up Trail Codes, Source Codes, and Reason Codes
Lessons
General Ledger Setup
Accounting Periods
Trail Codes
Lab : Create a Fiscal Year
After completing this module, students will be able to:
Understand the General Ledger Setup card.
Understand and work with accounting periods.
Navigate the audit trail.
Module 2: General Ledger
This module explain the use of the Chart of Accounts and the elements of the Chart of Accounts and the G/L Account Card.

It also explain the Budgets feature and the G/L Budgets page. It describes the process of setting up budgets manually, the additional budget processes, such as deleting budget entries, the process of creating budgets by using the Copy Budget function and the process of creating budgets by using the Export Budget and Import Budget functions.
Lessons
Chart of Accounts Overview
G/L Account Card
Chart of Accounts Page
Budget
Create Budgets Manually
Copy Budgets
Export and Import Budgets
Lab : Create a Revenue Account
Lab : Create a VAT Account
Lab : Create a Budget
Lab : Copy a Budget
After completing this module, students will be able to:
Understand and maintain the chart of accounts.
Understand the General Ledger Setup card.
Set up and work with budgets.
Copy and export budgets.
Module 3: General Journals
This module explain the General Journal entry and posting system. It describes how to create and post General Journal entries.

It also describe Recurring Journals, including the fields and allocations to recurring journals and it demonstrate how to use Recurring Journals with allocations and how to record accruals. It also explain the process of reversing and correcting journal entries.
Lessons
Journal Overview
Creating and Posting Journal Entries
Recurring Journals Overview
Processing Recurring Journals
Reversals and Corrections
Lab : Create a Journal Entry
Lab : Create and Post a Recurring Journal
After completing this module, students will be able to:
Understand the structure of journals, batches, and lines.
Create a journal template.
Create a journal batch.
Create and post journal entries.
Understand and use recurring journals.
Use general journals to post corrections.
Module 4: Cash Management
This module describe the Bank Account Card. It demonstrate the process for entering and posting payments received from customers and the process for entering and posting payments to vendors.

This module explain and demonstrate the process of financially voiding a check.
It also describe the Bank Account Reconciliation window, the options for populating the bank reconciliation lines and demonstrate how to process a bank reconciliation.
Lessons
Bank Account Overview
Entering and Posting Receivables Payments
Entering and Posting Payables Checks
Financially Voiding Checks
Bank Reconciliation
Lab : Create a Bank Account
Lab : Apply and Post Cash Receipts
Lab : Enter and Post Manual Checks
Lab : Suggest Vendor Payments for a Single Vendor
Lab : Financially Void a Check
After completing this module, students will be able to:
Set up new bank accounts.
Enter and post payments.
Suggest vendor payments.
Reconcile a bank account.
Module 5: Receivables Management
This module describes the Payments FastTab on the Customer Card.

It explain the Cash Receipt Journal, which is used to post payments received, the process of applying cash receipt payments and the process of unapplying entries to customer ledger entries. It also explain the process of reversing customer ledger entries.

This module explains how to use payment discounts and describes the transactions for various situations that benefit from payment discounts.

It explains how to use payment tolerance and describes the transactions for various situations that benefit from using payment tolerance.

This module also explain why and when Reminders and Finance Charge Memos are used, it explain how to use reminders and the process of creating and issuing reminders.

It also explain how to use finance charge memos and the process of creating and issuing finance charge memos.

Finally it describes how to review the Customer Ledger Entries and Detailed Customer Ledger Entries.
Lessons
Customer Card
Cash Receipt Journals Overview
Applying Cash Receipt Payments
Unapply Customer Ledger Entries
Reversal of Posted Journals
Set Up Payment Discounts
Process Payment Discounts
Set Up Payment Tolerance
Process Payment Tolerance
Reminders and Finance Charge Memos
Set Up and Assign Reminder Terms
Create and Issue Reminders
Set Up and Assign Finance Charge Terms
Create and Issue Finance Charge Memos
Analyzing Receivables
Lab : Apply and post a Cash Receipt
Lab : Applying a Payment after posting
Lab : Unapply Posted Ledger Entries
Lab : Reverse a Posted Journal Entry
Lab : Post a Payment with a Discount
Lab : Apply Posted Partial Payments with Discounts
Lab : Set Up a Payment Tolerance
Lab : Process a Payment Tolerance
Lab : Set Up a Reminder Term
Lab : Create and Issue Reminders
Lab : Create and Issue Finance Charge Memos
After completing this module, students will be able to:
Understand detailed customer ledger entries.
Analyze receivables accounts.
Use the Cash Receipts journal to apply cash.
Understand how to handle partial payments and foreign currencies.
Make corrections by Unapplying customer ledger entries.
Reverse journal postings.
Understand and work with payment discounts.
Understand and work with payment tolerances.
Understand and work with reminders and finance charge memos.
Module 6: Payables Management
This module describe the Payments FastTab on the Vendor Card window. It explain the Payment Journal, which is used to process payments. It also explain the Apply Vendor Entries window, used to apply payments to vendor ledger entries.

This module explain the process of entering and posting manual checks. it decribes the Suggest Vendor Payments batch job, which is used to generate open payables entries in the Payment Journal and how to create payments using the Suggest Vendor Payment batch job.

This module explain the process of printing and posting payments and explain the process of voiding printed but unposted payments.

It demonstrate how to apply payments to vendor ledger entries after posting, explain the process of unapplying vendor ledger entries and explain the process of reversing vendor ledger entries posted using journals.

It explains how to use payment discounts and describes the transactions for various situations that benefit from using payment discounts.

It explains how to use payment tolerance and the transactions for various situations that benefit from payment tolerance.

Finally it describes how to review Vendor Ledger Entries and Detailed Vendor Ledger Entries
Lessons
Vendor Card
Payment Journal Overview
Apply Vendor Entries Window
Post Manual Payables Checks
Suggest Vendor Payments Overview
Create Payments Using Suggest Vendor Payments
Print and Post Payables Checks
Void Unposted Checks
Apply Payments after Posting
Unapply Vendor Ledger Entries
Reversal of Journal Postings
Set up Payment Discounts
Process Payment Discounts
Set Up Payment Tolerance
Process Payment Tolerance
Analyze Payables
Lab : Enter a Manual Check
Lab : Suggest, Print, and Post a Vendor Payment
Lab : Void a Check
Lab : Apply a Credit Memo after Posting
Lab : Unapply a Payment
Lab : Reverse a Posted Journal Entry
Lab : Adjust the Payment Discount Amount
After completing this module, students will be able to:
Use payment journals, both manually and with the Suggest Vendor Payments feature.
Work with partial payments.
Understand payment discounts.
Understand how to void checks, posted and not posted.
Unapply vendor ledger entries.
Reverse journal postings.
Module 7: Prepayments
This module explain the requirements for setting up prepayments and how to set up and assign prepayment General Ledger accounts, for sales and purchases, and how to set up default prepayment percentages on customers and vendors and Customer-Item and Vendor-Item combinations.

It describes how to set up prepayment posting verification for sales and purchases and explain the prepayment processing flows for sales and purchase orders. It also describe the prepayment-specific fields on sales and purchase orders and how to create sales and purchase orders with prepayment percents and amounts and prepayment invoices from sales and purchase orders.

This module explain the processes available to correct posted prepayment invoices.
Lessons
Prepayments Setup Overview
Set Up Prepayment General Ledger Accounts
Set Up Number Series for Prepayment Documents
Set Up Prepayment Percentages for Customers and Vendors
Set Up Prepayment Percentages for Customer-Item and Vendor-Item Combinations
Set Up Check Prepayment When Posting
Prepayments Processing Flows
Prepayment Sales and Purchase Orders Overview
Process Prepayment Sales and Purchase Orders
Process Prepayment Sales and Purchase Invoices
Correct Prepayments
Lab : Set Up Prepayments for Sales
After completing this module, students will be able to:
Set up prepayments in the General Ledger.
Process prepayments, including the following:
Create an order requiring prepayment.
Create a prepayment invoice.
Review the corrections that can be made to prepayments
Module 8: VAT and Intrastat
This module explain the VAT settings on sales and purchase documents. It also explain the process of adjusting calculated VAT amounts in sales and purchase documents and journals.

This module demonstrate the process of recording Import VAT.

This module describe how to correct a posted VAT entry and print a VAT Statement. It explain and run the Calc. and Post VAT Settlement batch job.

This module explain the requirements of reporting Intrastat, how to set up Intrastat and the process of running and submitting Intrastat reports.
Lessons
Display VAT Amounts in Sales and Purchase Documents
Adjust VAT Amounts in Sales and Purchase Documents and Journals
Import VAT
VAT Correction
VAT Statements
VAT Settlement
Intrastat Reporting
Set Up Intrastat
Report Intrastat
Lab : Adjust a VAT Amount in a Sales Document
Lab : Adjust a VAT Amount in a Purchase Journal
After completing this module, students will be able to:
Use VAT Posting Setup.
Set up VAT posting groups.
Do manual VAT calculations in journals.
Show VAT calculations on sales and purchase documents.
Record/Post import VAT.
Demonstrate VAT corrections.
Understand VAT reporting.
Demonstrate VAT settlement.
Process unrealized VAT.
Adjust VAT for payment discounts.
Understand Intrastat reporting.
Module 9: Multicurrency
This module explain the setup requirements for currencies and exchange rates when using multiple currencies.
It also explains the setup requirements using multiple currencies with Customers, Vendors, and/or Bank Accounts and the additional functionality for using Purchase and Sales documents that have foreign currency.

This module describe the additional functionality when posting multicurrency transactions in the Cash Receipts Journal or the Payments Journal.
It describes the process of running the Adjust Exchange Rates batch job for Customers, Vendors, and/or Bank Accounts.
And It also explain the set up, viewing amounts, daily processing, and periodic processes when using an Additional Reporting Currency.

Finally this module explain the process of consolidations with companies using different currencies.
Lessons
Currency Card and Currency Exchange Rates
Set Up Multicurrency for Customers, Vendors, and Bank Accounts
Process Sales and Purchase Documents
Process Cash Receipts
Process Payments
Use the Adjust Exchange Rates Batch Job
Additional Reporting Currency
Consolidations with Multiple Currencies
Lab : Process a Sales Invoice
Lab : Post Expenses in Foreign Currency
Lab : Update the USD:GBP Exchange Rate
Lab : Adjust the ACY Exchange Rate
After completing this module, students will be able to:
Understand and use currency exchange rates.
Understand and use additional reporting currencies.
Module 10: Year End Closing Processes
This module explains how to close the accounting periods for the fiscal year, run the Close Income Statement batch job process and complete the closing process by posting the General Journal.
Lessons
Closing a Fiscal Year
Transferring Income Statement Account Balances
Posting the Journal
Lab : Post an Entry into a Closed Fiscal Year
After completing this module, students will be able to:
Perform standard end of year financial closing operations