Microsoft Dynamics AX 4.0 Financials II (8637)

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Vendor: 
Microsoft
Subject: 
ERP
Overview: 

This two-day course explores the advanced financial functionality available in Microsoft Dynamics AX. Some of the topics covered include the set up and usage of budgeting, cash flow management, multi-currency, intercompany, and consolidated accounting. Additionally, students learn the multiple advanced payment options available in Microsoft Dynamics AX, XBRL taxonomy, collection letters and interest and year-end close functionality. This course is meant to be an extension of the Financials I - Microsoft Dynamics AX course by adding advanced topics to the base knowledge covered in Financials I.

Course Contents: 

Chapter 1: Budgeting
Lessons

  • Create Budget Models and Submodels
  • Create Period Allocation Keys
  • Enter Budget Numeric Data
  • Generate and Print Budgets
  • Additional Budgeting Functionality
  • Copy and Modify Budgets
  • View Budget Data

    Chapter 2: Cash Flow Management
    Lessons

  • 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 On-line Data and Print Cash Flow Reports

    Chapter 3: Multi-Currency
    Lessons

  • Exchange Rate Adjustments
  • Accounts Receivable and Accounts Payable Exchange Rate Adjustment
  • Set Up Currency Rounding

    Chapter 4: Advanced Payments
    Lessons

  • Create and Process a Bridging Account Methods of Payment
  • Set Up and Process Electronic Vendor Payments
  • Set Up and Process Electronic Customer Payments
  • Set Up and Process Prepayments
  • Set Up and Process Bills of Exchange
  • Set Up and Apply Ledger Accruals

    Chapter 5: Intercompany Accounting
    Lessons

  • Review Posting Intercompany Transactions
  • Review Setup for Intercompany Accounting
  • Post an Intercompany Transaction
  • Trace an Intercompany Transactions

    Chapter 6: Consolidations
    Lessons

  • Set Up Consolidation Company
  • Set Up a Subsidiary Company
  • Perform a Consolidation
  • Consolidation According to the FASB 52 Regulation
  • Consolidations Inquiry
  • View and Delete Consolidation Transactions

    Chapter 7: Collection Letters and Interest
    Lessons

  • Set Up and Create Collection Letters
  • Process Collection Letters
  • Set Up and Create Interest Codes

    Chapter 8: Dimension Hierarchy
    Lessons

  • Overall Concept of Dimension Sets, Hierarchies, and Rules
  • Create a Dimension Set
  • Create a Dimension Subset
  • Activate Dimension Set Hierarchy
  • Create a Dimension Set Hierarchy
  • Create a Dimension Set Rule

    Chapter 9: XBRL Taxonomy
    Lessons

  • Concept of XBRL Taxonomy
  • Import XBRL Taxonomy.
  • Create a Reference to a Row Structure
  • Create an XBRL File from the Financial Statement

    Chapter 10: Year-End Close
    Lessons

  • Fiscal Year-End Tasks
  • Creating a New Fiscal Year including:
  • Control Transactions in a Closing Period
  • Stop or Close a Period
  • Change a Module Status in a Period
  • Create a Closing Sheet
  • Make Adjustments or Transfers between Accounts
  • Set Up Fiscal Year Close Parameters
  • Transfer Opening Balances

    For more Information about the course outline
    and contents please CLICK HERE

    • Prerequisites: 

    Before attending this course, students must have:

  • Basic knowledge of accounting principles.
  • An understanding on how to navigate within Microsoft Dynamics AX.

    In addition, it is recommended, but not required, that students have completed:

  • The Microsoft Dynamics AX Financials I - Microsoft course.
    • Benefits: 

    After completing this course, students should be able to:

  • Understand how to set up and maintain budgets within Microsoft Dynamics AX.
  • Understand the cash flow functionality in Microsoft Dynamics AX.
  • Setup multicurrency and know how to create multicurrency transactions.
  • Understand the steps involved in using the Advanced Payments functionality within Microsoft Dynamics AX.
  • Understand how to set Intercompany accounting and create transactions in more than one company.
  • Understand the setup and steps involved in consolidating companies.
  • Understand the steps necessary to set up and process collection letters.
  • Understand how to create and use dimensions hierarchies.
  • Understand how to import and use XBRL taxonomy for financials statements.
  • Understand the processes available for a year end close within Microsoft Dynamics AX.
    • Audience: 

    This course is intended for individuals on the implementation team, administrating or using the financial management modules in Microsoft Dynamics AX. This audience typically includes individuals tasked with assessing a customer's business needs and advising them on the use, configuration and customization of the application. Additionally, individuals responsible for training or supporting Microsoft Dynamics AX benefit from this course.

    Materials Available: 
    Yes
    Duration: 
    16 hours
    For more information on Microsoft Dynamics AX 4.0 Financials II (8637) please feel free to contact us online or call us at 416-513-1535.