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80219 and 80220 and 80302: Financials I, II and Fixed Assets in Microsoft Dynamics AX 2012 Accelerated

Course Objectives

NetCom’s Microsoft Dynamics AX 2012 Financials and Fixed Assets course explores some of the basic financial functionality available in Microsoft Dynamics AX. Students will be introduced to set up processes in General Ledger, Accounts Payable, Accounts Receivable, and the Bank module, as well as how to enter transactions in each.

The second part of this course explores topics such as the setup and usage of budgeting, cash flow management, multicurrency, intercompany, and consolidated accounting. Additionally, students learn about the multiple advanced payment options, how to produce customer account statements, collection letters, complete year-end close functionality, and produce financial statements.

The third part, Fixed Assets in Microsoft Dynamics AX 2012 examines and teaches students how to use the Fixed asset functionality in the application. The course focuses on the various setup requirements for Fixed Assets, transactions, and reports and inquiries.

The following courses are covered:

80219: Financials I in Microsoft Dynamics AX 2012
80220: Financials II in Microsoft Dynamics AX 2012
80302: Fixed Assets in Microsoft Dynamics AX 2012

Set up Basic Budgeting and configure Budget Controls.
Enter Budget Data.
Define an Encumbrance and complete year-end Commitments.
Set up Cash Flow Forecasting and create and calculate Cash Flow transactions.
Set up and run Foreign Currency Revaluation.
Set up and process Advanced Payments.
Set up Intercompany Accounting and post and trace Intercompany transactions.
Set up Consolidation and Subsidiary Companies.
Print Customer Statements, process Collection Letters, set up Interest Codes and calculate Interest.
Define Workflows and create financial module Approvals.
Complete Year-End steps and procedures.
Create and print Financial Statements.
Set up General Ledger.
Set up a Chart of Accounts.
Set up Journals.
Enter General Ledger Transactions.
Set up Sales Tax Components.
Set up Reason Codes and use the Fill Utility.
Set up Bank Accounts and Bank Parameters.
Enter Bank Transactions.
Set up Accounts Payable.
Enter Accounts Payable Transactions.
Set up Accounts Receivable.
Enter Accounts Receivable Transaction.
Define fixed assets and describe the integration of the Fixed assets module with General ledger, Accounts payable, Accounts receivable, Project accounting, and Inventory management modules.
Set up the Fixed assets module.
Set up assets.
Compare different fixed asset Transaction Types and methods for recording transactions.
Run inquiries and reports.

Course Outline

General Ledger Setup
Currency and Exchange Rate Setup
Periods and Fiscal Year Setup
Date Intervals
Reason Codes
Financial Dimensions
Financial Dimension Sets
Period Allocations
Chart of Accounts Setup
Main Account Categories
Chart of Accounts
Main Account Information
Main Account Administration Information
Main Account Setup Information
Configuring Account Structures
Advanced Rules
Ledger Setup
Accounts for Automatic Transactions
Inquiries and Reports Related to the Chart of Accounts
Journal Setup
Journal Setup
Journal Controls
Journal Descriptions
Balance Control Accounts
General Ledger Parameters
General Ledger Daily Procedures
General Ledger Journals
Enter General Ledger Transactions
Posting Multiple Journals
Approval Journals
Gathering Data for an Approval Journal
Voucher Templates
Periodic Journals
General Ledger Transaction Reversal
Reversing Entries – General Journal
Inquire and View Reports on Daily Journal Transactions
Sales Tax Setup
Sales Tax Overview
Ledger Posting Groups
Sales Tax Authorities
Sales Tax Settlement Periods
Sales Tax Codes
Sales Tax Code Intervals
Sales Tax Groups
Item Sales Tax Groups
Sales Tax Jurisdictions
Sales Tax Transactions
Sales Tax Exemption
Withholding Sales Tax
Financial Features
Financial Reason Codes
Fill Utility
Cash and Bank Management Setup
Bank Transaction Types
Bank Transaction Groups
Cash and Bank Management Parameters
Payment Purpose Codes
Bank Groups
Bank Accounts
Check Layout
Cash and Bank Management Daily Procedures
Create Checks
Delete a Check
Deposit Slips
Void Unposted Checks
Refund Checks
Bank Remittance
Payment Reversal
Reconcile a Bank Account
Accounts Payable Setup
Payment Schedule
Terms of Payment
Payment Days
Cash Discounts
Payment Fee
Methods of Payment
Vendor Groups
Accounts Payable Posting Profiles
Accounts Payable Vendors
Accounts Payable Daily Procedures
Invoice Journals in Accounts Payable
Invoice Register
Invoice Approval Journal
Vendor Invoice Pool Excluding Posting Details
Invoice Journal
Voucher Template
Payment Journals
Prepayments
Invoice Matching
Charges to Purchase Order Invoices
Edit Open Transactions
Reverse a Closed Transaction
Print Management
Accounts Receivable Setup
Payment Schedule
Terms of Payment
Payment Days
Cash Discounts
Payment Fee
Methods of Payment
Customer Groups
Accounts Receivable Posting Profiles
Accounts Receivable Customers
Accounts Receivable Daily Procedures
Free Text Invoice – Description and Usage
Payment Journals
Edit Open Transactions
Placing an Accounts Receivable Transaction on Hold
Reverse Settlements
Reimburse a Customer
Reason Codes
Print Management
Budgeting
Budgeting Overview
Basic Budgeting Setup
Budget Control
Configuring Budget Control
Use and Manage Budgets
Budget Amounts
Using Budget Control
Budget Reporting and Inquiries
Budget Transaction Web Services
Integrated Budgeting
Transfer Budgets To and From General Ledger
Commitment Accounting
Defining Purchase Order Encumbrances
Setting Up Encumbrances
Purchase Order Encumbrance Transactions
Encumbrance Year-End Process
Cash Flow Management
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
Multicurrency
Setup
Foreign Currency Revaluation
Accounts Receivable and Accounts Payable Exchange Rate Adjustments
Advanced Payments
Bridging Accounts
Electronic Vendor Payments
Electronic Customer Payments
Centralized Payments
Prepayments (Deposits)
Bill of Exchange Administration
Ledger Accrual
Intercompany Accounting
Post Intercompany Transactions
Intercompany Posting Setup
Post an Intercompany Transaction
Trace an Intercompany Entry
Consolidations
Set Up a Consolidation Company
Set Up a Subsidiary Company
Perform a Consolidation
Consolidations Inquiry
View and Delete Consolidation Transactions
Intercompany Eliminations
Collections Management
Customer Account Statement
Set Up Collection Letters
Process Collection Letters
Set Up Interest Codes
Calculate Interest
Managing Collections and Collection Agents
View and Manage Collections Information
Advanced Collections Management Tasks
Financial Workflows
Workflow Types
Workflow Configurations
Workflow Approvals
General Ledger Workflow
Accounts Payable Workflow
Accounts Receivable Workflow
Managing Workflows
Year-End Close
Create a New Fiscal Year
Control Transactions in a Closing Period
Create and Post a Closing Sheet
Transfer Opening Balances
Financial Statements
Financial Statement Setup
Financial Statement Row Definition
Financial Statement Column Definition
Print a Financial Statement
Create a Balance Sheet
Dimension Reports
XBRL Taxonomy
Introduction
Fixed Assets Overview
Structure
Integration with Other Modules
Setup Procedures
System Setup for Fixed Assets
Fixed Assets Module Setup
Parameters
Depreciation Methods
Depreciation Conventions
Depreciation Books Overview
Extended Functionality Features – Provision Types and Bonus Depreciation
Mass Update Depreciation Conventions for a Depreciation Book
Setup of Assets
Fixed Assets Form
Set Up Assets
Lend Assets
Assign Bar Codes to Assets
Asset Budgeting
Project Module Integration to Fixed Assets
Asset Transactions
Scenario
Typical Fixed Asset Transaction Types
Record Acquisitions
Create and Acquire Fixed Assets from Purchasing
Record Depreciation
Record Value Adjustments
Record Disposals
Transaction Reversals
Replacement Cost and Insured Value Update
Copy Fixed Assets and Change Fixed Asset Groups
Fixed Asset Additions
Inquiries and Reports
Inquiries
Reports

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