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80535: Finance Advanced in Microsoft Dynamics NAV 2013

Course Objectives

This two-day course provides students with the tools to set up the financial management application area. The focus is on the advanced financial functions within the organization such as multicurrency, cost accounting, cash flow forecast, and the VAT rate change tool. Furthermore, this course focuses on internal reporting and analysis functionality, in addition to the means for sharing data outside of the Microsoft Dynamics NAV environment, either through XBRL- a language for tagging financial data – or by exporting data to Microsoft Office Excel 2010.

Set up Intrastat for use in Microsoft Dynamics NAV 2013.
Explain how to run and submit Intrastat reports.
Explain and demonstrate the preparation of the VAT rate change process.
Explain and set up the VAT rate change tool.
Explain and demonstrate how to perform a VAT rate change.
Explain setup requirements for currencies and exchange rates when using multiple currencies.
Explain setup requirements using multiple currencies with customers, vendors, and bank accounts.
Describe steps and additional functionality for processing purchase and sales documents that use foreign currency.
Describe steps and additional functionality for recording and posting multicurrency transactions in the cash receipts journal.
Describe how to process multicurrency payments using the payments journal.
Describe how to run the Adjust Exchange Rates batch job for customers, vendors, and bank accounts.
Explain set up, viewing amounts, daily processing, and periodic processes when using an additional reporting currency.
Describe how to run the Adjust Exchange Rates batch job for G/L accounts.
Describe how to view the Exchange Rate Adjustment Register.
Explain the Budgets feature in Microsoft Dynamics NAV 2013.
Explain the G/L Budgets page elements.
Show how to set up budgets manually.
Explain how to delete budget entries.
Explain how to create budgets by using the Copy Budget function.
Explain how to create budgets by using the Export Budget and Import Budget functions.
Explain the workflow in Cost Accounting.
Explain and set up Chart of Cost Types, Chart of Cost Centers, Chart of Cost Objects, and Cost Accounting Setup.
Explain the relationship between the cost accounting and general ledger application areas.
Set up cost journals.
Explain how to create cost entries either through a transfer from G/L entries or through posting the cost journal.
Explain and set up cost budgets by using different copy functions.
Explain the transfer from budget to actual.
Explain and set up cost allocations.
Explain static and dynamic allocations.
Explain how to allocate costs and cost budgets.
Explain the cost registers and cost budget registers.
Explain the deletion of cost entries and cost budget entries.
Explain different cost accounting reports.
Provide tips and tricks.
Explain the functions of the cash flow forecast.
Explain the setup of the Chart of Cash Flow Account, Cash Flow Setup and Cash Flow Payment Terms.
Explain how to create cash flow forecasts by using Cash Flow Forecast Cards and Cash Flow Manual Revenues and Expenses.
Explain how the Cash Flow Worksheet is used.
Review the registration of the cash flow through Cash Flow Forecast Entries.
Explain the different Cash Flow Forecast Reporting possibilities.
Describe filtering and analysis pages related to the chart of accounts.
Explain how to set up an account schedule and explain other processes that relate to account schedules.
Demonstrate cost account schedules.
Demonstrate cash flow account schedules.
Describe types of dimensions.
Explain how to set up analysis views.
Explain the process of exporting analysis views to Microsoft Office Excel 2007, and describe the elements of the exported file.
Show how to generate analysis by dimensions and other dimension analysis reports.
Show how to set up a Finance Performance chart.
Explain the terminology associated with XBRL.
Explain how to import and update taxonomies.
Explain how to attach, update, and apply linkbases to taxonomies.
Describe pages that are related to XBRL lines, and explain how to enter XBRL line definitions
Demonstrate how to export an instance document.

Course Outline

Module 1: Intrastat
Set up Intrastat
Report Intrastat
Lab : Create an Intrastat Report
Module 2: VAT Rate Change Tool
Prepare for VAT Rate Change Tool
Set Up Using VAT Rate Change Tool
Perform VAT Rate Conversions
Module 3: Multicurrency
Currency Card and Exchange Rates
Set Up Multicurrency for Customers, Vendors, and Bank Accounts
Process Documents and Journals
Adjust Exchange Rates Batch Job for Customers, Vendors, and Bank Accounts
Reporting Currency
View the Exchange Rate Adjustment Register
Summary of Currency Exchange Rates
Lab : Process a Sales Invoice
Lab : Post Expenses in Foreign Currency
Lab : Update the USD:GBP Exchange Rate
Module 4: Budgets
Creating Budgets
Copying Budgets
Exporting and Importing Budgets
Lab : Create a budget
Lab : Copy a budget
Module 5: Cost Accounting
Workflow in Cost Accounting
Setting Up Cost Accounting
Cost Entries
Cost Budgets
Cost Allocation
Cost Accounting History
Cost Accounting Reporting
Tips and Tricks
Lab : Using Cost Journals
Lab : Set Up a Cost Budget
Lab : Set Up Cost Allocation
Module 6: Cash Flow Forecast
Functions of the Cash Flow Forecast
Setting Up Cash Flow Forecasts
Creating Cash Flow Forecasts
Cash Flow Forecast Reporting
Lab : Creating a Cash Flow Forecast
Lab : Entering Manual Revenues and Expenses
Lab : Using the Cash Flow Worksheet
Lab : Printing the Cash Flow Date List
Module 7: Financial Reporting and Analysis
Analyze the Chart of Accounts
Account Schedules
Analysis by Dimensions
Export Analysis Views to Microsoft Excel
Dimension-Based Reports
Combine Analysis Views with Account Schedules
Finance Performance Charts
Lab : Create a Detailed Account Schedule
Lab : Create a Cost Account Schedule
Lab : Create a Cash Flow Account ScheduleLab : Create an Analysis View
Lab : Create a Cash Flow Analysis View
Lab : Export an Analysis View to Microsoft Excel
Lab : Combine an Analysis View with an Account Schedule
Module 8: XBRL
XBRL Terminology
XBRL Specifications and Taxonomies
Work with Linkbases
Enter XBRL Line Definitions
Export the XBRL Lines
Lab : Annual Reporting with XBRL

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