Financials II in Microsoft Dynamics AX 2009

QA Ltd.
Aberdeen, Birmingham, Bristol, Edinburgh, Exeter, Glasgow, Leeds, London, Manchester, Slough, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' This two-day instructor-led collection explores the advanced financial functionality of Microsoft Dynamics AX. Some topics that are covered include the setup and usage of budgeting, cash flow management, multicurrency, intercompany, and consolidated accounting. Additionally, students learn multiple advanced payment options, XBRL taxonomy, customer account statements, collection letters, interest, year-end close functionality, and financial statements. This course is an extension of the Microsoft Dynamics AX 2009 Financials I collection.

Audience Profile
This collection is intended for people on the implementation, training, or support teams or those who administer or use the financial management modules.

Prerequisites
Basic knowledge of accounting principles.
An understanding of how to move within Microsoft Dynamics AX.
In addition, we recommend, but do not require, that students have completed:
Microsoft Dynamics AX 2009 Introduction collection
Microsoft Dynamics AX 2009 Financials I collection
Delegates will learn how to
Set up and maintain budgets.
Understand cash flow functionality.
Set up and maintain multicurrency.
Understand advanced payment functionality.
Set up and process intercompany accounting.
Setup and process company consolidations.
Set up and process customer account statements, collection letters, and interest.
Create and use dimension hierarchies.
Import and use XBRL taxonomy.
Perform a year-end close.
Set up and print financial statements.

Course outline
Module 1: Budgeting
Budgets are tools that are used to predict what the results of operations will be for a company. In addition, they can be used to compare actual and predicted (budgeted) results, to evaluate the effectiveness of operations.

Create a Budget Model
Period Allocation Keys
Enter Budget Numeric Data
Generate a Ledger Budget Report
Apply Setup Features to the Budget
Simulate Budgets
Edit Budgets
Budget Revisions
View Budget Data and Reports
Lab : Create a Budget Model
Lab : Create Period Allocation Keys Using the Wizard
Lab : Enter and Generate a Budget
Module 2: Cash Flow Management
Cash flow forecasting is used to estimate the company’s future need for cash.

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
Lab : Set Up a Ledger Account for Cash Flow Forecasting
Lab : Set Up a Dependent Ledger Account
Lab : Create a Budget Entry to Include in Cash Flow
Lab : Calculate Cash Flow Transactions
Module 3: Multicurrency
Microsoft Dynamics AX 2009 works with multiple currencies and provides several methods to meet the accounting requirements in different countries. The basics of setting up currencies and exchange rates are covered in the Financials I collection. This course describes advanced currency topics such as exchange rate adjustments. Exchange rates constantly fluctuate; therefore, exchange rate adjustments are necessary for correct periodic accounting. If they are not periodically adjusted to reflect the current rates, foreign amounts converted and posted to the General Ledger, and displayed in reports can be misleading.

Setup
Exchange Rate Adjustments
Accounts Receivable and Accounts Payable Exchange Rate Adjustments
Lab : Accounts Receivable Exchange Rate Adjustment
Module 4: Advanced Payments
This module describes the processing and setup of advanced customer and vendor payments. These advanced payments include bridging accounts, electronic payments, bills of exchange, and prepayments. Also included are several of the options available when setting up a method of payment, and how to use the ledger accrual functionality to defer costs or income throughout the year.

Bridging Accounts
Electronic Vendor Payments
Electronic Customer Payments
Centralized Payments
Prepayments (Deposits)
Bill of Exchange Administration
Ledger Accrual
Lab : Bridging Accounts
Lab : Prepayments Setup
Lab : Ledger Accrual
Module 5: Intercompany Accounting
Intercompany accounting may be used when accounting processes are centralized for subsidiaries or branch offices. With Intercompany accounting, a single entry can be made which posts to multiple companies.

Post Intercompany Transactions
Intercompany Posting Setup Demonstration
Post an Intercompany Transaction Demonstration
Trace an Intercompany Entry Demonstration
Lab : Enter and Post an Intercompany Transaction
Lab : Trace an Intercompany Transaction
Module 6: Consolidations
This module demonstrates the functionality and flexibility of Microsoft Dynamics AX 2009 in consolidating subsidiary companies into a single consolidated (parent) company. Some key features include the ability to consolidate companies whether they reside in the same database or in different databases, map the Chart of Accounts and dimensions in a subsidiary to the consolidated company, specify how the exchange rate should be calculated for the consolidation, and designate the percentage of ownership that should roll into the consolidated company from the subsidiary.

Set Up a Consolidation Company
Set Up a Subsidiary Company
Perform a Consolidation
Consolidations Inquiry
View and Delete Consolidation Transactions
Intercompany Eliminations
Lab : Set Up a Consolidation Company
Lab : Perform a Consolidation
Lab : Consolidations Inquiry
Lab : View and Delete Consolidation Transactions
Module 7: Customer Account Statement, Collection Letter, and Interest
This module demonstrates three processes that are useful in the collection process. Customer account statements are used to provide an accounting of all amounts due from a customer for a period of time. Although most customers pay their invoices on time, it is necessary to be able to process invoices that are not paid by their due date. Collection letters and interest notes can be used for these situations.

Customer Account Statement
Set Up Collection Letters
Process Collection Letters
Set Up Interest Codes
Calculate Interest
Lab : Set Up a Collection Letter
Lab : Collection Letter
Lab : Set Up an Interest Code
Lab : Calculate Interest
Module 8: Dimension Hierarchies
Financial figures must be analyzed through different financial dimensions as a supplement to voucher and account numbers. However, it can be difficult to control the assignation of financial dimension values. Sometimes dimension values are assigned to the wrong financial transactions making reports and statistics incorrect. The implementation of dimension sets with hierarchies makes it possible to control the values entered in the system and therefore ensures more reliable data.

Dimension Sets, Hierarchies, and Rules
Dimension Sets
Dimension Subsets
Dimension Set Hierarchy
Dimension Set Rules
Lab : Dimensions, Sets, Hierarchies, and Rules
Module 9: XBRL Taxonomy
XBRL is a global financial reporting initiative started by numerous ERP software companies and international accounting organizations. The goal of XBRL is to provide a standard for uniform reporting of financial information for banks, investors and government authorities.

XBRL Taxonomy
Import XBRL Taxonomy
Create an XBRL File from the Financial Statement
Lab : Import XBRL Taxonomy
Module 10: Year-End Close
This module describes the year-end functionality in Microsoft Dynamics AX 2009 and provides assistance in the processes for creating and closing fiscal years. At year-end, it is always necessary to make adjustment entries that reflect transactions from the previous year, print reports, including Financial Stateme ...''

Elements of this syllabus are subject to change.

Phone:0844 871 2080

School Address:

TEL: 0844 871 2080
E-mail us: info@qa.com

Jobs & Resumes: Aberdeen, Birmingham, Bristol, Edinburgh, Exeter, Glasgow, Leeds, London, Manchester, Slough
Houses & Roommates: Aberdeen, Birmingham, Bristol, Edinburgh, Exeter, Glasgow, Leeds, London, Manchester, Slough
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