Microsoft Dynamics AX 4.0 Financials II

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 2 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.

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.

Prerequisites
Before attending this course, students must have a basic knowledge of accounting principles and 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.

Delegates will learn how 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.
Course Outline
Chapter 1: Budgeting
The purpose of this chapter is to introduce students to the budgeting functionality within Microsoft Dynamics AX. Microsoft Dynamics AX uses a budget model/submodel setup and students learn how to set up each of these. Students are also shown how to use period allocation keys, generate and print budgets, copy and modify budgets and how to view budget data.

Chapter 2: Cash Flow Management
This chapter focuses on the cash flow functionality in Microsoft Dynamics AX. Every company needs to know how much cash they have available at any given time. Students learn how the modules interrelate to generate cash flow numbers. They also learn the steps involved in setting up cash flow forecasting as well as how to inquire and report on the cash flow transactions.

Chapter 3: Multi-Currency
The purpose of this chapter is to introduce students to the budgeting functionality This chapter focuses on the multi-currency capabilities of Microsoft Dynamics AX. Microsoft Dynamics AX has the ability to work with multiple currencies. Students learn how to set up multi-currency as well as the different options available such as the currency rounding and how to run exchange rate adjustments.

Chapter 4: Advanced Payments
This chapter is dedicated to the processing and setup of advanced customer and vendor payments in Microsoft Dynamics AX. These advanced payments include bridging accounts, electronic vendor and customer payments, prepayments and bills of exchange. Students also learn several of the options available when setting up a method of payment.

Chapter 5: Intercompany Accounting
The focus of this chapter is the intercompany accounting functionality in Microsoft Dynamics AX. Since Microsoft Dynamics AX companies reside in the same database, intercompany functionality requires limited set up. Students learn the necessary steps involved in the setup as well as how to create journal transactions that affect more than one company’s ledger.

Chapter 6: Consolidations
The purpose of this chapter is to introduce students to the budgeting functionality within Microsoft Dynamics AX. Microsoft Dynamics AX uses a budget model/submodel setup and students learn how to set up each of these. Students are also shown how to use period allocation keys, generate and print budgets, copy and modify budgets and how to view budget data.

Chapter 7: Collection Letters and Interest
This chapter explains how to set up, create and process collection letters and interest notes in Microsoft Dynamics AX. Although most customers pay their invoices on time, it is still necessary to have the ability to handle those invoices that are not paid by the due date. This chapter teaches students how to set up Microsoft Dynamics AX to handle these situations.

Chapter 8: Dimension Hierarchy
This chapter explains the dimension hierarchy in Microsoft Dynamics AX. Financial figures must be analyzed through different financial dimensions as a supplement to voucher and account numbers. The implementation of dimension sets with hierarchies makes it possible to control the values entered in the system and thus ensures more reliable data. Students learn how to use the dimension hierarchy structure with Microsoft Dynamics AX.

Chapter 9: XBRL Taxonomy
This chapter explains the concept of XBRL taxonomy in Microsoft Dynamics AX. XBRL is a global financial reporting initiative undertaken by numerous ERP software companies and international accounting organizations. Students also learn the goal of XBRL, and how to import XBRL taxonomy, as well as how to create a reference to a row structure, and how to create an XBRL file from the financial statement.

Chapter 10: Year-End Close
This chapter covers the year-end functionality in Microsoft Dynamics AX including the processes of creating and closing fiscal years. At year end, it is always necessary to make adjustment entries that reflect transactions from the previous year. Also, a new fiscal year must be created and opening balances must be transferred. Students learn the options available for closing a fiscal year in Microsoft Dynamics AX. ...''

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
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