Microsoft Dynamics AX (Axapta) 2009 Financials II (80017A)

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.
Lessons
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
After completing this module, students will be able to:
Create budget models and submodels.
Create Period Allocation Keys.
Enter budget numeric data.
Generate and print a budget.
Apply setup features to budgets.
Show how to simulate budgets.
Edit budgets.
List the benefits of creating a revised budget versus modifying an existing budget.
Name the steps that are required to revise a budget.
View budget data.
Module 2: Cash Flow Management
Cash flow forecasting is used to estimate the company's future need for cash.
Lessons
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
After completing this module, students will be able to:
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 online data and print cash flow reports.
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.
Lessons
Setup
Exchange Rate Adjustments
Accounts Receivable and Accounts Payable Exchange Rate Adjustments
Lab : Accounts Receivable Exchange Rate Adjustment
After completing this module, students will be able to:
Complete the setup steps that are required for exchange rate adjustments.
Run exchange rate adjustments in General Ledger.
Run exchange rate adjustments in Accounts Receivable and Accounts Payable.
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.
Lessons
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
After completing this module, students will be able to:
Create and process a bridging account method of payment.
Set up and process electronic vendor payments.
Set up and process electronic customer payments.
Set up and process centralized payments.
Set up and process prepayments.
Set up and process bills of exchange.
Set up and apply ledger accruals.
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.
Lessons
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
After completing this module, students will be able to:
Review posting intercompany transactions.
Review setup for intercompany accounting.
Post an intercompany transaction.
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.
Lessons
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
After completing this module, students will be able to:
Set up a consolidation company.
Set up a subsidiary company.
Perform a consolidation.
View the Consolidations inquiry.
View and delete consolidation transactions.
Describe intercompany eliminations.
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.
Lessons
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
After completing this module, students will be able to:
Print customer statements.
Set up and create collection letters.
Process collection letters.
Set up interest codes.
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.
Lessons
Dimension Sets, Hierarchies, and Rules
Dimension Sets
Dimension Subsets
Dimension Set Hierarchy
Dimension Set Rules
Lab : Dimensions, Sets, Hierarchies, and Rules
After completing this module, students will be able to:
Explain the overall concept of dimensions sets, hierarchies and rules.
Create a dimension set.
Create a dimension subset.
Create a dimension set hierarchy.
Create a dimension set rule.
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.
Lessons
XBRL Taxonomy
Import XBRL Taxonomy
Create an XBRL File from the Financial Statement
Lab : Import XBRL Taxonomy
After completing this module, students will be able to:
Explain the concept of XBRL taxonomy.
Import XBRL taxonomy.
Create an XBRL file from the Financial Statement.
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 Statements, back up data, create a new fiscal year, and transfer opening balances.
Lessons
Create a New Fiscal Year
Control Transactions in a Closing Period
Create and Post a Closing Sheet
Transfer Opening Balances
Lab : Year-End Close
After completing this module, students will be able to:
Create a new fiscal year.
Control transactions in a closing period.
Stop or close a period.
Create a closing sheet.
Make adjustments or transfers between accounts.
Transfer opening balances.
Set up fiscal year close parameters.
Module 11: Financial Statements
The Financial Statement feature in Microsoft Dynamics AX 2009 enables the building of a custom reporting structure. It is a powerful reporting tool that explores financial figures depicted in a company context and from a business perspective.
Lessons
Dimension Focus
Financial Statement Row Definition
Financial Statement Column Definition
Print a Financial Statement
Demonstration: Create a Balance Sheet
Dimension Reports and Inquiries
Lab : Create and Print a Financial Statement
Lab : Create a Dimension Statement
After completing this module, students will be able to:
Create a dimension focus.
Create a row definition.
Design the structure of row definitions.
Create a column definition.
Print a financial statement.
Create and print a financial statement.
Create and print a dimension statement.
View balances by dimension focus.