Microsoft Dynamics NAV (Navision) 4.0 Inventory Costing (8388)

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Vendor: 
Microsoft
Subject: 
ERP
Overview: 

The focus of the two-day Inventory Costing course is to provide explanations of costing concepts and matters related to general inventory management concerned with the handling of goods purchased for resale in Microsoft Business Solutions-Navision. This course has been designed to give the consultants and implementers of Navision with a focus on cost management a solid understanding of the principles and mechanisms on which the program is built. Based on this understanding, course participants develop confidence in how the program records and calculates all the relevant inventory costs.

Course Contents: 

Chapter 1: Introduction
Chapter 2: Inventory Costing Overview

  • Inventory Costs
  • Inventory Accounting

    Chapter 3: Inventory Costing Principles in Microsoft Navision

  • Accounting for Inventory in Navision

    Chapter 4: Inventory Costing Functionality

  • Inventory Acquisition
  • Cost of Goods Sold
  • Inventory Transfers and Returns
  • Inventory Adjustment
  • Rounding

    Chapter 5: Inventory Valuation Functionality

  • Inventory Valuation
  • Posting Inventory Costs to the General Ledger
  • Inventory Revaluation
  • Physical Inventory

    Chapter 6: Setting Up Inventory Costing

  • Inventory Costing Setup

    For more Information about the course outline
    and contents please CLICK HERE

    • Prerequisites: 

    To successfully participate in the inventory costing course, participants must have passed the Microsoft Navision Essentials test or have equivalent experience with the Microsoft Navision application. Additionally, participants should have a background in distribution/logistics to understand the underlying principles of these businesses.

    Benefits: 

    After completing this course, students should understand:

  • Basic inventory accounting and inventory costing concepts.
  • How the value of inventory is calculated in Microsoft Navision.
  • How the posting flow in Microsoft Navision determines the cost of items, based on the defined costing methods.
  • How the program calculates unit cost and average cost.
  • How the functionality supports inventory revaluation, rounding, adjustment, and general ledger posting.
  • How to set up inventory costing.
    • Audience: 

    This course is intended for Microsoft Certified Business Solutions Partners' employees selling, implementing, and supporting Microsoft Navision, with focus on financial management, inventory management, and distribution.

    Materials Available: 
    Yes
    Duration: 
    16 hours
    For more information on Microsoft Dynamics NAV (Navision) 4.0 Inventory Costing (8388) please feel free to contact us online or call us at 416-513-1535.