Microsoft Dynamics AX 4.0 Financials II (8637)

Vendor:

Subject:

ERP [2]

Overview:

This two-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.

Course Contents:

Chapter 1: Budgeting
Lessons

Create Budget Models and Submodels

Create Period Allocation Keys

Enter Budget Numeric Data

Generate and Print Budgets

Additional Budgeting Functionality

Copy and Modify Budgets

View Budget Data

Chapter 2: Cash Flow Management
Lessons

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 On-line Data and Print Cash Flow Reports

Chapter 3: Multi-Currency
Lessons

Exchange Rate Adjustments

Accounts Receivable and Accounts Payable Exchange Rate Adjustment

Set Up Currency Rounding

Chapter 4: Advanced Payments
Lessons

Create and Process a Bridging Account Methods of Payment

Set Up and Process Electronic Vendor Payments

Set Up and Process Electronic Customer Payments

Set Up and Process Prepayments

Set Up and Process Bills of Exchange

Set Up and Apply Ledger Accruals

Chapter 5: Intercompany Accounting
Lessons

Review Posting Intercompany Transactions

Review Setup for Intercompany Accounting

Post an Intercompany Transaction

Trace an Intercompany Transactions

Chapter 6: Consolidations
Lessons

Set Up Consolidation Company

Set Up a Subsidiary Company

Perform a Consolidation

Consolidation According to the FASB 52 Regulation

Consolidations Inquiry

View and Delete Consolidation Transactions

Chapter 7: Collection Letters and Interest
Lessons

Set Up and Create Collection Letters

Process Collection Letters

Set Up and Create Interest Codes

Chapter 8: Dimension Hierarchy
Lessons

Overall Concept of Dimension Sets, Hierarchies, and Rules

Create a Dimension Set

Create a Dimension Subset

Activate Dimension Set Hierarchy

Create a Dimension Set Hierarchy

Create a Dimension Set Rule

Chapter 9: XBRL Taxonomy
Lessons

Concept of XBRL Taxonomy

Import XBRL Taxonomy.

Create a Reference to a Row Structure

Create an XBRL File from the Financial Statement

Chapter 10: Year-End Close
Lessons

Fiscal Year-End Tasks

Creating a New Fiscal Year including:

Control Transactions in a Closing Period

Stop or Close a Period

Change a Module Status in a Period

Create a Closing Sheet

Make Adjustments or Transfers between Accounts

Set Up Fiscal Year Close Parameters

Transfer Opening Balances

For more Information about the course outline
and contents please CLICK HERE [3]

Prerequisites:

Before attending this course, students must have:

Basic knowledge of accounting principles.

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.

Benefits:

After completing this course, students should be able 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.

Audience:

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.

Materials Available:

Yes

Duration:

16 hours

Microsoft Dynamics AX 4.0 Financials II (8637)

Business Analysis (BA)

Six Sigma

Project Management (PMP®)

ITIL®

Quality Assurance (QA)