On-line training course catalogue

Microsoft Dynamics AX 4.0 Financials I

Type of course: Classroom

Course details

Fee	£850
Days	2
Course code	MS8629

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Overview

This two day course explores the basic financial functionality available in Microsoft Dynamics AX. Students learn how to set up the General Ledger, Accounts Payable, Accounts Receivable, and Bank Modules of Microsoft Dynamics AX, as well as how to create transactions. Labs encompassing the topics covered allow the students hands on practice in setting up financials in Microsoft Dynamics AX. Students completing this course should acquire a basic understanding of the General Ledger, Accounts Payable, Accounts Receivable, and Bank Modules.

This course is intended for individuals who are on the implementation team, administering or using the financial management modules in Microsoft Dynamics AX. This audience typically includes individuals who are tasked with assessing a customers 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 Introduction’ course.

Delegates will learn how to

• Create and set up the Chart of Accounts, General Ledger, Accounts Payable, Accounts Receivable and Bank modules, and Financial Statements in Microsoft Dynamics AX.
• Set up Sales Tax.
• Understand the General Ledger, Accounts Payable, Accounts Receivable, and Bank Management daily procedures.
• Enter transactions in journals including invoices and payments.

Course Outline

• Chapter 1: General Ledger Setup

This chapter explains the setup of the General Ledger in Microsoft Dynamics AX. It shows how to setup a company currency, additional currencies and exchange rates. It also explains how to create periods, a new fiscal year, dimension value, and a dimension focus.

• Chapter 2: Chart of Accounts

This chapter explains the setup of the Chart of Accounts. It also shows how to create and set up account allocation terms, system account, and view inquires and reports about the Chart of Accounts.

• Chapter 3: Journal Setup

This chapter explains the Journal setup. It shows how to create and work with journal names, journal controls, journal texts, and how to set up balance control accounts, and General Ledger parameters.

• Chapter 4: General Ledger Daily Procedures

This chapter explains the transactions entered in the General Ledger. It shows how to create general journals, enter and post General Ledger journal transactions, post multiple journals, create approval journals, period journals, and retrieve period journals. It also explains General Ledger transaction reversal and the inquiry and reports about General Ledger journal transactions.

• Chapter 5: Sales Tax Setup

This chapter explains the sales tax set up. It also explains how to set up the different components of sales tax, and sales tax exempt data, and how to calculate and post withholding sales tax.

• Chapter 6: Bank Management Setup

This chapter explains the setup of the Bank module in Microsoft Dynamics AX. Logically, a bank account is needed before creating a check to pay an invoice. This chapter explains how to setup bank transaction types and transaction groups, bank groups, and bank parameters. It also explains how to create a bank account, and defines the check layout for a bank account.

• Chapter 7: Accounts Payable Setup

This chapter explains the setup of Accounts Payable within Microsoft Dynamics AX. It explains the importance of setting up vendor groups and posting profile, and shows the different Accounts Payable setup option, procedures, and defaults related to vendor payments.

• Chapter 8: Accounts Payable Daily Procedures

This chapter explains the various journals available in Microsoft Dynamics AX Accounts Payable. It describes what each journal is used for and how transactions are entered into each of the journals.

• Chapter 9: Accounts Receivable Setup

This chapter explains how to set up the Accounts Receivable module in Microsoft Dynamics AX. The set up of Accounts Receivable is almost a mirror image of the set up of Accounts Payable. The main topics covered are specific to Accounts Receivable or are covered as a review from Accounts Payable.

• Chapter 10: Accounts Receivable Daily Procedures

This chapter explains the journals available for invoice entry within Accounts Receivable. Students learn how to enter a free text invoice (non-inventory) invoice as well as the payment journal.

• Chapter 11: Bank Management Daily Procedures

This chapter explains the various procedures available to manage bank transactions in Microsoft Dynamics AX.

• Chapter 12: Financial Statements

This chapter explains the Financial Statement feature in Microsoft Dynamics AX, which is used to build a custom reporting structure.