80017Financials II in Microsoft Dynamics AX 2009 2 Days
About this Course This two-day instructor-led collection explores the advanced financial functionality of Microsoft Dynamics AX. Some topics that are covered include the setup and usage of budgeting, cash flow management, multicurrency, intercompany, and consolidated accounting. Additionally, students learn multiple advanced payment options, XBRL taxonomy, customer account statements, collection letters, interest, year-end close functionality, and financial statements. This course is an extension of the Microsoft Dynamics AX 2009 Financials I collection. |
Audience Profile This collection is intended for people on the implementation, training, or support teams or those who administer or use the financial management modules. |
At Course Completion After completing this course, students will be able to:
Course Outline 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
Lab : Create a Budget ModelLab : Create Period Allocation Keys Using the WizardLab : Enter and Generate a Budget
After completing this module, students will be able to:
Cash flow forecasting is used to estimate the company's future need for cash.
Lessons
Lab : Set Up a Ledger Account for Cash Flow ForecastingLab : Set Up a Dependent Ledger AccountLab : Create a Budget Entry to Include in Cash FlowLab : Calculate Cash Flow Transactions
After completing this module, students will be able to:
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
Lab : Accounts Receivable Exchange Rate Adjustment
After completing this module, students will be able to:
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
Lab : Bridging AccountsLab : Prepayments SetupLab : Ledger Accrual
After completing this module, students will be able to:
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
Lab : Enter and Post an Intercompany TransactionLab : Trace an Intercompany Transaction
After completing this module, students will be able to:
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
Lab : Set Up a Consolidation CompanyLab : Perform a ConsolidationLab : Consolidations InquiryLab : View and Delete Consolidation Transactions
After completing this module, students will be able to:
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
Lab : Set Up a Collection LetterLab : Collection LetterLab : Set Up an Interest CodeLab : Calculate Interest
After completing this module, students will be able to:
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
Lab : Dimensions, Sets, Hierarchies, and Rules
After completing this module, students will be able to:
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
Lab : Import XBRL Taxonomy
After completing this module, students will be able to:
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.
Lab : Year-End Close
After completing this module, students will be able to:
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
Lab : Create and Print a Financial StatementLab : Create a Dimension Statement
After completing this module, students will be able to:
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