Duration: 2 Days
In this course, you will explore topics the setup and usage of budgeting, cash flow management, multicurrency, intercompany, and consolidated accounting. You will learn about the multiple advanced payment options and how to produce customer account statements, collection letters, complete year-end close functionality, and financial statements. This course builds on topics covered in Financials I in Microsoft Dynamics AX 2012 (80219).
Certification:
This course is a part of the Microsoft Dynamics AX 2012 Financials (MB6-871) exam.
What You Will Learn
- Set up basic budgeting and configure budget controls
- Enter budget data
- Define an encumbrance and complete year-end commitments
- Set up cash flow forecasting and create and calculate cash flow transactions
- Set up and run foreign currency revaluation
- Set up and process advanced payments
- Set up intercompany accounting and post and trace intercompany transactions
- Set up consolidation and subsidiary companies
- Print customer statements, process collection letters, set up interest codes and calculate interest
- Define workflows and create financial module approvals
- Complete year-end steps and procedures
- Create and print financial statements
Audience
Partners, customers, and other end users of the financial modules in Microsoft Dynamics AX
Prerequistes
- Working knowledge of Microsoft Dynamics AX
- Basic accounting knowledge and terms
Course Outline
1. Budgeting
- Budgeting
- Basic Budgeting Setup
- Budget Control
- Configuring Budget Control
2. Use and Manage Budgets
- Budget Amounts
- Using Budget Control
- Budget Reporting and Inquiries
- Budget Transaction Web Services
- Integrated Budgeting
- Transferring Budgets To and From General Ledger
3. Commitment Accounting
- Defining Purchase Order Encumbrances
- Setting Up Encumbrances
- Purchasing Order Encumbrance Transactions
- Encumbrance Year-End Process
4. Cash Flow Management
- Relationship of Cash Flow to Other Modules
- Setting Up Cash Flow Forecasting
- Defining a Cash Flow Forecast Budget Model
- Creating Cash Flow Transactions
- Calculating Cash Flow Transactions
5. Multicurrency
- Setting Up
- Foreign Currency Revaluation
- Accounts Receivable and Accounts Payable Exchange Rate Adjustments
6. Advanced Payments
- Bridging Accounts
- Electronic Vendor Payments
- Electronic Customer Payments
- Centralized Payments
- Prepayments (Deposits)
- Bill of Exchange Administration
- Ledger Accrual
7. Intercompany Accounting
- Posting Intercompany Transactions
- Intercompany Posting Setup
- Posting an Intercompany Transaction
- Tracing an Intercompany Entry
8. Consolidations
- Setting Up a Consolidation Company
- Setting Up a Subsidiary Company
- Performing a Consolidation
- Consolidations Inquiry
- Viewing and Deleting Consolidation Transactions
- Intercompany Eliminations
9. Collections Management
- Customer Account Statement
- Setting Up Collection Letters
- Process Collection Letters
- Setting Up Interest Codes
- Calculate Interest
- Managing Collections and Collection Agents
- Viewing and Managing Collections Information
- Advanced Collections Management Tasks
10. Financial Workflows
- Workflow Types
- Workflow Configurations
- Workflow Approvals
- General Ledger Workflow
- Accounts Payable Workflow
- Accounts Receivable Workflow
- Managing Workflows
11. Year-End Close
- Creating a New Fiscal Year
- Controlling Transactions in a Closing Period
- Creating and Post a Closing Sheet
- Transferring Opening Balances
12. Financial Statements
- Financial Statement Setup
- Financial Statement Row Definition
- Financial Statement Column Definition
- Printing a Financial Statement
- Creating a Balance Sheet
- Dimension Reports
- XBRL Taxonomy
Course Labs
Lab 1: Create and Manage Budgets
Lab 2: Create a Budget Transfer
Lab 3: Use Budget Control on a Purchase Order
- Create Budget Register Entries
- Use Budget Control on a Purchase Order
Lab 4: Set Up a Ledger Account for Cash Flow Forecasting
Lab 5: Set Up a Dependent Ledger Account
Lab 6: Create a Budget Entry to Include in Cash Flow
Lab 7: Calculate Cash Flow Transactions
Lab 8: Accounts Receivable Foreign Currency Revaluation
- Review the Customer Information
- Verify each Currency has an Exchange Rate Set Up
- Run the Exchange Rate Adjustment
- Review the Customer Information for any Updates
Lab 9: Bridging Accounts
Lab 10: Prepayments Setup
Lab 11: Ledger Accrual
Lab 12: Enter and Post an Intercompany Transaction
Lab 13: Trace an Intercompany Transaction
Lab 14: Set Up a Consolidation Company
- Review the General Ledger Parameter.
- Designate the System Account.
- Define the Consolidation Exchange Rates.
Lab 15: Perform a Consolidation
Lab 16: Set Up a Collection Letter
- Set the Accounts Receivable Parameters
- Create and Define a Collection Letter Sequence
- Attach the Collection Letter Sequence to a Posting Profile
Lab 17: Collection Letter
- Create a Collection Letter
- Review, Print, and Post the Collection Letter
Lab 18: Set Up an Interest Code
- Create an Interest Code
- Attach the New Interest Code to the Posting Profile
- Check the Accounts Receivable Parameters
Lab 19: Manage the Collections Process
- Update the Customer Aging Snapshot
- Update the Statusof theInvoice
- Send an E-Mail including the Customer Statement
Lab 20: Year-End Close
