Duration: 1 Day
In this course, you will learn how to use the fixed asset functionality in the application. You will focus on the various setup requirements for fixed assets, transactions, reports, and inquiries.
Certification:
This course is a part of the Microsoft Dynamics AX 2012 Financials (MB6-871) exam.
What You Will Learn
- Define fixed assets
- Integration of the fixed assets module with general ledger, accounts payable, accounts receivable, project accounting, and inventory management modules
- Set up the fixed assets module
- Set up assets
- Compare different fixed asset transaction types and methods for recording transactions
- Run inquiries and reports
Audience
- Individuals on the implementation team, administrating or using the fixed assets and financial management modules in Microsoft Dynamics AX 2012
- Individuals who are 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 2012
Prerequistes
- Introduction to Microsoft Dynamics AX 2012
Course Outline
1. Introduction
- Fixed Assets
- Structure
- Integration with Other Modules
2. Setup Procedures
- System Setup for Fixed Assets
- Fixed Assets Module Setup
- Parameters
- Depreciation Methods
- Depreciation Conventions
- Depreciation Books Overview
- Extended Functionality Features - Provision Types and Bonus Depreciation
- Mass Update Depreciation Conventions for a Depreciation Book
3. Setup of Assets
- Fixed Assets Form
- Setting Up Assets
- Lending Assets
- Assigning Bar Codes to Assets
- Asset Budgeting
- Project Module Integration to Fixed Assets
4. Asset Transactions
- Scenario
- Typical Fixed Asset Transaction Types
- Recording Acquisitions
- Create and Acquire Fixed Assets from Purchasing
- Recording Depreciation
- Recording Value Adjustments
- Recording Disposals
- Transaction Reversals
- Replacement Cost and Insured Value Update
- Copying Fixed Assets and Changing Fixed Asset Groups
- Fixed Asset Additions
5. Inquiries and Reports
Course Labs
Lab 1: Set Up Main Accounts
Lab 2: Set Up a Number Sequence
Lab 3: Set Up a Depreciation Profile
Lab 4: Set Up Value Models
Lab 5: Set Up a Fixed Asset Group
Lab 6: Set Up a Posting Profile
Lab 7: Set Up a Fixed Asset
Lab 8: Acquiring an Asset Using the Fixed Assets Journal
Lab 9: Acquiring an Asset Using the Inventory to Fixed Assets Journal
Lab 10: Depreciate an Asset Using a Proposal
Lab 11: Dispose of an Asset Using the Fixed Assets Journal
