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Dynamics AX Financials II Training

Our trainers are qualified Microsoft Dynamics AX functional consultants with significant implementation experience. This results in a rewarding learning experience that gives participants insight into real-life scenarios. Students completing this course should have a good basic understanding of the General Ledger, Accounts Payable, Accounts Receivable, Bank modules, and Fixed Assets.

The Microsoft Dynamics™ AX training sessions are specially conducted for:

  • Existing IT resources looking to shift into Microsoft Dynamics™ AX
  • IT/AX professionals looking for certification to enhance global career prospect
  • IT professionals who are currently working on Microsoft Dynamics™ AX within an organization

Course Title:   M8637: Financials II - Microsoft Dynamics AX 4.0



Course Duration: 2 days


Course Location: Client Location


Course Code: M8637


Course Description:


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.


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:
  • Microsoft Dynamics AX Introduction 4.0
 
Prerequisite courses:
  • M8627: Introduction to Microsoft Dynamics AX 4.0
Relevant Certifications:
  • Microsoft Certified Business Management Solutions Specialist: For Dynamics AX
  • Microsoft Certified Business Management Solutions Professional: For Dynamics AX
 
 
After completing this course, you will 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
 
 
Prerequisite course:
  • M8629: Financials I in Microsoft Dynamics AX 4.0
 
 
The training course will focus on the following areas:
 
 
Budgeting
  • 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
  • Lab 1.1: Create a Budget Model and Submodel
  • Lab 1.2: Create Period Allocation Keys Using the Wizard
  • Lab 1.3: Enter and Generate a Budget
Cash Flow Management
  • 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
  • Lab 2.1: Review Accounts Receivable Parameter Setup
  • Lab 2.2: Review Customer Posting Profile Setup
  • Lab 2.3: Review Customer Groups Setup
  • Lab 2.4: Set Up a Ledger Account for Cash Flow Forecasting
  • Lab 2.5: Set Up a Dependent Ledger Account
  • Lab 2.6: Create a Budget Entry to Include in Cash Flow
  • Lab 2.7: Create a Sales Order to Include in Cash Flow
  • Lab 2.8: Calculate Cash Flow Transactions
Multi-Currency
  • Exchange Rate Adjustments
  • Accounts Receivable and Accounts Payable Exchange Rate Adjustment
  • Set Up Currency Rounding
  • Lab 3.1: Accounts Receivable Exchange Rate Adjustments
  • Lab 3.2: Rounding
Advanced Payments
  • 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
  • Lab 4.1: Bridging Accounts
  • Lab 4.2: Electronic Vendor Payments
  • Lab 4.3: Electronic Customer Payments
  • Lab 4.4: Prepayments
  • Lab 4.5: Bill of Exchange
  • Lab 4.6: Ledger Accrual
Intercompany Accounting
  • Review Posting Intercompany Transactions
  • Review Setup for Intercompany Accounting
  • Post an Intercompany Transaction
  • Trace an Intercompany Transactions
  • Lab 5.1: Set Up Posting Relationships
  • Lab 5.2: Enter and Post an Intercompany Transaction
  • Lab 5.3: Trace an Intercompany Transaction
Consolidations
  • Set Up Consolidation Company
  • Set Up a Subsidiary Company
  • Perform a Consolidation
  • Consolidation According to the FASB 52 Regulation
  • Consolidations Inquiry
  • Lab 6.1: Set Up General Ledger Parameters
  • Lab 6.2: Set Up System Account and Currency
  • Lab 6.3: Set Up the Chart of Accounts
  • Lab 6.4: Set Up the Subsidiary Company
  • Lab 6.5: Perform a Consolidation
  • Lab 6.6: Consolidations Inquiry
  • Lab 6.7: View and Delete Consolidation Transactions