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Dynamics AX Financials I 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:   M8629: Financials I in Microsoft Dynamics AX 4.0


Course Duration: 3 days


Course Location: Client Location


Course Code: M8629


Course Description:


This three 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 good basic understanding of the General Ledger, Accounts Payable, Accounts Receivable, and Bank Modules.


This three 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 good basic understanding of the General Ledger, Accounts Payable, Accounts Receivable, and Bank Modules.


Prerequisites:


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
 
 
The training course will focus on the following areas:
 
 
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.
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.
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.
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.
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.
Sales Tax Reports
  • This chapter explains how to create and print sales tax reports available in Microsoft Dynamics AX.
Bank Management Setup
  • This chapter explains how to create and print sales tax reports available in Microsoft Dynamics AX.