80220A- Financials II in Dynamics AX 2012 2012

80220A- Financials II in Microsoft Dynamics AX 2012

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    Class Objectives
    After you complete this course, students should be able to:
    • Understand how to set up and maintain budgets.
    • Understand the cash flow functionality.
    • Setup multicurrency and know how to create multicurrency transactions.
    • Understand the steps that you must follow to use the Advanced Payments functionality.
    • Understand how to set Intercompany accounting and create transactions in more than one company.
    • Understand the setup and steps that you must follow to consolidate companies.
    • Understand the setup of customer account statements, collection letters, and interest.
    • Understand how to import and use XBRL taxonomy.
    • Understand the processes available for a year end close.
    • Understand how to set up and print financial statements.

    Chapter 1: Budgeting
    • Create budget models and submodels
    • Create Period Allocation Keys
    • Enter budget numeric data
    • Generate and print a budget
    • Apply setup features to budgets

    Chapter 2: Use and Manage Budgets
    • Edit budgets
    • List the benefits of creating a revised budget versus modifying an existing budget
    • Name the steps that are required to revise a budget
    • View budget data

    Chapter 3: Commitment Accounting
    • Define Encumbrances
    • Set up Posting Definitions
    • Process Purchase Orders
    • Define Year- End Close

    Chapter 4: 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 online data and print cash flow reports

    Chapter 5: Multicurrency
    • Complete the setup steps that are required for exchange rate adjustments.
    • Run exchange rate adjustments in General Ledger
    • Run exchange rate adjustments in Accounts Receivable and Accounts Payable

    Chapter 6: Advanced Payments
    • Create and process a bridging account method of payment
    • Set up and process electronic vendor payments
    • Set up and process electronic customer payments
    • Set up and process centralized payments
    • Set up and process prepayments
    • Set up and process bills of exchange
    • Set up and apply ledger accruals

    Chapter 7: Intercompany Accounting
    • Review posting intercompany transactions
    • Review setup for intercompany accounting
    • Post an intercompany transaction
    • Trace an intercompany transaction

    Chapter 8: Consolidations
    • Set up a consolidation company
    • Set up a subsidiary company
    • Perform a consolidation
    • View the Consolidations inquiry
    • View and delete consolidation transactions
    • Describe intercompany eliminations

    Chapter 9: Collections Management
    • Print customer statements
    • Set up and create collection letters
    • Process collection letters
    • Set up interest codes
    • Calculate interest
    Chapter 10: Financial Workflows
    • Explain the concept of XBRL taxonomy
    • Import XBRL taxonomy
    • Create an XBRL file from the Financial Statement
    Chapter 11: Year-End Close
    • Create a new fiscal year
    • Control transactions in a closing period
    • Stop or close a period
    • Create a closing sheet
    • Make adjustments or transfers between accounts
    • Transfer opening balances
    • Set up fiscal year close parameters

    Chapter 12: Financial Statements
    • Create a dimension focus
    • Create a row definition
    • Design the structure of row definitions
    • Create a column definition
    • Print a financial statement
    • Create and print a financial statement
    • Create and print a dimension statement
    • View balances by dimension focus
    • Explain the concept of XBRL taxonomy
    • Import XBRL taxonomy