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Microsoft Dynamics AX Functional Online Training

Microsoft Online Training » Microsoft Dynamics AX Functional Online Training


Course Content:


Microsoft Dynamics AX Functional Online Training Concepts :


This module explains how to set up the General Ledger in Microsoft Dynamics AX. It shows how to set up 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.Lessons


Currency and Exchange Rate Setup
Periods and Fiscal Year Setup
Date Intervals
Reason Codes
Dimension Focus
Generated Allocations


Module 2: Chart of AccountsThis module explains how to set up the Chart of Accounts. It also shows how to create and set up account allocation terms, system accounts, and view inquiries and reports about the Chart of Accounts.Lessons

Ledger Account Categories
Chart of Accounts
Account Allocation Terms
System Accounts
Inquiries and Reports Related to the Chart of Accounts


Module 3: Journal SetupThis module explains how to set up Journals. 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.Lessons

Journal Setup
Journal Controls
Journal Texts
Balance Control Accounts
General Ledger Parameters


Module 4: Financial FeaturesThis module explains how to use features that can be used across the finacial series. It shows how to create, modify, and delete reason codes, and how to use the Fill Utility.Lessons

Reason Codes
Fill Utility


Module 5: General Ledger Daily ProceduresThis module explains how to enter transactions 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.Lessons

Create General Ledger Journals
Enter General Ledger Journal Transactions
Create Journal Batch Processing
Create Approval Journals
Create and Use Voucher Templates
Create and Retrieve Periodic Journals
General Ledger Transaction Reversal
Create and Use General Ledger Reversing Entries
Inquire and Report on Daily Journal Transactions


Module 6: Sales Tax SetupThis module explains how to set up sales tax. 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.Lessons

Sales Tax Overview
Create Ledger Posting Groups
Create Sales Tax Authorities
Create Sales Tax Settelements Periods
Create Sales Tax Codes
Create Sales Tax Codes Intervals
Create Sales Tax Group
Use Sales Tax Jurdisdictions
Create Sales Tax Transactions
Create Sales Tax Exempt Data
Calculate and post withholding Sales Tax


Module 7: Bank Management SetupThis module explains how to set up the Bank module in Microsoft Dynamics AX. Logically, a bank account is needed before you create a check to pay an invoice. This chapter explains how to set up bank transaction types and transaction groups, bank groups, and bank parameters. It also explains how to create a bank account, and defines the check layout for a bank account.Lessons

Bank Transaction Types
Bank Transaction Groups
Bank Management Parameters
Payment Purpose Codes
Bank Groups
Bank Accounts
Check Layout


Module 8: Accounts Payable SetupThis module explains how to set up Accounts Payable within Microsoft Dynamics AX. It explains the importance of setting up vendor groups and posting profile, and shows the different Accounts Payable setup option, procedures, and defaults related to vendor payments.Lessons

Payment Schedule
Terms of Payment
Payment Days
Cash Discount
Payment Fee
Methods of Payment
Vendor Groups
Accounts Payable Posting Profiles
Account payable vendors


Module 9: Accounts Payable Daily ProceduresThis module explains the various journals available in Microsoft Dynamics AX Accounts Payable. It describes what each journal is used for and how transactions are entered into each journal.Lessons

Invoice Journals in Accounts Payable
Invoice Register
Invoice Approval Journal
Invoice Pool Excluding Posting
Invoice Journal
Voucher Template
Payment Journals
Invoice Matching
Edit Open Transactions
Reverse a Closed Transaction
Print Management


Module 10: Accounts Receivable SetupThis module explains how to set up the Accounts Receivable module in Microsoft Dynamics AX. The set up of Accounts Receivable is almost a mirror image of the set up of Accounts Payable. The main topics covered are specific to Accounts Receivable or are covered as a review from Accounts Payable.Lessons

Payment Schedule
Terms of Payment
Payment Days
Cash Discount
Payment Fee
Methods of Payment
Customer Groups
Accounts Receivable Posting Profiles


Module 11: Accounts Receivable Daily ProceduresThis module explains the journals available for invoice entry within Accounts Receivable. Students learn how to enter a free text invoice (non-inventory) invoice and the payment journal.Lessons

Customer Process Overview
Create a Free Text Invoice
Create a Payment Journal
Edit open Transactions
Place a Transaction on Hold
Reverse Settelements
Reimburse a customer
Use Reasons Codes in Accounts Receivable
Work with Print Management in Accounts Receivable
Bank Management Daily ProceduresThis module explains the various procedures available to manage bank transactions in Microsoft Dynamics AX.

Create Checks
Delete Checks.
Deposit Slips
Void Unposted Checks
Refund Checks
Bank Remmintance
Payment Reversal
Reconcile a Bank Account
Financials II in Microsoft Dynamics AX 2009

Module 1: BudgetingBudgets are tools that are used to predict what the results of operations will be for a company. In addition, they can be used to compare actual and predicted (budgeted) results, to evaluate the effectiveness of operations.Lessons

Create a Budget Model
Period Allocation Keys
Enter Budget Numeric Data
Generate a Ledger Budget Report
Apply Setup Features to the Budget
Simulate Budgets
Edit Budgets
Budget Revisions
View Budget Data and Reports


Module 2: Cash Flow ManagementCash flow forecasting is used to estimate the company’s future need for cash.Lessons

RelationShip Of Cash Flow To Other Modules
Setup Cash Flow Forecasting
Define a Cash Flow Forecast Budget Model
Create Cash Flow Transactions
Calculate Cash Flow Transactions


Module 3: MulticurrencyMicrosoft Dynamics AX 2009 works with multiple currencies and provides several methods to meet the accounting requirements in different countries. The basics of setting up currencies and exchange rates are covered in the Financials I collection. This course describes advanced currency topics such as exchange rate adjustments. Exchange rates constantly fluctuate; therefore, exchange rate adjustments are necessary for correct periodic accounting. If they are not periodically adjusted to reflect the current rates, foreign amounts converted and posted to the General Ledger, and displayed in reports can be misleading.Lessons

Exchange Rate Adjustments
Accounts Receivable and Accounts Payable Exchange Rate Adjustments


Module 4: Advanced PaymentsThis module describes the processing and setup of advanced customer and vendor payments. These advanced payments include bridging accounts, electronic payments, bills of exchange, and prepayments. Also included are several of the options available when setting up a method of payment, and how to use the ledger accrual functionality to defer costs or income throughout the year.Lessons

Bridging Accounts
Electronic vendor Payments
Electronic Customer Payments
Centralized Payments
Bill of Exchange Administration
Ledger Accrual


Module 5: Intercompany AccountingIntercompany accounting may be used when accounting processes are centralized for subsidiaries or branch offices. With Intercompany accounting, a single entry can be made which posts to multiple companies.Lessons

Post Intercompany Transactions
Intercompany Posting Setup Demonstration
Post an Intercompany Transaction Demonstration
Trace an Intercompany Entry Demonstration


Module 6: ConsolidationsThis module demonstrates the functionality and flexibility of Microsoft Dynamics AX 2009 in consolidating subsidiary companies into a single consolidated (parent) company. Some key features include the ability to consolidate companies whether they reside in the same database or in different databases, map the Chart of Accounts and dimensions in a subsidiary to the consolidated company, specify how the exchange rate should be calculated for the consolidation, and designate the percentage of ownership that should roll into the consolidated company from the subsidiary.Lessons

Set Up a Consolidation Company
Set Up a Subsidiary Company
Perform a Consolidation
Consolidations Inquiry
View and Delete Consolidation Transactions
Intercompany Eliminations


Module 7: Customer Account Statement, Collection Letter, and InterestThis module demonstrates three processes that are useful in the collection process. Customer account statements are used to provide an accounting of all amounts due from a customer for a period of time. Although most customers pay their invoices on time, it is necessary to be able to process invoices that are not paid by their due date. Collection letters and interest notes can be used for these situations.Lessons

Customer Account Statement
Set Up Collection Letters
Process Collection Letters
Set Up Interest Codes
Calculate Interest


Module 8: Dimension HierarchiesFinancial figures must be analyzed through different financial dimensions as a supplement to voucher and account numbers. However, it can be difficult to control the assignation of financial dimension values. Sometimes dimension values are assigned to the wrong financial transactions making reports and statistics incorrect. The implementation of dimension sets with hierarchies makes it possible to control the values entered in the system and therefore ensures more reliable data.Lessons

Dimension Sets, Hierarchies, and Rules
Dimension Sets
Dimension Subsets
Dimension Set Hierarchy
Dimension Set Rules


Module 9: XBRL TaxonomyXBRL is a global financial reporting initiative started by numerous ERP software companies and international accounting organizations. The goal of XBRL is to provide a standard for uniform reporting of financial information for banks, investors and government authorities.Lessons

XBRL Taxonomy
Import XBRL Taxonomy
Create a XBRL
Create an XBRL File from the Financial Statement


Module 10: Year-End CloseThis module describes the year-end functionality in Microsoft Dynamics AX 2009 and provides assistance in the processes for creating and closing fiscal years. At year-end, it is always necessary to make adjustment entries that reflect transactions from the previous year, print reports, including Financial Statements, back up data, create a new fiscal year, and transfer opening balances.Lessons

Create a New Fiscal Year
Control Transactions in a Closing Period
Create and Post a Closing Sheet
Transfer Opening Balances


Module 11: Financial StatementsThe Financial Statement feature in Microsoft Dynamics AX 2009 enables the building of a custom reporting structure. It is a powerful reporting tool that explores financial figures depicted in a company context and from a business perspective.Lessons

Dimension Focus
Financial Statement Row Definition
Financial Statement Column Definition
Print a Financial Statement
Demonstration: Create a Balance Sheet
Dimension Reports and Inquiries
Fixed Assets in Microsoft Dynamics AX 2009


Module 1: IntroductionThis module explains the basic Fixed Assets concepts and components. It also describes the integration between Fixed Assets and the General Ledger, Accounts Payable, Accounts Receivable, and Inventory Management modules.Lessons

Fixed Assets Overview
Functionality That Is Required for Fixed Asset Accounting
Structure and Integration With Other Modules


Module 2: Setup ProceduresThis module explains how to perform the necessary setup of the system and the Fixed Assets module. It also describes some country specific setup requirements.Lessons

System Setup for Fixed Assets
Fixed Assets Module Setup- Depreciation Profiles, Asset Calendars and Depreciation Books
Fixed Assets Module Setup- Value Models, Asset Groups, Disposal and Posting Profiles
Fixed Assets Module Setup- Parameters
Capitalization Threshold- Fixed Assets
Parameters- Purchase Orders Field Group
Reason Codes in Fixed Assets
Depreciation Methods
Depreciation Conventions
Depreciation Books Overview
Extended Functionality Features – Provision Types and Bonus Depreciation
Mass Update Depreciation Conventions for a Depreciation Book
Country and Region Specific Features


Module 3: Setup of AssetsThis module explains how to set up the company’s fixed assets in the application. It also covers lending assets, assigning bar codes to assets, and budgeting with assets. Project module integration will also be discussed.Lessons

Fixed Asset Form
Setting Up Assets in the Fixed Asset Module
Inquiries In The Fixed Assets Form
Inquiries In The Depreciation Book Form
Lending Assets
Assigning Bar Codes to Assets
Asset Budgeting
Project Module Integration to Fixed Assets


Module 4: Asset TransactionsThis module explains how to use and record different Fixed Assets transaction types. It covers acquisition, depreciation, value adjustments, and disposal. Procedures for creating and acquiring fixed assets using Accounts payable Purchase orders are also discussed. Maintenance of asset transactions is explained, such as transaction reversal, updating replacement costs and insured values, copying fixed assets and changing groups, and fixed asset additions.Lessons

Typical Fixed Asset Transaction Types
Recording Asset Transactions – Acquisitions
Creating and Acquiring Fixed Assets From Purchase Orders in Accounts Payable
Recording Asset Transactions – Depreciation
Recording Asset Transactions – Value Adjustments
Recording Asset Transactions – Disposals
Other Asset Transactions
Transaction Reversals – Fixed Assets
Replacement Cost and Insured Value Update
Copying Fixed Assets and Changing Fixed Asset Groups
Fixed Asset Additions


Module 5: Inquiries and ReportsReportsThis chapter explains how to create and view the inquiries and reports available in the Fixed Assets module.Lessons



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