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Microsoft Dynamics AX Finance Online Training

Microsoft Dynamics AX 2012 Financials Online Training

Microsoft Dynamics AX 2012 Financials Online Training Concepts :

Module 1: General Ledger Setup

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

Financials I Overview of AX 2012

Differences between AX2009 vs. 2012

General Ledger Setup

  • Currency and Exchange Rate Setup
  • Periods and Fiscal Year Setup
  • Date Intervals
  • Reason Codes
  • Financial Dimensions
  • Financial Dimension Sets
  • Period Allocations

Chart of Accounts Setup

  • Main Account Categories
  • Chart of Accounts
  • Main Account Information
  • Main Account Administration Information
  • Main Account Setup Information
  • Configuring Account Structures
  • Advanced Rules
  • Ledger Setup
  • Accounts for Automatic Transactions
  • Inquiries and Reports Related to the Chart of
  • Accounts

Journal Setup

  • Journal Setup
  • Journal Controls
  • Journal Descriptions
  • Balance Control Accounts
  • General Ledger Parameter

Sales Tax Setup

  • Sales Tax Overview
  • Ledger Posting Groups
  • Sales Tax Authorities
  • Sales Tax Settlement Periods
  • Sales Tax Codes
  • Sales Tax Codes Intervals
  • Sales Tax Groups
  • Item Sales Tax Groups
  • Sales Tax Jurisdictions
  • Sales Tax Transactions
  • Sales Tax Exemption
  • Withholding Sales Tax

Financial Features

  • Financial Reason Codes
  • Fill Utility

Cash & Bank Management Setup

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

Cash & Bank Management Daily Procedures

  • Create Checks
  • Delete a Check
  • Deposit Slips
  • Void Unposted Checks
  • Refund Checks
  • Bank Remittance
  • Payment Reversal
  • Reconcile a Bank Account

Accounts Payable Setup

  • Payment Schedule
  • Terms of Payment
  • Payment Days
  • Cash Discounts
  • Payment Fee
  • Methods of Payment
  • Vendor Groups
  • Accounts Payable Posting Profiles
  • Accounts Payable Vendors

Accounts Payable Daily Procedures

  • Invoice Journals in Accounts Payable
  • Invoice Register
  • Invoice Approval Journal
  • Vendor Invoice Pool Excluding Posting Details
  • Invoice Journal
  • Voucher Template
  • Payment Journals
  • Prepayments
  • Invoice Matching
  • Charges to Purchase Order Invoices
  • Edit Open Transactions
  • Reverse a Closed Transaction
  • Print Management

Accounts Receivable Setup

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

Accounts Receivable Daily Procedures

  • Free Text Invoice – Description and Usage
  • Payment Journals
  • Edit Open Transactions
  • Placing an Accounts Receivable Transaction
  • on Hold
  • Reverse Settlements
  • Reimburse a Customer
  • Reason Codes
  • Print Management.

Financials II

  • Budgeting
  • Budgeting Overview
  • Basic Budgeting Setup
  • Budget Control
  • Configuring Budget Control
  • Use and Manage Budgets
  • Budget Amounts
  • Using Budget Control
  • Budget Reporting and Inquiries
  • Budget Transaction Web Services
  • Integrated Budgeting
  • Transfer Budgets To and From General Ledger

Commitment Accounting

  • Defining Purchase Order Encumbrances
  • Setting Up Encumbrances
  • Purchase Order Encumbrance Transactions
  • Encumbrance Year-End Process

Cash Flow Management

  • 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

Multicurrency

  • Setup
  • Foreign Currency Revaluation
  • Accounts Receivable and Accounts Payable
  • Exchange Rate Adjustments

Advanced Payments

  • Bridging Accounts
  • Electronic Vendor Payments
  • Electronic Customer Payments
  • Centralized Payments
  • Prepayments (Deposits)
  • Bill of Exchange Administration
  • Ledger Accrual

Intercompany Accounting

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

Collections Management

  • Customer Account Statement
  • Set Up Collection Letters
  • Process Collection Letters
  • Set Up Interest Codes
  • Calculate Interest
  • Managing Collections and Collection Agents
  • View and Manage Collections Information
  • Advanced Collections Management Tasks

Year-End Close

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

Financial Statements

  • Financial Statement Setup
  • Financial Statement Row Definition
  • Financial Statement Column Definition
  • Print a Financial Statement
  • Dimension Reports
  • XBRL Taxonomy

Fixed Assets

  • Introduction
  • Fixed Assets Overview
  • Structure
  • Integration with Other Modules
  • Module Review

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

Setup of Assets

  • Fixed Assets Form
  • Set Up Assets
  • Lend Assets
  • Assign Bar Codes to Assets
  • Asset Budgeting
  • Project Module Integration to Fixed Assets

Asset Transactions

  • Typical Fixed Asset Transaction Types
  • Record Acquisitions
  • Create and Acquire Fixed Assets From
  • Purchasing
  • Record Depreciation
  • Record Value Adjustments
  • Record Disposals
  • Transaction Reversals
  • Replacement Cost and Insured Value Update
  • Copy Fixed Assets and Change Fixed Asset
  • Groups
  • Fixed Asset Additions

Inquiries and Reports

  • Inquiries
  • Reports

Case Studies

  • Day to Day Assignments
  • Facilitate in Resume Preparation
  • Interview Tips
  • Guidance for Microsoft Certification