Duration: 5 days
In this accelerated learning environment, this boot camp incorporates selected modules from Financials I in Dynamics AX 2012 (80219), Financials II in Dynamics AX 2012 (80220), and Fixed Assets in Dynamics AX 2012 (80302) for a total of seven days of training in a five day format. This course will help in preparing you for the exam Microsoft Dynamics AX 2012 Financials (MB6-702).
This course incorporates content from Microsoft Official Courses (MOC):
Financials I in Microsoft Dynamics AX 2012 (80219)
Financials II in Microsoft Dynamics AX 2012 (80220)
Fixed Assets in Microsoft Dynamics AX 2012 (80302)
This course is recommended for:
Partners, Customers, and other end users of the financial modules in Microsoft Dynamics AX.
Should have a moderate understanding of Finance processes. They need an understanding of which Dynamics AX functionalities apply to the different finance processes. This audience typically includes Dynamics AX partner staff, such as solution architects, functional consultants, and project managers. This exam is also appropriate for sales staff who have a business software solution background and who want to demonstrate foundational understanding of the Dynamics AX application.
- Authorized Courseware
- Intensive Hands on Skills Development with an Experienced Subject Matter Expert
- Hands on practice on real Servers and extended lab support 1.800.482.3172
- Examination Vouchers & Onsite Certification Testing- (excluding Adobe and PMP Boot Camps)
- Academy Code of Honor: Test Pass Guarantee
- Optional: Package for Hotel Accommodations, Lunch and Transportation
With several convenient training delivery methods offered, The Code Academy makes getting the training you need easy. Whether you prefer to learn in a classroom or an online live learning virtual environment, training videos hosted online, and private group classes hosted at your site. We offer expert instruction to individuals, government agencies, non-profits, and corporations. Our live classes, on-sites, and online training videos all feature certified instructors who teach a detailed curriculum and share their expertise and insights with trainees. No matter how you prefer to receive the training, you can count on The Code Academy for an engaging and effective learning experience.
- Instructor Led (the best training format we offer)
- Live Online Classroom – Online Instructor Led
- Self-Paced Video
Speak to an Admissions Representative for complete details
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Financials I in Microsoft Dynamics AX 2012
Module 1: General Ledger Setup
This module explains how to work with the chart of accounts and it’s multiple dimensions. These dimensions may be used to track profits, cost centers, and other financial information. Allocation rules and methods are also discussed in this course.
Currency and Exchange Rate Setup
Periods and Fiscal Year Setup
Financial Dimension Sets
Module 2: Chart of Accounts Setup
This module discusses the set up of the chart of accounts. Topics include account categories, creating new accounts, defining account information and creating ledgers.
Main Account Categories
Chart of Accounts
Main Account Information
Main Account Administration Information
Main Account Setup Information
Configuring Account Structures
Accounts for Automatic Transactions
Inquiries and Reports Related to the Chart of Accounts
Module 3: Journal Setup
This module explains the basic setup procedures for journals, including journal names, controls, and texts.
Balance Control Accounts
General Ledger Parameters
Module 4: General Ledger Daily Procedures
This module focuses on journal management and journal transactions. Review, change and modification of journals are discussed in this course.
General Ledger Journals
Enter General Ledger Transactions
Posting Multiple Journals
Gathering Data for an Approval Journal
General Ledger Transaction Reversal
Reversing Entries – General Journal
Inquire and View Reports on Daily Journal Transactions
Module 5: Sales Tax Setup
This module introduces the functionality available for handling sales tax in Microsoft Dynamics AX. Information regarding tax calculations options, posting and reporting can be handled is discussed along with how to enter sales tax transactions.
Sales Tax Overview
Ledger Posting Groups
Sales Tax Authorities
Sales Tax Settlement Periods
Sales Tax Codes
Sales Tax Code Intervals
Sales Tax Groups
Item Sales Tax Groups
Sales Tax Jurisdictions
Sales Tax Transactions
Sales Tax Exemption
Withholding Sales Tax
Module 6: Financial Features
This module focuses on features that are used across the various financial modules of Microsoft Dynamics AX. Topics include financial reason codes and the fill utility.
Financial Reason Codes
Module 7: Cash and Bank Management Setup
This module introduces the concepts and methods used to create and maintain bank accounts. Topics include setting up bank accounts, bank transactions types, transaction groups, bank parameters and payment purpose codes.
Bank Transaction Types
Bank Transaction Groups
Cash and Bank Management Parameters
Payment Purpose Codes
Module 8: Cash and Bank Management Daily Procedures
This module focuses on the available processes to manage bank transactions including creating checks, deleting checks, voiding checks, creating a bank deposit entry, reverse a check payment, bank remittances, refund checks and bank statement reconciliation.
Delete a Check
Void Unposted Checks
Reconcile a Bank Account
Module 9: Accounts Payable Setup
This module describes the different Accounts Payable setup options. It discusses setup procedures and defaults including topics such as payment options, vendor setup and posting profiles.
Terms of Payment
Methods of Payment
Accounts Payable Posting Profiles
Accounts Payable Vendors
Module 10: Accounts Payable Daily Procedures
This module discusses the various invoice journals in the Accounts Payable module. It describes what to use each invoice journal for, and how to enter transactions in each journal.
Invoice Journals in Accounts Payable
Invoice Approval Journal
Vendor Invoice Pool Excluding Posting Details
Charges to Purchase Order Invoices
Edit Open Transactions
Reverse a Closed Transaction
Module 11: Accounts Receivable Setup
This module introduces the setup procedures and defaults used in the Accounts Receivable module. Topics discussed include creating payment schedules, terms of payment, payment days, payment fees, and methods of payment. Setting up customers, customer groups and posting profiles are also discussed.
Terms of Payment
Methods of Payment
Accounts Receivable Posting Profiles
Accounts Receivable Customers
Module 12: Accounts Receivable Daily Procedures
This module discusses the free text invoice and payment journal and various other Accounts Receivable transactions that you use on a day to day basis in Accounts Receivable.
Free Text Invoice – Description and Usage
Edit Open Transactions
Placing an Accounts Receivable Transaction on Hold
Reimburse a Customer
Financials II in Microsoft Dynamics AX 2012
Module 1: Budgeting
This module discusses the concepts of budgeting, how to set up basic budgeting and budget controls including budgeting rules and attributes.
Basic Budgeting Setup
Configuring Budget Control
Module 2: Use and Manage Budgets
This module examines how to view the status and history of a budget. The process for using budget control on source documents and accounting journals is also discussed.
Using Budget Control
Budget Reporting and Inquiries
Budget Transaction Web Services
Transfer Budgets To and From General Ledger
Module 3: Commitment Accounting
This module discusses the process of defining an encumbrance and creating a purchase order encumbrance. It also discusses the entry and analysis of an encumbrance transaction and the processing of year-end commitments.
Defining Purchase Order Encumbrances
Setting Up Encumbrances
Purchase Order Encumbrance Transactions
Encumbrance Year-End Process
Module 4: Cash Flow Management
This module discusses the relationship of cash flows to modules in Microsoft Dynamics AX. It discusses how to set up cash flow forecasting and define a cash flow forecast budget model. It also demonstrates how to create and calculate cash flow transactions.
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
Module 5: Multicurrency
This module discusses the setup required for foreign currency revaluation. It also discusses how to run revaluation in different modules in Microsoft Dynamics AX.
Foreign Currency Revaluation
Accounts Receivable and Accounts Payable Exchange Rate Adjustments
Module 6: Advanced Payments
This module describes the processing and setup of advanced customer and vendor payments in Microsoft Dynamics AX including bridging accounts, electronic payments, centralized payments, bills of exchange and prepayments.
Electronic Vendor Payments
Electronic Customer Payments
Bill of Exchange Administration
Module 7: Intercompany Accounting
This module introduces the concepts of intercompany accounting. Topics discussed in this course include the review and posting of intercompany transactions, the setup of for intercompany accounting, and how to trace an intercompany transaction.
Post Intercompany Transactions
Intercompany Posting Setup
Post an Intercompany Transaction
Trace an Intercompany Entry
Module 8: Consolidations
This module discusses the capabilities of Microsoft Dynamics AX to consolidate subsidiary companies into a single consolidated company. Topics that are covered include how to set up a subsidiary company, setup of a consolidated company and how to perform a consolidation.
Set Up a Consolidation Company
Set Up a Subsidiary Company
Perform a Consolidation
View and Delete Consolidation Transactions
Module 9: Collections Management
This module describes how to set up and process customer statements, collection letters and interest notes to help in the collection process.
Customer Account Statement
Set Up Collection Letters
Process Collection Letters
Set Up Interest Codes
Managing Collections and Collection Agents
View and Manage Collections Information
Advanced Collections Management Tasks
Module 10: Financial Workflows
This module describes how to set up one or more workflow configurations, select a configuration and activate workflow.
General Ledger Workflow
Accounts Payable Workflow
Accounts Receivable Workflow
Module 11: Year-End Close
This module discusses the year-end processes necessary in Microsoft Dynamics AX. Topics covered in this course include creating a new fiscal year, how to hold or close a period, create a closing sheet and setting up fiscal year parameters.
Create a New Fiscal Year
Control Transactions in a Closing Period
Create and Post a Closing Sheet
Transfer Opening Balances
Module 12: Financial Statements
This module discusses the steps and processes to create a financial statement in Microsoft Dynamics AX. Topics covered include creating row and column definitions, creating and printing financial statements, and creating and printing dimension statements.
Financial Statement Setup
Financial Statement Row Definition
Financial Statement Column Definition
Print a Financial Statement
Create a Balance Sheet
Fixed Assets in Microsoft Dynamics AX 2012
Module 1: Introduction
This module provides an overview of fixed assets and its integration with other modules.
Fixed Assets Overview
Integration with Other Modules
Module 2: Setup Procedures
This module focuses on the setup procedures that are required for the Fixed assets module.
System Setup for Fixed Assets
Fixed Assets Module Setup
Depreciation Books Overview
Extended Functionality Features – Provision Types and Bonus Depreciation
Mass Update Depreciation Conventions for a Depreciation Book
Module 3: Setup of Assets
This module focuses on the setup of assets.
Fixed Assets Form
Set Up Assets
Assign Bar Codes to Assets
Project Module Integration to Fixed Assets
Lab: Set Up a Fixed Asset
Module 4: Asset Transactions
This module focuses on the different fixed asset Transaction Types, and detailed methods for recording those transactions.
Typical Fixed Asset Transaction Types
Create and Acquire Fixed Assets from Purchasing
Record Value Adjustments
Replacement Cost and Insured Value Update
Copy Fixed Assets and Change Fixed Asset Groups
Fixed Asset Additions
Lab: Acquiring an Asset Using the Fixed Assets Journal
Module 5: Inquiries and Reports
This module focuses on how to run inquiries and reports in Microsoft Dynamics AX 2012.