Custom MOC 80219 / 80220 / 80302: Financials I, II & Fixed Assets in Microsoft Dynamics AX 2012

This 5 day custom and Accelerated MOC 80219 / 80220 / 80302: Financials I, II and Fixed Assets in Microsoft Dynamics AX 2012 class is presented by Microsoft training partners to their end customers. Channel Partners nationwide hire proven AMS Subject Matter Expert Microsoft Certified Trainers (MCT’s) to teach on-site or on-line classes.

In this Microsoft Dynamics AX 2012 class. Students will be introduced to set up processes in General Ledger, Accounts Payable, Accounts Receivable, and the Bank module, as well as how to enter transactions in each. Then students will explore topics such as the setup and usage of budgeting, cash flow management, multicurrency, intercompany, and consolidated accounting. Additionally, students learn about the multiple advanced payment options, how to produce customer account statements, collection letters, complete year-end close functionality, and produce financial statements.  Lastly students will explore Fixed Assets in Microsoft Dynamics AX 2012 and learn how to use the fixed asset functionality in the application. The course focuses on the various setup requirements for Fixed Assets, transactions, and reports and inquiries.

The following courses are covered:

  80219: Financials I in Microsoft Dynamics AX 2012

  80220: Financials II in Microsoft Dynamics AX 2012

  80302: Fixed Assets in Microsoft Dynamics AX 2012

Intended Audience:   

This course is intended for individuals on the implementation team, administrating or using the Fixed Assets and Financial management modules in Microsoft Dynamics AX 2012. This audience typically includes individuals who are tasked with assessing a customer’s business needs and advising them on the use, configuration and customization of the application. Additionally, individuals responsible for training or supporting Microsoft Dynamics AX 2012 benefit from this course.

Course Objectives:

  • Set up Basic Budgeting and configure Budget Controls.
  • Enter Budget Data.
  • Define an Encumbrance and complete year-end Commitments.
  • Set up Cash Flow Forecasting and create and calculate Cash Flow transactions.
  • Set up and run Foreign Currency Revaluation.
  • Set up and process Advanced Payments.
  • Set up Intercompany Accounting and post and trace Intercompany transactions.
  • Set up Consolidation and Subsidiary Companies.
  • Print Customer Statements, process Collection Letters, set up Interest Codes and calculate Interest.
  • Define Workflows and create financial module Approvals.
  • Complete Year-End steps and procedures.
  • Create and print Financial Statements.
  • Set up General Ledger.
  • Set up a Chart of Accounts.
  • Set up Journals.
  • Enter General Ledger Transactions.
  • Set up Sales Tax Components.
  • Set up Reason Codes and use the Fill Utility.
  • Set up Bank Accounts and Bank Parameters.
  • Enter Bank Transactions.
  • Set up Accounts Payable.
  • Enter Accounts Payable Transactions.
  • Set up Accounts Receivable.
  • Enter Accounts Receivable Transaction.
  • Define fixed assets and describe the integration of the Fixed assets module with General ledger, Accounts payable, Accounts receivable, Project accounting, and Inventory management modules.
  • Set up the Fixed assets module.
  • Set up assets.
  • Compare different fixed asset Transaction Types and methods for recording transactions.
  • Run inquiries and reports.

This course prepares students for the following Exam

  • MB6-871 : Microsoft Dynamics AX 2012 Financials

Course Outline

  1. General Ledger Setup
    1. Currency and Exchange Rate Setup
    2. Periods and Fiscal Year Setup
    3. Date Intervals
    4. Reason Codes
    5. Financial Dimensions
    6. Financial Dimension Sets
    7. Period Allocations
  2. Chart of Accounts Setup
    1. Main Account Categories
    2. Chart of Accounts
    3. Main Account Information
    4. Main Account Administration Information
    5. Main Account Setup Information
    6. Configuring Account Structures
    7. Advanced Rules
    8. Ledger Setup
    9. Accounts for Automatic Transactions
    10. Inquiries and Reports Related to the Chart of Accounts
  3. Journal Setup
    1. Journal Setup
    2. Journal Controls
    3. Journal Descriptions
    4. Balance Control Accounts
    5. General Ledger Parameters
  4. General Ledger Daily Procedures
    1. General Ledger Journals
    2. Enter General Ledger Transactions
    3. Posting Multiple Journals
    4. Approval Journals
    5. Gathering Data for an Approval Journal
    6. Voucher Templates
    7. Periodic Journals
    8. General Ledger Transaction Reversal
    9. Reversing Entries – General Journal
    10. Inquire and View Reports on Daily Journal Transactions
  5. Sales Tax Setup
    1. Sales Tax Overview
    2. Ledger Posting Groups
    3. Sales Tax Authorities
    4. Sales Tax Settlement Periods
    5. Sales Tax Codes
    6. Sales Tax Code Intervals
    7. Sales Tax Groups
    8. Item Sales Tax Groups
    9. Sales Tax Jurisdictions
    10. Sales Tax Transactions
    11. Sales Tax Exemption
    12. Withholding Sales Tax
  6. Financial Features
    1. Financial Reason Codes
    2. Fill Utility
  7. Cash and Bank Management Setup
    1. Bank Transaction Types
    2. Bank Transaction Groups
    3. Cash and Bank Management Parameters
    4. Payment Purpose Codes
    5. Bank Groups
    6. Bank Accounts
    7. Check Layout
  8. Cash and Bank Management Daily Procedures
    1. Create Checks
    2. Delete a Check
    3. Deposit Slips
    4. Void Unposted Checks
    5. Refund Checks
    6. Bank Remittance
    7. Payment Reversal
    8. Reconcile a Bank Account
  9. Accounts Payable Setup
    1. Payment Schedule
    2. Terms of Payment
    3. Payment Days
    4. Cash Discounts
    5. Payment Fee
    6. Methods of Payment
    7. Vendor Groups
    8. Accounts Payable Posting Profiles
    9. Accounts Payable Vendors
  10. Accounts Payable Daily Procedures
    1. Invoice Journals in Accounts Payable
    2. Invoice Register
    3. Invoice Approval Journal
    4. Vendor Invoice Pool Excluding Posting Details
    5. Invoice Journal
    6. Voucher Template
    7. Payment Journals
    8. Prepayments
    9. Invoice Matching
    10. Charges to Purchase Order Invoices
    11. Edit Open Transactions
    12. Reverse a Closed Transaction
    13. Print Management
  11. Accounts Receivable Setup
    1. Payment Schedule
    2. Terms of Payment
    3. Payment Days
    4. Cash Discounts
    5. Payment Fee
    6. Methods of Payment
    7. Customer Groups
    8. Accounts Receivable Posting Profiles
    9. Accounts Receivable Customers
  12. Accounts Receivable Daily Procedures
    1. Free Text Invoice – Description and Usage
    2. Payment Journals
    3. Edit Open Transactions
    4. Placing an Accounts Receivable Transaction on Hold
    5. Reverse Settlements
    6. Reimburse a Customer
    7. Reason Codes
    8. Print Management
  13. Budgeting
    1. Budgeting Overview
    2. Basic Budgeting Setup
    3. Budget Control
    4. Configuring Budget Control
  14. Use and Manage Budgets
    1. Budget Amounts
    2. Using Budget Control
    3. Budget Reporting and Inquiries
    4. Budget Transaction Web Services
    5. Integrated Budgeting
    6. Transfer Budgets To and From General Ledger
  15. Commitment Accounting
    1. Defining Purchase Order Encumbrances
    2. Setting Up Encumbrances
    3. Purchase Order Encumbrance Transactions
    4. Encumbrance Year-End Process
  16. Cash Flow Management
    1. Relationship of Cash Flow to Other Modules
    2. Set Up Cash Flow Forecasting
    3. Define a Cash Flow Forecast Budget Model
    4. Create Cash Flow Transactions
    5. Calculate Cash Flow Transactions
  17. Multicurrency
    1. Setup
    2. Foreign Currency Revaluation
    3. Accounts Receivable and Accounts Payable Exchange Rate Adjustments
  18. Advanced Payments
    1. Bridging Accounts
    2. Electronic Vendor Payments
    3. Electronic Customer Payments
    4. Centralized Payments
    5. Prepayments (Deposits)
    6. Bill of Exchange Administration
    7. Ledger Accrual
  19. Intercompany Accounting
    1. Post Intercompany Transactions
    2. Intercompany Posting Setup
    3. Post an Intercompany Transaction
    4. Trace an Intercompany Entry
  20. Consolidations
    1. Set Up a Consolidation Company
    2. Set Up a Subsidiary Company
    3. Perform a Consolidation
    4. Consolidations Inquiry
    5. View and Delete Consolidation Transactions
    6. Intercompany Eliminations
  21. Collections Management
    1. Customer Account Statement
    2. Set Up Collection Letters
    3. Process Collection Letters
    4. Set Up Interest Codes
    5. Calculate Interest
    6. Managing Collections and Collection Agents
    7. View and Manage Collections Information
    8. Advanced Collections Management Tasks
  22. Financial Workflows
    1. Workflow Types
    2. Workflow Configurations
    3. Workflow Approvals
    4. General Ledger Workflow
    5. Accounts Payable Workflow
    6. Accounts Receivable Workflow
    7. Managing Workflows
  23. Year-End Close
    1. Create a New Fiscal Year
    2. Control Transactions in a Closing Period
    3. Create and Post a Closing Sheet
    4. Transfer Opening Balances
  24. Financial Statements
    1. Financial Statement Setup
    2. Financial Statement Row Definition
    3. Financial Statement Column Definition
    4. Print a Financial Statement
    5. Create a Balance Sheet
    6. Dimension Reports
    7. XBRL Taxonomy
  25. Introduction
    1. Fixed Assets Overview
    2. Structure
    3. Integration with Other Modules
  26. Setup Procedures
    1. System Setup for Fixed Assets
    2. Fixed Assets Module Setup
    3. Parameters
    4. Depreciation Methods
    5. Depreciation Conventions
    6. Depreciation Books Overview
    7. Extended Functionality Features – Provision Types and Bonus Depreciation
    8. Mass Update Depreciation Conventions for a Depreciation Book
  27. Setup of Assets
    1. Fixed Assets Form
    2. Set Up Assets
    3. Lend Assets
    4. Assign Bar Codes to Assets
    5. Asset Budgeting
    6. Project Module Integration to Fixed Assets
  28. Asset Transactions
    1. Scenario
    2. Typical Fixed Asset Transaction Types
    3. Record Acquisitions
    4. Create and Acquire Fixed Assets from Purchasing
    5. Record Depreciation
    6. Record Value Adjustments
    7. Record Disposals
    8. Transaction Reversals
    9. Replacement Cost and Insured Value Update
    10. Copy Fixed Assets and Change Fixed Asset Groups
    11. Fixed Asset Additions
  29. Inquiries and Reports
    1. Inquiries
    2. Reports


To Hire a proven AMS Microsoft Dynamics AX I, II and Fixed Assets Subject Matter Expert who also teaches this class, Call 800-798-3901 Today!

Leave a Reply