Microsoft Dynamics AX Financials Training

Microsoft Dynamics AX Financials Training Overview

Microsoft Dynamics AX Financials is that the best coaching for all sort of business functions. The Course is all concerning the better and quicker ways that to manage your business victimization the Microsoft Dynamics. With the Enterprise Resource coming up with, business management is going to be even good and productive corporations to require the corporate works from additional advanced to less complicated terms. Microsoft soft AX Financials course deals with managing the monetary associated accounting connected information to be maintained in an orderly fashion. We provide you the Microsoft Dynamics AX Financials Training with complete data on integrated, all-mains business management answer within the Microsoft Dynamics line with provision and Finance. Microsoft Dynamics AX may be a widespread ERP (Enterprise Resource Planning) code from Microsoft and has been designed for companies and organizations to manage their finances, human resources, operations etc. It’s turning into widespread for being simple to use and implement and is delivered through a world network of reselling partners and supports multiple languages and currencies.

Objectives of the Course

• Financial services I, II and glued assets
• General ledger setup
• Journal setup
• Bank management setup
• Account payable setup
• Accounts receivable setup
• Intercompany accounting
• ERP Introduction and business application
• Introduction to Microsoft Dynamics AX Development
• Introduction to Microsoft Dynamics AX knowledge lexicon
• EP (Ax internet application)
• Programming Development setting

Who should do the course

• Finance Managers
• Accounting Professionals
• Project Managers of IT corporations
• Chartered Accountants
• Management Professionals
• Finance Graduates
• Customer system directors
• High-level users
• Consultants
• End users
• Aspirants aiming for a career within the prospective field.
• Business Professionals
• Management Executives
• Business Managers
• Business Development Executives
• Business Entrepreneurs

Microsoft Dynamics AX Financials Course Content

AX-Financial Series I II And Fixed AssetsGeneral Ledger Setup

• Setup currencies and Exchange Rates
• Create Periods in a new Fiscal Year
• Create Date Intervals
• Create a Dimension Value
• Create a Dimension Focus

Chart Of Account Setup

• Creation of new accounts in COA
• Setup account Allocation Terms
• Setup System Accounts
• Inquiries and Reports related to COA

Journal Setup

• Setup Journal Names
• Setup Journal Controls
• Create Journal Texts
• Setup Balance Control Accounts
• Setup General Ledger Parameters

General Ledger Daily Procedures

• Create General Ledger Journals
• Enter General Ledger Transactions
• Create Journal Batch Processing
• Create Approval Journals
• Create and Retrieve Periodic Journals
• General Ledger Transaction Reversal
• Inquire and Reports on Daily Journal Transactions

Bank Management Setup

• Setup Bank Transaction Types Transaction Groups
• Setup Bank Groups
• Setup Payment Purpose codes
• Setup Bank Parameters
• Create a Bank account
• Define a Check Layout for a bank account

Accounts Payable Setup

• Create a Payment schedule
• Create terms of Payment
• Create a Payment Day
• Setup Cash discount
• Create a Payment Fee
• Create a Method of Payment
• Setup Vendor Groups and Posting Profile
• Create a New Vendor

Accounts Payable Daily Procedures

• Different Invoice Journals
• Register an invoice Journal
• Approve an Invoice Register Journal
• Create an invoice excl. Posting
• Create an Invoice Journal
• Create a Payment Proposal
• Run a Payment Proposal for a marked Settlement
• Create a Payment Journal
• Generate a Payment
• Edit open Transactions
• Reverse Closed Transaction

Accounts Receivable Setup

• Create a Payment schedule
• Create Terms of Payment
• Create a Payment Day
• Setup Cash discount
• Create a Payment Fee
• Create a Method of Payment
• Setup Customer groups
• Setup Posting Profiles
• Create a New customer

Accounts Receivable Daily Procedures

• Create a Free text Invoice
• Editing an Open Free Text Invoice
• Create a Payment Proposal
• Mark for Settlement
• Create a Payment Journal
• Edit Open Transactions
• Reverse a settlement
• Reimburse a customer

Bank Management Daily Procedures

• Create Checks
• Delete Checks
• Create a Bank Deposit Entry
• Void Checks
• Create a Check Refund that prints out a check
• Use Bank Remittances
• Reconcile Bank Statements

Sales Tax Setup

• Overview of Sales Tax
• Create Ledger Posting Groups, Create Sales Tax Authorities
• Create Sales Tax Settlement Periods
• Create Sales tax codes
• Create Sales tax codes Intervals
• Create Sales Tax Groups
• Create Item sales Tax Groups
• Create Sales tax Transactions
• Create Sales Tax Exempt Data
• Calculate and Post With holding Sales Tax

FINANCIAL STATEMENTS Cash Flow Management

• Relationship of cash flow with other Modules
• Setup cash flow forecasting
• Define a Cash Flow Forecast Budget Model
• Create Cash flow Transactions
• Viewing online data and Print Cash flow Reports

Multicurrency

• Run Exchange Rate Adjustments in GL
• Run Exchange Rate Adjustments in AR and AP
• Setup Currency rounding

Advanced Payments

• Create and Process a Bridging Account Method of Payment
• Setup and Process Prepayments
• Setup and Process Bills of Exchange
• Setup and apply Ledger accruals

Inter Company Accounting

• Review Posting Intercompany Transactions
• Review setup for Intercompany accounting
• Post an Intercompany Transaction
• Trace an intercompany Transaction

Consolidations

• Setup a Consolidation Company
• Setup a Subsidiary Company
• Perform a Consolidation
• Consolidation According to FASB 52 Regulation
• Consolidations Inquiry
• View and Delete Consolidation Transactions

Collection Letters And Interest

• Setup and Create Collection Letters
• Process Collection Letters
• Setup and Create Interest Codes

Dimensions Hierarchy

• The overall Concepts of Dimension sets, Hierarchies and Rules Creation of Dimension Set
• Creation of Dimension SubSet
• Activate Dimension Set Hierarchy
• Create a Dimension Set Hierarchy and dimension Set Rules

Year-End Close

• Create a New Fiscal Year
• Control Transactions in a Closing Period
• Stop or Close a Period
• Change a Module Status in a period
• Create a Closing sheet
• Make Adjustments or Transfers between Accounts
• Setup Fiscal Year Close Parameters
• Transfer Opening Balances

Introduction To Fixed Assets

• Fixed Assets Overview
• Functionality Required for Fixed Asset Accounting
• Structure and Integration with Other Modules

Setup Procedures

• System Setup for Fixed Assets
• Fixed Assets Module Setup
• Depreciation Methods
• Depreciation Conventions, Books Overview
• Country Specific Features
• Mass Update Depreciation Conventions for a Depreciation Book

Setup Assets

• Fixed Asset Form
• Setting up Assets in the Fixed Assets Module
• Inquiries in the Fixed Asset Form
• Bonus Depreciation
• Lending Assets
• Assigning Bar Codes to Assets
• Asset Budgeting