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MB6-871: Microsoft Dynamics AX 2012 Financials Exam Preparation

3 exams vouchers are included.

 

Course Outline

 

Financials  I

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.

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.

Module 3: Journal Setup

This module explains the basic setup procedures for journals, including journal names, controls, and texts.

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.

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.

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.

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.

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.

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.

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.

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.

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.

 

Financials II

Module 1: Budgeting

This module discusses the concepts of budgeting, how to set up basic budgeting and budget controls including budgeting rules and attributes.

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.

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

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.

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.

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.

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.

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.

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.

Module 10: Financial Workflows

This module describes how to set up one or more workflow configurations, select a configuration and activate 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.

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.


Fixed Assets

Module 1: Introduction

This module provides an overview of fixed assets and its integration with other modules.

Module 2: Setup Procedures

This module focuses on the setup procedures that are required for the Fixed assets module.

Module 3: Setup of Assets

This module focuses on the setup of assets.

Module 4: Asset Transactions

This module focuses on the different fixed asset Transaction Types, and detailed methods for recording those transactions

Module 5: Inquiries and Reports

This module focuses on how to run inquiries and reports in Microsoft Dynamics AX 2012. 

Course Registration

 

5 days
$4,500.00

 

Course Outline

 

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