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Microsoft AX 2012 Financials Boot Camp

Description

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.

Prerequisites

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.

Curriculum

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.

Lessons

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

 

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.

Lessons

  • 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

 

Module 3: Journal Setup

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

Lessons

  • Journal Setup
  • Journal Controls
  • Journal Descriptions
  • 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.

Lessons

  • General Ledger Journals
  • Enter General Ledger Transactions
  • Posting Multiple Journals
  • Approval Journals
  • Gathering Data for an Approval Journal
  • Voucher Templates
  • Periodic Journals
  • 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.

Lessons

  • 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.

Lessons

  • Financial Reason Codes
  • 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.

Lessons

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

 

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.

Lessons

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

Lessons

  • Payment Schedule
  • Terms of Payment
  • Payment Days
  • Cash Discounts
  • Payment Fee
  • Methods of Payment
  • Vendor Groups
  • 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.

Lessons

  • 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

 

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.

Lessons

  • Payment Schedule
  • Terms of Payment
  • Payment Days
  • Cash Discounts
  • Payment Fee
  • Methods of Payment
  • Customer Groups
  • 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.

Lessons

  • 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 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.

Lessons

  • Budgeting Overview
  • Basic Budgeting Setup
  • Budget Control
  • 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.

Lessons

  • Budget Amounts
  • Using Budget Control
  • Budget Reporting and Inquiries
  • Budget Transaction Web Services
  • Integrated Budgeting
  • 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.

Lessons

  • 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.

Lessons

  • 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.

Lessons

  • Setup
  • 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.

Lessons

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

 

 

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.

Lessons

  • 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.

Lessons

  • Set Up a Consolidation Company
  • Set Up a Subsidiary Company
  • Perform a Consolidation
  • Consolidations Inquiry
  • View and Delete Consolidation Transactions
  • Intercompany Eliminations

 

 

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.

Lessons

  • 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

 

 

Module 10: Financial Workflows

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

Lessons

  • Workflow Types
  • Workflow Configurations
  • Workflow Approvals
  • General Ledger Workflow
  • Accounts Payable Workflow
  • Accounts Receivable Workflow
  • Managing Workflows

 

 

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.

Lessons

  • 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.

Lessons

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

 

Fixed Assets in Microsoft Dynamics AX 2012

Module 1: Introduction

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

Lessons

  • Fixed Assets Overview
  • Structure
  • Integration with Other Modules

 

Module 2: Setup Procedures

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

Lessons

  • 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

 

Module 3: Setup of Assets

This module focuses on the setup of assets.

Lessons

  • Fixed Assets Form
  • Set Up Assets
  • Lend Assets
  • Assign Bar Codes to Assets
  • Asset Budgeting
  • 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.

Lessons

  • Scenario
  • 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

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.

Lessons

  • Inquiries
  • Reports

 

What's included?
 

  • 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 1-day Adobe, 1-day MS Office and PMP Boot Camps) 
  • Academy Code of Honor: Test Pass Guarantee
  • Optional: Package for Hotel Accommodations, Lunch and Transportation

Training Formats

With several convenient training delivery methods offered, The 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 Academy for an engaging and effective learning experience.

Methods

Instructor Led (the best training format we offer)
Live Online Classroom – Online Instructor Led
Self-Paced Video

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