Course Outline:

Chapter 1: Budgeting

The purpose of this chapter is to introduce students to the budgeting functionality within Microsoft Dynamics AX. Microsoft Dynamics AX uses a budget model/submodel setup and students learn how to set up each of these. Students are also shown how to use period allocation keys, generate and print budgets, copy and modify budgets and how to view budget data.

After completing this module, students will be able to:

• Create budget models and submodels within Microsoft Dynamics AX.
• Create period allocation keys.
• Generate and print budgets.
• Copy and modify budgets.
• View budget data.

Chapter 2: Cash Flow Management

This chapter focuses on the cash flow functionality in Microsoft Dynamics AX. Every company needs to know how much cash they have available at any given time. Students learn how the modules interrelate to generate cash flow numbers. They also learn the steps involved in setting up cash flow forecasting as well as how to inquire and report on the cash flow transactions.

After completing this module, students will be able to:

• Identify and understand the relationship of cash flow and other modules.
• Set up cash flow forecasting.
• Define a cash flow forecast budget model.
• Create cash flow transactions.
• Calculate cash flow transactions.
• View on-line data and print cash flow reports.

Chapter 3: Multi-Currency

The purpose of this chapter is to introduce students to the budgeting functionality This chapter focuses on the multi-currency capabilities of Microsoft Dynamics AX. Microsoft Dynamics AX has the ability to work with multiple currencies. Students learn how to set up multi-currency as well as the different options available such as the currency rounding and how to run exchange rate adjustments.

After completing this module, students will be able to:

• Make exchange rate adjustments.
• Set up currency rounding.

Chapter 4: Advanced Payments

This chapter is dedicated to the processing and setup of advanced customer and vendor payments in Microsoft Dynamics AX. These advanced payments include bridging accounts, electronic vendor and customer payments, prepayments and bills of exchange. Students also learn several of the options available when setting up a method of payment.

After completing this module, students will be able to:

• Set up Methods of Payment.
• Set up and process Vendor and Customer Electronic Payments.
• Set up and process Prepayments.
• Set up and process Bills of Exchange.
• Set up and process Ledger Accruals.

Chapter 5: Intercompany Accounting

The focus of this chapter is the intercompany accounting functionality in Microsoft Dynamics AX. Since Microsoft Dynamics AX companies reside in the same database, intercompany functionality requires limited set up. Students learn the necessary steps involved in the setup as well as how to create journal transactions that affect more than one company’s ledger.

After completing this module, students will be able to:

• Set up intercompany accounting.
• Create an intercompany accounting transaction.
• Trace an intercompany transaction.

Chapter 6: Consolidations

The purpose of this chapter is to introduce students to the budgeting functionality within Microsoft Dynamics AX. Microsoft Dynamics AX uses a budget model/submodel setup and students learn how to set up each of these. Students are also shown how to use period allocation keys, generate and print budgets, copy and modify budgets and how to view budget data.

After completing this module, students will be able to:

• Set up a consolidation company.
• Set up a subsidiary company.
• Perform a consolidation.
• Understand how to perform a consolidations inquiry.
• View and delete consolidation transactions.

Chapter 7: Collection Letters and Interest

This chapter explains how to set up, create and process collection letters and interest notes in Microsoft Dynamics AX. Although most customers pay their invoices on time, it is still necessary to have the ability to handle those invoices that are not paid by the due date. This chapter teaches students how to set up Microsoft Dynamics AX to handle these situations.

After completing this module, students will be able to:

• Set up and create collection letters.
• Process collection letters.
• Set up and create interest codes.

Chapter 8: Dimension Hierarchy

This chapter explains the dimension hierarchy in Microsoft Dynamics AX. Financial figures must be analyzed through different financial dimensions as a supplement to voucher and account numbers. The implementation of dimension sets with hierarchies makes it possible to control the values entered in the system and thus ensures more reliable data. Students learn how to use the dimension hierarchy structure with Microsoft Dynamics AX.

After completing this module, students will be able to:

• Understand the concept of dimension sets, hierarchies, and rules.
• Create a dimension set.
• Create a dimension subset.
• Activate a dimension set hierarchy.
• Create a dimension set hierarchy and a dimension set rule.

Chapter 9: XBRL Taxonomy

This chapter explains the concept of XBRL taxonomy in Microsoft Dynamics AX. XBRL is a global financial reporting initiative undertaken by numerous ERP software companies and international accounting organizations. Students also learn the goal of XBRL, and how to import XBRL taxonomy, as well as how to create a reference to a row structure, and how to create an XBRL file from the financial statement.

After completing this module, students will be able to:

• Understand the concept of XBRL taxonomy.
• Import XBRL taxonomy.
• Create a reference to a row structure.
• Create an XBRL file from the financial statement.

Chapter 10: Year-End Close

This chapter covers the year-end functionality in Microsoft Dynamics AX including the processes of creating and closing fiscal years. At year end, it is always necessary to make adjustment entries that reflect transactions from the previous year. Also, a new fiscal year must be created and opening balances must be transferred. Students learn the options available for closing a fiscal year in Microsoft Dynamics AX.

After completing this module, students will be able to:

• Perform the fiscal year-end close.