80220A: Financials II in Microsoft Dynamics AX 2012

80220A: Financials II in Microsoft Dynamics AX 2012 Course Description

Intended Audience for the 80220A: Financials II in Microsoft Dynamics AX 2012 Course

• This course is intended for partners, customers and other end users of the financial modules in Microsoft Dynamics AX.

Training Packages & Career Tracks that include the 80220A: Financials II in Microsoft Dynamics AX 2012 Course

• Microsoft Dynamics AX - Other

80220A: Financials II in Microsoft Dynamics AX 2012 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.

80220A: Financials II in Microsoft Dynamics AX 2012 Course Outline

1. Module 1: Budgeting
   1. This module discusses the concepts of budgeting, how to set up basic budgeting and budget controls including budgeting rules and attributes.
   2. Budgeting Overview
   3. Basic Budgeting Setup
   4. Budget Control
   5. Configuring Budget Control
2. Module 2: Use and Manage Budgets
   1. 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.
   2. Budget Amounts
   3. Using Budget Control
   4. Budget Reporting and Inquiries
   5. Budget Transaction Web Services
   6. Integrated Budgeting
   7. Transfer Budgets To and From General Ledger
   8. Lab: Create and Manage Budgets
   9. Lab: Create a Budget Transfer
   10. Lab: Use Budget Control on a Purchase Order
   11. Create Budget Register Entries
   12. Use Budget Control on a Purchase Order
3. Module 3: Commitment Accounting
4. 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.
   1. Defining Purchase Order Encumbrances
   2. Setting Up Encumbrances
   3. Purchase Order Encumbrance Transactions
   4. Encumbrance Year-End Process
5. Module 4: Cash Flow Management
   1. 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.
   2. Relationship of Cash Flow to Other Modules
   3. Set Up Cash Flow Forecasting
   4. Define a Cash Flow Forecast Budget Model
   5. Create Cash Flow Transactions
   6. Calculate Cash Flow Transactions
   7. Lab: Set Up a Ledger Account for Cash Flow Forecasting
   8. Lab: Set Up a Dependent Ledger Account
   9. Lab: Create a Budget Entry to Include in Cash Flow
   10. Lab: Calculate Cash Flow Transactions
6. Module 5: Multicurrency
   1. This module discusses the setup required for foreign currency revaluation. It also discusses how to run revaluation in different modules in Microsoft Dynamics AX.
   2. Setup
   3. Foreign Currency Revaluation
   4. Accounts Receivable and Accounts Payable Exchange Rate Adjustments
   5. Lab: Accounts Receivable Foreign Currency Revaluation
   6. Review the Customer Information
   7. Verify each Currency has an Exchange Rate Set Up
   8. Run the Exchange Rate Adjustment
   9. Review the Customer Information for any Updates
7. Module 6: Advanced Payments
   1. 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.
   2. Bridging Accounts
   3. Electronic Vendor Payments
   4. Electronic Customer Payments
   5. Centralized Payments
   6. Prepayments (Deposits)
   7. Bill of Exchange Administration
   8. Ledger Accrual
   9. Lab: Bridging Accounts
   10. Lab: Prepayments Setup
   11. Lab: Ledger Accrual
8. Module 7: Intercompany Accounting
   1. 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.
   2. Post Intercompany Transactions
   3. Intercompany Posting Setup
   4. Post an Intercompany Transaction
   5. Trace an Intercompany Entry
   6. Lab: Enter and Post an Intercompany Transaction
   7. Lab: Trace an Intercompany Transaction
9. Module 8: Consolidations
   1. 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.
   2. Set Up a Consolidation Company
   3. Set Up a Subsidiary Company
   4. Perform a Consolidation
   5. Consolidations Inquiry
   6. View and Delete Consolidation Transactions
   7. Intercompany Eliminations
   8. Lab: Set Up a Consolidation Company
   9. Review the General Ledger Parameter.
   10. Designate the System Account.
   11. Define the Consolidation Exchange Rates.
   12. Lab: Perform a Consolidation
10. Module 9: Collections Management
    1. This module describes how to set up and process customer statements, collection letters and interest notes to help in the collection process
    2. Customer Account Statement
    3. Set Up Collection Letters
    4. Process Collection Letters
    5. Set Up Interest Codes
    6. Calculate Interest
    7. Managing Collections and Collection Agents
    8. View and Manage Collections Information
    9. Advanced Collections Management Tasks
    10. Lab: Set Up a Collection Letter
    11. Set the Accounts Receivable Parameters
    12. Create and Define a Collection Letter Sequence
    13. Attach the Collection Letter Sequence to a Posting Profile
    14. Lab: Collection Letter
    15. Create a Collection Letter
    16. Review, Print, and Post the Collection Letter
    17. Lab: Set Up an Interest Code
    18. Create an Interest Code
    19. Attach the New Interest Code to the Posting Profile
    20. Check the Accounts Receivable Parameters
    21. Lab: Manage the Collections Process
    22. Update the Customer Aging Snapshot
    23. Update the Status of the Invoice
    24. Send an Email including the Customer Statement
11. Module 10: Financial Workflows
    1. This module describes how to set up one or more workflow configurations, select a configuration and activate workflow.
    2. Workflow Types
    3. Workflow Configurations
    4. Workflow Approvals
    5. General Ledger Workflow
    6. Accounts Payable Workflow
    7. Accounts Receivable Workflow
    8. Managing Workflows
12. Module 11: Year-End Close
    1. 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.
    2. Create a New Fiscal Year
    3. Control Transactions in a Closing Period
    4. Create and Post a Closing Sheet
    5. Transfer Opening Balances
    6. Lab: Year-End Close
13. Module 12: Financial Statements
    1. 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.
    2. Financial Statement Setup
    3. Financial Statement Row Definition
    4. Financial Statement Column Definition
    5. Print a Financial Statement
    6. Create a Balance Sheet
    7. Dimension Reports
    8. XBRL Taxonomy

Benefits of taking the 80220A: Financials II in Microsoft Dynamics AX 2012 course at NetCom

• Why choose Microsoft Dynamics Training at NetCom Learning?
  As a recognition for training excellence, NetCom Learning was chosen by Microsoft as the 2007 Worldwide Learning Solutions Partner of the year out of 1400 training companies.

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  Why Microsoft Dynamics Training at NetCom? NetCom Information Technology is a Microsoft Gold Certified Partner for Learning Solutions (CPLS). CPLS is the premier training channel and delivery mechanism for Microsoft Dynamics training content. On July 11, NetCom was honored by Microsoft as its Learning Solutions Partner of the Year. Selected as the Number One CPLS, from over 1400 worldwide CPLS's, Microsoft recognized our commitment and ability to deliver high-quality learning services using a consultative engagement model. We could not have achieved this coveted status without the help and support of our customers and well wishers - thank you!! Microsoft Certified Partner for Learning Solutions Value Proposition: Microsoft Certified Partner for Learning Solutions Non-authorized Training Center Only MCT (Microsoft Certified Trainers) are authorized to teach the class Non MCT can teach the course Taught using Microsoft Authorized Courseware (MOC), includes free evaluation software and online training Do not have access to official courseware Partners adhere to stringent Microsoft designated lab requirements Computer and lab equipment may not be up to requirements of course Successful candidates are awarded Certificate of Completion directly from Microsoft for most of the courses Not authorized to issue Certificate of Completion Overall, a better quality training experience Substandard training experience

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• Award winning, world-class Instructors

  Ginger M. - Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University. - Over 9 years of experience as a Master Certified Trainer. Expert in MS Dynamics GP Financials, Installation, HR/Payroll, Project Accounting, Inventory and Integration Manager. - Project Manager to various MS Dynamics Great Plains implementations. Bio: Ginger holds a Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University. Her career started as an Auditor for Deloitte & Touché and over the years she developed her passion for Microsoft Dynamics, implementing Dynamics GP and Project Cost in the Professional Services, Commercial Real Estate and Medical Facilities vertical markets. Ginger's experience with Microsoft Dynamics is unparalleled. As a Certified Master Dynamics trainer, she stays abreast of the latest Dynamics modules and shares experience with a very hands-on training technique at NetCom Learning.

  Ignacio J. - Designs and architects Microsoft IT solutions since the early 1990s. - Hands-on experience in multiple Microsoft Dynamics products including CRM, GP, SL, AX and NAV since 2004. - Taught over 250 courses at NetCom Learning. Bio: Ignacio is a Senior Solutions Architect, Civil Engineer and Certified Expert Trainer. He has been designing and architecting Microsoft IT solutions since the early 1990s, and has extensive experience developing scalable and high performance integration solutions. In 2004, Ignacio expanded into business management and accounting software as well, where he gained hands-on experience in many Microsoft Dynamics products including CRM, GP, SL, AX and NAV. Ignacio holds a library of industry-wide certifications from Microsoft and other leading IT vendors. He has taught over 250 courses at NetCom Learning and is revered by students for his wide-ranging IT expertise.

  Lynn D. - Over 25 years of experience working as Senior Financial Analyst and Senior Auditor. - Professor of Graduate Management and Business School at the University of Phoenix since 2007. - Microsoft Certifications in Financials, Trade & Logistics, Production and Human Resources Management as well as Microsoft Certified Trainer (MCT) since 2009. Bio: Lynn is a very accomplished Senior Financial Analyst and Senior Auditor with over 25 years of experience. She has been a Microsoft Certified Trainer since 2009 and a Professor of Graduate Management and Business School at University of Phoenix since 2007. In addition to several other Microsoft certifications, she is also a specialist in Microsoft Dynamics AX. Lynn has taught several Microsoft Dynamics AX courses at NetCom Learning and is described by her students as very knowledgeable, qualified, and patient with her approach. Her classes are very dynamic and energetic, just as the course per se.

  Ramesh P. Ramesh holds a Masters Degree in Computer Science with specialization in Information Security and is pursuing his Doctoral degree in IT from the University of South Australia (UniSA). He is a one of a kind trainer - he has been working in the IT field since 1995 and is an expert in C#, VB.NET, ASP.NET, Java/J2EE, PL/SQL, VB, ASP, and XML technologies. Ramesh also has extensive experience developing and implementing BizTalk and SharePoint in large corporations, as well as more than 10 years experience working with Oracle and SQL server/Sybase databases. With more than 19 certifications, Ramesh is an IT guru and trainer with worldwide experience, which includes presentations and trainings across US, Asia, and Middle East. He is a full time instructor at NetCom Learning and we couldn't be happier in having him as one of our Subject Matter Experts.

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• Actual Client Testimonials

  May 21 2012 The lecturer is quite personable and is quite helpful with making sure we understand the material we have covered. He is also quite knowledge in the subject area. This training has cleaned up a lot of areas that I have been having issues with in my work environment and I will surely be able to put a lot of it in to practice. -Candice C. Course(s) Taken Microsoft Dynamics GP 2010 - Financials and SQL Reporting - Accelerated (MCTS)

  
  

  May 21 2012 Good course. Good service. Good instructor. -Raman T. Course(s) Taken Microsoft Dynamics AX 2012 - Financials and Trade and Logistics - Accelerated

  
  

  May 21 2012 The instructor did an incredible job of presenting. -Kelly D. Course(s) Taken Microsoft Dynamics AX 2012 - Financials and Trade and Logistics - Accelerated

  
  

  May 21 2012 The class provided the background I will need to build upon upcoming responsibilities. Satisfactory on all counts. -John B. Course(s) Taken Microsoft Dynamics AX 2012 - Financials and Trade and Logistics - Accelerated

  
  

  May 21 2012 Stan is an excellent instructor. He made the course very informative and kept it interesting. Sebastian S. Course(s) Taken Microsoft Dynamics GP 2010 - Installation and Configuration - Accelerated (MCTS)

  
  

  May 21 2012 Classes were awesome! Our teacher, Mr. Smith, was entertaining and kept us motivated. -Lily L. Course(s) Taken Microsoft Dynamics GP 2010 - Financials and SQL Reporting - Accelerated (MCTS)

  
  

  May 07 2012 It was a good experience. It will help me in my new position loading the CRM practices. -Adolfo R. Course(s) Taken Microsoft Dynamics CRM 2011 - Accelerated

  
  

  Mar 12 2012 Ramesh our instructor was amazing. He has been the second amazing instructor through you guys!!! Nice, Knowledgeable and fun. -Kyle P. Course(s) Taken Microsoft Dynamics CRM 2011 - Accelerated

  
  
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