Financials I in Microsoft Dynamics AX 2012 Training

Instructor-Led Training Parameters

Course Highlights

  • Instructor-led Online Training
  • Project Based Learning
  • Certified & Experienced Trainers
  • Course Completion Certificate
  • Lifetime e-Learning Access
  • 24x7 After Training Support

Financials I in Microsoft Dynamics AX 2012 Training Course Overview

Financials I in Microsoft Dynamics AX 2012 training focuses on the basic functionality available in MS Dynamics AX. How to enter transactions in different accounts books say Bank Accounts, General Ledger, Accounts Receivable, Accounts Payable is explained thoroughly. An expert trainer will address the issues like setting up Sales Tax components; define bank parameters for creating a bank account and other related aspects.

Upon the completion of the training, you will be able to:

  • Track profit, cost centres and other financial information by work with the Chart of Accounts
  • Set up different currencies and exchange rates
  • Set up account structures and advance rules
  • Create, edit, close, delete the Main Account categories
  • Set up Journal names and controls; Balance Control accounts, and General Ledger parameters
  • Create and work on Approval Journal, Voucher template, Periodic Journal, and General Ledger Reversing Entries
  • Handle Sales tax calculations, codes, transactions, exemptions and other related functionalities
  • Create, modify, delete Financial Reason Codes
  • Set up and define procedures for Cash and Bank Management
Target audience

The end users, customers, and the partners, interested in the financial modules of Microsoft Dynamics AX are the ideal candidates for this training.

Prerequisites

Basic knowledge of accounting and hands-on experience on Microsoft Dynamics AX is a prerequisite for this course.

Exams

After being trained in the above skills, to get the official Microsoft Dynamics AX 2012 Financials certification, you can attempt for the exam MB6 – 702. For writing this exam, you must have to learn the other courses also namely, Financials II in Microsoft Dynamics AX 2012 and Fixed Assets in Microsoft Dynamics AX 2012.

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Financials I in Microsoft Dynamics AX 2012 Training Course Content

1. General Ledger Setup

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

2. Chart of Accounts Setup

  • 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

3. Journal Setup

  • Journal Setup
  • Journal Controls
  • Journal Descriptions
  • Balance Control Accounts
  • General Ledger Parameters

4. General Ledger Daily Procedures

  • 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

5. Sales Tax Setup

  • 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

6. Financial Features

  • Financial Reason Codes
  • Fill Utility

7. Cash and Bank Management Setup

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

8. Cash and Bank Management Daily Procedures

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

9. Accounts Payable Setup

  • Payment Schedule
  • Terms of Payment
  • Payment Days
  • Cash Discounts
  • Payment Fee
  • Methods of Payment
  • Vendor Groups
  • Accounts Payable Posting Profiles
  • Accounts Payable Vendors

10. Accounts Payable Daily Procedures

  • 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

11. Accounts Receivable Setup

  • Payment Schedule
  • Terms of Payment
  • Payment Days
  • Cash Discounts
  • Payment Fee
  • Methods of Payment
  • Customer Groups
  • Accounts Receivable Posting Profiles
  • Accounts Receivable Customers

12. Accounts Receivable Daily Procedures

  • 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

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