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Financials II in Microsoft Dynamics AX 2012

This course explores topics such as the setup and usage of budgeting, cash flow management, multicurrency, intercompany, and consolidated accounting. Additionally, students learn about the multiple advanced payment optio... Show More
Course Prerequisites:
This course is intended for partners, customers and other end users of the financial modules in Microsoft Dyna... Show More
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Instructor-Led Training (ILT)

Attend training in a classroom environment at a campus near you. Instructor-led training is still the number one delivery method of choice because it allows you to interact and discuss the training material, either individually or in a group setting, and you gain access to expert knowledge from certified instructors. This form of guided learning is impactful and produces positive learning outcomes. Day, evening and Saturday classes are offered.


5 Days

Course Content

Module 1: Budgeting
This module discusses the concepts of budgeting, how to set up basic budgeting and budget controls including budgeting rules and attributes.

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.

Budget Amounts
Using Budget Control
Budget Reporting and Inquiries
Budget Transaction Web Services
Integrated Budgeting
Transfer Budgets To and From General Ledger

Lab : Create and Manage Budgets
Lab : Create a Budget Transfer
Lab : Use Budget Control on a Purchase Order
Create Budget Register Entries
Use Budget Control on a Purchase Order

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.

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.

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

Lab : Set Up a Ledger Account for Cash Flow Forecasting
Lab : Set Up a Dependent Ledger Account
Lab : Create a Budget Entry to Include in Cash Flow
Lab : 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.

Setup Foreign Currency Revaluation
Accounts Receivable and Accounts Payable Exchange Rate Adjustments

Lab : Accounts Receivable Foreign Currency Revaluation
Review the Customer Information
Verify each Currency has an Exchange Rate Set Up
Run the Exchange Rate Adjustment
Review the Customer Information for any Updates

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.

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

Lab : Bridging Accounts
Lab : Prepayments Setup
Lab : 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.

Post Intercompany Transactions
Intercompany Posting Setup
Post an Intercompany Transaction
Trace an Intercompany Entry

Lab : Enter and Post an Intercompany Transaction
Lab : 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.

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

Lab : Set Up a Consolidation Company
Review the General Ledger Parameter.
Designate the System Account.
Define the Consolidation Exchange Rates.

Lab : 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.

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

Lab : Set Up a Collection Letter
Set the Accounts Receivable Parameters
Create and Define a Collection Letter Sequence
Attach the Collection Letter Sequence to a Posting Profile

Lab : Collection Letter
Create a Collection Letter
Review, Print, and
Post the Collection Letter

Lab : Set Up an Interest Code
Create an Interest Code
Attach the New Interest Code to the Posting Profile
Check the Accounts Receivable Parameters

Lab : Manage the Collections Process
Update the Customer Aging Snapshot
Update the Status of the Invoice
Send an Email including the Customer Statement

Module 10: Financial Workflows
This module describes how to set up one or more workflow configurations, select a configuration and activate workflow.

Workflow Types
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.

Create a New Fiscal Year
Control Transactions in a Closing Period
Create and Post a Closing Sheet
Transfer Opening Balances

Lab : Year-End Close

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.

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

CTU Training Solutions , Updated: July 6th, 2017

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