Ax2012 Enus Finii Toc

8/19/2019 Ax2012 Enus Finii Toc

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Table of Contents

i

Introduction 0-1

Welcome ............................................................................................................ 0-1

Microsoft Dynamics Courseware Contents ........................................................ 0-2

Documentation Conventions .............................................................................. 0-3

Student Objectives ............................................................................................. 0-4

Chapter 1: Budgeting 1-1

Objectives ........................................................................................................... 1-1

Introduction ......................................................................................................... 1-1

Budgeting Overview ........................................................................................... 1-2

Basic Budgeting Setup ....................................................................................... 1-7

Budget Control ................................................................................................. 1-14

Configuring Budget Control .............................................................................. 1-20

Summary .......................................................................................................... 1-36

Test Your Knowledge ....................................................................................... 1-37

Quick Interaction: Lessons Learned ................................................................. 1-38

Solutions ........................................................................................................... 1-39

Chapter 2: Use and Manage Budgets 2-1

Objectives ........................................................................................................... 2-1

Introduction ......................................................................................................... 2-1

Budget Amounts ................................................................................................. 2-2

Lab 2.1 - Create and Manage Budgets .............................................................. 2-9

Lab 2.2 - Create a Budget Transfer .................................................................. 2-11

Using Budget Control ....................................................................................... 2-13

Lab 2.3 - Use Budget Control on a Purchase Order......................................... 2-16

Budget Reporting and Inquiries ........................................................................ 2-19

Budget Transaction Web Services ................................................................... 2-22

Integrated Budgeting ........................................................................................ 2-22

Transfer Budgets To and From General Ledger .............................................. 2-26

Summary .......................................................................................................... 2-26



Solutions ........................................................................................................... 2-29

Chapter 3: Commitment Accounting 3-1

Objectives ........................................................................................................... 3-1

Introduction ......................................................................................................... 3-1

Defining Purchase Order Encumbrances ........................................................... 3-2

Setting Up Encumbrances .................................................................................. 3-3

Purchase Order Encumbrance Transactions ..................................................... 3-5 Encumbrance Year-End Process ....................................................................... 3-6

Summary ............................................................................................................ 3-9



Solutions ........................................................................................................... 3-12



Financials II in Microsoft Dynamics® AX 2012

ii

Chapter 4: Cash Flow Management 4-1

Objectives ........................................................................................................... 4-1

Introduction ......................................................................................................... 4-1

Relationship of Cash Flow to Other Modules ..................................................... 4-2

Set Up Cash Flow Forecasting ........................................................................... 4-2

Lab 4.1 - Set Up a Ledger Account for Cash Flow Forecasting ......................... 4-9 Lab 4.2 - Set Up a Dependent Ledger Account ................................................ 4-10

Define a Cash Flow Forecast Budget Model .................................................... 4-11

Create Cash Flow Transactions ....................................................................... 4-11

Lab 4.3 - Create a Budget Entry to Include in Cash Flow ................................ 4-13

Calculate Cash Flow Transactions ................................................................... 4-14

Lab 4.4 - Calculate Cash Flow Transactions .................................................... 4-16

Summary .......................................................................................................... 4-18



Solutions ........................................................................................................... 4-21

Chapter 5: Multicurrency 5-1

Objectives ........................................................................................................... 5-1

Introduction ......................................................................................................... 5-1

Setup .................................................................................................................. 5-2

Foreign Currency Revaluation ............................................................................ 5-5

Accounts Receivable and Accounts Payable Exchange Rate Adjustments ....... 5-8

Lab 5.1 - Accounts Receivable Foreign Currency Revaluation ........................ 5-12

Summary .......................................................................................................... 5-14



Solutions ........................................................................................................... 5-17

Chapter 6: Advanced Payments 6-1

Objectives ........................................................................................................... 6-1

Introduction ......................................................................................................... 6-1

Bridging Accounts .............................................................................................. 6-2

Lab 6.1 - Bridging Accounts ............................................................................... 6-6

Electronic Vendor Payments .............................................................................. 6-7

Electronic Customer Payments ........................................................................ 6-14

Centralized Payments ...................................................................................... 6-15

Prepayments (Deposits) ................................................................................... 6-24

Lab 6.2 - Prepayments Set Up ......................................................................... 6-27

Bill of Exchange Administration ........................................................................ 6-29

Ledger Accrual ................................................................................................. 6-39

Lab 6.3 - Ledger Accrual .................................................................................. 6-42

Summary .......................................................................................................... 6-44



Solutions ........................................................................................................... 6-48



Table of Contents

iii

Chapter 7: Intercompany Accounting 7-1

Objectives ........................................................................................................... 7-1

Introduction ......................................................................................................... 7-1

Post Intercompany Transactions ........................................................................ 7-2

Intercompany Posting Setup .............................................................................. 7-3

Post an Intercompany Transaction ..................................................................... 7-6 Trace an Intercompany Entry ............................................................................. 7-8

Lab 7.1 - Enter and Post an Intercompany Transaction ................................... 7-10

Lab 7.2 - Trace an Intercompany Transaction.................................................. 7-12

Summary .......................................................................................................... 7-13


Chapter 8: Consolidations 8-1

Objectives ........................................................................................................... 8-1

Introduction ......................................................................................................... 8-1

Set Up a Consolidation Company ...................................................................... 8-2

Lab 8.1 - Set Up a Consolidation Company ....................................................... 8-5

Set Up a Subsidiary Company ........................................................................... 8-7

Perform a Consolidation ..................................................................................... 8-9

Lab 8.2 - Perform a Consolidation .................................................................... 8-13

Consolidations Inquiry ...................................................................................... 8-15

View and Delete Consolidation Transactions ................................................... 8-16

Intercompany Eliminations ............................................................................... 8-16

Summary .......................................................................................................... 8-22



Solutions ........................................................................................................... 8-26

Chapter 9: Collections Management 9-1

Objectives ........................................................................................................... 9-1

Introduction ......................................................................................................... 9-1

Customer Account Statement ............................................................................ 9-2

Set Up Collection Letters .................................................................................... 9-7

Lab 9.1 - Set Up a Collection Letter ................................................................. 9-14

Process Collection Letters ................................................................................ 9-17

Lab 9.2 - Collection Letter ................................................................................ 9-21

Set Up Interest Codes ...................................................................................... 9-22

Lab 9.3 - Set Up an Interest Code .................................................................... 9-30

Calculate Interest ............................................................................................. 9-32

Managing Collections and Collection Agents ................................................... 9-36

View and Manage Collections Information ....................................................... 9-44

Lab 9.4 - Manage the Collections Process ....................................................... 9-51

Advanced Collections Management Tasks ...................................................... 9-53

Summary .......................................................................................................... 9-56



Solutions ........................................................................................................... 9-61



Financials II in Microsoft Dynamics® AX 2012

iv

Chapter 10: Financial Workflows 10-1

Objectives ......................................................................................................... 10-1

Introduction ....................................................................................................... 10-1

Workflow Types ................................................................................................ 10-2

Workflow Configurations .................................................................................. 10-4

Workflow Approvals ........................................................................................ 10-12 General Ledger Workflow ............................................................................... 10-12

Accounts Payable Workflow ........................................................................... 10-13

Accounts Receivable Workflow ...................................................................... 10-14

Managing Workflows ...................................................................................... 10-15

Summary ........................................................................................................ 10-17

Test Your Knowledge ..................................................................................... 10-18

Quick Interaction: Lessons Learned ............................................................... 10-19

Solutions ......................................................................................................... 10-20

Chapter 11: Year-End Close 11-1

Objectives ......................................................................................................... 11-1

Introduction ....................................................................................................... 11-1

Create a New Fiscal Year................................................................................. 11-2

Control Transactions in a Closing Period ......................................................... 11-3

Create and Post a Closing Sheet ..................................................................... 11-6

Transfer Opening Balances .............................................................................. 11-9

Lab 11.1 - Year-End Close ............................................................................. 11-13

Summary ........................................................................................................ 11-15



Solutions ......................................................................................................... 11-19

Chapter 12: Financial Statements 12-1

Objectives ......................................................................................................... 12-1

Introduction ....................................................................................................... 12-1

Financial Statement Setup ............................................................................... 12-2

Financial Statement Row Definition ................................................................. 12-3

Financial Statement Column Definition .......................................................... 12-10

Print a Financial Statement ............................................................................ 12-12

Example: Create a Balance Sheet ................................................................. 12-13

Dimension Reports ......................................................................................... 12-15

XBRL Taxonomy ............................................................................................ 12-17

Summary ........................................................................................................ 12-19



Solutions ......................................................................................................... 12-22

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Ax2012 Enus Finii Toc