Financials I

Topic 1: Overview of AX 2012

Explain the concepts of AX2012, AX2009 in general.

Explain the concepts of financial aspects in Microsoft Dynamics AX 2012


Topic 2: Differences between AX2009 vs. 2012


Topic 3: General Ledger Setup

Set up Currencies and Exchange Rates.

Create Periods in a new Fiscal Year.

Create Date Intervals.

Create, modify and delete Reason Codes.

Create a Financial Dimension value.

Create a Dimension Set.

Set up Allocation Rules.

Contrast the various Allocation Methods.


Topic 4: Chart of Accounts Setup

Create, edit, close or delete Main Account Categories.

Create a new account in the Chart of Accounts.

Define Main Account information.

Define Administration information for the main Chart of Accounts.

Define setup information for the main Chart of Accounts.

Set up Account Structures.

Set up Advanced Rules.

Create a Ledger.

Set up Accounts for automatic transactions.

View Inquiries and Reports related to the Chart of Accounts.


Topic 5: Journal Setup

Set up Journal Names

Set up Journal Controls

Create Journal Texts

Set up Balance Control Accounts

Set up General Ledger Parameters


Topic 6: General Ledger Daily Procedures

Create General Ledger Journals.

Enter General Ledger Transactions.

Post Multiple Journals.

Create Approval Journals.

Demonstrate data needed to create an Approved Journal

Create a Voucher Template

Create and retrieve Periodic Journals.

General Ledger Transaction Reversal.

Create General Ledger Reversing Entries.

Inquire and report on Daily Journal Transactions.


Topic 7: Sales Tax Setup

Create Ledger Posting Groups.

Create Sales Tax Authorities.

Create Sales Tax Settlement Periods.

Create Sales Tax Codes.

Create Sales Tax Intervals.

Create Sales Tax Groups.

Create Item Sales Tax Groups.

Set up Sales Tax Jurisdictions.

Create Sales Tax Transactions.

Create Sales Tax Exempt Data.

Calculate and Post Withholding Sales Tax.


Topic 8: Financial Features

Create Financial Reason Codes.

Modify Financial Reason Codes.

Delete Financial Reason Codes.

Identify how and when to use the Fill Utility.


Topic 9: Cash and Bank Management Setup

Set up Cash Bank Transaction Types.

Set up Bank Transaction Groups.

Set up Bank Parameters.

Set up Payment Purpose Codes.

Set up Bank Groups.

Create a Bank Account.

Define the Check Layout for a Bank Account.


Topic 10: Cash and Bank Management Daily Procedures Create Checks

Delete Checks.

Create a Bank Deposit Entry.

Void Checks.

Create a Refund that Prints a Check.

Use Bank Remittances.

Reverse a Posted Check Payment.

Reconcile Bank Statements.


Topic 11: Accounts Payable Setup

Create a Payment Schedule.

Create Terms of Payment.

Create a Payment Day.

Set up a Cash Discount.

Create a Payment Fee.

Create a Method of Payment.

Set up Vendor Groups.

Set up Posting Profiles.

Create a new Vendor.


Topic 12: Accounts Payable Daily Procedures

Explain the different Invoice Journals that are available.

Register and Approve an Invoice Journal.

Create an Invoice Journal.

Use a Voucher Template to create Vouchers.

Create a Payment Proposal.

Run a Payment Proposal for a Marked Settlement.

Create a Payment Journal.

Generate a Payment.

Set up a Prepayment.

Post a Prepayment.

Describe Invoice Matching.

Add Charges to a Purchase Order Invoice.

Edit Open Transactions.

Reverse a Closed Transaction.

Define Print Management Settings.


Topic 13: Accounts Receivable Setup

Create a Payment Schedule.

Create Terms of Payment.

Create a Payment Day.

Set up a Cash Discount.

Create a Payment Fee.

Create a Method of Payment.

Set up Customer Groups.

Set up Posting Profiles.

Create a new Customer.


Topic 14: Accounts Receivable Daily Procedures

Create a Free Text Invoice.

Edit an Open Text Invoice.

Create a Payment Proposal.

Mark Customer Transactions for Settlement.

Create a Payment Journal.

Edit Open Transactions.

Place an Accounts Receivable Transaction on Hold.

Reverse a Settlement.

Reimburse a Customer.

Describe Reason Codes in Accounts Receivable.

Define Print Management Settings.

Examine Print Management Setup.