Microsoft Dynamics AX Financials II

Code: 8637
Course duration: 2 days

8637:Microsoft Dynamics AX Financials II


This two-day course explores the advanced financial functionality available in Microsoft Dynamics AX. Some of the topics covered include the set up and usage of budgeting, cash flow management, multi-currency, intercompany, and consolidated accounting. Additionally, students learn the multiple advanced payment options available in Microsoft Dynamics AX, XBRL taxonomy, collection letters and interest and year-end close functionality. This course is meant to be an extension of the Financials I - Microsoft Dynamics AX course by adding advanced topics to the base knowledge covered in Financials I.


This course is intended for individuals on the implementation team, administrating or using the financial management modules in Microsoft Dynamics AX. This audience typically includes individuals tasked with assessing a customer's business needs and advising them on the use, configuration and customization of the application. Additionally, individuals responsible for training or supporting Microsoft Dynamics AX benefit from this course.

At Course Completion

After completing this course, students should be able to:
• Understand how to set up and maintain budgets within Microsoft Dynamics AX.
• Understand the cash flow functionality in Microsoft Dynamics AX.
• Setup multicurrency and know how to create multicurrency transactions.
• Understand the steps involved in using the Advanced Payments functionality within Microsoft Dynamics AX.
• Understand how to set Intercompany accounting and create transactions in more than one company.
• Understand the setup and steps involved in consolidating companies.
• Understand the steps necessary to set up and process collection letters.
• Understand how to create and use dimensions hierarchies.
• Understand how to import and use XBRL taxonomy for financials statements.
• Understand the processes available for a year end close within Microsoft Dynamics AX.


Before attending this course, students must have:
• Basic knowledge of accounting principles.
• An understanding on how to navigate within Microsoft Dynamics AX.

In addition, it is recommended, but not required, that students have completed:
• The Microsoft Dynamics AX Financials I – Microsoft course.

Microsoft Certified Professional Exams

No Microsoft Certified Professional exams are associated with this course currently.

Course Materials

The student kit includes a comprehensive workbook and other necessary materials for this class.

Course Outline

Chapter 1: Budgeting

The purpose of this chapter is to introduce students to the budgeting functionality within Microsoft Dynamics AX. Microsoft Dynamics AX uses a budget model/submodel setup and students learn how to set up each of these. Students are also shown how to use period allocation keys, generate and print budgets, copy and modify budgets and how to view budget data.

• Create Budget Models and Submodels
• Create Period Allocation Keys
• Enter Budget Numeric Data
• Generate and Print Budgets
• Additional Budgeting Functionality
• Copy and Modify Budgets
• View Budget Data

• Lab 1.1: Create a Budget Model and Submodel
• Lab 1.2: Create Period Allocation Keys Using the Wizard
• Lab 1.3: Enter and Generate a Budget

After completing this module, students should be able to:
• Create budget models and submodels within Microsoft Dynamics AX.
• Create period allocation keys.
• Generate and print budgets.
• Copy and modify budgets.
• View budget data.

Chapter 2: Cash Flow Management

This chapter focuses on the cash flow functionality in Microsoft Dynamics AX. Every company needs to know how much cash they have available at any given time. Students learn how the modules interrelate to generate cash flow numbers. They also learn the steps involved in setting up cash flow forecasting as well as how to inquire and report on the cash flow transactions.

• Understand the 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
• View On-line Data and Print Cash Flow Reports

• Lab 2.1: Review Accounts Receivable Parameter Setup
• Lab 2.2: Review Customer Posting Profile Setup
• Lab 2.3: Review Customer Groups Setup
• Lab 2.4: Set Up a Ledger Account for Cash Flow Forecasting
• Lab 2.5: Set Up a Dependent Ledger Account
• Lab 2.6: Create a Budget Entry to Include in Cash Flow
• Lab 2.7: Create a Sales Order to Include in Cash Flow
• Lab 2.8: Calculate Cash Flow Transactions

After completing this chapter, students should be able to:
• Identify and understand the relationship of cash flow and other modules.
• Set up cash flow forecasting.
• Define a cash flow forecast budget model.
• Create cash flow transactions.
• Calculate cash flow transactions.
• View on-line data and print cash flow reports.

Chapter 3: Multi-Currency

This chapter focuses on the multi-currency capabilities of Microsoft Dynamics AX. Microsoft Dynamics AX has the ability to work with multiple currencies. Students learn how to set up multi-currency as well as the different options available such as the currency rounding and how to run exchange rate adjustments.

• Exchange Rate Adjustments
• Accounts Receivable and Accounts Payable Exchange Rate Adjustment
• Set Up Currency Rounding

• Lab 3.1: Accounts Receivable Exchange Rate Adjustments
• Lab 3.2: Rounding

After completing this chapter, students should be able to:
• Make exchange rate adjustments.
• Set up currency rounding.

Chapter 4: Advanced Payments

This chapter is dedicated to the processing and setup of advanced customer and vendor payments in Microsoft Dynamics AX. These advanced payments include bridging accounts, electronic vendor and customer payments, prepayments and bills of exchange. Students also learn several of the options available when setting up a method of payment.

• Create and Process a Bridging Account Methods of Payment
• Set Up and Process Electronic Vendor Payments
• Set Up and Process Electronic Customer Payments
• Set Up and Process Prepayments
• Set Up and Process Bills of Exchange
• Set Up and Apply Ledger Accruals

• Lab 4.1: Bridging Accounts
• Lab 4.2: Electronic Vendor Payments
• Lab 4.3: Electronic Customer Payments
• Lab 4.4: Prepayments
• Lab 4.5: Bill of Exchange
• Lab 4.6: Ledger Accrual

After completing this chapter, students should be able to:
• Set up Methods of Payment.
• Set up and process the following advanced payments, including:
• Bridging Accounts
• Vendor and Customer Electronic Payments
• Prepayments
• Bills of Exchange

Guaranteed to Run

2018-03-07 09:00 to 2018-03-09 17:00
Fort Lauderdale, Florida (Virtual Instructor-Led)
2018-02-12 09:00 to 2018-02-16 17:00
Attend Online
2018-02-12 09:00 to 2018-02-16 17:00
Secaucus, New Jersey (Virtual Instructor-Led)
09:00 to 17:00
Newark, New Jersey (Virtual Instructor-Led)
2018-01-29 09:00 to 2018-02-02 17:00
Attend Online
2018-01-25 09:00 to 2018-01-26 17:00
Fort Lauderdale, Florida (Virtual Instructor-Led)

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