80302: Fixed Assets in Microsoft Dynamics AX 2012
About this Course
The two-day course, Fixed Assets in Microsoft Dynamics AX 2012 examines and teaches students how to use the Fixed asset functionality in the application. The course focuses on the various setup requirements for Fixed Assets, transactions, and reports and inquiries.
Audience Profile
This course is intended for individuals on the implementation team, administrating or using the Fixed Assets and Financial management modules in Microsoft Dynamics AX 2012. This audience typically includes individuals who are 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 2012 benefit from this course.
At Course Completion
After completing this course, students will be able to:
- Define fixed assets and describe the integration of the Fixed assets module with General ledger, Accounts payable, Accounts receivable, Project accounting, and Inventory management modules.
- Set up the Fixed assets module.
- Set up assets.
- Compare different fixed asset Transaction Types and methods for recording transactions.
- Run inquiries and reports.
Course Outline
Module 1: Introduction
This module provides an overview of fixed assets and its integration with other modules.
Lessons
- Fixed Assets Overview
- Structure
- Integration with Other Modules
After completing this module, students will be able to:
- Define fixed assets.
- Examine required functionality for fixed assets.
- Describe the integration of the Fixed assets module with General ledger, Accounts payable, Accounts receivable, Project accounting, and Inventory management modules.
Module 2: Setup Procedures
This module focuses on the setup procedures that are required for the Fixed assets module.
Lessons
- System Setup for Fixed Assets
- Fixed Assets Module Setup
- Parameters
- Depreciation Methods
- Depreciation Conventions
- Depreciation Books Overview
- Extended Functionality Features - Provision Types and Bonus Depreciation
- Mass Update Depreciation Conventions for a Depreciation Book
Lab : Set Up Main Accounts
Lab : Set Up a Number Sequence
Lab : Set Up a Depreciation Profile
Lab : Set Up Value Models
Lab : Set Up a Fixed Asset Group
Lab : Set Up a Posting Profile
After completing this module, students will be able to:
- Review system setup for Fixed assets.
- Review the basic setup requirements for the Fixed assets module.
- Discuss the Value models, Asset Groups, Disposal and Posting profile components of Fixed assets setup.
- Discuss the setup of Fixed assets parameters.
- Explain how to sue the Capitalization threshold.
- Describe, create, and change Reason codes in Fixed assets.
- Review depreciation methods and conventions.
- Provide an overview for Depreciation books.
- Describe extended functionality setup requirements for Fixed assets.
- Review Mass update depreciation conventions for a depreciation book.
Module 3: Setup of Assets
This module focuses on the setup of assets.
Lessons
- Fixed Assets Form
- Set Up Assets
- Lend Assets
- Assign Bar Codes to Assets
- Asset Budgeting
- Project Module Integration to Fixed Assets
Lab : Set Up a Fixed Asset
After completing this module, students will be able to:
- Describe the fields available in the Fixed assets form.
- Differentiate between financial and non-financial information or assets.
- Set up a fixed asset.
- Show how to lend assets.
- Assign bar codes to assets.
- Complete asset budgeting.
- Associate and manage fixed assets within the Projects form.
- Review the fixed asset details associated with a project or subproject.
Module 4: Asset Transactions
This module focuses on the different fixed asset Transaction Types, and detailed methods for recording those transactions.
Lessons
- Scenario
- Typical Fixed Asset Transaction Types
- Record Acquisitions
- Create and Acquire Fixed Assets from Purchasing
- Record Depreciation
- Record Value Adjustments
- Record Disposals
- Transaction Reversals
- Replacement Cost and Insured Value Update
- Copy Fixed Assets and Change Fixed Asset Groups
- Fixed Asset Additions
Lab : Acquiring an Asset Using the Fixed Assets Journal
Lab : Acquiring an Asset Using the Inventory to Fixed Assets Journal
Lab : Depreciating an Asset Using a Proposal
Lab : Dispose of an Asset Using the Fixed Assets Journal
After completing this module, students will be able to:
- Use asset Transaction Types.
- Use journals to manually enter fixed asset transactions.
- Control fixed asset acquisition transaction creation from purchasing.
- Restrict user group permissions for posting fixed asset acquisition transactions in purchasing.
- Create a fixed asset record directly from purchasing, during posting of a product receipt or vendor invoice.
- Describe when the Fixed asset receipt and Fixed asset issue account types will be used.
- Record depreciation.
- Use proposals to enter fixed asset transactions.
- Discuss value adjustments for fixed assets.
- Discuss fixed asset disposals.
- Describe where fixed asset transaction reversals are performed.
- Perform fixed asset transaction reversals.
- Describe how the replacement cost factor and the insured value factor on the asset group, are used to update an asset's replacement cost and insured value amounts.
- Process updates to an asset's replacement cost and insured value amounts.
- Copy a fixed asset.
- Change a fixed asset group.
- Enter a fixed asset addition.
Module 5: Inquiries and Reports
This module focuses on how to run inquiries and reports in Microsoft Dynamics AX 2012.
Lessons
- Inquiries
- Reports
After completing this module, students will be able to:
- Demonstrate the use of data inquiries available in Fixed assets.
- Demonstrate how to run reports.
Before attending this course, students must have:Completed Introduction to Microsoft Dynamics AX 2012, Financials I in Microsoft Dynamics AX 2012, Financials II in Microsoft Dynamics AX 2012, or equivalent knowledge of Microsoft Dynamics AX 2012 processes.