Microsoft Dynamics AX 4.0 Fixed Assets

Code: 8638
Course duration: 2 days
Price:

8638:Microsoft Dynamics AX 4.0 Fixed Assets

Introduction

This two-day instructor-led course provides students with the knowledge and skills to use the Fixed Assets functions in Microsoft Dynamics AX 4.0. The course focuses on the various setup requirements for Fixed Assets, transactions, and reports and inquiries.

Audience

This course is intended for individuals on the implementation team, administrating or using the Fixed Assets and Financial management modules in Microsoft Dynamics AX 4.0. 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 4.0 benefit from this course.

At Course Completion

After completing this course, students will be able to:
• Understand the purpose of Fixed Assets.
• Understand the required functionality for Fixed Assets.
• Describe the integration of Fixed Assets with the General Ledger, Accounts Payable, Accounts Receivable, and Inventory Management modules.
• Complete the system setup for Fixed Assets.
• Complete the basic setup requirements for the Fixed Assets module.
• Explore depreciation methods.
• Understand depreciation conventions.
• Explore country specific setup requirements for Fixed Assets.
• Use depreciation books.
• Mass update depreciation conventions for a depreciation book.
• Use the fields and functionality available in the Fixed Asset table.
• Distinguish between financial and non-financial information for assets.
• Set up a fixed asset.
• Demonstrate the use of inquiries in the Fixed Asset table.
• Use asset lending.
• Assign bar codes to assets.
• Use the features of asset budgeting.
• Use asset transaction types.
• Use journals to manually enter fixed asset transactions.
• Use proposals to enter fixed asset transactions.
• View data inquiries in Fixed Assets.
• Create reports in Fixed Assets.

Prerequisites

Before attending this course, students must have:
• Completed Microsoft Dynamics AX 4.0 Introduction, Microsoft Dynamics AX 4.0 Financials I, Microsoft Dynamics AX 4.0 Financials II, or have equivalent knowledge of Microsoft Dynamics AX processes.

Microsoft Certified Professional Exams

This course will help the student prepare for the following Microsoft Certified Professional exam:
• Exam Dynamics AX 4.0 Financials:

Course Materials

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

Course Outline

Module 1: Introduction to Fixed Assets

This chapter explains the basic Fixed Assets concepts and components. It also describes the integration between Fixed Assets and the General Ledger, Accounts Payable, Accounts Receivable, and Inventory Management modules.

Lessons
• Fixed Assets Overview
• Functionality Required for Fixed Asset Accounting
• Structure and Integration with Other Modules

Labs
• None

After completing this module, students will be able to:
• Understand the purpose of Fixed Assets.
• Understand the required functionality for Fixed Assets.
• Describe the integration of Fixed Assets with the General Ledger, Accounts Payable, Accounts Receivable, and Inventory Management modules.

Module 2: Setup Procedures

This chapter explains how to perform the necessary setup of the system and the Fixed Assets module. It also describes some country specific setup requirements.

Lessons
• System Setup for Fixed Assets
• Fixed Assets Module Setup
• Depreciation Methods
• Depreciation Conventions
• Depreciation Books Overview
• Country Specific Features
• Mass Update Depreciation Conventions for a Depreciation Book

Labs
• Lab 2.1: Set up Journal Names
• Lab 2.2: Set up Ledger Accounts
• Lab 2.3: Set up a Number Sequence
• Lab 2.4: Set up a Depreciation Profile
• Lab 2.5: Set up Value Models
• Lab 2.6: Set up a Fixed Asset Group
• Lab 2.7: Set up a Posting Profile
• Lab 2.8: Review Parameter Setup
• Lab 2.9: Set up Depreciation Books, Conventions, and Bonus Depreciation.

After completing this module, students will be able to:
• Complete the system setup for Fixed Assets.
• Complete the basic setup requirements for the Fixed Assets module.
• Explore depreciation methods.
• Understand depreciation conventions.
• Explore country specific setup requirements for Fixed Assets.
• Use depreciation books.
• Mass update depreciation conventions for a depreciation book.

Module 3: Setup of Assets

This chapter explains how to set up the company's fixed assets in the application. It also covers lending assets, assigning bar codes to assets, and budgeting with assets.

Lessons
• Fixed Asset Form
• Setting up Assets in the Fixed Assets Module
• Inquiries in the Fixed Asset Form
• Bonus Depreciation
• Lending Assets
• Assigning Bar Codes to Assets
• Asset Budgeting

Labs
• Lab 3.1: Set Up a Fixed Asset

After completing this module, students will be able to:
• Use the fields and functionality available in the Fixed Asset table.
• Distinguish between financial and non-financial information for assets.
• Set up a fixed asset.
• Demonstrate the use of inquiries in the Fixed Asset table.
• Use asset lending.
• Assign bar codes to assets.
• Use the features of asset budgeting.

Module 4: Asset Transactions

This chapter explains how to use and record different Fixed Assets transaction types. It covers acquisition, depreciation, value adjustments, and disposal.

Lessons
• Available Transaction Types
• Recording Asset Transactions - Acquisitions
• Recording Asset Transactions - Depreciation
• Recording Asset Transactions - Value Adjustments
• Recording Asset Transactions - Disposals

Labs
• Lab 4.1: Acquiring an Asset Using the Fixed Assets Journal
• Lab 4.2: Acquiring an Asset Using the Inventory to Fixed Assets Journal
• Lab 4.3: Depreciating an Asset using a Proposal
• Lab 4.4: 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.
• Use proposals to enter fixed asset transactions.

Module 5: Inquiries and Reports

This chapter explains how to create and view the inquiries and reports available in the Fixed Assets module.

Lessons
• Inquiries
• Reports

Labs
• None

After completing this module, students will be able to:
• View data inquiries in Fixed Assets.
• Create reports in Fixed Assets.

Guaranteed to Run

2019-08-28 09:00 to 2019-08-30 17:00
Attend Online
2019-08-14 09:00 to 2019-08-16 17:00
Attend Online
2019-08-09
09:00 to 17:00
Fort Lauderdale, Florida (Instructor-Led)
2019-08-07 09:00 to 2019-08-09 17:00
Attend Online
2019-08-02
09:00 to 17:00
Palm Beach County Florida (Instructor-Led)
2019-07-25 09:00 to 2019-07-26 17:00
NYC-23rd Street (Virtual Instructor-Led)
2019-07-25 09:00 to 2019-07-26 17:00
Attend Online
2019-07-24 09:00 to 2019-07-26 17:00
Washington, D.C. (Virtual Instructor-Led)
2019-07-22 09:00 to 2019-07-26 17:00
Attend Online
2019-07-19
09:00 to 17:00
Greenwich, Connecticut (Virtual Instructor-Led)
2019-07-18 09:00 to 2019-07-19 17:00
Secaucus, New Jersey (Instructor-Led)

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