Project Advanced in Microsoft Dynamics AX 2012 R2 Training

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Project Advanced in Microsoft Dynamics AX 2012 R2 training course focuses on the advanced functionality of the Project management and accounting module of Microsoft Dynamics AX. The expert trainer will explain how to validate projects and the associated groups. How to create and use forecast models is explained for handling the business needs in an optimum way. Hands-on training loaded with examples will explain how to describe and run advanced time, material, and price parameters of the project.

By the end of the training, you will inculcate the following proficiencies:

  • Set up project validation parameters and category assignments
  • Define forecasting for hours, items, expenses, and on-account payments
  • Work on project invoicing, including funding sources, their limits, associated rules, and the allocations
  • Manage grants and set up fixed-rate agreements
  • Run internal projects with Work in Progress (WIP) and track the financial effects
  • Run a time and material project with WIP and accurals
  • Run the advanced fixed-price project with the completed contract method of revenue recognition
Target audience

The professionals handling the implementation of Microsoft Dynamics, administration of Project management and accounting module, and are working on this module are the ideal candidates for this training.

Prerequisites

Basic understanding of accounting principles is necessary to get the best out of this training.

Exams

At the completion of course 80316B, 80317B, and 80311B, to get the official Microsoft Dynamics certification, you can attempt for the exam MB6-700. On successfully clearing the exam, you can avail the credit of MCP, Microsoft Dynamics Certified Technology Specialist.

Project Advanced in Microsoft Dynamics AX 2012 R2 training course focuses on the advanced functionality of the Project management and accounting module of Microsoft Dynamics AX. The expert trainer will explain how to validate projects and the associated groups. How to create and use forecast models is explained for handling the business needs in an optimum way. Hands-on training loaded with examples will explain how to describe and run advanced time, material, and price parameters of the project.

By the end of the training, you will inculcate the following proficiencies:

  • Set up project validation parameters and category assignments
  • Define forecasting for hours, items, expenses, and on-account payments
  • Work on project invoicing, including funding sources, their limits, associated rules, and the allocations
  • Manage grants and set up fixed-rate agreements
  • Run internal projects with Work in Progress (WIP) and track the financial effects
  • Run a time and material project with WIP and accurals
  • Run the advanced fixed-price project with the completed contract method of revenue recognition
Target audience

The professionals handling the implementation of Microsoft Dynamics, administration of Project management and accounting module, and are working on this module are the ideal candidates for this training.

Prerequisites

Basic understanding of accounting principles is necessary to get the best out of this training.

Exams

At the completion of course 80316B, 80317B, and 80311B, to get the official Microsoft Dynamics certification, you can attempt for the exam MB6-700. On successfully clearing the exam, you can avail the credit of MCP, Microsoft Dynamics Certified Technology Specialist.

Project Advanced in Microsoft Dynamics AX 2012 R2 Training Course Content

Course 80317B: Project Advanced in Microsoft Dynamics AX 2012 R2

1. Project Validation

  • Project Validation Parameters
  • Enable Validation for Workers
  • Validation Groups
  • Enable Project Assignments

2. Project Forecasting

  • Forecast Models
  • Enter Forecasts
  • Forecast Scheduling
  • Forecasting Hours

3. Advanced Project Invoicing

  • Project Invoicing Parameters
  • Funding Sources
  • Funding Limits
  • Funding Rules
  • Fixed-Rate Agreements
  • Grant Management

4. Advanced Internal Project

  • Internal Projects with Work in Progress (WIP)
  • Internal Project with WIP Example
  • Investment Projects
  • Investment Project Example

5. Advanced Time and Material Project

  • Time and Material Project with WIP
  • Example: Time and Material Project with WIP
  • Post Costs Form
  • Time and Material Project with Accruals
  • Example: Time and Material Project with Accruals
  • Reversing Accrued Revenue

6. Advanced Fixed-Price Projects

  • Completed Contract Assessment Principle
  • Completed Percentage Principle
  • The Estimate Process
  • Period Types
  • Cost Templates
  • Estimate Projects
  • Creating Estimates

7. Fixed-Price Project with Completed Contract

  • Fixed-Price Project with Completed Contract Example

8. Fixed-Price Project with Completed Percentage

  • Fixed-Price Project with Completed Percentage and Sales Value
  • Fixed-Price Project with Completed Percentage and Sales Value Example
  • Fixed-Price Project with Completed Percentage and Production Plus (+) Profit
  • Fixed-Price Project with Completed Percentage and Production Plus (+) Profit Example

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