Financials II in Microsoft Dynamics AX 2012 Training

Financials II in Microsoft Dynamics AX 2012 training focuses on the topics such as cash flow management, setup and usage of budgeting, intercompany, multicurrency, and consolidated accounting. This training program is an extension of Financials I courses. Under the mentorship of an industry expert, the aspirants will be exposed to the issues like how to produce customer account statements, define and work on advanced payment options, define and perform year-end close commitments, and generate different types of financial statements.

By the end of this training, you will hold the following capabilities:

• Setup, specify attributes, and configure basic budgeting and its controls
• Define, create, and analyze Encumbrance transaction
• Define year-end commitments and perform procedures to execute it
• Work on Cash Flow Forecasting and maintain its related transactions
• Define process for foreign currency revaluation and its entries in different accounts books
• Define process for advanced customer and vendor payments
• Set up Intercompany accounting and work accordingly
• Manage customers details, process collection
• Setup, configure, and activate Workflow configuration

Target audience

The end users, customers, and the partners, interested in the financial modules of Microsoft Dynamics AX are the ideal candidates for this training.

Prerequisites

Following is the prerequisite for this training:

• Basic knowledge of accounting
• Attended course  80219A: Financials I in Microsoft Dynamics AX 2012

Exams

After being trained in the above skills, to get the official Microsoft Dynamics AX 2012 Financials certification, you can attempt for the exam MB6 – 702. For writing this exam, you must have to learn the other courses also namely, Financials I in Microsoft Dynamics AX 2012 and Fixed Assets in Microsoft Dynamics AX 2012.

1. Budgeting

• Basic Budgeting Setup
• Budget Control
• Budgeting Overview
• Configuring Budget Control

2. Use and Manage Budgets

• Budget Amounts
• Using Budget Control
• Budget Reporting and Inquiries
• Budget Transaction Web Services
• Integrated Budgeting
• Transfer Budgets To and From General Ledger

3. Commitment Accounting

• Defining Purchase Order Encumbrances
• Setting Up Encumbrances
• Purchase Order Encumbrance Transactions
• Encumbrance Year-End Process

4. Cash Flow Management

• 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

5. Multicurrency

• Setup
• Foreign Currency Revaluation
• Accounts Receivable and Accounts Payable Exchange Rate Adjustments

6. Advanced Payments

• Bridging Accounts
• Electronic Vendor Payments
• Electronic Customer Payments
• Centralized Payments
• Prepayments (Deposits)
• Bill of Exchange Administration
• Ledger Accrual

7. Intercompany Accounting

• Post Intercompany Transactions
• Intercompany Posting Setup
• Post an Intercompany Transaction
• Trace an Intercompany Entry

8. Consolidations

• Set Up a Consolidation Company
• Set Up a Subsidiary Company
• Perform a Consolidation
• Consolidations Inquiry
• View and Delete Consolidation Transactions
• Intercompany Eliminations

9. Collections Management

• Customer Account Statement
• Set Up Collection Letters
• Process Collection Letters
• Set Up Interest Codes
• Calculate Interest
• Managing Collections and Collection Agents
• View and Manage Collections Information
• Advanced Collections Management Tasks

10. Financial Workflows

• Workflow Types
• Workflow Configurations
• Workflow Approvals
• General Ledger Workflow
• Accounts Payable Workflow
• Accounts Receivable Workflow
• Managing Workflows

11. Year-End Close

• Create a New Fiscal Year
• Control Transactions in a Closing Period
• Create and Post a Closing Sheet
• Transfer Opening Balances

12. Financial Statements

• Financial Statement Setup
• Financial Statement Row Definition
• Financial Statement Column Definition
• Print a Financial Statement
• Create a Balance Sheet
• Dimension Reports
• XBRL Taxonomy