Microsoft Dynamics AX 2012 Financial Management
Format: PDF / Kindle (mobi) / ePub
An indispensable collection of tips, instructions, and examples, this book will enhance your financial management through the best use of Microsoft Dynamics AX. Covers both basic and advanced concepts.
- Understand the financial management aspects in Microsoft Dynamics AX
- Successfully configure and set up your software
- Learn about real-life business requirements and their solutions
- Get to know the tips and tricks you can utilize during analysis, design, deployment, and operation phases in a project lifecycle
Microsoft Dynamics AX software solutions for financial management give you a way to raise the visibility of financial metrics and increase the effectiveness of your financial management. With AX you can gain an insight into financial performance and plan strategically. You will be able to make informed decisions through the handling of revenue, payments, receipts, and cash flow. You can access real-time information across the organisation; Dynamics AX has easy-to use inquiry tools, plus powerful analysis and reporting capabilities.
Throughout the course of a Microsoft Dynamics AX implementation, you may need advice on how to best utilize the software to meet your specific business needs. Microsoft Dynamics AX Financial Management is a complete solution to all of your implementation queries, and it shows you how to fully utilize Dynamics AX to suit your specific financial management needs.
This book is a practical guide that aims to give you a comprehensive insight into financial management using Microsoft Dynamics AX.
Throughout this book, you will find discussions of the functionality provided by Dynamics AX as well as basic setups, configurations, integration points, and controls. This book covers opening balances migration best practices, closing procedures, and bank reconciliation, which are common topics that arise during the implementation of any project.
You will also learn about cash flow models and transactions, inventory costing models, the DAX costing mechanism, and financial dimension business values to ensure the accuracy of data entry and to monitor company performance through reporting and analysis.
What you will learn from this book
- Examine the business logic behind Microsoft Dynamics AX financial functionality
- Set up and configure the core modules of financial management
- See the impact of control points on daily transactions
- Plan and execute an opening balances migration and use the inventory costing mechanism
- Understand the essential business needs of financial dimensions, reporting, and analysis
This book is a practical, hands-on guide that covers both the basic and advanced concepts of financial management using Microsoft Dynamics AX.
Who this book is written for
Microsoft Dynamics AX Financial Management is for Microsoft Dynamics AX solution architects, application consultants, support engineers, pre-technical sales consultants, and project managers on the partner side, as well as chief financial officers, financial controllers, accounting managers, key users, business analysts, and chief information officers on the customer side. A basic knowledge of financial terms, concepts, and Microsoft Dynamics AX terminologies will help you better understand the concepts covered in this book.
solutions. I enjoy our community activities together. Ahmed Abuelmaged is an Academic Developer Evangelist with Microsoft. He used to manage and schedule the Microsoft Dynamics AX and Microsoft Dynamics Sure Step sessions with Microsoft Student Partners (MSPs). I believe we did a good job, especially when I see students joining that field. Ahmed Kazem is a Development consultant. He is an artistic developer. He can absorb any technology in a very short time. He is the one who develops, maintains,
Financial Dimensions Identify the reporting date of the trial balance by entering the following dates: • From date: In this field, enter the start date of the report date range • To date: In this field, enter the end date of the report date range The date range of trial balance should be within one fiscal year Infolog message in the format "From date is in fiscal year 20XX. To date is in fiscal year 20XX. Dates must be in same fiscal year." For example, "From date is in fiscal year 2010. To
Reporting and Analysis The report can be exported after report generation by the export function as shown in the following screenshot: There are three major preferences for financial reporting that should be familiar to Microsoft Dynamics AX users, which are original transaction, original document, and audit trail. Original transaction The Transaction origin function fetches the transaction entries that are posted to the general ledger and their effect on the subledgers as well. The
dimensions sets 112-117 E ERP reporting needs, planning for 121-123 Executive decisions block 128 F financial dimension about 93-97 creating 102-105 journal entry 98 posting, in transaction documents 99-101 standpoints 95 financial dimensions sets 112-117 financial dimension types system-defined dimension 102 user-defined dimension 102 financial management closing procedure 34-36 daily transactions, performing 30 opening balance 26 financial update 88 From date parameter 116 frontend 126 G
to another year. • Subledger: This consists of data about fixed assets, banks, vendors, customers, and items. Subledgers are linked to the chart of accounts through the posting profile setup. • Validation and reconciliation: This validates that the balance of subledgers (fixed assets, banks, vendors, customers, and items) must represent the balance of general ledger accounts (trial balance) with respect to the financial dimensions balance (business units, department, and purpose), in case it is