Microsoft Dynamics AX 2012 Financial Management


Microsoft Dynamics AX 2012 Financial Management
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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

Book Details

Language : English
Paperback : 168 pages [ 235mm x 191mm ]
Release Date : November 2013
ISBN : 1782177205
ISBN 13 : 9781782177203
Author(s) : Mohamed Aamer
Topics and Technologies : All Books, Enterprise Products and Platforms, Other

Table of Contents

Preface
Chapter 1: Understanding the General Ledger
Chapter 2: Understanding Cash and Bank Management
Chapter 3: Functioning of Cash Flow Management
Chapter 4: Working with Cost Management
Chapter 5: Exploring Financial Dimensions
Chapter 6: Exploring Financial Reporting and Analysis
Index
  • Chapter 1: Understanding the General Ledger
    • Understanding the chart of accounts
      • Classifying main accounts
        • Using transactional accounts
        • Using nontransactional accounts
      • Main account categories
      • Controlling main accounts
        • Debit/credit controls
        • Using account administration
        • Using posting validation
    • Understanding shared financial data
    • Understanding financial management in action
      • Opening balance
        • Opening balance best practices
        • Planning and designing
        • Validation
      • Performing daily transactions
        • The account alias
        • Recurring entries
        • Saving a voucher
      • Closing procedure
    • Summary
    • Chapter 2: Understanding Cash and Bank Management
      • Understanding cash and bank integration
      • Controlling cash and bank management
        • Credit limit
        • Date activation
        • Status activation
        • General ledger reconciliation
        • Transaction currency
      • Exploring cash and bank management in action
        • Bank account reconciliation
      • Summary
      • Chapter 3: Functioning of Cash Flow Management
        • Understanding cash flow integration with other modules
        • Cash flow forecast configuration
          • Accounts payable
          • Accounts receivable
          • Budget
          • General ledger
        • Cash flow transactions
          • Purchase order cash flow forecast
          • Cash flow forecast by currency requirement
          • Main account cash flow forecast
        • Summary
        • Chapter 4: Working with Cost Management
          • Understanding the business costing model
          • Configuring inventory costing
            • Item model group
            • Product dimension groups
            • Storage dimension groups
            • Tracking dimension groups
            • Item groups
          • Exploring the inventory costing background
            • Physical and financial updates
              • Physical update
              • Financial update
          • Understanding inventory recalculation and closing
          • Working with inventory marking
          • Summary
          • Chapter 5: Exploring Financial Dimensions
            • Understanding the financial dimension concept
            • Understanding the ledger account segmentation
              • Segmented ledger accounts
              • Financial dimensions entry
                • Financial dimension's posting mechanism in transaction documents
                • Creating financial dimensions
                • Account structure configuration
            • Posting types in Microsoft Dynamics AX
              • The posting profile concept
              • Journal posting
            • Exploring dimension reporting
              • Financial dimension sets
            • Summary
            • Chapter 6: Exploring Financial Reporting and Analysis
              • Planning reporting needs for ERP
              • Understanding the information technology value chain
                • Infrastructure
                • Database management
                • Business processes
                • Business Intelligence
                • Frontend
              • Understanding Microsoft Dynamics AX information source blocks
                • Detailed transactions block
                • Business Intelligence block
                • Executive decisions block
              • Discovering Microsoft Dynamics AX reporting options
                • Reporting options
                  • Inquiry forms
                  • SSRS reports
                  • Audit trail
                • Reporting currency
                • Autoreports
              • Summary

              Mohamed Aamer

              Mohamed Aamer is a Microsoft Dynamics AX Support Engineer for EMEA region with Microsoft, Egypt. In 2013, he was awarded Microsoft Dynamics AX MVP, and is the first AX MVP in the Middle East and Africa. His main focus is on implementing Microsoft Dynamics AX to fit customers' needs. He uses his time to understand customer business cycles and solve customer business problems through a combination of business process re-engineering and utilization of the application functionalities. He is a Microsoft Certified Professional (MCP) specialized in financial management and supply chain management. In addition to this, he is a Microsoft Certified Trainer (MCT). Mohamed has varied consultation experience in dealing with Microsoft Golden Partners and Microsoft customers. He has worked as a consultant in many industries such as Retail Fashion, Retail Electronics, Cement Manufacturing, Trading, and Ready Mix. He has carried out multiple implementations of Microsoft Dynamics Retail Management System and Microsoft Dynamics AX in numerous capacities, such as Project Manager, Solutions Architect, and Lead Consultant. His consulting skills are complemented by his business, management, and interpersonal skills. He is also a column author of AX-Excellence at MSDynamicsWorld.com community, an official blogger at Microsoft Dynamics Community, and a blogger on his own blog www.blog.mohamedaamer.com. He delivers evangelizing sessions to Microsoft Student Partners (MSPs) to introduce Microsoft Dynamics AX and Microsoft Dynamics Sure Step to them. He has been ranked in the top 100 influential people in DynamicsWorld.co.uk for two consecutive years. He has obtained other badges from Microsoft, such as Microsoft Community Contributor (MCC) and Microsoft Dynamics Community Expert. When not working on complex business processes, he attends live Sufi shows and music concerts.
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              Submit Errata

              Please let us know if you have found any errors not listed on this list by completing our errata submission form. Our editors will check them and add them to this list. Thank you.


              Errata

              - 1 submitted: last submission 14 Jan 2014

              Errata type:Typo

               

              Pg no:88

               

              It is: If your business requires considering the miscellaneous charges in event of product reception, there is InventoryII solution offered by Federation of Small Businesses ( FSB ).

               

              it should be : If your business requires considering the miscellaneous charges in event of product reception, there is InventoryII solution offered by FSB Development company

               

              Sample chapters

              You can view our sample chapters and prefaces of this title on PacktLib or download sample chapters in PDF format.

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              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

              In Detail

              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 2012 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.

              Approach

              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 for

              Microsoft Dynamics AX 2012 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.

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