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Microsoft Dynamics AX 2012 Financial Management

Progressing
Mohamed Aamer

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.
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Book Details

ISBN 139781782177203
Paperback168 pages

About This Book

Understand the financial management aspects in Microsoft Dynamics AX Successfully configure and set up your softwareLearn 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

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.

Table of Contents

Chapter 1: Understanding the General Ledger
Understanding the chart of accounts
Understanding shared financial data
Understanding financial management in action
Summary
Chapter 2: Understanding Cash and Bank Management
Understanding cash and bank integration
Controlling cash and bank management
Exploring cash and bank management in action
Summary
Chapter 3: Functioning of Cash Flow Management
Understanding cash flow integration with other modules
Cash flow forecast configuration
Cash flow transactions
Summary
Chapter 4: Working with Cost Management
Understanding the business costing model
Configuring inventory costing
Exploring the inventory costing background
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
Posting types in Microsoft Dynamics AX
Exploring dimension reporting
Summary
Chapter 6: Exploring Financial Reporting and Analysis
Planning reporting needs for ERP
Understanding the information technology value chain
Understanding Microsoft Dynamics AX information source blocks
Discovering Microsoft Dynamics AX reporting options
Summary

What You Will Learn

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.

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