Microsoft Dynamics AX 2012 Financial Management

Microsoft Dynamics AX 2012 Financial Management

Mohamed Aamer

Language: English

Pages: 168

ISBN: 1782177205

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

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 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.

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Flow Management The Overview tab seen in the following screenshot represents the cash flow requirements per period: The Total currency requirement tab represents the cash flow forecast requirements by company, and the default currency is USD. This gives a clear vision for the projection of cash in and out for a specific period. [ 76 ] Chapter 3 Main account cash flow forecast The Main account, which has a setup for cash flow forecast, can view the cash flow of forecasts that are related to

this main account. Under the General tab, click on View cash flow forecast as you can see in the following screenshot: Summary This chapter covers the basics of cash flow forecast configurations and setups in Microsoft Dynamics AX and the integration points between modules to facilitate cash flow function. We also showed a practical example of a cash flow transaction and inquiries, in addition to a forecast by currency and main account. In the next chapter, we will discuss costing management

inventory significantly affects the company's bottom line and profitability as well. The companies that carry inventory as a raw material for production bear the cost of inventory, which in turn affects the cost of production in addition to the goods in process and the cost of goods sold (COGS) accordingly. The companies that carry inventory as stock for sales bear the inventory cost, which in turn affects the cost of goods sold. Working with Cost Management The main driver of inventory cost

included in the current posting layer • Operations: This column will contain transactions that are included in the current or operations posting layers • Tax: This column will contain transactions that are included in the tax posting layer Posting layer • Operations minus tax: This column will contain the net transactions from the operations posting layer minus the tax posting layer • Only operations: This column will contain transactions that are included in the operations posting layer •

you can see in the following screenshot, you can save a query and add new tables to a data source in advanced filtration by right-clicking on the Tables section. • 1:n: This represents the relation of one-to-many • n:1: This represents the relation of many-to-one [ 130 ] Chapter 6 Under Range, we will be able to add tables that are available in the data source as shown in the following screenshot: As you can see in the following screenshot, the Field column will be used for filtration and

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