80219+80220+80302: Financials I, II and Fixed Assets in Microsoft Dynamics AX 2012 Accelerated

80219+80220+80302: Financials I, II and Fixed Assets in Microsoft Dynamics AX 2012 Accelerated Course Description

Duration: 5.00 days (50 hours)

NetCom's Microsoft Dynamics AX 2012 Financials and Fixed Assets course explores some of the basic financial functionality available in Microsoft Dynamics AX. Students will be introduced to set up processes in General Ledger, Accounts Payable, Accounts Receivable, and the Bank module, as well as how to enter transactions in each.

The second part of this course explores topics such as the setup and usage of budgeting, cash flow management, multicurrency, intercompany, and consolidated accounting. Additionally, students learn about the multiple advanced payment options, how to produce customer account statements, collection letters, complete year-end close functionality, and produce financial statements.

The third part, Fixed Assets in Microsoft Dynamics AX 2012 examines and teaches students how to use the Fixed asset functionality in the application. The course focuses on the various setup requirements for Fixed Assets, transactions, and reports and inquiries.

The following courses are covered:

  • 80219: Financials I in Microsoft Dynamics AX 2012
  • 80220: Financials II in Microsoft Dynamics AX 2012
  • 80302: Fixed Assets in Microsoft Dynamics AX 2012
  • Next Class Dates

    Mar 19, 2018 – Mar 23, 2018
    8:00 AM – 6:00 PM CT
    519 8th Avenue, 2nd Floor, New York, NY 10018
    New York, NY 10018
    May 14, 2018 – May 18, 2018
    8:00 AM – 6:00 PM PT
    519 8th Avenue, 2nd Floor, New York, NY 10018
    New York, NY 10018
    Jul 16, 2018 – Jul 20, 2018
    8:00 AM – 6:00 PM CT
    519 8th Avenue, 2nd Floor, New York, NY 10018
    New York, NY 10018
    Sep 17, 2018 – Sep 21, 2018
    8:00 AM – 6:00 PM PT
    519 8th Avenue, 2nd Floor, New York, NY 10018
    New York, NY 10018

    View More Schedules »

    Contact us to customize this class with your own dates, times and location. You can also call 1-888-563-8266 or chat live with a Learning Consultant.

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    Intended Audience for this 80219+80220+80302: Financials I, II and Fixed Assets in Microsoft Dynamics AX 2012 Accelerated Course

    • » This course is intended for individuals on the implementation team, administrating or using the Fixed Assets and Financial management modules in Microsoft Dynamics AX 2012. This audience typically includes individuals who are tasked with assessing a customer's business needs and advising them on the use, configuration and customization of the application. Additionally, individuals responsible for training or supporting Microsoft Dynamics AX 2012 benefit from this course.

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    80219+80220+80302: Financials I, II and Fixed Assets in Microsoft Dynamics AX 2012 Accelerated Course Objectives

    • » Set up Basic Budgeting and configure Budget Controls.
    • » Enter Budget Data.
    • » Define an Encumbrance and complete year-end Commitments.
    • » Set up Cash Flow Forecasting and create and calculate Cash Flow transactions.
    • » Set up and run Foreign Currency Revaluation.
    • » Set up and process Advanced Payments.
    • » Set up Intercompany Accounting and post and trace Intercompany transactions.
    • » Set up Consolidation and Subsidiary Companies.
    • » Print Customer Statements, process Collection Letters, set up Interest Codes and calculate Interest.
    • » Define Workflows and create financial module Approvals.
    • » Complete Year-End steps and procedures.
    • » Create and print Financial Statements.
    • » Set up General Ledger.
    • » Set up a Chart of Accounts.
    • » Set up Journals.
    • » Enter General Ledger Transactions.
    • » Set up Sales Tax Components.
    • » Set up Reason Codes and use the Fill Utility.
    • » Set up Bank Accounts and Bank Parameters.
    • » Enter Bank Transactions.
    • » Set up Accounts Payable.
    • » Enter Accounts Payable Transactions.
    • » Set up Accounts Receivable.
    • » Enter Accounts Receivable Transaction.
    • » Define fixed assets and describe the integration of the Fixed assets module with General ledger, Accounts payable, Accounts receivable, Project accounting, and Inventory management modules.
    • » Set up the Fixed assets module.
    • » Set up assets.
    • » Compare different fixed asset Transaction Types and methods for recording transactions.
    • » Run inquiries and reports.

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    80219+80220+80302: Financials I, II and Fixed Assets in Microsoft Dynamics AX 2012 Accelerated Course Outline

        1. General Ledger Setup
          1. Currency and Exchange Rate Setup
          2. Periods and Fiscal Year Setup
          3. Date Intervals
          4. Reason Codes
          5. Financial Dimensions
          6. Financial Dimension Sets
          7. Period Allocations
        2. Chart of Accounts Setup
          1. Main Account Categories
          2. Chart of Accounts
          3. Main Account Information
          4. Main Account Administration Information
          5. Main Account Setup Information
          6. Configuring Account Structures
          7. Advanced Rules
          8. Ledger Setup
          9. Accounts for Automatic Transactions
          10. Inquiries and Reports Related to the Chart of Accounts
        3. Journal Setup
          1. Journal Setup
          2. Journal Controls
          3. Journal Descriptions
          4. Balance Control Accounts
          5. General Ledger Parameters
        4. General Ledger Daily Procedures
          1. General Ledger Journals
          2. Enter General Ledger Transactions
          3. Posting Multiple Journals
          4. Approval Journals
          5. Gathering Data for an Approval Journal
          6. Voucher Templates
          7. Periodic Journals
          8. General Ledger Transaction Reversal
          9. Reversing Entries - General Journal
          10. Inquire and View Reports on Daily Journal Transactions
        5. Sales Tax Setup
          1. Sales Tax Overview
          2. Ledger Posting Groups
          3. Sales Tax Authorities
          4. Sales Tax Settlement Periods
          5. Sales Tax Codes
          6. Sales Tax Code Intervals
          7. Sales Tax Groups
          8. Item Sales Tax Groups
          9. Sales Tax Jurisdictions
          10. Sales Tax Transactions
          11. Sales Tax Exemption
          12. Withholding Sales Tax
        6. Financial Features
          1. Financial Reason Codes
          2. Fill Utility
        7. Cash and Bank Management Setup
          1. Bank Transaction Types
          2. Bank Transaction Groups
          3. Cash and Bank Management Parameters
          4. Payment Purpose Codes
          5. Bank Groups
          6. Bank Accounts
          7. Check Layout
        8. Cash and Bank Management Daily Procedures
          1. Create Checks
          2. Delete a Check
          3. Deposit Slips
          4. Void Unposted Checks
          5. Refund Checks
          6. Bank Remittance
          7. Payment Reversal
          8. Reconcile a Bank Account
        9. Accounts Payable Setup
          1. Payment Schedule
          2. Terms of Payment
          3. Payment Days
          4. Cash Discounts
          5. Payment Fee
          6. Methods of Payment
          7. Vendor Groups
          8. Accounts Payable Posting Profiles
          9. Accounts Payable Vendors
        10. Accounts Payable Daily Procedures
          1. Invoice Journals in Accounts Payable
          2. Invoice Register
          3. Invoice Approval Journal
          4. Vendor Invoice Pool Excluding Posting Details
          5. Invoice Journal
          6. Voucher Template
          7. Payment Journals
          8. Prepayments
          9. Invoice Matching
          10. Charges to Purchase Order Invoices
          11. Edit Open Transactions
          12. Reverse a Closed Transaction
          13. Print Management
        11. Accounts Receivable Setup
          1. Payment Schedule
          2. Terms of Payment
          3. Payment Days
          4. Cash Discounts
          5. Payment Fee
          6. Methods of Payment
          7. Customer Groups
          8. Accounts Receivable Posting Profiles
          9. Accounts Receivable Customers
        12. Accounts Receivable Daily Procedures
          1. Free Text Invoice - Description and Usage
          2. Payment Journals
          3. Edit Open Transactions
          4. Placing an Accounts Receivable Transaction on Hold
          5. Reverse Settlements
          6. Reimburse a Customer
          7. Reason Codes
          8. Print Management
        13. Budgeting
          1. Budgeting Overview
          2. Basic Budgeting Setup
          3. Budget Control
          4. Configuring Budget Control
        14. Use and Manage Budgets
          1. Budget Amounts
          2. Using Budget Control
            1. Budget Reporting and Inquiries
          3. Budget Transaction Web Services
          4. Integrated Budgeting
          5. Transfer Budgets To and From General Ledger
        15. Commitment Accounting
          1. Defining Purchase Order Encumbrances
          2. Setting Up Encumbrances
          3. Purchase Order Encumbrance Transactions
          4. Encumbrance Year-End Process
        16. Cash Flow Management
          1. Relationship of Cash Flow to Other Modules
          2. Set Up Cash Flow Forecasting
          3. Define a Cash Flow Forecast Budget Model
          4. Create Cash Flow Transactions
          5. Calculate Cash Flow Transactions
        17. Multicurrency
          1. Setup
          2. Foreign Currency Revaluation
          3. Accounts Receivable and Accounts Payable Exchange Rate Adjustments
        18. Advanced Payments
          1. Bridging Accounts
          2. Electronic Vendor Payments
          3. Electronic Customer Payments
          4. Centralized Payments
          5. Prepayments (Deposits)
          6. Bill of Exchange Administration
          7. Ledger Accrual
        19. Intercompany Accounting
          1. Post Intercompany Transactions
          2. Intercompany Posting Setup
          3. Post an Intercompany Transaction
          4. Trace an Intercompany Entry
        20. Consolidations
          1. Set Up a Consolidation Company
          2. Set Up a Subsidiary Company
          3. Perform a Consolidation
          4. Consolidations Inquiry
          5. View and Delete Consolidation Transactions
          6. Intercompany Eliminations
        21. Collections Management
          1. Customer Account Statement
          2. Set Up Collection Letters
          3. Process Collection Letters
          4. Set Up Interest Codes
          5. Calculate Interest
          6. Managing Collections and Collection Agents
          7. View and Manage Collections Information
          8. Advanced Collections Management Tasks
        22. Financial Workflows
          1. Workflow Types
          2. Workflow Configurations
          3. Workflow Approvals
          4. General Ledger Workflow
          5. Accounts Payable Workflow
          6. Accounts Receivable Workflow
          7. Managing Workflows
        23. Year-End Close
          1. Create a New Fiscal Year
          2. Control Transactions in a Closing Period
          3. Create and Post a Closing Sheet
          4. Transfer Opening Balances
        24. Financial Statements
          1. Financial Statement Setup
          2. Financial Statement Row Definition
          3. Financial Statement Column Definition
          4. Print a Financial Statement
          5. Create a Balance Sheet
          6. Dimension Reports
          7. XBRL Taxonomy
        25. Introduction
          1. Fixed Assets Overview
          2. Structure
          3. Integration with Other Modules
        26. Setup Procedures
          1. System Setup for Fixed Assets
          2. Fixed Assets Module Setup
          3. Parameters
          4. Depreciation Methods
          5. Depreciation Conventions
          6. Depreciation Books Overview
          7. Extended Functionality Features - Provision Types and Bonus Depreciation
          8. Mass Update Depreciation Conventions for a Depreciation Book
        27. Setup of Assets
          1. Fixed Assets Form
          2. Set Up Assets
          3. Lend Assets
          4. Assign Bar Codes to Assets
          5. Asset Budgeting
          6. Project Module Integration to Fixed Assets
        28. Asset Transactions
          1. Scenario
          2. Typical Fixed Asset Transaction Types
          3. Record Acquisitions
          4. Create and Acquire Fixed Assets from Purchasing
          5. Record Depreciation
          6. Record Value Adjustments
          7. Record Disposals
          8. Transaction Reversals
          9. Replacement Cost and Insured Value Update
          10. Copy Fixed Assets and Change Fixed Asset Groups
          11. Fixed Asset Additions
        29. Inquiries and Reports
          1. Inquiries
          2. Reports

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    Do you have the right background for 80219+80220+80302: Financials I, II and Fixed Assets in Microsoft Dynamics AX 2012 Accelerated?

    Skills Assessment

    We ensure your success by asking all students to take a FREE Skill Assessment test. These short, instructor-written tests are an objective measure of your current skills that help us determine whether or not you will be able to meet your goals by attending this course at your current skill level. If we determine that you need additional preparation or training in order to gain the most value from this course, we will recommend cost-effective solutions that you can use to get ready for the course.

    Our required skill-assessments ensure that:

    1. All students in the class are at a comparable skill level, so the class can run smoothly without beginners slowing down the class for everyone else.
    2. NetCom students enjoy one of the industry's highest success rates, and pass rates when a certification exam is involved.
    3. We stay committed to providing you real value. Again, your success is paramount; we will register you only if you have the skills to succeed.
    This assessment is for your benefit and best taken without any preparation or reference materials, so your skills can be objectively measured.

    Take your FREE Skill Assessment test »

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    Award winning, world-class Instructors

    Ramesh P.
    Ramesh holds a Masters Degree in Computer Science with specialization in Information Security and is pursuing his Doctoral degree in IT from the University of South Australia (UniSA). He is a one of a kind trainer - he has been working in the IT field since 1995 and is an expert in C#, VB.NET, ASP.NET, Java/J2EE, PL/SQL, VB, ASP, and XML technologies. Ramesh also has extensive experience developing and implementing BizTalk and SharePoint in large corporations, as well as more than 10 years experience working with Oracle and SQL server/Sybase databases. With more than 19 certifications, Ramesh is an IT guru and trainer with worldwide experience, which includes presentations and trainings across US, Asia, and Middle East. He is a full time instructor at NetCom Learning and we couldn't be happier in having him as one of our Subject Matter Experts.
    Charles W.
    - Expert in Microsoft Office applications such as Excel, Word, PowerPoint, Outlook, Project, Visio, and Access as well as Adobe Graphic and Web Designer (InDesign, Acrobat, Photoshop, Illustrator, Dreamweaver and Flash Catalyst)
    - Holds an A.A.S in Graphic Design as well as various Awards and Affiliations, including MCT, MCP, MCAS, and Office 2007 Master.
    - Senior Lead Trainer for over 10 years.


    Charles is a Technical Trainer & Instructional Designer for over 10 years. He is a Microsoft Certified Trainer and dedicates himself to Microsoft Office applications such as Excel, Word, PowerPoint, Outlook, Project, Visio, and Access. He is also an Adobe specialist and holds a degree in Graphic Design.

    Charles is well known for his high evaluation scores, achieving 8.75 out of 9 on a regular basis, teaching in one-on-one, instructor-led, and web-based environments; one of the reasons for his high evaluation is his expertise in increasing personnel performance by developing and implementing programs constructed from the job task analysis process. Charles currently teaches Adobe Graphic and Web Designer, and Microsoft Office Specialist courses at NetCom Learning.
    David H.
    David is a hands-on, dynamic and experienced financial systems consultant with successful work history of implementing large scale ERP systems, managing and directly responsible for data migration, financial report validation and customization, end-user training, process documentation and automation. David has been a trainer for more 21 years.
    Ginger M.
    - Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University.
    - Over 9 years of experience as a Master Certified Trainer. Expert in MS Dynamics GP Financials, Installation, HR/Payroll, Project Accounting, Inventory and Integration Manager.
    - Project Manager to various MS Dynamics Great Plains implementations.


    Ginger holds a Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University. Her career started as an Auditor for Deloitte & Touch and over the years she developed her passion for Microsoft Dynamics, implementing Dynamics GP and Project Cost in the Professional Services, Commercial Real Estate and Medical Facilities vertical markets.

    Ginger's experience with Microsoft Dynamics is unparalleled. As a Certified Master Dynamics trainer, she stays abreast of the latest Dynamics modules and shares experience with a very hands-on training technique at NetCom Learning.
    Lynn D.
    - Over 25 years of experience working as Senior Financial Analyst and Senior Auditor.
    - Professor of Graduate Management and Business School at the University of Phoenix since 2007.
    - Microsoft Certifications in Financials, Trade & Logistics, Production and Human Resources Management as well as Microsoft Certified Trainer (MCT) since 2009.


    Lynn is a very accomplished Senior Financial Analyst and Senior Auditor with over 25 years of experience. She has been a Microsoft Certified Trainer since 2009 and a Professor of Graduate Management and Business School at University of Phoenix since 2007. In addition to several other Microsoft certifications, she is also a specialist in Microsoft Dynamics AX.

    Lynn has taught several Microsoft Dynamics AX courses at NetCom Learning and is described by her students as very knowledgeable, qualified, and patient with her approach. Her classes are very dynamic and energetic, just as the course per se.
    Ronald C.
    - Founder and Managing Partner of Guided Technology Inc. which provides Microsoft consulting expertise and educational services for corporate and government.
    - At Guided Technology, Ron was responsible for creating a strategic roadmap for First Data Corporation.
    - At New York City Department of Finance, as Senior Manager & Design Architect, Ron designed and implemented IBM Servers collecting $15 billion in tax revenue.

    Ron has always enjoyed teaching and instructing others, whether in the installation process of software and hardware upgrades, or as working as the Head of Training for Valinor, a Microsoft Consulting Partner, where Ron managed the company's training centers and worked as a Senior Instructor (MCT).

    In addition to working in the management level of the business and software consulting market for over 18 years, Ron also worked as a Surface Warfare Officer and Weapons Officer in the United States Navy, serving two tours of duty. He served aboard the USS Tuscaloosa from 1984 -1987, and participated in two Western Pacific Deployments.

    Ron loves basketball and played on Trinity College's varsity basketball team for all four years of college.

    Satish R.

    See more...   See more instructors...

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    Recent Client Testimonials & Reviews

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