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Training Course Outline

IT Vendor Courses   Microsoft Dynamics Training Courses

M8632: Project Accounting II in Microsoft Dynamics AX 4.0

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Course Duration: 2 days

Course Code: M8632

Course Description:

The two-day Project Accounting II course will help provide you with in-depth knowledge of the projects module. The course comprehensively explores all the project types; which includes principles of the project type, examples of use and how to process them. The course covers topics including setup, configuration, and transaction processing.

 

In Project Accounting I, you learned the essentials to start using Microsoft Dynamics AX Project. In this course you will greatly expand your knowledge of the software. You may already know how to set up Project, now you will understand setup reasoning and concepts to help make sure Microsoft Dynamics AX Project meets your business needs.

 

This course is for people who want to learn the more advanced features and enhance their Microsoft Dynamics AX Project user and implementation skills.

 

Project II training is recommended for anyone who plans to implement, use, maintain, or support Microsoft Dynamics AX Project. The class is targeted toward implementers and accountants who must understand the advanced technical and business aspects of Project and also gain foundational knowledge of the application functionality.

Prerequisites:

Before attending this course, students must have:

- General knowledge of Microsoft Windows
- Basic knowledge of project accounting principles
- Basic user and conceptual understanding of Microsoft Dynamics AX Project
- Attended Course M8630: Microsoft Dynamics AX 4.0 Project Accounting I

Prerequisite courses:

M8630: Project Accounting I in Microsoft Dynamics AX 4.0

Relevant Certifications:

Microsoft Certified Business Management Solutions Specialist: For Dynamics AX

Microsoft Certified Business Management Solutions Professional: For Dynamics AX

This course includes the following modules:

Setup

• This chapter focuses on project setup procedures. In this chapter we will configure an accruable line property, Estimate project, and set up ledger accounts. We will also discuss how to define project periods. We will discuss ledger posting accounts and create cost templates. You will also learn how to set up and use Estimate projects and accruable line properties.

Advanced Setup Options

• In this chapter we will set up and activate project journal validation. You will learn how project validation can be used to control the recording of project expenditures. You will have the chance to set up detailed restrictions used to control project expenses.

Project Control for Internal and Time & Material Projects

• This chapter introduces you to advanced internal and time and material projects. Specifically we will cover the use of Work In Process (WIP) and how to accrue costs and revenues.

Fixed Price Project Estimate Control

• This chapter focuses on the concepts and routines behind estimating fixed-price projects. The usage of Fixed Price Project Estimate Control is an important key to successful project accounting and, in turn, a successful project.

Internal Cost Project with WIP

• This chapter describes the accounting principles involved with running an internal project with work in process (WIP) in Microsoft Dynamics AX Project module.

Time and Material Project with WIP

• This chapter describes the accounting principles involved with running time and material projects with work in process (WIP) in Microsoft Dynamics AX Project module. You can set up ledger posting accounts and track financial effects when you use this project type.

Time and Material Project with Accruals

• This lesson describes the accounting principles involved with running time and material projects with accruals in Microsoft Dynamics AX Project. You can set up ledger posting accounts and track financial effects when you use this project type.

Fixed Price Project No WIP No Match

• This chapter of the Project II manual describes the accounting principles involved with running simple fixed-price projects without WIP and matching in Microsoft Dynamics AX Project. You can set up ledger posting accounts and track financial effects when you use this project type.

Fixed Price Project with Completed Contract and Sales Value

• This chapter describes the accounting principles involved with running advanced fixed-price project with the completed contract and sales value principles. You can set up ledger posting accounts and track financial effects when you use this project type.

 

Location	Duration	RRP	May	Jun	Jul	Aug	Sep	Oct
Click on course date to make a booking, check availability, or find out about available discounts.
London (Mid)	2 days	£650		12 - 13			4 - 5

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