Course 8632A:

Project Accounting II in Microsoft Dynamics AX 4.0

Length:2 Days
Published:August 24, 2006
Language(s):English, Chinese (Simplified), Danish, Dutch, French, German, Portuguese (Brazil), Russian, Spanish
Audience(s):Information Workers
Level:200
Technology:Microsoft Dynamics AX 4.0
Type:Course
Delivery Method:Instructor-led (classroom)
About this Course
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.
Audience Profile
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.
At Course Completion
After completing this course, students will be able to:
  • Setup and configure any project type in Microsoft Dynamics AX Project.
  • Understand and use all Project related advanced setup options.
  • Understand the differences between the project types.
  • Use Work In Process (WIP) Projects.
Course OutlineModule 1: 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.
Lessons
  • Accruable Line Property
  • Setup Ledger Accounts
  • Project Periods
  • Cost templates
  • Estimate projects
After completing this chapter, students will be able to:
  • Create accruable line properties.
  • Setup applicable ledger posting accounts.
  • Define project periods.
  • Create cost templates.
  • Set up Estimate projects.
Module 2: 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.
Lessons
  • Validation
  • Project Validation Setup
  • Reports
After completing this chapter, students will be able to:
  • Explain Project Validation
  • Set up and Activate Project Journal Validation.
  • Understand and Recognize Different Available Validation Reports.
Module 3: 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.
Lessons
  • Internal Project with WIP
  • Time & Material Project with WIP
After completing this chapter, students will be able to:
  • Work with WIP in internal projects.
  • Work with WIP and accruals in time and material projects.
Module 4: 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.
Lessons
  • Fixed Price Project and Estimate Control
  • The Estimate Control Process
After completing this chapter, students will be able to:
  • Create accruable line properties.
  • Understand the Concept of How Fixed-price Projects are Run using the Estimate Project.
  • Understand the Estimate Control Process.
Module 5: 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.
Lessons
  • Characteristics of Internal Project with WIP
  • Processing an Internal Project with WIP
Lab : Create an Internal Project That Uses WIP
After completing this chapter, students will be able to:
  • Set up ledger posting accounts for an internal project with WIP.
  • Track the financial effects of an internal project with WIP.
Module 6: 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.
Lessons
  • Time and Material Project with WIP
  • Processing T&M projects with WIP
Lab : Create a Time & Material Project That Uses WIP
After completing this chapter, students will be able to:
  • Set up ledger posting accounts for a time and material project with WIP.
  • Track the financial effects of a time and material project with WIP.
Module 7: 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.
Lessons
  • Time and Material Project with Accruals
  • Processing the T&M Project with Accruals
Lab : Create Time & Material Project with Accruals
After completing this chapter, students will be able to:
  • Set up ledger posting accounts for a time and material project with accruals.
  • Track the financial effects of an time and material project with accruals.
Module 8: 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.
Lessons
  • Simple Fixed Price Project No WIP No Match
  • Processing a Simple Fixed Price Project
Lab : Create Fixed Price Project with no WIP and no Match
After completing this chapter, students will be able to:
  • Set up ledger posting accounts for Simple Fixed Price Projects.
  • Track the financial effects of a Simple Fixed Price Project.
Module 9: Fixed Price pProject 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.
Lessons
  • Fixed Price Project with Completed Contract and Sales Value
  • Processing a Fixed Price Project with Completed Contract and Sales Value
Lab : Create Fixed Price Project with Completed Contract and Sales Value
After completing this chapter, students will be able to:
  • Learn About Advanced Fixed Price Projects with Completed Contract and Sales Value.
  • Track the Financial Effects of an Advanced Fixed Price Project Example using the Completed Contract and Sales Value method.
Module 10: Fixed Price Project with Completed Contract and Production + Profit
This chapter describes the accounting principles involved with running advanced fixed-price projects with the completed contract and production and profit principles. You can set up ledger posting accounts and track financial effects when you use this project types.
Lessons
  • Fixed Price Project with Completed Contract and Production + Profit
  • Processing a Fixed Price Project with Completed Contract and Production + Profit
Lab : Create Fixed Price Project with Completed Contract and Production + Profit
After completing this chapter, students will be able to:
  • Learn About Advanced Fixed Price Projects with Completed Contract and Production + Profit.
  • Track Financial Effects on an Advanced Fixed Price Project Example using the Completed Contract and Production + Profit Method.
Module 11: Fixed Price Project with Completed Percentage and Sales Value
This chapter describes the accounting principles involved with running advanced fixed-price projects with the completed percentage and sales value principles. You can set up ledger posting accounts and track financial effects when you use this project type.
Lessons
  • Fixed Price project with Completed percentage and Sales Value
  • Processing a Fixed Price project with Completed percentage and Sales Value
Lab : Create Fixed Price Project with Completed Percentage and Sales Value
After completing this chapter, students will be able to:
  • Learn about a Fixed Price Project with Completed Percentage and Sales Value
  • Track the Financial Effects of an Advanced Fixed Price Project Example using the Completed Percentage and Sales Value Method.
Module 12: Fixed Price Project with Completed Percentage and Production + Profit
This chapter describes the accounting principles involved with running advanced fixed-price projects with the completed percentage and production and profit principles. You can set up ledger posting accounts and track financial effects when you use this project type.
Lessons
  • Fixed Price Project with Completed Percentage and Production + Profit
  • Processing a Fixed Price project with Completed Percentage and Production + Profit
Lab : Create Fixed Price Project with Completed Percentage and Production + Profit
After completing this chapter, students will be able to:
Learn about a Fixed Price Project with Completed Percentage and Sales Value
  • Learn about Fixed Price Projects with Completed Percentage and Production + Profit.
  • Track Financial Effects of an Advanced Fixed Price Project Example Using the Completed Percentage and Production + Profit Value Method.
Module 13: Appendix: Test Your Skills Solutions
This appendix includes the solutions (answers) for the Microsoft Dynamics AX Project II ( Advanced courseware.
Lessons
  • Solutions
After completing this chapter, students will be able to:
  • Answer all the "Test your Skills" labs that appeared at the end of each chapter.
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
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