Course 8638A:

Fixed Assets in Microsoft Dynamics AX 4.0

Length:2 Days
Published:September 21, 2006
Language(s):English, Chinese (Simplified), Danish, Dutch, French, German, Italian, Japanese, 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
This two-day instructor-led course provides students with the knowledge and skills to use the Fixed Assets functions in Microsoft Dynamics AX 4.0. The course focuses on the various setup requirements for Fixed Assets, transactions, and reports and inquiries.
Audience Profile
This course is intended for individuals on the implementation team, administrating or using the Fixed Assets and Financial management modules in Microsoft Dynamics AX 4.0. 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 4.0 benefit from this course.
At Course Completion
After completing this course, students will be able to:
  • Understand the purpose of Fixed Assets.
  • Understand the required functionality for Fixed Assets.
  • Describe the integration of Fixed Assets with the General Ledger, Accounts Payable, Accounts Receivable, and Inventory Management modules.
  • Complete the system setup for Fixed Assets.
  • Complete the basic setup requirements for the Fixed Assets module.
  • Explore depreciation methods.
  • Understand depreciation conventions.
  • Explore country specific setup requirements for Fixed Assets.
  • Use depreciation books.
  • Mass update depreciation conventions for a depreciation book.
  • Use the fields and functionality available in the Fixed Asset table.
  • Distinguish between financial and non-financial information for assets.
  • Set up a fixed asset.
  • Demonstrate the use of inquiries in the Fixed Asset table.
  • Use asset lending.
  • Assign bar codes to assets.
  • Use the features of asset budgeting.
  • Use asset transaction types.
  • Use journals to manually enter fixed asset transactions.
  • Use proposals to enter fixed asset transactions.
  • View data inquiries in Fixed Assets.
  • Create reports in Fixed Assets.
Course OutlineModule 1: Introduction to Fixed Assets
This chapter explains the basic Fixed Assets concepts and components. It also describes the integration between Fixed Assets and the General Ledger, Accounts Payable, Accounts Receivable, and Inventory Management modules.
Lessons
  • Fixed Assets Overview
  • Functionality Required for Fixed Asset Accounting
  • Structure and Integration with Other Modules
After completing this module, students will be able to:
  • Understand the purpose of Fixed Assets.
  • Understand the required functionality for Fixed Assets.
  • Describe the integration of Fixed Assets with the General Ledger, Accounts Payable, Accounts Receivable, and Inventory Management modules.
Module 2: Setup Procedures
This chapter explains how to perform the necessary setup of the system and the Fixed Assets module. It also describes some country specific setup requirements.
Lessons
  • System Setup for Fixed Assets
  • Fixed Assets Module Setup
  • Depreciation Methods
  • Depreciation Conventions
  • Depreciation Books Overview
  • Country Specific Features
  • Mass Update Depreciation Conventions for a Depreciation Book
After completing this module, students will be able to:
  • Complete the system setup for Fixed Assets.
  • Complete the basic setup requirements for the Fixed Assets module.
  • Explore depreciation methods.
  • Understand depreciation conventions.
  • Explore country specific setup requirements for Fixed Assets.
  • Use depreciation books.
  • Mass update depreciation conventions for a depreciation book.
Module 3: Setup of Assets
This chapter explains how to set up the company's fixed assets in the application. It also covers lending assets, assigning bar codes to assets, and budgeting with assets.
Lessons
  • Fixed Asset Form
  • Setting up Assets in the Fixed Assets Module
  • Inquiries in the Fixed Asset Form
  • Bonus Depreciation
  • Lending Assets
  • Assigning Bar Codes to Assets
  • Asset Budgeting
Lab : Lab 3.1: Set Up a Fixed Asset
After completing this module, students will be able to:
  • Use the fields and functionality available in the Fixed Asset table.
  • Distinguish between financial and non-financial information for assets.
  • Set up a fixed asset.
  • Demonstrate the use of inquiries in the Fixed Asset table.
  • Use asset lending.
  • Assign bar codes to assets.
  • Use the features of asset budgeting.
Module 4: Asset Transactions
This chapter explains how to use and record different Fixed Assets transaction types. It covers acquisition, depreciation, value adjustments, and disposal.
Lessons
  • Available Transaction Types
  • Recording Asset Transactions - Acquisitions
  • Recording Asset Transactions - Depreciation
  • Recording Asset Transactions - Value Adjustments
  • Recording Asset Transactions - Disposals
After completing this module, students will be able to:
  • Use asset transaction types.
  • Use journals to manually enter fixed asset transactions.
  • Use proposals to enter fixed asset transactions.
Module 5: Inquiries and Reports
This chapter explains how to create and view the inquiries and reports available in the Fixed Assets module.
Lessons
  • Inquiries
  • Reports
After completing this module, students will be able to:
  • View data inquiries in Fixed Assets.
  • Create reports in Fixed Assets..
Before attending this course, students must have:
  • Completed Microsoft Dynamics AX 4.0 Introduction, Microsoft Dynamics AX 4.0 Financials I, Microsoft Dynamics AX 4.0 Financials II, or have equivalent knowledge of Microsoft Dynamics AX processes.
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