Course 80256A:

Fixed Assets in Microsoft Dynamics NAV 2009

Length:1 Days
Published:July 01, 2010
Audience(s):Information Workers
Technology:Microsoft Dynamics NAV 2009
Delivery Method:Instructor-led (classroom)
About this Course
This one-day instructor-led course provides students with the knowledge and skills to set up all aspects the Fixed Assets granules available for Microsoft Dynamics NAV2009. This course demonstrates how to set up Fixed Assets, how to perform a wide variety of Fixed Asset transactions, as well as how to handle reclassification, maintenance, and insurance where Fixed Assets are concerned.

A thorough understanding of these topics allows you to streamline your Fixed Asset depreciation and reporting processes by learning how to automate these routine activities. This course shows you how to accelerate data entry by copying Fixed Assets, it teaches you how to define default values that automatically populate data fields, and it shows you how to gather the information needed to make better business decisions by exploring powerful inquiry and reporting options.
Audience Profile
This course is intended for partners wanting to learn how to set up Fixed Assets in Microsoft Dynamics NAV2009 for their customers.
The class is targeted toward sales people, consultants, and implementers who need to understand the technical aspects of Microsoft Dynamics NAV2009 Fixed Assets and gain foundational knowledge of the application functionality.
At Course Completion
After completing this course, students should be able to:
  • Set up Fixed Assets
  • Perform a variety of Fixed Asset transactions
  • Reclassify Fixed Assets
  • Handle maintenance of their Fixed Assets
  • Handle insurance on their Fixed Assets
Course OutlineModule 1: Setting up Fixed Assets
This module explains how to set up Fixed Assets in Microsoft Dynamics NAV2009. You examine the basics of the Fixed Assets granules that are available and how to do the basic setup.
  • Fixed Assets Setup
  • Fixed Assets Posting Groups
  • Depreciation Books
  • FA Journal Templates
  • Fixed Asset Card
  • Main Assets and Asset Components
  • Record open transactions
  • Making duplicate entries
  • Copying fixed assets and FA ledger entries
After completing this module, students should be able to:
  • Set up Fixed Assets
  • Create, Set up, and Copy Depreciation Books
  • Use different Depreciation Methods
  • Create and Copy a Fixed Asset (main and component)
  • Record opening entries for a Fixed Asset
Module 2: Fixed Asset Transactions
This module explains how to perform a variety of Fixed Asset transactions.
  • Journals for Fixed Assets
  • Purchasing Fixed Assets
  • Calculation and Posting Depreciation
  • Write-Down and Appreciation of Fixed Assets
  • Fixed Asset Disposals
  • Correction of Entries
  • Documenting Fixed Asset Transactions
  • Fixed Asset Reports
  • Budgeting Fixed Asset Transactions
  • Cost-Accounting Depreciation
  • Indexation
  • Minor Assets
After completing this chapter, students should be able to:
  • Record fixed asset transactions (acquisition, depreciation, write-down, appreciation, disposal, indexation) through the FA journal and FA G/L journal.
  • Use purchase invoices for recording the acquisition costs of fixed assets.
  • Calculate depreciation according to different posting methods, through the Calculate Depreciation batch job.
  • Set up Cost-Accounting Depreciations.
  • Indexation of fixed assets through the Index Fixed Assets batch job.
  • Perform different budgeting transactions (acquisition, depreciation, disposal)
  • Create a G/L budget based on fixed asset transactions.
  • Cancel fixed asset entries.
  • Use different reports for fixed assets – including budgeting transactions.
  • Set up Minor Assets
Module 3: Fixed Asset Reclassifications
This module explains how to use the Reclassification Journal by providing demonstrations of most common real-life situations. These include transferring a fixed asset to another location, splitting an asset, disposing of only a part of the asset, and combining two assets.
  • Asset Transfers
  • Partial Disposal of an asset
  • Combining Assets
After completing this chapter, students should be able to:
  • Use the Reclassification Journal for transferring fixed assets, partially disposing of a fixed asset, and combining two or more fixed assets.
Module 4: Fixed Assets Maintenance
This module explains how to set up the maintenance functionality and how to use this to its absolute potential.
  • Setting up Maintenance Information
  • Maintenance Registration and Costs
  • Maintenance Cost Reporting
After completing this chapter, students should be able to:
  • Set up maintenance information.
  • Follow up on service visits.
  • Register maintenance costs through a purchase invoice.
  • Register maintenance costs through a FA journal.
  • Use different reports for maintenance.
Module 5: Fixed Assets Insurance
This module explains how to set up insurance information, assign assets to insurance policies, monitor the insurance coverage, update insurance information, and index FA insurance.
  • Setting up Insurance Information
  • Assigning Assets to Insurance Policies
  • Monitoring Insurance Coverage
  • Updating Insurance Information
  • Indexing Insurances
After completing this chapter, students should be able to:
  • Set up and update Insurance Cards and other Insurance Information.
  • Link fixed assets to insurance policies.
  • Use the Insurance Journal to record and correct insurance coverage entries.
  • Indexation of insurances through the Index Insurance batch job.
  • Use different reports for insurance.
Before attending this course, students must have:
  • General knowledge of Windows
  • Completed the Microsoft Dynamics NAV2009 Application Setup training or on-line Tutorials
  • Basic knowledge of Fixed Assets and accounting principles

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