Course 80317B:

Project Advanced in Microsoft Dynamics AX 2012 R2

Length:3 Days
Published:March 28, 2013
Language(s):English
Audience(s):Information Workers
Level:200
Technology:Microsoft Dynamics AX 2012 R2
Type:Course
Delivery Method:Instructor-led (classroom)
About this Course
This three-day instructor-led course provides students with the knowledge and skills to set up the advanced features in the Project management and accounting module of Microsoft Dynamics AX.
The course focuses on the advanced project functionality available in Microsoft DynamicsAX.
Audience Profile
This course is intended for people who are on the implementation team, administering or using the Project management and accounting module in Microsoft Dynamics AX. This audience typically includes people who are tasked with assessing business needs and advising them on the use, configuration and customization of the application. Additionally, people responsible for training or supporting Microsoft Dynamics AX may benefit from this course.
At Course Completion
After completing this course, students will be able to:
  • Validate projects and validation groups.
  • Use forecast models.
  • Set up project invoicing parameters, funding sources, and funding limits.
  • Describe and run an advanced time and material project.
  • Describe and run an advanced fixed-price project.
Course OutlineModule 1: Project Validation
This module discusses the project validation system.
Lessons
  • Project Validation Parameters
  • Enable Validation for Workers
  • Validation Groups
  • Enable Project Assignments
Lab : 1:1
  • Create a New Validation Group
After completing this module, students will be able to:
  • Explain project validation.
  • Set up project validation parameters.
  • Enable validation for workers.
  • Set up validation groups.
  • Set up project validation category assignments.
Module 2: Project Forecasting
This module discusses forecasting within the Project management and accounting module. It describes how the concepts are closely linked within this module and how they can be used in all types of projects.
Lessons
  • Forecast Models
  • Enter Forecasts
  • Forecast Scheduling
  • Forecasting Hours
Lab : 2:1
  • Edit a Forecast
After completing this module, students will be able to:
  • Use forecast models.
  • Enter forecasts for hours, expenses, fees, items, and on-account payments.
  • Set up forecast scheduling.
  • Define forecasting on hours.
Module 3: Advanced Project Invoicing
This module describes advanced features of project invoicing in the Project management and accounting module of Microsoft Dynamics AX 2012, including funding sources, funding limits, funding rules and allocations. The module also covers grants, which are most often used by the public sector and research facilities.
Lessons
  • Project Invoicing Parameters
  • Funding Sources
  • Funding Limits
  • Funding Rules
  • Fixed-Rate Agreements
  • Grant Management
Lab : 3:1
  • Manage Contract Funding Sources and Limits
Lab : 3:2
  • Manage Grants
After completing this module, students will be able to:
  • Set up project invoicing parameters.
  • Set up funding sources.
  • Set up funding limits.
  • Set up funding rules and allocations.
  • Set up fixed-rate agreements.
  • Manage grants.
  • Approve or revoke invoice proposals.
Module 4: Advanced Internal Project
This module describes the accounting principles involved with running advanced internal projects in the Microsoft Dynamics AX Project management and accounting module.
Lessons
  • Internal Projects with Work in Progress (WIP)
  • Internal Project with WIP Example
  • Investment Projects
  • Investment Project Example
Lab : 4:1
  • Run an Internal Project with WIP.
Lab : 4:2
  • Run an Investment Project
After completing this module, students will be able to:
  • Explain internal projects with WIP.
  • Track the financial effects of an internal project with WIP.
  • Explain investment projects.
  • Track the financial effects of an investment project.
Module 5: Advanced Time and Material Project
This module describes the accounting principles involved with running advanced time and material projects in the Microsoft Dynamics AX Project management and accounting module.
Lessons
  • Time and Material Project with WIP
  • Example: Time and Material Project with WIP
  • Post Costs Form
  • Time and Material Project with Accruals
  • Example: Time and Material Project with Accruals
  • Reversing Accrued Revenue
Lab : 5:1
  • Run a Time and Material Project with WIP
Lab : 5:2
  • Using Post Costs
Lab : 5:3
  • Run a Time and Material Project with Accruals
Lab : 5:4
  • Reversing Accrued Revenue
After completing this module, students will be able to:
  • Describe a time and material project with WIP.
  • Run a time and material project with WIP.
  • Describe post costs form.
  • Describe time and material project with accruals.
  • Run a time and material project with accruals.
  • Reversing accrued revenue.
Module 6: Advanced Fixed-Price Projects
This module describes the handling of advanced fixed-price projects. Its main focus is on how to deal with work in process (WIP), and how to use the estimate system for revenue accruals on these projects.
Lessons
  • Completed Contract Assessment Principle
  • Completed Percentage Principle
  • The Estimate Process
  • Period Types
  • Cost Templates
  • Estimate Projects
  • Creating Estimates
Lab : 6:1
  • Create a Cost Template
Lab : 6:2
  • Create and Post an Estimate
After completing this module, students will be able to:
  • Review concepts of fixed-priced projects.
  • Describe the completed contract method.
  • Describe the completed percentage principle.
  • Describe how advanced fixed-price projects are run using the estimate system.
  • Set up estimate period types.
  • Set up cost templates.
  • Set up estimate projects.
  • Use the estimate process.
Module 7: Fixed-Price Project with Completed Contract
This module describes the accounting principles involved with running the advanced fixed-price project with the completed contract method of revenue recognition.
Lessons
  • Fixed-Price Project with Completed Contract Example
Lab : 7:1
  • Run a Fixed-Price Project with Completed Contract
After completing this module, students will be able to:
  • Describe the completed contract method for advanced fixed-price projects.
Module 8: Fixed-Price Project with Completed Percentage
This module describes the accounting principles involved with running advanced fixed-price projects with the completed percentage method of revenue recognition.
Lessons
  • Fixed-Price Project with Completed Percentage and Sales Value
  • Fixed-Price Project with Completed Percentage and Sales Value Example
  • Fixed-Price Project with Completed Percentage and Production Plus (+) Profit
  • Fixed-Price Project with Completed Percentage and Production Plus (+) Profit Example
Lab : 8:1
  • Create and Run a Fixed-Price Project Using Completed Percentage
After completing this module, students will be able to:
  • Describe the completed percentage and sales value method for fixed-price projects.
  • Track the financial effects of a fixed-price project with the completed percentage and sales value method.
  • Describe the completed percentage and production plus (+) profit method for fixed-price projects.
  • Track the financial effects of an advanced fixed-price project example using the completed percentage and production plus (+) profit method.
Before attending this course, students must have:
  • Basic knowledge of accounting principles.
  • An understanding of how to move within Microsoft Dynamics AX.

In addition, we recommend, but do not require, that students have completed:
  • Microsoft Dynamics AX Introduction course
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