Manufacturing Costing
Course 8389: One day; Instructor-led

Prerequisites
To successfully participate in the Manufacturing Costing course or complete the training in the self-teaching manner, participants must have passed the Microsoft Navision Inventory Costing and Microsoft Navision Manufacturing tests or have equivalent experience with the Microsoft Navision application.

Microsoft Certified Professional Exams
No Microsoft Certified Professional exams are associated with this course currently.

Course Materials
The student materials include a comprehensive workbook and other items necessary for this class.

Course Outline
Chapter 1: Introduction

This chapter describes the basic structure of the course provides additional information required by participants to successfully complete the course.

Chapter 2: Concepts and Terms

This chapter introduces basic concepts and terms commonly used in inventory accounting that are specific to manufacturers.

Lessons

• Manufacturing Costs

• Cost Accounting for a Manufacturer

After completing this chapter, students will be able to:

• Understand the basic concepts behind the calculation of inventory value for finished goods.

• Understand the valuation of cost objects in relation to their direct and indirect manufacturing costs.

• Understand different types of manufactured inventory accounts.

• Understand recorded transactions in the G/L accounts.

• Understand different methods of standard cost calculations.

Chapter 3: Manufacturing Costing Principles

This chapter identifies the cost accounting aspects specific to a manufacturing environment and provides a general description of the principles employed by the program to handle these aspects.

Lessons

• Accounting for Manufactured Inventory in Microsoft Navision

After completing this chapter, students are will be able to:

• Understand how the program records quantity and value changes in entries.

• Understand production order costing.

Chapter 4: Manufacturing Costing Functionality

This chapter explains in detail the functioning of the manufacturing cost accounting mechanism in Microsoft Navision.

Lessons

• Manufacturing Costs

• Production Order Costing

• Inventory Valuation

• Posting Inventory Costs to the General Ledger

• Inventory Revaluation

After completing this chapter, students will be able to:

• Set up the different cost elements of standard cost.

• Calculate standard cost on single and multi-level.

• Understand costing for purchase of raw material and its influence on inventory.

• Understand costing for production and its influence on inventory.

• Handle special manufacturing situations like using non-inventory items or by-products.

• Handle subcontract operations.

• Calculate the WIP inventory value.

• Post inventory costs to General Ledger.

• Revalue the WIP inventory.

Chapter 5: Standard Cost Worksheet

This chapter describes the benefits and functionality of the standard cost worksheet.

Lessons

• Using the Standard Cost Worksheet

After completing this chapter, students will be able to:

• Update costs at the component and capacity levels.

• Consolidate and roll up component and capacity costs.

• Implement the cost update for standard cost and inventory value.