Project Accounting I in Microsoft Dynamics™ AX 4.0
Course 8630: Three days; Instructor-Led

Before attending this course, students must have:
• General knowledge of Microsoft® Windows®
• Basic knowledge of project accounting principles

Key Related Courses:

Microsoft Dynamics AX Project II, 8403A

Microsoft Certified Professional Exams

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

Course Materials

The student kit includes a comprehensive workbook and other necessary materials for this class.

Introduction to Microsoft Dynamics AX Project I

This chapter provides students with a general overview of the topics discussed in this course. It also focuses on Microsoft Dynamics AX Project concepts and principles used in the course.

Course Outline

Chapter 1: Project Setup

This chapter focuses on project setup procedures. In this chapter we will configure an project group, and set parameters. Students also learn how to set up internal projects and invoice projects for external projects. Also discussed is how to define ledger posting accounts for projects and pricing setup for invoice projects. Students also learn how to set up and use posting journals to maintain records.

Main Topics
• Understand the Basics of Project Setup.
• Set up Project Parameters.
• Configure Project Groups.
• Define Ledger Posting Accounts.
• Setup Categories and Category Groups.
• Specify Pricing and Line Properties.
• Setup Number Sequences.
• Create Posting Journals.
• Create Invoice Projects and Projects.

Labs
• Create an internal project group.
• Create a new invoice project.
• Create a project.

After completing this module, students will be able to:
• Set up project parameters.
• Create internal and invoice projects.
• Create posting journals.
• Set up categories and category groups.

Chapter 2: Project Setup Options

This chapter defines project hierarchies and discusses the project copy wizard. Students learn how to sort project information and set up project periods. Students get the chance to explore the project activities and other project setup options.

Main Topics
• Project Hierarchies
• Project Copy Wizard
• Sorting
• Activities
• Journal Approval and Journal Texts
• Project Periods

Labs
• Project Hierarchy
• Activities
• Hour Journal Approval
• Project Reporting Periods

After completing this module, students will be able to:
• Define Project Hierarchies.
• Use the Copy Wizard.
• Set up activities for projects.
• Set up project periods.

Chapter 3: Registering and Adjusting Project Transactions

This chapter introduces students to the transactions in the project module. Entering and adjusting transactions is an important part of project tracking. In this chapter students learn about all necessary aspects of transaction processing.

Main Topics
• Transactions Types
• Hours Transactions
• Expense Transactions
• Fee Transactions
• Registering Transaction Items
• Transaction Adjustments

Labs
• Hour consumption registration
• Expense registration
• Revenue registration
• Adjusting transactions

After completing this module, students will be able to:
• Enter project transactions from a journal or the Web.
• Enter and adjust project transactions.
• Enter fee transactions for time and material projects.

Chapter 4: Invoicing Projects

This chapter familiarizes students with the ideas behind invoicing projects and the process involved. In this chapter students learn everything they need to invoice a project. Students also learn how to post an on-account invoice and set up invoicing for customers.

Main Topics
• Concepts
• Invoice Setup
• Invoice Proposal Procedure
• On-account Invoicing