Microsoft
Dynamics AX 4.0 Fixed Assets
Course 8638: Two days; Instructor-led
Introduction
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
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.
Prerequisites
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.
Microsoft Certified Professional Exams
This course
will help the student prepare for the following Microsoft Certified Professional
exam:
• Exam
Dynamics AX 4.0 Financials:
Course Materials
The student kit includes a comprehensive workbook and other necessary materials for this class.
Course Outline
Module 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
Labs
• None
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
Labs
• Lab
2.1: Set up Journal Names
• Lab
2.2: Set up Ledger Accounts
• Lab
2.3: Set up a Number Sequence
• Lab
2.4: Set up a Depreciation Profile
• Lab
2.5: Set up Value Models
• Lab
2.6: Set up a Fixed Asset Group
• Lab
2.7: Set up a Posting Profile
• Lab
2.8: Review Parameter Setup
• Lab
2.9: Set up Depreciation Books, Conventions, and Bonus Depreciation.
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
Labs
• 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
Labs
• Lab
4.1: Acquiring an Asset Using the Fixed Assets Journal
• Lab
4.2: Acquiring an Asset Using the Inventory to Fixed Assets Journal
• Lab
4.3: Depreciating an Asset using a Proposal
• Lab
4.4: Dispose of an Asset Using the Fixed Assets Journal
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
Labs
• None
After completing
this module, students will be able to:
• View
data inquiries in Fixed Assets.
• Create
reports in Fixed Assets.
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