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Audience Profile
This course is intended for individuals on the implementation team, administrating or using the Fixed Assets and Financial management modules in Microsoft Dynamics AX 2009. 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 2009 benefit from this course.
Prerequisites
Before attending this course, students must have completed the following courses, or obtained equivalent knowledge of Microsoft Dynamics AX 2009 processes:
Introduction to Microsoft Dynamics AX 2009
Financials I in Microsoft Dynamics AX 2009
Financials II in Microsoft Dynamics AX 2009
At Course Completion
After completing this course, students will be able to:
Set up the Fixed asset system, including Parameters and Number sequences.
Set up the necessary components for Fixed assets, including but not limited to Value models, Fixed asset groups, Depreciation methods, Depreciation profiles, and Depreciation conventions.
Create and maintain Fixed asset records.
Create and update Fixed asset transactions, including acquisitions, depreciation, disposal and adjustment transactions.
Inquire into and run reports on Fixed asset transactions.
Course Outline
Module 1: Introduction
This module 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 That Is Required for Fixed Asset Accounting
Structure and Integration With Other Modules
Module 2: Setup Procedures
This module 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 Profiles, Asset Calendars and Depreciation Books
Fixed Assets Module Setup- Value Models, Asset Groups, Disposal and Posting Profiles
Fixed Assets Module Setup- Parameters
Capitalization Threshold- Fixed Assets
Parameters- Purchase Orders Field Group
Reason Codes in Fixed Assets
Depreciation Methods
Depreciation Conventions
Depreciation Books Overview
Extended Functionality Features - Provision Types and Bonus Depreciation
Mass Update Depreciation Conventions for a Depreciation Book
Country and Region Specific Features
Module 3: Setup of Assets
This module 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. Project module integration will also be discussed.Lessons
Fixed Asset Form
Setting Up Assets in the Fixed Asset Module
Inquiries In The Fixed Assets Form
Inquiries In The Depreciation Book Form
Lending Assets
Assigning Bar Codes to Assets
Asset Budgeting
Project Module Integration to Fixed Assets
Module 4: Asset Transactions
This module explains how to use and record different Fixed Assets transaction types. It covers acquisition, depreciation, value adjustments, and disposal. Procedures for creating and acquiring fixed assets using Accounts payable Purchase orders are also discussed. Maintenance of asset transactions is explained, such as transaction reversal, updating replacement costs and insured values, copying fixed assets and changing groups, and fixed asset additions.Lessons
Typical Fixed Asset Transaction Types
Recording Asset Transactions - Acquisitions
Creating and Acquiring Fixed Assets From Purchase Orders in Accounts Payable
Recording Asset Transactions - Depreciation
Recording Asset Transactions - Value Adjustments
Recording Asset Transactions - Disposals
Other Asset Transactions
Transaction Reversals - Fixed Assets
Replacement Cost and Insured Value Update
Copying Fixed Assets and Changing Fixed Asset Groups
Fixed Asset Additions
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