Microsoft Dynamics AX 2012 R3 Financial Management

Boost your accounting and financial skills with Microsoft Dynamics AX 2012 R3About This BookUnderstand Microsoft Dynamics AX financial management and successfully configure and set up your softwareManage the AX 2012 R3 financial module with the help of highly useful tips and tricksAdminister customer relations and plan enterprise resources with this systematic guideWho This Book Is ForThis book is intended for application consultants, controllers, CFOs, and other professionals who are engaged in a Microsoft Dynamics AX implementation project. Basic knowledge of financial terms, concepts, and Microsoft Dynamics AX terminologies is required.What You Will LearnExamine the business logic behind the financial functionalities of Microsoft Dynamics AX 2012 R3Set up and configure the core modules of financial managementGrasp the key control points of financial managementPlan and execute an opening balance migrationImplement the monthly- and year-end closing proceduresExplore the basic cycles and module integrationsDiscover and implement the inventory costing mechanismUse Microsoft Dynamics AX to create financial reportsIn DetailMicrosoft Dynamics AX is a rapidly growing application and is widely used in enterprise organizations. Because of its ability to maximize business productivity, Microsoft Dynamics AX is one of the fastest-rising business application packages in the ERP market.We will start by looking into ERP concepts, implementation needs, and interface design, giving you basic knowledge of financial management aspects and explaining key concepts along the way. We will tackle each topic with focused examples and explanations in areas such as general ledgers, accounts payable, accounts receivable, fixed assets, forecasting, cash and bank management, financial dimensions, and financial reporting.By the end of this book, you will have a much richer understanding of Microsoft Dynamics AX 2012 R3 and its empowering capabilities.