This 1-day course Inventory Insight, Reconciliation and Reporting in Microsoft Dynamics AX 2012 is for those, who want to be deep-dive into Inventory Costing and Valuation in AX 2012, thru principles overview, set-up and everyday examples and business scenarios, as well as plenty of hands-on labs.
Typical participant profiles:
The course is experienced financial management, cost accountants, and others in an organization that are responsible for the setup and administration of inventory costing and valuation functionality, as well as accountants, super users, controllers, consultants.
It is essential to have participated in our course Inventory Valuation and Costing in Microsoft Dynamics AX 2012 or in other ways have obtained equivalent knowledge.
During this Inventory Insight, Reconciliation and Reporting in Microsoft Dynamics AX 2012 we will work into further details from our course Inventory Valuation and Costing in Microsoft Dynamics AX 2012, introduce several new tools and work with them in detail.
During this 1-day class, you will work hands-on with our hands-on labs with guidelines for Microsoft Dynamics AX 2012.
Introduction and overview
Fundamental costing issue (recap)
Inventory Models Used
- LIFO Date
- Weighted average
- Weighted average date
- Standard Cost
- Moving Average
Inventory closing, recalculation and Cost Explorer
- Inventory closing best practice
- The Cost Explorer tool
- Deep Dive
- Example: Sales Order
- Example: Production Order
Inventory value, reconciliation, reporting and BI
- The Inventory Value report
- Reconciliation challenges – General Ledger and Inventory conflicts
- Cost Accounting (overview only)
Price for this course includes training manuals, training environment, food and beverages during the training.
We will provide our own developed and updated AXcademy training materials and/or training materials from Microsoft.
Training manuals are provided printed and/or as files.
Each student will receive copies to annotate and keep.
During the training, each student will have access to their personal copy of Microsoft Dynamics AX 2012 training environment (with standard Contoso demo data) free of charge.
After the training, you will continue to have access to your personal training environment – including your labs – absolutely free of charge for 3 months.
To ensure the best possible learning environment, a world-class instructor with loads of real-life technical experience in AX 2012 is in place, and the number of participants is limited to 10 students.
Food and beverages
Food and beverages are provided during the training hours.
•Light breakfast before start
•Lunch of high quality and variety
•Water, coffee/tea, soft drinks, fruits throughout the day.
(Actual offerings vary depending on the actual training location. For special food requirements, please ask well in advance of the class start date)
Any certification exams
MOC 50191 is used for Inventory Insight, Reconciliation and Reporting in Microsoft Dynamics AX 2012
This training is based on relevant parts of Microsoft training materials MOC 50191 “Microsoft Dynamics AX 2012 Inventory Costing and Valuation”