Microsoft Dynamics AX 2012 R3 Financial Management

Description

Packt Publishing, 2015. — 306 p. — ISBN-10: 1784390984, ISBN-13: 978-1-78439-098-3. Microsoft 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.Microsoft Dynamics AX 2012 R3 Financial Management book covers the main characteristics general ledger and its integration between other subledgers (Accounts payable, Accounts receivable, fixed assets, cash and bank management, and inventory). It also covers the core features of main accounts, the categorization accounts, and its controls, along with the opening balance process and concept, and the closing procedure.It then discusses subledgers functionality (Accounts payable, Accounts receivable, fixed assets, cash and bank management, cash flow management, and inventory) in more details by walking through the master data, controls, and transactions and its effects on the general ledger.It explores financial reporting that is one of the basic implementation corner stone. The main principles for reporting are reliability of business information and the ability to get the right information at the right time for the right person. Reports that analyze ERP data in an expressive way represent the output of the ERP implementation; it is considered as the cream of the implementation—the next level of value that solution stakeholders should target for. This ultimate outcome results from building all reports based on a single point of information.