Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By : Mohamed Aamer Ala El Din
Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By: Mohamed Aamer Ala El Din

Overview of this book

Microsoft Dynamics 365 for finance and operations is a rapidly growing application and is widely used in enterprise organizations. Because of its ability to maximize business productivity, it is a fast-growing business application package 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. To begin with, you'll be taken through the general ledger and financial dimension functions. You'll later learn about the sales tax mechanism and multi-currency in Microsoft Dynamics 365. We tackle each topic with focused examples and explanations on topics such as payable/receivable accounts, forecasting, cash and bank management, budgeting planning/control, and fixed assets. Finally, we walk you through intercompany, consolidation, costing basics, and financial reporting. By the end of this book, your finance team will have a much richer understanding of Microsoft Dynamics 365 for finance and operations and its powerful capabilities.
Table of Contents (24 chapters)
Title Page
Copyright and Credits
Dedication
Packt Upsell
Contributors
Preface
Index

Configuring inventory costing


The configuration and setup of inventory costing are combined with the integrated modules of inventory and warehousing management, product information management, and financial controls. A collection of all types of setup is shown in the product master form, illustrated in the following figure:

The blocks in the preceding diagram are defined as follows:

  • Item model group: This identifies the inventory valuation method
  • Product dimension groups: This identifies the product's attributes
  • Product storage dimension groups: This identifies the product's location
  • Product tracking dimension groups: This identifies the product's tracking information

Item model groups

The main configuration and setup of inventory costing in Microsoft Dynamics 365 for Finance and Operations is in Item model groups, where we identify the inventory costing valuation method. For inventory model groups, navigate to Inventory management | Setup | Inventory | Item model groups. Microsoft Dynamics 365...