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

Exploring fixed assets master data characteristics


Fixed assets master data records have essential information that directly affects asset transactions. The following section covers the basic information that should be considered when creating a new fixed asset record. The following diagram shows the basic characteristics of fixed assets. There are more generic and higher levels of assets master data, including the depreciation profile, book, and the asset group that represents the logical grouping of assets.

The fixed asset record is the lowest level, which represents the asset itself:

Depreciation profiles

Depreciation profiles in Microsoft Dynamics 365 for Finance and Operations represent the rules that manage the depreciation principles that will be applied on the fixed assets, for example, the straight line depreciation method or the reducing balance depreciation method. The depreciation profile rules contain the depreciation method, depreciation year, and period frequency. In order to...