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Microsoft Dynamics AX 2012 R3 Financial Management

Microsoft Dynamics AX 2012 R3 Financial Management

By : Mohamed Aamer Ala El Din (USD)
2.7 (3)
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Microsoft Dynamics AX 2012 R3 Financial Management

Microsoft Dynamics AX 2012 R3 Financial Management

2.7 (3)
By: Mohamed Aamer Ala El Din (USD)

Overview of this book

This 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.
Table of Contents (11 chapters)
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Understanding the chart of accounts


The classified skeleton of a main account is the responsibility of the controller from the customer side and the application consultant from the partner side, who bridges the application capabilities to the customers' requirements. This activity is designed in the analysis and design phases, and deployed in the deployment phase.

Main accounts are at the core of financial reporting and include the trial balance, balance sheet, income statement, working capital, and cash flow. The starting point in building COAs is identifying the financial reporting requirements to ensure that all classification levels and categories are captured in Microsoft Dynamics AX.

Classifying main accounts

The first classification of main accounts in Microsoft Dynamics AX is the type, which represents the nature of the ledger account, that is, is it a balance sheet account or a profit and loss account? The following figure shows an example of a balance sheet and an income statement...

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