MOC Course 80316 -> Project Essentials in Microsoft Dynamics AX 2012 in any location you want

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This two-day instructor-led course provides students with the knowledge and skills to set up the Project management and accounting module of Microsoft Dynamics AX. It also shows students how to create project transactions.

The course focuses on the basic project functionality available in Microsoft Dynamics AX.

Who Should Attend

This course is intended for people who are on the implementation team, administering or using the Project management and accounting module in Microsoft Dynamics AX. This audience typically includes people who are tasked with assessing business needs and those who advise them on the use, configuration and customization of the application. Additionally, people responsible for training or supporting others in Microsoft Dynamics AX can benefit from this course.

Course Outline

Module 1: Working with Projects

This module provides an overview of the Project management and accounting module in Microsoft Dynamics AX. It describes creating a project, project hierarchies, and activity breakdown structures. It also describes project details, project groups, and project stages.

Lessons

• Overview
• Project Details
• Project Group
• Project Numbering
• Project Hierarchies
• Report Sort Fields
• Work Breakdown Structure
• Project Copy Wizard
• Project Stages

Module 2: Understanding Project Types

This module discusses the accounting principles involved with the project types supported in Microsoft Dynamics AX module, Project management and accounting.

Lessons

• Project Types
• Time and Material Projects
• Processing a Time and Material Project
• Time and Material Project Example
• Fixed-Price Projects
• Fixed-Price Project Example
• Internal Projects
• Cost Project Example
• Time Projects
• Investment Projects
• Project Groups
• Ledger Principles

Module 3: Working with Project Transactions

This module explains how transaction types are managed and processed in the Microsoft Dynamics AX Project management and accounting module.

Lessons

• Transaction Types
• Categories and Category Groups
• Project Pricing
• Line Properties
• Hour Transactions
• Hours Journal
• Expense Transactions
• Expense Journals
• Invoice Journals and Invoice Registers
• Free Text Invoices
• Item Transactions
• Item Journals
• Item Requirements
• Purchase Orders
• Purchase Requisitions
• Production Orders
• Sales Orders
• Beginning Balances
• Review Project Transactions
• Adjusting Transactions
• Journal Setup
• Journal Approval
• Journal Descriptions
• Ledger Posting Setup
• Posting Setup by Project Group or Category

Module 4: Project Timesheets

This module explains how workers (employees and contractors) use project timesheets to enter and approve hours through the Enterprise Portal or the Microsoft Dynamics AX client.

Lessons

• Timesheet Periods
• Set Up Timesheet-Related Parameters
• Configuring Timesheet Workflows
• Set Up Favorites
• Set Up Delegates
• Timesheet Creation
• Timesheet Approval
• Missing Timesheets Report

Module 5: Project Invoicing

This module describes how Microsoft Dynamics AX uses two methods to invoice based on the type of project. While time and material (T&M) projects use the invoice proposal form to create invoices based on the transactions posted to the project, fixed-price projects use predefined payment amounts that are based on predefined milestones in the project.

Lessons

• Invoicing Setup
• Project Contracts
• Billing Requirements for Transactions
• Invoice Proposals
• On-Account Invoicing
• View Posted Invoices
• Credit Notes

Module 6: Project Budgeting

This module explains the project budgeting functionality within Microsoft Dynamics AX. By comparing budget and actuals, your organization can reallocate money and resources to meet budgetary goals.

Lessons

• Budget Approval Workflow
• Original Budgets
• Project Budget Properties
• Allocate Budgets
• View Budget Impact
• View Budget Balances
• Budget Revisions
• Committed Costs
• Carry Forward Budget Amounts at Year End

Module 7: Project Inquiries and Reports

This module includes inquiries, reports, and statistics forms so you can access information needed to run projects effectively. It also describes the Microsoft Excel and Microsoft Online Analytical Processing (OLAP) integration.

Lessons

• Project Control
• Excel Integration with Project Control
• Reports
• OLAP Integration

Module 8: Project Management and Accounting Setup

This module provides a reference for the set up of parameters of the Project management and accounting module in Microsoft Dynamics AX. The correct setup is necessary to use this module.

Lessons

• Settings

Labs

Lab: Create a Project
Lab: Create a Subproject
Lab: Set Report Sort Fields
Lab: Create a Work Breakdown Structure
Lab: Creating and Renaming Project Stages
Lab: Run a Basic Time and Material Project
Lab: Run a Basic Fixed-Price Project
Lab: Create a Cost Project
Lab: Create a New Category Group and Category
Lab: Set Up Prices for a New Contract
Lab: Enter an Invoice Journal
Lab: Create a Project Production Order
Lab: View Project Transactions
Lab: Adjust a Posted Transaction
Lab: Create a Timesheet Workflow
Lab: Create a Timesheet
Lab: Create a New Project Contract
Lab: Create an Invoice Proposal
Lab: Create an On-Account Invoice
Lab: Manage a Project Budget
Lab: Using the Hour Utilization Screen

What You'll Learn

After completing this course, students will be able to:

• Create and set up the Project management and accounting module in Microsoft Dynamics AX.* Set up invoicing.
• Understand project types.
• Create and enter project timesheets.
• Set up and allocate project budgets.

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