Financial_training_DAX2009

Microsoft Dynamics AX 2009

Financial training

®

Table of Contents

1. Basic concepts ....................................................................................................................................................... 3

First Transaction ................................................................................................................................................. 3

Purchase Vehicle for Cash .................................................................................................................................. 4

Purchasing Pizza Ingredients ............................................................................................................................ 6

Selling Pizza ......................................................................................................................................................... 9

Chart of Accounts .............................................................................................................................................. 12

Financial Statements – Balance Sheet, Income Statement, and Cash Flow Statement ................................ 14

Accounting Cycle ............................................................................................................................................... 19

Summary ........................................................................................................................................................... 20

2. Purchase ............................................................................................................................................................. 21

Creating a Purchase Order ............................................................................................................................... 21

Confirmation ..................................................................................................................................................... 23

Arrival and Registration ................................................................................................................................... 25

Packing Slip ....................................................................................................................................................... 26

Invoice ............................................................................................................................................................... 30

Posting Profiles ................................................................................................................................................. 35

Accounting Equation ........................................................................................................................................ 40

General Journal ................................................................................................................................................. 41

General Ledger .................................................................................................................................................. 44

Sub Ledgers ....................................................................................................................................................... 45

Invoice Journal .................................................................................................................................................. 51

3. Paying a Vendor ................................................................................................................................................. 60

Payment Steps ................................................................................................................................................... 61

Posting Results .................................................................................................................................................. 67