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Microsoft Dynamics AX 2012 R3 Financial Management, by Mohamed Aamer
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Boost your accounting and financial skills with Microsoft Dynamics AX 2012 R3
About This Book- Understand Microsoft Dynamics AX financial management and successfully configure and set up your software
- Manage the AX 2012 R3 financial module with the help of highly useful tips and tricks
- Administer customer relations and plan enterprise resources with this systematic guide
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.
What You Will Learn- Examine the business logic behind the financial functionalities of Microsoft Dynamics AX 2012 R3
- Set up and configure the core modules of financial management
- Grasp the key control points of financial management
- Plan and execute an opening balance migration
- Implement the monthly- and year-end closing procedures
- Explore the basic cycles and module integrations
- Discover and implement the inventory costing mechanism
- Use Microsoft Dynamics AX to create financial reports
Microsoft Dynamics AX is a rapidly growing application and is widely used in enterprise organizations. Because of its ability to maximize business productivity, Microsoft Dynamics AX is one of the fastest-rising business application packages 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. We will tackle each topic with focused examples and explanations in areas such as general ledgers, accounts payable, accounts receivable, fixed assets, forecasting, cash and bank management, financial dimensions, and financial reporting.
By the end of this book, you will have a much richer understanding of Microsoft Dynamics AX 2012 R3 and its empowering capabilities.
- Sales Rank: #426464 in Books
- Published on: 2015-01-22
- Released on: 2015-02-13
- Original language: English
- Number of items: 1
- Dimensions: 9.25" h x .80" w x 7.50" l, 1.33 pounds
- Binding: Paperback
- 306 pages
About the Author
Mohamed Aamer
Mohamed Aamer is a Microsoft Dynamics AX Support Engineer for the EMEA region with Microsoft, Egypt. In 2013, he was awarded Microsoft Dynamics AX MVP, and he was the first AX MVP in the Middle East and Africa. His main focus is on implementing Microsoft Dynamics AX to fit customers' needs. He uses his time to help and support Microsoft partners to answer their complex questions and tackle obstacles they might face; he understands customer business cycles and solves customer business problems through a combination of business process reengineering and utilization of Microsoft Dynamics AX functionalities. He is a Microsoft Certified Professional (MCP) specialized in financial management and supply chain management. In addition to this, he has been a Microsoft Certified Trainer (MCT) for 5 years. Mohamed has varied consultation experience in dealing with Microsoft Golden Partners and Microsoft customers. He has worked as a consultant in many industries, such as retail fashion, retail electronics, cement manufacturing, trading, and ready mix. He has carried out multiple implementations of Microsoft Dynamics Retail Management System and Microsoft Dynamics AX in numerous capacities, such as project manager, solutions architect, and lead consultant. His consulting skills are complemented by his business, management, and interpersonal skills. He is also a columnist of AX Excellence at the MSDynamicsWorld.com community, an official blogger at Microsoft Dynamics Community, and has his own blog (www.blog.mohamedaamer.com). He delivers evangelizing sessions to Microsoft Student Partners (MSPs) to introduce Microsoft Dynamics AX and Microsoft Dynamics Sure Step to them. He has been ranked in the top 100 influential people at www.dynamicsworld.co.uk for 2 consecutive years. He has obtained other badges from Microsoft, such as Microsoft Community Contributor (MCC) and Microsoft Dynamics Community Expert. Mohamed authored Microsoft Dynamics 2012 Financial Management and reviewed Customer Success with Microsoft Dynamics Sure Step, both by Packt Publishing. When not working on complex business processes, he attends live Sufi shows and music concerts.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Good Resource for Most Basic Financials Needs
By Opsdoc
A very excellent resource for a financial end-user of Dynamics AX 2012 R3 or anyone who needs an occasional reference in a fairly simple AX 2012 R3 implementation.
I was, however, hoping for a resource serving the needs of a more experienced AX financials decision maker in a more complex environment.
I found areas such as Fixed Assets very well covered. However, areas such as the integration of Organizational Hierarchies to the CoA/GL with multiple legal entities seemed very thin.
0 of 0 people found the following review helpful.
ERP with Microsoft Dynamics AX for mere mortals!
By adnan baloch
These days businesses have to rely on ERP to help their management make the right decisions at the right time to stay ahead of the competition. Lack of ERP can lead to a lot of stress for the managers as they struggle to make sense of the data generated by the different departments in a business organization. ERP ties everything together neatly and presents a comprehensive overview of the daily business activities leading to better decision making. The author of this book starts from the implementation phase of Microsoft Dynamics AX 2012 R3 and takes the readers step by step through everything. The importance of the implementation team as well as the application consultant in the success of ERP is clearly laid out. Screenshots help the readers become familiar with the interface of Dynamics AX. To get started with Dynamics AX, it is imperative that the opening balances are created based on the closing balances of the legacy ERP system. The entire process is laid out in great detail to assist the readers in ensuring a smooth transition to Dynamics AX. Reconciliation of general ledger and bank account are given ample coverage. Accounts payable and accounts receivable get their own dedicated chapters. Plenty of screenshots and diagrams serve to delineate these important topics. The next chapter is all about fixed assets, from their acquisition to depreciation to finally being disposed. Financial directors need to protect their company's cash situation by utilizing cash flow management to predict the company's future cash requirements. This is explored in a seperate chapter with a practical example demonstrating cash flow forecasting. The inventory costing strategy makes or breaks a company's bottomline. This critical topic is explained with particular emphasis on inventory management and integration with general ledger. The concept of segmented ledger accounts in the context of financial dimensions to get a deeper analysis of the transactions posted in general ledger accounts, forms the basis of an entire chapter. The final chapter delves into the rich variety of financial reports offered by Dynamics AX. Readers tasked with bringing the power of Dynamics AX into the financial realm of their business organization will find themselves thoroughly satisfied by the practical approach taken in this book by the experienced author.
1 of 1 people found the following review helpful.
Useful book on exploring the financial management practices with AX 2012 R3
By Robert Gyorodi
This book starts from presenting the importance of financial management part in an ERP implementation, discussing the various roles that contribute to a successful project.
Next it goes through the main concepts related to financial management with AX, starting with the General Ledger, explaining the usage of main accounts and the newly introduced shared financial data concept.
It continues to explain the integration and basic usage patterns of cash and bank management, accounts payable, accounts receivable and fixed assets.
What I really like with this book is the explanation of how is the cash flow management integrated and configured for a really useful insight into the status of the business.
Other areas that are covered include working with cost management, the really helpful explaining of the usage of financial dimensions and the reporting possibilities of AX.
Aside from some minor inadvertences between examples in the text and the related screenshots and some best practices that are not too well explained, as a responsible for a Microsoft Dynamics related university module, I have found this book useful even for students with non financial background.
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