Project Advanced in Microsoft Dynamics AX 2012 Training Course

Course 80317
3 Days

Instructor-Led Live: $1,795
Instructor-Led Remote: $1,295 - Learn more

Course Overview
This three-day instructor-led course provides students with the knowledge and skills to set up the advanced features in the Project management and accounting module of Microsoft Dynamics AX.
The course focuses on the advanced project functionality available in Microsoft DynamicsAX.

Audience
Course 80317: Project Advanced in Microsoft Dynamics AX 2012 R2 is designed 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 advising them on the use, configuration and customization of the application. Additionally, people responsible for training or supporting Microsoft Dynamics AX may benefit from this course.

Course Outline
Module 1: Project Validation
This module discusses the project validation system.
Lessons

Project Validation Parameters
Enable Validation for Workers
Validation Groups
Enable Project Assignments

Lab : 1:1

Create a New Validation Group

After completing this module, students will be able to:

Explain project validation.
Set up project validation parameters.
Enable validation for workers.
Set up validation groups.
Set up project validation category assignments.

Module 2: Project Forecasting
This module discusses forecasting within the Project management and accounting module. It describes how the concepts are closely linked within this module and how they can be used in all types of projects.
Lessons

Forecast Models
Enter Forecasts
Forecast Scheduling
Forecasting Hours

Lab : 2:1

Edit a Forecast

After completing this module, students will be able to:

Use forecast models.
Enter forecasts for hours, expenses, fees, items, and on-account payments.
Set up forecast scheduling.
Define forecasting on hours.

Module 3: Advanced Project Invoicing
This module describes advanced features of project invoicing in the Project management and accounting module of Microsoft Dynamics AX 2012, including funding sources, funding limits, funding rules and allocations. The module also covers grants, which are most often used by the public sector and research facilities.
Lessons

Project Invoicing Parameters
Funding Sources
Funding Limits
Funding Rules
Fixed-Rate Agreements
Grant Management

Lab : 3:1

Manage Contract Funding Sources and Limits

Lab : 3:2

Manage Grants

After completing this module, students will be able to:

Set up project invoicing parameters.
Set up funding sources.
Set up funding limits.
Set up funding rules and allocations.
Set up fixed-rate agreements.
Manage grants.
Approve or revoke invoice proposals.

Module 4: Advanced Internal Project
This module describes the accounting principles involved with running advanced internal projects in the Microsoft Dynamics AX Project management and accounting module.
Lessons

Internal Projects with Work in Progress (WIP)
Internal Project with WIP Example
Investment Projects
Investment Project Example

Lab : 4:1

Run an Internal Project with WIP.

Lab : 4:2

Run an Investment Project

After completing this module, students will be able to:

Explain internal projects with WIP.
Track the financial effects of an internal project with WIP.
Explain investment projects.
Track the financial effects of an investment project.

Module 5: Advanced Time and Material Project
This module describes the accounting principles involved with running advanced time and material projects in the Microsoft Dynamics AX Project management and accounting module.
Lessons

Time and Material Project with WIP
Example: Time and Material Project with WIP
Post Costs Form
Time and Material Project with Accruals
Example: Time and Material Project with Accruals
Reversing Accrued Revenue

Lab : 5:1

Run a Time and Material Project with WIP

Lab : 5:2

Using Post Costs

Lab : 5:3

Run a Time and Material Project with Accruals

Lab : 5:4

Reversing Accrued Revenue

After completing this module, students will be able to:

Describe a time and material project with WIP.
Run a time and material project with WIP.
Describe post costs form.
Describe time and material project with accruals.
Run a time and material project with accruals.
Reversing accrued revenue.

Module 6: Advanced Fixed-Price Projects
This module describes the handling of advanced fixed-price projects. Its main focus is on how to deal with work in process (WIP), and how to use the estimate system for revenue accruals on these projects.
Lessons

Completed Contract Assessment Principle
Completed Percentage Principle
The Estimate Process
Period Types
Cost Templates
Estimate Projects
Creating Estimates

Lab : 6:1

Create a Cost Template

Lab : 6:2

Create and Post an Estimate

After completing this module, students will be able to:

Review concepts of fixed-priced projects.
Describe the completed contract method.
Describe the completed percentage principle.
Describe how advanced fixed-price projects are run using the estimate system.
Set up estimate period types.
Set up cost templates.
Set up estimate projects.
Use the estimate process.

Module 7: Fixed-Price Project with Completed Contract
This module describes the accounting principles involved with running the advanced fixed-price project with the completed contract method of revenue recognition.
Lessons

Fixed-Price Project with Completed Contract Example

Lab : 7:1

Run a Fixed-Price Project with Completed Contract

After completing this module, students will be able to:

Describe the completed contract method for advanced fixed-price projects.

Module 8: Fixed-Price Project with Completed Percentage
This module describes the accounting principles involved with running advanced fixed-price projects with the completed percentage method of revenue recognition.
Lessons

Fixed-Price Project with Completed Percentage and Sales Value
Fixed-Price Project with Completed Percentage and Sales Value Example
Fixed-Price Project with Completed Percentage and Production Plus (+) Profit
Fixed-Price Project with Completed Percentage and Production Plus (+) Profit Example

Lab : 8:1

Create and Run a Fixed-Price Project Using Completed Percentage

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Project Advanced in Microsoft Dynamics AX 2012 Training Course

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Course 80317
3 Days