• Overview
• Outline
• Schedule

About This Course

The one-day Microsoft Dynamics AX 2009 Inventory Costing and Valuation course introduces inventory costing and valuation functionality. The course covers Fundamental Costing Issue and Basic Cost Flow in Microsoft Dynamics AX 2009, Inventory models Used for Closing, Standard Cost Framework, Marking functionality, Closing Inventory, and Inventory Costing and Adjustment Reports.

Audience Profile

This course is for customers who want to learn the features and functions of inventory costing and valuation in Microsoft Dynamics AX 2009.

The course is targeted toward sales and purchase managers, salespeople, purchasers, and others in an organization that are responsible for the setup and administration of inventory costing and valuation functionality.

Prerequites

Before attending this course, students must have:

• General knowledge of Microsoft Windows.
• The ability to use Microsoft Dynamics AX 2009 for basic order processing .

In addition, students should have:

• Basic knowledge of trade and logistics and bill of materials in Microsoft Dynamics AX 2009.
• Basic knowledge of inventory management concepts.

At Course Completion

After completing this course, students will be able to:

• Understand the fundamental costing issue in Microsoft Dynamics AX 2009.
• Understand basic cost flow in Microsoft Dynamics AX using standard cost, fixed receipt price and running average methodology.
• Use the Financial inventory parameter and understand its influence on item costing.
• Calculate estimated values before closing.
• Use the Include physical value parameter and understand how it effects item costing.
• Use the different inventory models available in Microsoft Dynamics AX 2009 to close inventory and understand their effect on item costing.
• Understand the concept of the standard cost framework.
• Perform necessary setup needed for standard cost.
• Understand and use cost breakdown feature.
• Use indirect costs and calculation formulas used for costing versions.
• Use costing sheet to organize and structure the cost consumption.
• Understand and use costing versions.
• Identify variances between the production actual costs and the standard cost.
• Use marking functionality in Microsoft Dynamics AX 2009.
• Mark sales orders against purchase order lots.
• Understand how dimensions influence marking process.
• Understand and use the rules of the item