Module 1: Introduction

This module explains fundamental costing issue and basic cost flow in Microsoft Dynamics AX 2009. It discusses financial inventory parameters as a way to calculate the cost price on groups of transactions for specific dimensions within the inventory dimension group.

Lessons

• Fundamental Costing Issue
• Financial Inventory Parameter
• Estimated Values Before Closing
• Packing Slip Update

Lab: Costing with the Include Physical Value Parameter

After completing this module, students will be able to:

Module 2: Inventory Models Used for Closing

This module discusses five main inventory models used for inventory closing. The examples following each inventory model explain in what way issues are settled against the receipts. Weighted average and weighted average date inventory models are discussed,using both direct and summarized settlements.

Lessons

• FIFO
• LIFO
• LIFO Date
• Weighted average
• Weighted average date

Lab: Inventory Models

Module 3: Standard Cost Framework

This module introduces the concept of the Standard cost framework, discusses necessary setup that is required for using standard cost inventory model, and introduces cost breakdown feature and it's purpose. This module also focuses on indirect costs and calculation formulas used for costing versions, and discusses costing versions and production variances that appear between the production actual costs and the standard cost.

Lessons

• Set Up Standard Cost Framework
• Cost Breakdown
• Costing Sheet
• Indirect Cost
• Costing Versions
• Production Variances
• Variance Analysis Statement

Lab: Standard Cost

Lab: Variance Analysis Statement

After completing this module, students will be able to:

Module 4: Marking

This module introduces marking functionality and explains in what cases it is necessary to use marking to marry receipt and issues.

Lessons

• Marking a Sales Order Against a Purchase Order Lot
• Dimensions and Marking
• Cost Price Calculation
• Marking Form
• Marking Across Dimensions and Warnings
• Marking Complete Lots Between Sales Orders and Purchase Orders

Lab: Marking

Module 5: Closing Inventory

This module discusses inventory closing and adjustment, that determines how you value your inventory and how adjustments can be made to inventory value. This module also examines the inventory closing process, from pre-closing checks to viewing item settlements and how to make adjustments before and after inventory closing is performed.

Lessons

• Pre-closing Actions
• Inventory Closing Procedure
• Inventory Recalculation
• Manual Inventory Adjustments
• Inventory Close Cancellation

Lab: Adjust Transactions

Lab: Recalculation

After completing this module, students will be able to:

Module 6: Inventory Costing and Adjustment Reports

This module introduces inventory costing and adjustment reports available in Microsoft Dynamics AX 2009.

Lessons

• Adjustment Report
• Fixed Receipt Deviation Report
• Physical Inventory by Item Group
• Physical Inventory by Dimension Group
• Inventory value Statement

Lab: Adjustment Settlement

After completing this module, students will be able to: