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Microsoft Dynamics AX 2012 R2 Financial Foundations

Victor Stehmann & Par AkerblomSenior Program ManagersMicrosoft Corporation

BRK326

Disclaimer© 2012 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries. Other names and brands may be claimed as the property of others.

Microsoft Dynamics AX 2012 R2 is a pre-release product under development. The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft. Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. All product release dates and features specified are preliminary based on current expectations, and are subject to change without notice. Microsoft may make changes to specifications and product descriptions at any time, without notice.

Sample code included in this presentation is made available AS IS. THE ENTIRE RISK OF THE USE OR THE RESULTS FROM THE USE OF THIS CODE REMAINS WITH THE USER.

MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION. NO LICENSE, EXPRESS OR IMPLIED, BY ESTOPPEL OR OTHERWISE, TO ANY INTELLECTUAL PROPERTY RIGHTS IS GRANTED BY THIS PRESENTATION. Microsoft products are not intended for use in medical, life saving, or life sustaining applications.

Contoso Food quiz Which US state grows cocoa beans commercially?

Which continent is the prime producer of cocoa beans?

Which country holds the world record for the longest skydive?

Session Focus

Shared financial data

Segmented reporting

More R2 financial foundation features

Account structures

Contoso – Austrian Food group

Sales in USProduction and sales in Austria

2 business units

AX 2012 R2 - TAP customer

Financial information & reporting

Segmented reportingEfficient setup

• Shared main account list

• Intraunit accounting

• Fixed dimensions

Correct accounting

Shared Data

Shared Financial Data

CurrencyChart of Accounts

Rate Type

Exchange Rates

Legal Entity

Ledger

Fiscal Calendar

Account Structures and Advanced Rules

Financial Dimensions

Legal Entity

Ledger

Contoso – Austrian Food group 2 legal entities – Vienna and Seattle Vienna manufactures and sells, Seattle

only sells 2 business units – Wafers and Pralines One chart of accounts


Challenge: Manufacturing reports by production line Sales reports by customer group AX 2012 required to maintain 2 COAs OR

unnecessarily show production line in Seattle

demo

R2 solution:Shared main account list

Account Structure 2012

DimensionAttribute

Name

KeyAttribute

ValueAttribute

BackingEntityType

DimensionHierarchyLevel

DimensionHierarchy (FK)

DimensionAttribute (FK)

Level

DimensionHierarchy

Name

ChartOfAccounts

Name

LedgerChartOfAccountsStructure

ChartOfAccounts (FK)


MainAccount


MainAccountId

Name

Type

Ledger


Account Structure 2012 R2

DimensionAttribute

Name

KeyAttribute

ValueAttribute

BackingEntityType

DimensionHierarchyLevel


DimensionAttribute (FK)

Level

DimensionHierarchy

Name

ChartOfAccounts

Name

LedgerStructure

Ledger(FK)


MainAccount


MainAccountId

Name

Type

Ledger



Challenge: 2 business units for segmented reporting Secure that accounting entries are

balanced for business unit

demoIntraunit Accounting

Intraunit in AX 2012 R2

Final

Preliminary

Source documentsNon-source documents

Accounting framework LedgerVoucher

Intraunit providers

Subledger journal entries

Voucher

Subledger journal entries

Voucher

Voucher General Ledger

Reporting and BI

More R2 features

Contoso – Austrian Food group Challenge: use the correct business unit

PRALINE whenever we deliver via limousine service

demo

Fixed financial dimension values

Source Documents

Project revenue

Travel requisition Expense

report

Free text invoice

Kanban job

Time card Paystub Bank statement

AX 2012AX 2012

R2

Product receipt

Vendor invoice

Purchase requisition

Purchase order

New Features In AX 2012 R2 Shared main account lists

Main account lists and account structures can be shared independently between ledgers

Intraunit accounting Balancing dimension for segmented reporting

Fixed financial dimension values For each main account you can designate default financial dimension

values as fixed values

3 new source documents Time card, Paystub and Bank statement

Account structures

demo

Dimension & accounting structures

Related Sessions BRK327 - Financial Reporting with

Dynamics AX 2012 BRK328 - DAX 2012 Accounts Receivable

and Accounts Payable BRK329 - Planning your Budget with

Dynamics AX 2012 R2 NTF304 – Dynamics AX 2012, Solution

design insights for financial management

Additional resourcesWhitepaper Shared financial data managementhttp://www.microsoft.com/en-us/download/details.aspx?amp;amp;displaylang=en&id=29211

Whitepaper Implementing the Account and Financial Dimensions Framework for Microsoft Dynamics AX 2012 Applicationshttp://download.microsoft.com/download/4/E/3/4E36B655-568E-4D4A-B161-152B28BAAF30/Implementing_the_Account_and_Financial_Dimensions_Framework_AX2012.pdf

GFM frameworks bloghttp://blogs.msdn.com/b/ax_gfm_framework_team_blog/

Related Content

http://www.microsoft.com/en-us/download/details.aspx?amp;amp;displaylang=en&id=29211




http://download.microsoft.com/download/4/E/3/4E36B655-568E-4D4A-B161-152B28BAAF30/Implementing_the_Account_and_Financial_Dimensions_Framework_AX2012.pdf



http://blogs.msdn.com/b/ax_gfm_framework_team_blog/

http://blogs.msdn.com/b/ax_gfm_framework_team_blog/

Top tips from this sessions

Share financials dataShare chart of account, but not necessarily account structures

Balance segmentsLeverage intraunit accounting to balances the accounting entries per dimension value

Ease entry of dimension valuesDesignate default financial dimension values as fixed values per main account

Distribute, preview, transfer and summarizeMore source documents have uptaken the framework

Secure the financial information Use account structures and fixed dimensions to secure correct financial information

© 2012 Microsoft Corporation. All rights reserved. Microsoft, Windows, and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.