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Aamer M. - Microsoft Dynamics AX 2012 R3 Financial Management

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Packt Publishing, 2015. 306 p. ISBN-10: 1784390984, ISBN-13: 978-1-78439-098-3.
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.Microsoft Dynamics AX 2012 R3 Financial Management book covers the main characteristics general ledger and its integration between other subledgers (Accounts payable, Accounts receivable, fixed assets, cash and bank management, and inventory). It also covers the core features of main accounts, the categorization accounts, and its controls, along with the opening balance process and concept, and the closing procedure.It then discusses subledgers functionality (Accounts payable, Accounts receivable, fixed assets, cash and bank management, cash flow management, and inventory) in more details by walking through the master data, controls, and transactions and its effects on the general ledger.It explores financial reporting that is one of the basic implementation corner stone. The main principles for reporting are reliability of business information and the ability to get the right information at the right time for the right person. Reports that analyze ERP data in an expressive way represent the output of the ERP implementation; it is considered as the cream of the implementationthe next level of value that solution stakeholders should target for. This ultimate outcome results from building all reports based on a single point of information.

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Microsoft Dynamics AX 2012 R3 Financial Management

Table of Contents
Microsoft Dynamics AX 2012 R3 Financial Management

Microsoft Dynamics AX 2012 R3 Financial Management

Copyright 2015 Packt Publishing

All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, without the prior written permission of the publisher, except in the case of brief quotations embedded in critical articles or reviews.

Every effort has been made in the preparation of this book to ensure the accuracy of the information presented. However, the information contained in this book is sold without warranty, either express or implied. Neither the author, nor Packt Publishing, and its dealers and distributors will be held liable for any damages caused or alleged to be caused directly or indirectly by this book.

Packt Publishing has endeavored to provide trademark information about all of the companies and products mentioned in this book by the appropriate use of capitals. However, Packt Publishing cannot guarantee the accuracy of this information.

First published: November 2013

Second edition: February 2015

Production reference: 1090215

Published by Packt Publishing Ltd.

Livery Place

35 Livery Street

Birmingham B3 2PB, UK.

ISBN 978-1-78439-098-3

www.packtpub.com

Credits

Author

Mohamed Aamer

Reviewers

Marco Carvalho

Jnos Molnr

Wendy Rijners

Syed Muhammad Sajid

Commissioning Editor

Usha Iyer

Acquisition Editor

Subho Gupta

Content Development Editor

Ritika Singh

Technical Editors

Krishnaveni Nair

Rikita Poojari

Humera Shaikh

Copy Editors

Shivangi Chaturvedi

Deepa Nambiar

Vikrant Phadke

Project Coordinator

Judie Jose

Proofreaders

Simran Bhogal

Ameesha Green

Paul Hindle

Joanna McMahon

Indexer

Monica Ajmera Mehta

Graphics

Sheetal Aute

Production Coordinator

Conidon Miranda

Cover Work

Conidon Miranda

About the Author

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.

Acknowledgments

My sincere thanks go to all people who directly/indirectly taught, guided, supported, and advised me to build my personal profile; I am doing my best to improve myself. The following acknowledgments are for people who had a massive impact on my career; I'd like to thank all of them, though I cannot thank them enough.

I dedicate this book to the memory of my father and my Uncle, Hamza; both of them invested seed of concepts and beliefs in my brother and me, and now we are harvesting the fruits of this. My father always told me, "I believe in you; when you say you can do, you achieve more than what you target. Just focus." My uncle, Hamza, told me after my graduation, "You just met your lifetime teacher who will guide you through your entire life."

My older brother, Ramy, who inspired me, gave me more than his time, efforts, tons of daily advice, coaching, and led me to the right path. He always supports and encourages me. He is my mentor; Ramy put me on the Information Technology track and gave me the chance to choose the right field to pursue. He helped me finish college and convinced me to attend the first e-commerce seminar in the Middle East; this was the first spark. I consider Ramy as my source of energy.

I would like to thank my mother for her support and prayers.

I would also like to thank my wife, who has given up so much of our personal life during the development of my career; I cannot thank her enough for that.

Thanks to Dr. Salah ElKashef, who is a training and e-learning consultant and founder of ElKashef E-Learning University. Salah is my first instructor who introduced e-commerce to me in 2002 and helped me to become a certified e-commerce consultant before my graduation. He helped me by directing my career to Information Technology management.

I would like to thank Shaimaa Farid, who is an IT administrator at the Alexandria Trust. I have worked with Shaimaa as an application consultant for Microsoft Dynamics RMS; she is the one who provided me with information about the Microsoft Dynamics AX scholarship in 2008. Shaimaa has given me a lot of support and encouragement to focus on my career as a consultant. She is one of the best customer-oriented people I have worked with.

Thanks to Mohamed Samy, who works as a solution architect. He is the one who introduced me to the community as a speaker for Cairo Code Camp; I used to deliver sessions with him as a copresenter, evangelizing Microsoft Dynamics AX and Microsoft Dynamics Sure Step to the Egyptian community. He predicted that I will become an AX MVP. Mohamed is a very talented IT geek with unique creative solutions; I enjoy our community activities together.

I would also like to thank Ahmed Kazem, cofounder and CTO of Lamartica. Ahmed is an artistic developer; he can learn any technology in a very short time. He develops, maintains, and supports my blog technically. I have never met a smart and gifted developer like him.

Thanks to Ahmed Aboulmagd, who is a technical evangelist at Windows Phone Microsoft. Ahmed used to manage and schedule the Microsoft Dynamics AX and Microsoft Dynamics Sure Step sessions with Microsoft Student Partner (MSPs); I believe we did a good job, especially when we saw some students joining that field.

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