Course Overview
This Digital Learning course provides students with the tools to set up the financial management application area. The focus is on the key financial functions within the organization such as the Cash Management, the management of VAT, Journal development and transactions, the General Ledger, and Receivables and Payables Management.
Topics covered in this eLearning course include:
Module 00: Introduction
Module 01: Financial Management Setup
Module 02: Chart of Accounts
Module 03: General Journals
Module 04: Cash Management - Receivables and Payables
Module 05: Cash Management - Bank Reconciliation
Module 06: Receivables and Payables Management: Payment Discount and Payment Tolerance
Module 07: Receivables Management: Reminders and Finance Charge Memos
Module 08: VAT
Module 09: Prepayments
Module 10: Year End Closing Processes
Module 11: Course Review
Resources:
Finance Essentials in Microsoft Dynamics NAV 2016 - Course Reference Materials
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Course Outline
Module 00: Introduction
Module 01: Financial Management Setup
Module 02: Chart of Accounts
Module 03: General Journals
Module 04: Cash Management - Receivables and Payables
Module 05: Cash Management - Bank Reconciliation
Module 06: Receivables and Payables Management: Payment Discount and Payment Tolerance
Module 07: Receivables Management: Reminders and Finance Charge Memos
Module 08: VAT
Module 09: Prepaym
Module 10: Year End Closing Processesents
Course Objectives
Setup General Ledger
Define Accounting Periods
Setup Chart of Accounts
Create and post journal entries
Review recurring journals
Create a bank account
Apply payments
Describe debit collections
Define check management
Reconcile payments
Process payments to include discounts
Set up and assign reminder terms and finance charge terms
Define VAT calculation types and calculate VAT
Transfer statement account balances
Setup prepayments
Close fiscal year
Pre-requisites
General knowledge of Microsoft Windows.
General accounting knowledge