Course 8384: 2.5 days; Instructor-led
On This Page
Introduction
The 2.5-day Microsoft Business Solutions–Navision Financial Series I course explores activities required to handle key financial functions within the organization such as the development of Posting Groups and Dimensions, the management of VAT, Journal development and transactions, the General Ledger and Receivables and Payables Management.
Audience
Customers wishing to learn the basic features and to develop a working knowledge of the typical day-to-day procedures required to effectively use Microsoft Navision Financials Series I activities.
The class is targeted toward financial and accounting individuals and others in organizations that are responsible for the setup, administration, and execution of financial and accounting activities, policies and procedures.
At Course Completion
After completing this course, students should understand:
| • |
Develop and use Posting Groups |
| • |
Set up and utilize Dimensions |
| • |
Manage VAT accounting and reporting |
| • |
Use Journals and Batches |
| • |
Maintain and work with the General Ledger |
| • |
Understand Receivables Management |
| • |
Understand Payables Management |
Prerequisites
Before attending this course, students must have:
| • |
General knowledge of Microsoft Windows |
| • |
The ability to use Navision financials for financials processing |
In addition, students should have:
| • |
Basic knowledge of accounting principles and procedures |
Course Outline
Introduction
This chapter gives students a general overview of the Microsoft Navision Financial Series I training course.
Main Topics
| • |
Introduce students to the Microsoft Navision Financial Series I training course |
| • |
Class guidelines and administrative details |
After completing this chapter, students should be able to:
| • |
Understand the purpose of the Financial Series I training course |
| • |
Understand class guidelines and details |
Chapter 1: Posting Groups
This chapter focuses on the purpose and function of posting groups. The chapter explains how to set up and use posting groups.
Main Topics
| • |
Specific Posting Groups |
| • |
General Posting Groups |
| • |
General Posting Setup |
| • |
VAT Posting Groups |
| • |
Determining Posting Groups |
| • |
Posting Transactions to the General Ledger |
Labs
| • |
Create a New Porduct Posting Group |
| • |
Set up a New General Posting Setup |
| • |
Create New VAT Posting Groups |
After completing this chapter, students should be able to:
| • |
Understand and use Specific Posting Groups |
| • |
Understand and use General Posting Groups |
| • |
Set up Posting Groups including VAT groups |
| • |
Determine how to group the different Posting Groups |
| • |
Understand the Chart of Account impact of Posting Groups and transactions |
Chapter 2: Dimensions Setup
This chapter demonstrates how to use dimensions and develop and set up dimensions.
Main Topics
| • |
Dimensions and Dimension Values |
| • |
Dimension Combinations |
| • |
Default Dimensions |
| • |
Default Dimension Priorities |
Labs
| • |
Mapping Intercompany Dimensions |
| • |
Creating Single Default Dimensions |
| • |
Default Dimensions |
| • |
Creating Dimensnios for Use in Documents |
After completing this chapter, students should be able to:
| • |
Create new Dimensions |
| • |
Create Dimension Values |
| • |
Understand how Dimensions can be used in Consolidation |
| • |
Understand and demonstrate Dimension combinations |
| • |
Develop Default Dimensions |
| • |
Understand Multiple Dimensions |
| • |
Understand Dimension priority |
Chapter 3: VAT & Intrastat
This chapter discusses how to set up VAT posting groups and how to manage VAT activity and reporting.
Main Topics
| • |
VAT Setup |
| • |
Manual VAT Calculations in Journals |
| • |
VAT Calculations in Sales and Purchase Documents |
| • |
Import VAT |
| • |
VAT Corrections |
| • |
VAT Reporting |
| • |
VAT Settlement |
| • |
Unrealized VAT and Payment Discount VAT Adjustments |
| • |
Intrastat Reporting |
Labs
| • |
Create New VAT Posting Groups |
| • |
Manually Calculate VAT |
After completing this chapter, students should be able to:
| • |
Use VAT Posting Setup |
| • |
Set up VAT Posting Groups |
| • |
Do manual VAT Calculations in Journals |
| • |
Show VAT calculations on Sales and Purchase documents |
| • |
Record/Post Import VAT |
| • |
Demonstrate VAT corrections |
| • |
Understand VAT reporting |
| • |
Demonstrate VAT settlement |
| • |
Process unrealized VAT |
| • |
Adjust VAT for payment discounts |
| • |
Understand Intrastat reporting |
Chapter 4: Journals
This chapter focuses on the structure of Journals and Batches, Recurring Journals, and posting corrections with Journals.
Main Topics
| • |
Journals and Batches |
| • |
Recurring Journals |
| • |
Posting Corrections in General Journals |
Labs
| • |
Create a Journal Entry |
| • |
Create and Post Recurring Journals |
| • |
Working with Recurring Journals Using the Balance Method |
| • |
Posting correction Journals |
After completing this chapter, students should be able to:
| • |
Understand the structure of Journals, Batches and Lines |
| • |
Create a Journal Template |
| • |
Create a Journal Batch |
| • |
Create and Post Journal Entries |
| • |
Understand and use Recurring Journals |
| • |
Use General Journals to post corrections |
Chapter 5: General Ledger
This chapter covers General Ledger setup, the Chart of Accounts, and the set up of Bank Accounts and Budgets.
Main Topics
| • |
General Ledger Setup |
| • |
The Chart Of Accounts |
| • |
Banking |
| • |
Budgets |
Labs
| • |
Create a New Revenue Account |
| • |
Create a New Bank Account |
| • |
Create a Copy a Budget |
After completing this chapter, students should be able to:
| • |
Understand the General Ledger Setup Card |
| • |
Understand and maintain the Chart of Accounts |
| • |
Setup new Bank Accounts |
| • |
Reconcile the bank account |
| • |
Setup and work with Budgets, copy and export |
Chapter 6: Receivables Management
This chapter discusses the basics of managing customer sales accounts and cash application.
Main Topics
| • |
Analyzing Receivables |
| • |
Applying Customer Ledger Entries |
| • |
Applying Customer Ledger Entries in Foreign Currencies |
| • |
Unapplying Customer Ledger Entries |
| • |
Reversal Of Journal Postings |
| • |
Payment Discounts |
| • |
Payment Tolerances |
| • |
Reminders and Finance Charge Memos |
Labs
| • |
Analyzing Receipts and Exchanges |
| • |
Manually Apply Cash Receipts |
| • |
Unapply and Reverse Transactions |
| • |
Payment Discount |
| • |
Payment Tolerance |
| • |
Create Reminders and Finance Charge Memos |
After completing this chapter, students should be able to:
| • |
Understand detailed customer ledger entries |
| • |
Analyze receivables accounts |
| • |
Use the Cash Receipts Journal to apply cash |
| • |
Understand how to handle partial payments and foreign currencies |
| • |
Make corrections by Unapplying customer ledger entries |
| • |
Reverse Journal postings |
| • |
Understand and work with payment Discounts |
| • |
Understand and work with payment Tolerances |
| • |
Understand and work with Reminders and Finance Charge Memos |
Chapter 7: Payables Management
This chapter explains the basics of controlling payments to your suppliers.
Main Topics
| • |
Payment Journals |
| • |
Payment Discounts |
| • |
Voiding Checks |
| • |
Unapply Vendor Ledger Entries |
| • |
Reversal of Vendor Journal Postings |
Labs
| • |
Extensing a Payment Discount |
| • |
Suggest Payments and Re-Print Checks |
| • |
Unapply Entry |
| • |
Reversal of Journal Posting |
After completing this chapter, students should be able to:
| • |
Use Payment Journals, both manual and Suggest Vendor Payments feature |
| • |
Work with partial payments |
| • |
Understand Payment Discounts |
| • |
Understand how to void checks, posted and not posted |
| • |
Unapply vendor ledger entries |
| • |
Reverse journal postings |
|
