Course 8389B: One day; Instructor-Led

Introduction

This one-day course explores the manufacturing costing functionality of Microsoft Business Solutions-Navision from a user's perspective. Modules in this hands-on classroom experience include functionality available in the standard edition of Microsoft Navision. Application functionality discussed in the course includes: calculation of standard costs, determination of inventory values, revaluation of inventory, and posting of inventory costs in a manufacturing environment. All material used in the Manufacturing Costing course is based on Release 4.00 of Microsoft Navision.

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Audience

This training material is intended for employees of Microsoft Certified Business Solutions Partners, implementing and supporting Microsoft Navision for Manufacturing, with a focus on inventory management. This audience typically includes application consultants who are tasked with assessing a customer's business needs and advising them on the use, configuration, and customization of the application. Additionally, employees of Microsoft-Subsidiaries who sell and support Microsoft Navision for Manufacturing also benefit from the course.

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At Course Completion

After completing this course, students will be able to:

•	Understand basic concepts and terms used in inventory accounting specific to manufacturing companies.
•	Understand inventory, capacity, and production order posting.
•	Set up cost elements and calculate standard costs.
•	Understand how costs incurred by manufacturing companies are accounted for.
•	Determine inventory values.
•	Post inventory costs to the general ledger.
•	Perform an inventory revaluation.
•	Use the standard cost worksheet to update standard costs.

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Prerequisites

To successfully participate in the Manufacturing Costing course or complete the training in the self-teaching manner, participants must have passed the Microsoft Navision Inventory Costing and Microsoft Navision Manufacturing tests or have equivalent experience with the Microsoft Navision application.

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Microsoft Certification exams

No Microsoft Certification exams are associated with this course currently.

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Course Materials

The student materials include a comprehensive workbook and other items necessary for this class.

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Introduction

Course Outline

This chapter describes the basic structure of the course provides additional information required by participants to successfully complete the course.

Chapter 1: Concepts and Terms

This chapter introduces basic concepts and terms commonly used in inventory accounting that are specific to manufacturers.

Lessons

•	Manufacturing Costs
•	Cost Accounting for a Manufacturer

After completing this chapter, students will be able to:

•	Understand the basic concepts behind the calculation of inventory value for finished goods.
•	Understand the valuation of cost objects in relation to their direct and indirect manufacturing costs.
•	Understand different types of manufactured inventory accounts.
•	Understand recorded transactions in the G/L accounts.
•	Understand different methods of standard cost calculations.

Chapter 2: Manufacturing Costing Principles

This chapter identifies the cost accounting aspects specific to a manufacturing environment and provides a general description of the principles employed by the program to handle these aspects.

Lessons

•	Accounting for Manufactured Inventory in Microsoft Navision

After completing this chapter, students are will be able to:

•	Understand how the program records quantity and value changes in entries.
•	Understand production order costing.

Chapter 3: Manufacturing Costing Functionality

This chapter explains in detail the functioning of the manufacturing cost accounting mechanism in Microsoft Navision.

Lessons

•	Manufacturing Costs
•	Production Order Costing
•	Inventory Valuation
•	Posting Inventory Costs to the General Ledger
•	Inventory Revaluation

After completing this chapter, students will be able to:

•	Set up the different cost elements of standard cost.
•	Calculate standard cost on single and multi-level.
•	Understand costing for purchase of raw material and its influence on inventory.
•	Understand costing for production and its influence on inventory.
•	Handle special manufacturing situations like using non-inventory items or by-products.
•	Handle subcontract operations.
•	Calculate the WIP inventory value.
•	Post inventory costs to General Ledger.
•	Revalue the WIP inventory.

Chapter 4: Standard Cost Worksheet

This chapter describes the benefits and functionality of the standard cost worksheet.

Lessons

•	Using the Standard Cost Worksheet

After completing this chapter, students will be able to:

•	Update costs at the component and capacity levels.
•	Consolidate and roll up component and capacity costs.
•	Implement the cost update for standard cost and inventory value.