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Microsoft Navision Job Costing

Course 8424: One days; Instructor-Led

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Introduction Introduction
Audience Audience
At Course Completion At Course Completion
Course Outline Course Outline
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Introduction

This one-day course is designed for students who are preparing to complete the Microsoft Navision Costing exam. This course describes the cost posting process, including capturing the actual costs and sales for a Job; the comparison of the Actual costs and sales to a Budget; and the reclassification of costs when the Work in Process (WIP) and Recognition Periodic Activities are utilized. The focus of this course primarily on processing activity and reviewing the posting results.


Audience

This course is intended for individuals on the implementation team, administrating or using the modules in Microsoft Navision. This audience typically includes individuals who will be implementing and assisting Navision users. Additionally, individuals responsible for training or supporting Microsoft Navision benefit from the course.


At Course Completion

After completing this course, students should be able to:

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Understand Microsoft Navision Jobs
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Understand Posting Group setups for Job Costing
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Complete Job Card and Job Budget setup
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Understand the Job Usage Posting flow and process
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Create Purchase Orders and Job Journals using Get Phase/Task/Step
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Understand the Job WIP Posting flow
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Complete the Job WIP Periodic Activities
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Understand the Job Sales Posting flow and process
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Create Sales Invoice using Get Job Usage
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Understand the Job Recognition Posting flow
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Complete the Job Recognition Periodic Activities
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Understand how to close a Job

Course Outline

Introduction

In this chapter, you will obtain an understanding of the various trainings Microsoft Business Solutions offers. In addition, there are definitions of the Microsoft Business Solutions Courseware Test Your Skills activities. This chapter is for students who are not participating in Instructor Led training and thus will not be covered in this class.

Chapter 1: Setup Operations

This chapter defines Jobs and describe the posting groups that must be set up in order to successfully utilize Job Costing. You will then create Job Cards and a Job Budgets, after having defined the fields on each respective form.

Lessons

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Overview of Jobs
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Definitions of the General Posting and Job Posting Setups required for using Job Costing
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Job Card Setup
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Job Budget Definitions
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Job Budget Setup

Exercises

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Create a new Job
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Create a new Job Budget
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Create Another Job and Budget

After completing this module, students should be able to:

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Understand the purpose of Jobs
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Understand the General Posting and Job Posting setup requirements
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Create Job Cards and Job Budgets

Chapter 2: Usage Posting

In this chapter you post job usage entries using Purchase Order and Job Journals, after having defined the fields on the Job Journal form. You then review the results of posting the Purchase Order and Job Journals. Finally, you review the updated job Actual to Budget comparisons report and window.

Lessons

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Recording Job Cost Overview
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Create a Purchase Order
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Define the fields on the Job Journal
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Create a Job Journal for Resources and G/L Expense
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Make corrections to entries posted with incorrect Phases, Tasks, and Steps
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Review the Purchase Order and Job Journal Postings
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Review the Job Actual to Budget Comparisons

Exercises

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Create a Purchase Order
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Create a Job Journal for Resources and Expense
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Create a Job Journal for Resources and Items

After completing this module, students should be able to:

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Understand the Job Usage Posting flow
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Create and post purchase orders for usage entries
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Create and post job journals for usage entries
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Define the job journal fields
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Understand how to correct unapplied or misapplied Phase/Task/Step codes
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Understand the results of posting the Purchase Order and Job Journal
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Understand the Job Actual to Budget comparisons

Chapter 3: WIP Posting and Review

This chapter defines the Job Work in Process (WIP) Periodic Activities, including Calculate WIP Value and Post WIP Value to G/L. You will run these two Periodic Activities and then view the results of running these batch jobs.

Lessons

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Job WIP of Costs Definition
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Job WIP Posting Flow
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Periodic Activities: Calculate Job WIP Value and Post Job WIP Value to G/L
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Review the WIP Posting
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Review the WIP Posting Breakdown
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Review the Job Actual to Budget Comparisons

Exercises

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Run the Calculate Job WIP Value Batch Job
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Run the Post WIP Value to G/L Batch Job and Review

After completing this module, students should be able to:

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Understand Job WIP
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Understand the Job WIP Posting flow
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Run the WIP Periodic Activities
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Understand how to review the WIP postings
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Understand the Job Actual to Budget comparisons

Chapter 4: Usage and Sales Posting

In this chapter you first complete posting the usage entries to the jobs created in previous chapters. Then you create a Sales Invoice to the job Customer using the Get Job Usage functionality. Posting the invoice creates job sale entries in the Job Ledger Entry; close the open usage entries in the Job Ledger Entry; and provide an invoice to be sent to the customer. You then review the results of posting the Job Journal and Sales Invoices. Finally, you review the updated job Actual to Budget comparisons report and window.

Lessons

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Post Remaining Usage
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Understand Sale Entries and the Sale Posting Flow
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Create a Sales Invoice using Get Job Usage
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Review the Job Journal and Sales Invoice Postings
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Review the Job Actual to Budget Comparisons

Exercises

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Create a Job Journal for Resources and Items
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Create a Sales Invoice
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Create Another Sales Invoice

After completing this module, students should be able to:

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Understand Sales Entries and the Sale Posting Flow
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Create a Sales Invoice using Get Job Usage
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Understand the results of posting the Job Journal and Sales Invoice
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Understand the Job Actual to Budget comparisons

Chapter 5: Job Recognition and Review

This chapter defines the Job Recognition Periodic Activities, including Calculate Job Recognition and Post Job Recognition to G/L. You will run these two Periodic Activities and then view the results of running these batch jobs. There will also be a short discussion of the choices of closing a job.

Lessons

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Job Recognition of Costs Definition
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Job Recognition Posting Flow
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Periodic Activities: Calculate Job Recognition and Post Job Recognition to G/L
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Review the Recognition Posting
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Review the Recognition Posting Breakdown
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Review Closing a Job

Exercises

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Run the Calculate Job Recognition Batch Job
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Run the Post Job Recognition to G/L Batch Job and Review

After completing this module, students should be able to:

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Understand Job Recognition
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Understand the Job Recognition Posting flow
•

Run the Recognition Periodic Activities
•

Understand how to review the Recognition postings



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