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Microsoft Dynamics AX 2012 R3 Financial Management

You're reading from   Microsoft Dynamics AX 2012 R3 Financial Management Boost your accounting and financial skills with Microsoft Dynamics AX 2012 R3

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Product type Paperback
Published in Feb 2015
Publisher Packt
ISBN-13 9781784390983
Length 352 pages
Edition 1st Edition
Languages
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Author (1):
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Mohamed Aamer Ala El Din (USD) Mohamed Aamer Ala El Din (USD)
Author Profile Icon Mohamed Aamer Ala El Din (USD)
Mohamed Aamer Ala El Din (USD)
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Toc

Table of Contents (12) Chapters Close

Preface 1. Getting Started with Microsoft Dynamics AX 2012 FREE CHAPTER 2. Understanding the General Ledger 3. Understanding Cash and Bank Management 4. Understanding Accounts Payable 5. Understanding Accounts Receivable 6. Exploring Fixed Assets 7. Functioning of Cash Flow Management 8. Working with Cost Management 9. Exploring Financial Dimensions 10. Exploring Financial Reporting and Analysis Index

Configuring inventory costing


The configuration and setup of inventory costing are combined between the integrated modules of inventory and warehousing management, product information management, and financial controls. A collection of all types of setup is shown in the product master form, depicted in the following figure:

The blocks in the preceding figure are defined as follows:

  • Item model group: This identifies the inventory valuation method

  • Product dimension groups: This identifies the product's attributes

  • Product storage dimension groups: This identifies the product's location

  • Product tracking groups: This identifies the product's tracking information

Item model group

The main configuration and setup of inventory costing in Microsoft Dynamics AX is in Item model group, where we identify the inventory costing valuation method. For inventory model group, navigate to Inventory and warehouse management | Setup | Inventory | Item model group. Microsoft Dynamics AX 2012 R3 supports the following...

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