tailieunhanh - Financials I in Microsoft Dynamic AX 2012 - Chapter 2: Chart of accounts setup

In this chapter, the learning objectives are: Create, edit, close, or delete Main account categories; create a new account in the Chart of Accounts; define main account information; define administration information for the main chart of accounts; define setup information for the main chart of accounts;. | Chapter 2: Chart of Accounts Setup CHAPTER 2: CHART OF ACCOUNTS SETUP Objectives The objectives are: • Create, edit, close, or delete Main account categories • Create a new account in the Chart of Accounts (COA) • Define main account information • Define administration information for the main chart of accounts • Define setup information for the main chart of accounts • Set up account structures • Set up advanced rules • Create a ledger • Set up accounts for automatic transactions • View inquiries and reports related to the Chart of Accounts Introduction A Chart of Accounts is a set of main accounts tracked by Microsoft Dynamics AX®. It captures financial information to make good financial decisions. Each account is assigned an account number as a unique identifier. Each main account contains the account structures used by the chart of accounts to define the valid combinations of main accounts and financial dimension values. The chart of accounts is shared and is a list of main accounts and account structures that define a chart of accounts in use by one or more ledgers. Additionally, different allocation terms can be set up for an account to distribute the amount to several accounts and account-dimension combinations, and system accounts help users handle automatic postings. The Chart of Accounts Setup course also shows all the reports and inquiries related to the Chart of Accounts. Microsoft Official Training Materials for Microsoft Dynamics® Your use of this content is subject to your current services agreement 2-1 Chapter 2: Chart of Accounts Setup Main Account Categories Main account categories can be used to better classify a general ledger account. Use main account categories primarily for grouping or selection of ledger accounts for Cubes and Key Performance Indicators (KPI's). By default, over fifty ledger account categories are provided. Scenario Phyllis, the Accounting Manager, wants to include the Current Ratio on .