Use cost accounting in Microsoft Dynamics 365 Business Central

Offered By: Microsoft via Microsoft Learn

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Microsoft Dynamics Courses Cost Accounting Courses Cost Allocation Courses

Course Description

Overview

Module 1: Do you need to use cost accounting in your company? This module can help you get started with cost accounting in Business Central. This module compares cost accounting with general ledger accounting, describes the typical cost accounting workflow, and explains the cost accounting setup.

By the end of this module, you will be able to:

Discern the major differences between cost accounting and general ledger accounting.
Explain the workflow in cost accounting.
Configure the cost accounting setup.

Module 2: Do you need to set up cost accounting master data in Business Central? This module will discuss how to set up cost types, cost centers, and cost objects.

By the end of this module, you will be able to:

Set up cost types.
Set up cost centers.
Set up cost objects.

Module 3: Do you want to know how to transfer general ledger entries to cost accounting in Business Central? This module explains the options and settings to help you create cost entries by transferring general ledger entries.

By the end of this module, you will be able to:

Identify the reasons for transferring general ledger entries to cost accounting.
Run the transfer manually.
Set up the automatic transfer.

Module 4: Do you want to know how to allocate costs in Business Central? This module explains the different options to set up allocation between cost centers and cost objects, starting with a demonstration of cost journals.

By the end of this module, you will be able to:

Allocate costs manually by using cost journals.
Understand the difference between static and dynamic allocations
Set up allocations between cost centers and cost objects.
Allocate costs.

Module 5: Do you want to know how to create cost accounting reports? If so, then follow this module to get an overview of the cost accounting reporting options in Dynamics 365 Business Central. This module starts with explaining cost budgets and then demonstrates how to create cost accounting account schedules.

By the end of this module, you will be able to:

Configure cost budgets.
Copy cost budgets.
Transfer budgets to actuals.
Create cost accounting account schedules.

Syllabus

Module 1: Get started with cost accounting in Dynamics 365 Business Central

Introduction - Cost accounting vs. general ledger accounting
Analyze workflow in cost accounting
Configure cost accounting setup
Check your knowledge
Summary

Module 2: Create cost accounting master data in Dynamics 365 Business Central

Introduction - Set up cost types
Set up cost centers
Set up cost objects
Exercise - Use cost accounting in Business Central
Check your knowledge
Summary

Module 3: Transfer general ledger entries to cost accounting in Dynamics 365 Business Central

Introduction to transfers
Set up the automatic transfer
Check the transfer result
Check your knowledge
Summary

Module 4: Allocate costs in Dynamics 365 Business Central

Introduction - Allocate costs manually by using cost journals
Set up allocations
Set up static allocations
Set up dynamic allocations
Allocate costs
Check your knowledge
Summary

Module 5: Create cost accounting reports in Dynamics 365 Business Central

Introduction - Configure cost budgets
Create cost accounting account schedules
Check your knowledge
Summary

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