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We're here to help you find itThe Microsoft Dynamics 365 Business Central: Introduction to Fixed Asset course provides an in-depth look into the management of fixed assets using the D365 Business Central platform. The course is structured into three comprehensive modules.
Module 1: Basic Overview introduces learners to fixed assets in D365, covering essential concepts and how to analyze asset data through reports and analytics tools. This foundational knowledge sets the stage for more advanced management techniques.
Module 2: Managing Assets delves into the practical aspects of handling fixed assets, including acquisition, maintenance, insurance, and procedures for asset transfer, splitting, or combining. It also covers the revaluation of fixed assets, ensuring that learners understand how to keep asset values up-to-date and reflective of their current worth.
Module 3: Disposal of Assets focuses on the end-of-life processes for D365 fixed asset management, such as depreciation, amortization, disposal, retirement, and budget management for assets. It also provides troubleshooting advice for fixed asset ledger entries.
The course prepares learners to effectively manage the entire lifecycle of fixed assets in Dynamics 365, from acquisition to disposal, providing essential skills for professionals overseeing company assets.
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To ensure that you can gain the most from the Microsoft Dynamics 365 Business Central: Introduction to Fixed Asset course, the following are the minimum required prerequisites:
These prerequisites are designed to ensure that you have a foundational understanding which will allow you to actively engage with the course content and apply the learned skills effectively within your role or organization.
This course offers comprehensive insights into managing fixed assets in Microsoft Dynamics 365 Business Central, ideal for finance professionals.
Target audience for the Microsoft Dynamics 365 Business Central: Introduction to Fixed Asset course:
This course provides a comprehensive introduction to managing fixed assets in Microsoft Dynamics 365 Business Central, covering acquisition, maintenance, insurance, revaluation, and disposal.
Fixed assets in D365 refers to the management of long-term tangible assets, like buildings or machinery, within the Dynamics 365 system. The module helps track the value, location, and depreciation of these assets over time. D365 fixed asset functionality includes purchasing, valuation, depreciation, and disposal processes, streamlining the handling and reporting of these key business resources, ensuring accuracy and compliance in financial reporting. This enhances strategic planning and financial accuracy by providing a clear picture of asset value and depreciation, crucial for financial health and operational efficiency.
Procedures for asset transfer, splitting, or combining in D365 Fixed Assets involve transferring ownership or location of assets, dividing a single asset into multiple units, or merging several assets into one. In D365, you typically use the Fixed Assets module to execute these processes by updating records to reflect new ownership details, recording split or combined asset states, and ensuring accurate financial tracking for depreciation and valuation purposes, while maintaining compliance with accounting standards. Each step is essential for accurate asset management and financial reporting.
Revaluation of fixed assets is a process in accounting where the value of fixed assets is periodically adjusted to reflect their current market value rather than their historical cost. This is crucial for accurate financial reporting and to ensure the asset values are aligned with their real worth. In systems like d365 fixed asset, this process can be managed efficiently. Fixed assets in d365 allow companies to track changes in asset values easily and ensure compliance with accounting standards. Revaluation helps in making informed financial decisions and maintaining the integrity of financial statements.
Depreciation in the context of fixed assets in D365, refers to the accounting process of allocating the cost of a tangible asset over its useful life. Dynamics 365 for Finance and Operations helps businesses manage this by providing tools that automate the depreciation process. Businesses can track depreciation automatically, ensuring accurate financial reporting and compliance with accounting standards. This feature is essential for understanding asset values over time and making informed financial decisions regarding asset management in D365.
Amortization is the process of spreading out a loan into a series of fixed payments over time. Each payment includes interest and a portion that reduces the loan's principal balance. Amortization also applies to spreading the cost of an intangible asset over its useful life, helping businesses manage expenses systematically. While amortization commonly refers to loans and intangible assets, the concept can also be relevant for fixed assets management solutions like D365 Fixed Asset, where the depreciation of tangible fixed assets is calculated over time, impacting financial statements and tax calculations.
Budget management for assets in D365 involves monitoring and controlling financial resources to ensure efficient usage of fixed assets. D365 Fixed Asset module helps in managing depreciation, asset transactions, and valuation, which is crucial for accurate budget forecasts and asset-related decision-making. Fixed assets in D365 facilitate detailed reporting capabilities, optimizing budget allocation and compliance with financial regulations. By tracking expenses and depreciations, organizations can enhance strategic investment planning and maintain fiscal discipline.
This course offers comprehensive insights into managing fixed assets in Microsoft Dynamics 365 Business Central, ideal for finance professionals.
Target audience for the Microsoft Dynamics 365 Business Central: Introduction to Fixed Asset course:
This course provides a comprehensive introduction to managing fixed assets in Microsoft Dynamics 365 Business Central, covering acquisition, maintenance, insurance, revaluation, and disposal.
