Financial Year End Processing

Microsoft Dynamics NAV: Finance Year End Processing

eDM Financial Year End Processing

Module 1: Adjust Currency

This module is to explain how to process adjust exchange rate.

Lessons:

1. Processing of adjust Exchange Rates

Lab:

1. Update Exchange Rate
2. Adjust Exchange Rates

Module 2: financial report

This module is to explain reports that user can use to verify the accuracy of the accounts before closing the books at the end of a year or period

Lessons:

1. Generate and preview Financial reports
   1. Trial Balance
   2. Income Statement
   3. Balance Sheet
   4. Journal Listing
   5. Sales Apply Entry
   6. Purchase Apply Entry
   7. Aged Receivable
   8. Aged Payables
   9. Inventory Valuation
   10. FA Book Value 01

Lab:

– NA

Module 3: Year end closing procedures

This module is to explain the closing procedures.

Lessons:

1. Closing a Fiscal Year
2. Processing of Close Income Statement

Lab:

1. Close a Fiscal Year
2. Close Income Statement

Module 4: Accounting Period

This module is to explain the accounting period.

Lessons:

1. Create new accounting period

Lab:

1. Create new Fiscal Year

After completing this module, students will be able to:

1. Describe how to run the Adjust Exchange Rate batch job for customers, vendors and bank accounts.
2. Describe how to run the Adjust Exchange Rates batch job for G/L accounts.
3. Describe how to view the Exchange Rate Adjustment Register
4. Generate financial reports from system.
5. Close the accounting periods for the fiscal year.
6. Explain and run the Close Income Statement batch job process.
7. Complete the closing process by posting the general journal.
8. Create a new fiscal year.

pre-requisition:

1. Basic NAV Financial Module Knowledge
2. Bring own Notebook
3. Accounting Knowledge

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