Ms Dynamics AX 2009 General Ledger Setup Objectives

Ms Dynamics AX 2009 General Ledger Setup Objectives | Ms Dynamics AX 2009 General Ledger Setup of Set up Currencies Process | Ms Dynamics AX Currencies Exchange Rates Process details are given below...........

The objectives are:

• Set up Currencies and Exchange Rates

• Create Periods in a new fiscal year

• Create Date intervals

• Create, modify, and delete reason codes

• Create a Dimension Value

• Create a Dimension Focus

• Set up allocation rules

• Contrast the various allocation methods

Set up Currencies Process:

Procedure: Create a Currency Follow these steps to set up a currency

1. To access the Exchange rates form, click General ledger, click

Setup, and then click Exchange rates.

2. Press CTRL+N to create a new record.

3. Enter the currency code in the Currency field on the Overview tab.

This field can only contain up to three characters. Currency code

examples include USD for U.S. dollar, EUR for Euro, and CAD for

Canadian dollar.

4. Enter the currency name in the Name field. The currency name

appears on printed checks and should be descriptive, such as U.S.

dollars, Danish kroner, or Swiss francs.

5. Enter the ISO currency code in the ISO currency code field. The

ISO currency code is provided by the International Organization for

Standardization.

6. Enter a symbol for the currency in the Symbol field to add clarity to

reports and inquiries. Because some currencies do not have a

symbol, this field is not required.

Set up Exchange Rates Process:

Procedure: Select Exchange Rate Units Follow these steps to set the number of units.

1. To access the General ledger parameters form, click General

Ledger, click Setup, and then click Parameters.

2. From the Ledger tab, select the number of units the exchange rate

system is based on in the Express exchange rate field.

Typically the system is based on either one unit or 100 units. If the

Express exchange rate field is set to 100 units, the exchange rate

should specify the equivalent of 100 units of the foreign currency.

For example, if the company currency is U.S. dollars and the foreign

currency is Canadian dollars, the exchange rate should specify how

many U.S. dollars equal 100 Canadian dollars.

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