Roadmap for Cost Accounting
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 R3
This topic provides a set of resources for structured learning of cost accounting in supply chain management in Microsoft Dynamics AX 2012. The topics and resources listed here provide background and conceptual information to help you learn about cost accounting.
Cost accounting is used to measure and report financial information that is related to an organization’s acquisition, consumption, and use of resources. In particular, cost accounting in Microsoft Dynamics AX 2012 lets you plan, manage, and track costs for inventory, manufactured goods, and overhead. With Microsoft Dynamics AX 2012, you can use a normal costing method and a standard costing method to plan and manage costs.
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![]() Microsoft Dynamics AX 2012 R3 Cost Accounting Help (article) Microsoft Dynamics AX 2012 R3 Supply Chain (blog) Microsoft Dynamics AX 2009 White Paper: Cost Management (white paper) Microsoft Dynamics AX 2009 White Paper: BOM Calculations Using Costing Sheet (white paper) Microsoft Dynamics AX 2009 White Paper: Standard Cost Conversion Guide (white paper) |
Here’s what you need to do before you deploy and configure cost accounting. These topics will help you learn about the new features for Microsoft Dynamics AX 2012.
Task |
Videos and topics |
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Learn about what’s new in cost accounting |
Microsoft Dynamics AX 2012 R3 Inventory aging report (video) Microsoft Dynamics AX 2012 R3 – Price compare report (video) |
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Here’s what you need to do to define a cost accounting policy to comply with the accounting policy that is used in your organization. You will also learn what you need do to define a structure to make sure that costs and revenues can be captured and allocated between cost centers and profit centers.
Task |
Topics |
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Understand the inventory valuation process |
About physical and financial updates |
Understand the inventory valuation method |
About FIFO with physical value and marking About LIFO with physical value and marking About LIFO Date with physical value and marking |
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Task |
Topics |
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Understand cost information that pertains to manufacturing products |
Set up production control parameters About cost categories used in production routings |
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Topics |
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Define rules for calculating indirect costs |
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Task |
Topics |
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Define rules for allocating overhead |
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Here’s what you need to do to set up, create, and maintain predetermined costs as well as allocation for overhead. You will also learn how to maintain cost and revenue forecasts that can be used in the predetermined cost calculation.
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Task |
Topics |
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Learn about the allocation process |
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Create rules for allocating overhead |
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Learn how to budget for overhead |
About cost accounting budgeting |
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Here’s what you need to do to calculate the inventory valuation and cost of goods manufactured.
Task |
Topics |
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Perform inventory valuation |
Adjustment of on-hand inventory (form) Inventory transaction posting (form) |
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Task |
Topics |
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Calculate the cost of goods manufactured |
About estimated costs for a production order |
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Task |
Topics |
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Analyze the difference between actual costs and standard costs |
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