Roadmap for Cost Accounting

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.

Learn Define Maintain Perform

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)

Learn

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.

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Define

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.

Define a cost accounting policy for inventory

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Define a cost accounting policy for manufacturing products

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Define a cost accounting policy for indirect costs

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Define a cost allocation policy for overhead

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Maintain

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.

Maintain predetermined costs

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Maintain allocation for overhead

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Perform

Here’s what you need to do to calculate the inventory valuation and cost of goods manufactured.

Perform inventory accounting

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Perform product costing

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Perform variance analysis

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