M8388: Navision V4.0 Inventory Costing

Prerequisites:

To successfully participate in the inventory costing course, participants must have passed the Microsoft Navision Essentials test or have equivalent experience with the Microsoft Navision application. Additionally, participants should have a background in distribution/logistics to understand the underlying principles of these businesses.

Course Description:

The focus of the two-day Inventory Costing course is to provide explanations of costing concepts and matters related to general inventory management concerned with the handling of goods purchased for resale in Microsoft Business Solutions-Navision®. This course has been designed to give the consultants and implementers of Navision with a focus on cost management a solid understanding of the principles and mechanisms on which the program is built. Based on this understanding, course participants develop confidence in how the program records and calculates all the relevant inventory costs.

This course is intended for Microsoft Certified Business Solutions Partners' employees selling, implementing, and supporting Microsoft Navision, with focus on financial management, inventory management, and distribution.

Please note: This course concentrates on the software features and functionality of Microsoft Navision related to Inventory Costing. It is not intended to teach consultancy of Business Processes or the planning and decision making steps required during an industry deployment of Microsoft Navision

This course includes the following modules:

Inventory Costing Overview

• Inventory Costs
• Inventory Accounting

Inventory Costing Principles in Microsoft Navision

• Accounting for Inventory in Navision

Inventory Costing Functionality

• Inventory Acquisition
• Cost of Goods Sold
• Inventory Transfers and Returns
• Inventory Adjustment
• Rounding

Inventory Valuation Functionality

• Inventory Valuation
• Posting Inventory Costs to the General Ledger
• Inventory Revaluation
• Physical Inventory

Setting Up Inventory Costing

• Inventory Costing Setup