Hands-on Lab: Transactions and Accruals 2-1 HANDS-ON LAB 2: TRANSACTIONS AND ACCRUALS Objectives The objectives are: • Create cost transactions • Create service transactions • Create accruals Introduction The objective of this Hand-on Lab (HOL) is to help you learn how to create cost transactions, service transactions, and accruals using the journals of the Cost accounting module in Microsoft Dynamics AX 2012. Lab time: 30 minutes. Prerequisite Knowledge To successfully complete this HOL, you will need to have a general knowledge about the user interface in Microsoft Dynamics AX 2012. Additionally, you must have an understanding of using the principles and mechanics of Cost accounting management in Microsoft Dynamics AX 2012. Cost Accounting Transactions and Accruals Transactions created in Microsoft Dynamics AX 2012 Cost accounting are primarily created for corrective purposes while most postings are derived from General ledger, Production, or Project modules. In Cost accounting, you can work with two types of measurement: cost and quantity. For measuring costs, there are the following three types of transactions that you can create: • Cost transactions – These transactions are created to post internal calculations or corrections of postings coming from General ledger. • Calculation transactions – These transactions are used to distribute or allocate costs. Cost distributions are used to distribute costs that are posted with or without a dimension, to other dimensions, or on the same cost category. Allocations are used for allocating cost amounts that are posted with dimension to other dimensions, and on another cost category. Cost rate calculations are used to calculate cost rates from actual, budget, basic plan, flexible plan, and target costs
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