IFRS for Microsoft Dynamics AX - 6 Gen

Key ERP RequirementsDynamics AX Functionality●●●●●●●ComponentizationGrouping of assets (Cash GeneratingUnits – CGU)Multiple valuations (different originalcost values, different depreciationexpense, etc.)Categorize as intangible, tangible, selfconstructed,etc.Identification of qualifying assetsGovernment Grants need to be trackedSubsequent Measurement of assets●●●●●●●●●●Parallel fixed asset sub-ledgersGrouping of assets possible (parent-child)Manual revaluation through FA JournalsGains/losses control by the users via postingaccount setupMany methods available to categorizeassets at a lower level of detail (GLconnection, field type, asset group, etc.)Depreciation rates by accounting principleStart and end dates for qualifying assets areavailable in projects moduleMultiple solutions for categorization (subasset functionality, major type attribute)Grants can be supported via negative valueasset functionalityAssets can be changed at any point in time(depreciation rate, write-down/write-up) atthe fixed asset sub ledger level24