New Features in Financial Dimensions in Dynamics AX 2012
The financial dimensions gives more deep analysis for transactions occurred on General Ledger accounts where it gives Controllership an analytical view on transaction occurred on Expenses Account for example he/she can analyze account balance according to financial dimensions assigned to Ledger Account, the Financial Consultant should working on the requirements analysis, the design, and deployment of Financial dimension.
This article illustrates the main key enhancements developed in MS Dynamics AX 2012 Financial Management, and to make it easier to Application Consultants who are familiar with MS Dynamics AX 2009 Dimensions I have mentioned the functions in both versions, this article mainly focus on General ledger, Financial Dimensions functionality where it is one of the most critical areas in financial management and being a core part of the implementation.
Criteria |
MS Dynamics AX 2009 |
MS Dynamics 2012 |
| Master Data | Financial dimensions are three (Business unit, Department, and Purpose )in the standard installation, and the extra dimensions are limited to(maximum) 10 dimensions deployed through license key |
The financial dimensions are unlimited and free and deployed through framework |
| Modules master data (vendors, customers, items, fixed assets, and banks) are not linked to dimensions, should be managed manually or by customization | System defined dimensions are available to be directly linked to the sub ledger (sub module) master data | |
| The financial dimensions are independent of the ledger accounts | The financial dimensions brought more closely to the main account (ledger account), that brings the segment concept to main accounts | |
| Validation | The financial dimensions combinations with ledger accounts |
The financial combinations with main accounts is brought by Account structure, one step interface to assigned acceptable dimensions to main accounts |
| Transaction | Financial dimensions are assigned to ledger accounts during transaction level separately as well |
The financial dimensions are considered an extension of the main account |