Microsoft Dynamics NAV Compliance

Enhance accounting processes and controls to aid compliance
Growing companies face increasing financial accounting challenges each year. Depending on industry, markets, geographic location, and financing needs, an organization may be subject to local generally accepted accounting principles (GAAP) and one or more of:
• The Sarbanes-Oxley Act (SOX), a U.S. law passed in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.
• The International Financial Reporting Standards section of the European Union’s International Accounting Standards (IAS/IFRS), which went into effect in 2005 and sets forth international accounting standards for recognition, measurement, consolidation, and reporting.
• The New Basel Accord (Basel II), enacted in 2006 to address issues of financial institution risk and to promote greater stability in the overall financial system.

Enhance good practices with technology
Compliance depends not only on accurate information and appropriate accounting processes, but also on the people who set up and administer those processes. An effective business management solution can facilitate compliance by helping to manage valid and accessible information through transparent processes that have been set up in compliance with industry and regulatory standards.

Realize the benefits of an integrated business management solution
Microsoft Dynamics NAV delivers real-time, integrated operational and financial information from across your organization, so you can:
• Track financial data through custom account schedules for cash flow, revenues, balance sheets, fixed assets, capital structure, key performance indicators, and more.

• Help safeguard accuracy with role-based security and configurable application controls that prevent invalid or duplicate data entry.

• Quickly and easily generate financial reports in accordance with applicable regulatory standards.

• Maintain comprehensive audit trails with drill-down and drill-around functionality and change logs.
Manage compliance to the standards that matter
Deliver integrated information, aligned processes, and easy-to-use tools to help your people meet the financial management expectations and standards that matter to your specific business.

Tailor account schedules to your needs
• Define the structure of your company’s chart of accounts based on business requirements and applicable regulatory standards.

• Create accounts and handle complex processes related to a spectrum of business activities, including inventory valuation, foreign currencies, segment reporting, and departures from local GAAPs.

• Control the level of detail for each recorded transaction and select detailed registration for specific types of transactions, such as fixed assets and accounts payable.

• Tailor schedule calculations and display for financial reporting, or export the information to Microsoft® Office Excel® for further analysis.

Improve information validity
• Configure data fields to accept only information in the correct format, such as the correct number of decimal places or alphanumeric patterns.

• Help ensure information is complete with application controls such as requiring a vendor invoice number to be entered before a purchase order can be posted.

• Reduce the risk of inaccurate information or tampering and help protect sensitive information with access to information based on job role.

• Prohibit access, provide read-only access, or enable full-access users to add, edit, or delete information.

• Easily identify and resolve discrepancies with a reconciliation feature that retrieves current bank account and transaction information and compares it to general ledger posts.

• Schedule manual or automatic backups to help protect information from electronic failures.

Sarbanes-Oxley: Validating Data and Processes The Sarbanes-Oxley Act establishes standards for all U.S. public company boards, management, and public accounting firms, including evaluation and disclosure of the adequacy of the company’s internal controls over financial reporting. Documenting and testing critical manual and automated controls represents a huge commitment of time and resources for companies. Microsoft Dynamics NAV is especially suited for subsidiaries of larger organizations, and can help support small to mid- sized businesses in complying with Sarbanes-Oxley.

Comply quickly with discovery requests and reporting demands
• Save time when you create standard reports that use common business parameters and criteria to satisfy typical reporting needs, ranging from order summaries to aging accounts receivable.

• Perform complex reviews with basic or advanced business analytics functionality.

• Create reports and displays using an interface similar to that of the familiar Microsoft Office Outlook®.

• Speed transmission of financial information to customers, shareholders, regulatory agencies, and the public with XML-based XBRL documents that support the exchange of financial information across different software and technologies, including the Internet.

Help ensure clear audit trails
• Trace documents and information both forward and backward through the system, from the original source to final financial statements and back.

• Identify how, when, and by whom information was entered or edited, and to what account financial entries have been posted.

• Look up database changes, including previous and revised data, in the solution’s Change Log.

• Increase audit trail transparency and usability, and speed information access for third-party auditors with drill-down, look-up, filtering, register, and navigation

IAS/IFRS: Recognition and Measurement Standards
Depending on the local GAAPs currently in use, one of the major recognition and measurement changes for IAS/IFRS is extended use of fair-value principles instead of historical cost. Microsoft Dynamics NAV can help companies calculate fair-value and net present value (NPV) concepts, which are focused on current and expected cash flow streams rather than historical purchase price. On the reporting side, it can provide segment reporting by business unit and geographical location.

Basel II: Implications for Reporting and Analysis Basel II, developed by the Bank for International Settlements, helps ensure safety and security in the financial system in three key areas: minimum capital requirements, supervisory review process, and market discipline. Although the accord applies to financial institutions and does not target small and mid-sized businesses, Basel II may have some implications for these organizations in reporting and analysis.

“The ability to customize reports has been tremendous. That’s what most impresses us about Microsoft Dynamics NAV: the ability to customize reports in compliance with federal reporting requirements.” —James Pratt, Controller, Muscogee Creek Nation

Industry software for Microsoft Dynamics AX

Drive innovation faster with a standard solution that fits your industry needs

Microsoft Dynamics AX delivers a rich industry foundation on which partners build packaged vertical applications to help you improve your ability to cope with individual market dynamics. These strong industry capabilities deliver breakthrough innovation for organizations in key industries—manufacturing, distribution, retail, services, and the public sector.

News!
To accelerate this road map, Microsoft has acquired deep industry functionality for manufacturing, retail, and services, so these industry capabilities are now at the core of a single, standard solution.

This single, standard platform makes it easier to implement, maintain, and upgrade Microsoft Dynamics AX industry software, resulting in significantly lower total cost of ownership. For example, vertical templates, part of the Microsoft Dynamics Sure Step implementation methodology, simplify and speed up implementation while helping to ensure you can meet the demands of your specialized business.

Mark Holt, IT Manager for Cayman Chemical says this about his company’s decision to run a Microsoft Dynamics AX industry solution:

“We choose Microsoft Dynamics AX with the process manufacturing solution from Fullscope over Oracle and SAP because Microsoft’s industry solution enabled a better fit with our business processes instead of dictating a fixed set of industry practices. Microsoft’s move to add industry solutions directly in to Microsoft Dynamics AX provides a predictable industry road map allowing partners to focus on the vertical solutions that can keep pace with the rate of innovation.”

Manufacturing

Support discrete and process manufacturing environments with a single solution for greater flexibility and growth.

Apparel and textile
Process industries

Distribution

Identify market trends for effective demand planning and peak performance.

Advanced Demand Management

Retail

Manage retail products, processes, and relationships for greater profitability.

Retail Chain Manager

Services

Increased profitability and unmatched client service for firms providing services such as accounting, legal and management consulting firms.

Professional Services 

www.pargesoft.com Microsoft Dynamics AX Global Partner

Technorati Etiketleri: Microsoft Dynamics AX, Dynamics AX 2009, AX 2009, Retail Chain Manager ERP, Professional Services ERP, Distribution ERP, Manufacturing ERP, ERP, MRP, Microsoft ERP, ENG, Microsoft Dynamics AX 2009

Supply Chain Management in Microsoft Dynamics AX 2009

Streamline and automate business processes throughout the supply chain to improve planning, optimize inventory levels, reduce costs, and respond quickly to changes in customer and supplier demand. Supply Chain Management in Microsoft Dynamics® AX 2009 connects sales and purchasing processes with logistics, production, and warehouse management to provide real-time visibility throughout the supply chain. With the ability to integrate external business processes and support application-to-application connectivity, you can improve supply and demand planning to optimize inventory levels and increase reliability rates for execution and delivery. In addition, you can help simplify government and corporate compliance commitments by defi ning custom business rules and workfl ows based on risk scenarios.

Gain insight throughout the supply chain using your Role Center.

Empower people to work fast and smart with Role Centers that organize relevant tasks, information, and tools in a personalized view. Supply chain managers can gain deep insight into customer and supplier account data, pricing, trade agreements, and inventory with access to RoleTailored reports and custom data cubes. Warehouse managers can easily access tools to help them optimize item storage based on location types, space, pallet heights, and temperature requirements.

BENEFITS
• Improve customer service. Enhance the security and reliability of deliveries with the global available-to-promise (ATP) view, which provides delivery alternatives in the event of unexpected disruptions. Automate sales and purchasing processes, track and locate inventory items quickly, and help ensure accurate pricing and discounts to improve customer satisfaction.

• Reduce costs by optimizing supply chain management processes. Improve productivity, adapt internal processes quickly to meet new demands, and optimize processes across sites in the supply chain.

• Control and streamline inventory. Use powerful inventory management tools to improve forecasting and planning, match supply with customer demand, and create sales and purchasing forecasts based on specific items and time periods.

• Increase visibility throughout the supply chain. Empower users to view real-time data through a user-friendly interface and Role Centers that provide quick access to tasks and critical business intelligence (BI) information, such as key performance indicators (KPIs) and custom reports.

OVERVIEW Supply Chain Management in Microsoft Dynamics AX includes the following functionality:
• Demand forecasting
• Intercompany trade
• Inventory management
• Procurement management
• Vendor self-service portal
• Business-to-business trading partner integration
• Quality management
• Multi-site capabilities
• Order handling with trade agreements
• Item and lot number reservation and tracking
• Order promising
• RFID
• Distribution planning
• Returns management

Collaborate across boundaries with a Web services framework By connecting business processes and people across the entire supply chain, organizations can gain the insight they need to adapt to changing business requirements, streamline planning and inventory management, and deliver superior customer service. Supply Chain Management in Microsoft Dynamics AX provides the tools you need to exchange data with trading partners, customers, vendors, and other systems. With Application Integration Framework, the Web services framework in Microsoft Dynamics AX, you can access arange of out-of-the-box XML documents, including Advanced Shipping Notice(ASN), Sales Order, and Purchase Order. Exchange the documents using various transport mechanisms, such as file systems, Microsoft® Message Queuing (MSMQ), and outbound Web services.

Automate business processes with online services Automate and streamline business processes using a wide range of out-of-the-box Web services in Microsoft Dynamics AX 2009, or create and customize your own Web services using simple tools. Take advantage of payment services to integrate credit card processing, including preauthorization, authorization, and data tracking directly, into Microsoft Dynamics AX.

Gain quick access with Web-based portals
With Supply Chain Management in Microsoft Dynamics AX, you can obtain the real-time business information you need anytime, from any location. You can access the solution quickly from the Microsoft Dynamics AX client, or by using Enterprise Portal in Microsoft Dynamics AX, which is based on Microsoft Windows® SharePoint® Services and Microsoft Offi ce SharePoint Server. Regardless of how you access the data, the business logic is maintained in a single data set to maintain data integrity and enhance security.

Speed business insight with fl exible self-service BI tools Supply Chain Management in Microsoft Dynamics AX 2009 delivers powerful selfservice BI tools to people at every level of the supply chain. Gain quick business insight with the ability to monitor performance with predefi ned cubes, KPIs, and ad-hoc reports—all from within your Role Center. Share and modify data with ease by exporting to Microsoft Offi ce Visio® and Microsoft Offi ce Excel®, with the ability to use PivotTable® views.

http://www.pargesoft.com/ Microsoft Dynamics AX NAV CRM Global Partner

Microsoft Dynamics CRM - Resource Center

ERP Sistemlerinde Stok Kontrol Sistemi

Bir üretim sisteminde üretilen mamule dolaysız veya dolaylı olarak katılan bütün fiziksel varlıklar ve mamulün kendisi stok kavramı içerisinde düşünülebilir. Stoklar, döner sermayenin bağlı bulunduğu iktisadi kıymeti olan ve bir sermaye yatırımı olarak kabul edilen fiziksel unsurlardır.

Genel anlamda stok, üretilen veya satın alınan ve kullanılmak için bekletilen malzemedir. Ekonomik değeri olan, atıl kaynaklar olarak tanımlanan stoklar, birçok işletmede büyük yatırımları temsil ederler. Çoğu zaman stok ve envanter sözcükleri birbirlerine yakın anlamda kullanılmıştır. Ancak bu iki kavram özde farklılık taşır. Stok, somut olup, belli bir sınıra sahip, birikmiş bir düzeydir. Envanter ise, bir birime sahip ölçülmüş stok büyüklüğüdür ve muhasebede genellikle yıl sonlarında yapılan fiziksel sayım yolu ile stok tespiti anlamına gelir. Envanter aynı zamanda işletmenin sahip olduğu malların ve servetin gerekli özellikleri ile birlikte gösterildiği ayrıntılı bir listenin hazırlanmasını ifade etmektedir.

Stok’ un, iktisadi yönden bir tarifini vermek gerekirse: “ Ekonomik değeri olan, atıl bir kaynaktır ” diyebiliriz. Bu tarif analiz edildiğinde, şu unsurlar görülecektir: Bu kaynak içinde talep vardır. Talep, stoktan yapılan çıkışlarla karşılanmaktadır. Stoklar ise, yeni girişlerle beslenmektedir. Stokları, bir diğer şekilde şöyle tanımlayabiliriz: Eksiksiz, tahmine dayanan bir ekonomide, zorunlu bir yatırım olup, değişen bir talep veya tam tersi, mevsimlik karakterdeki doğal kaynaklar aracılığıyla karşılanan, devamlı bir talep karşısında, muntazam bir üretimi, süratli ve düzgün satın almayı sağlar. Başka bir deyişle stok, gelecekteki ihtiyaçları karşılamak için, en iktisadi olan stok miktarlarının, işletmenin üretim, satış ve mali durumu da dikkate alınarak belirlenmesini ve stok miktarlarının sürekli kılınmasını kapsar.

- Stok Bulundurma Nedenleri

Stok bulundurmanın üç nedeni vardır:

1. Faaliyetin düzenli sürdürülmesi

2. Emniyet

3. Spekülasyon

Genel olarak; mamul mallar, yarı mamuller ve hammadde diye üç sınıfa ayrılan stoklar, çeşitli görüş açısından farklılıklar gösterirler. Çeşitli faaliyetler için zamana ihtiyaç olması, talebin değişebilirliği, belirsizlik şartları, işletmenin kapasitesi, stokların oluşmasının ana nedenlerindendir. Üretim sürecinde malzemeler, çeşitli üretim kademelerinde değişik işlemler görmektedir. Bu ise, üretim sistemini dengelemek, daha açık bir deyimle, kademeler arasındaki farklı üretim hızlarının oluşturacağı aksaklıklar veya sistemin bir kısmında meydana gelebilecek arızalardan, sistemin tamamının etkilenmesini önlemek için, yarı mamul stoklarının ortaya çıkmasına neden olmaktadır.

Diğer taraftan, son talebin belirlenmesi, yöneticileri tahminler yapmaya yöneltmektedir. Ancak, tahmin edilen talep ile, gerçekleşen talep arasındaki farkların meydana gelmesi, kaçınılmaz bir sonuçtur. Geleceğin belirsizliği nedeniyle, üretimin kesilmesi ve bunun sonucunda, üretim araçlarının atıl bırakılması, fiili ve potansiyel satış olanaklarının kaybedilmesi gibi risklerle karşı karşıya kalınabilir. Bu nedenle, gerçekleşen ve talep edilen arasında farklılık olması normaldir. Bu farklılığı ortadan kaldırmak, stoklarla olur. Bu ifadesi ile stoklar, talep tahminindeki yanılmaların ortaya çıkardığı zararları, minimum kılan unsurlardır. Mevsimlik dalgalanmaların geçerli olduğu piyasalarda, denge unsuru olarak stoklara ihtiyaç vardır. Müşteri talep düzeylerinde değişkenlik, üretimden ziyade, stoklar aracılığıyla karşılanır. Aynı şekilde, malın üretiminin mevsimlik olduğu durumlarda da, devamlı ve düzenli bir seviyede olan talebin karşılanabilmesi için, üretim devresinde bütün dönemin talebini kapsayacak ölçüde üretim yapmak, bunu stok olarak bulundurmak ve talep edildiğinde, piyasaya sunmak gerekir. Hammaddelerin ve satın alınan diğer malzemelerin stoklanması ise, bütün miktarlarda satın almanın avantajlarını elde etmenin, herhangi bir nedenle aksamasından doğacak riskini, azaltmak gibi nedenlerle gerekli olabilir.

- Stokların Faydaları

Stoklar rasyonel esaslara göre faaliyet gösteren ve iktisadi düzende, fonksiyonunu gerektirdiği gibi yerine getirmek isteyen işletmeler için, kaçınılmaz bir unsurdur. Stok bulundurmadan çalışan işletme, stok bulundurarak çalışan işletmeye göre, daha az kârlı ve daha çok masraflıdır. Stok bulundurmadan faaliyet gösteren bir işletme, tahmininin üzerinde bir taleple karşılaştığı zaman, ilave teçhizat ve ilave işgücü bulmak zorunda kalacak, stok tükenmesinden doğan, fiili ve potansiyel talebin kaybı ile karşılaşacaktır. Doğuş nedenleri ne olursa olsun, stoklar fayda sağlayan unsurlardır. Stokların sağladıkları bu faydalar, stokların üretim ve pazarlama faaliyetlerini, birbirinden ayırma fonksiyonuna bağlanmaktadır. Malzeme stoklarının temel fonksiyonu, üretim – dağıtım – tüketim zincirinde, birbirini izleyen kademelerin uyum halinde çalışmasını sağlamaktır.

Stoklar, işletmelerde üretim seviyelerinin düzenli olmasını sağlar. Talep miktarı ile, tedarik süresindeki dalgalanmalar, üretimi aksatarak, makine ve teçhizatın atıl kalmasına neden olur. İşletme, stok bulundurarak, üretimin duraklamasından doğacak bu zarardan, kendisini korumuş olur. Ayrıca, teçhizat ve işgücünden de, daha rasyonel olarak yararlanır. Yine stoklar sayesinde, üretim ve tedarik işlemlerinin en az masrafa sebep olacak miktarlar halinde, düzenlenmesi sağlanmış olur.

İşletmenin ürettiği mala yönelen talep, önceden tahmin edilen dalgalanmaları gösterdiğinden, ek kapasiteye ihtiyaç duyulmadan, stoklar yardımı ile talepteki artışlar karşılanabilir. Stoklar, talep tahminlerinin hatalı olmasından doğacak sonuçları hafifletir, tüketicilere kısa zamanda ve üstün bir seviyede hizmet temin eder.

Stokların sağladığı faydaları, prodüktivite ve rekabet gücünü arttırıcı etkileri bakımından, iki grupta düşünebiliriz. Buna göre stoklar, perakendeciyi, toptancıyı, üretim faaliyetleri içinde çeşitli safhaları ve tedarik kaynaklarını birbirinden ayırır. Dolayısıyla, üretim faaliyetlerinin verimi artar, talebin zamanında karşılanması sağlanır. Talebin zamanında karşılanmasının, işletmeye sağladığı fayda, talebin zamanında karşılanmaması halinde ortaya çıkacak kayıplarla belirlenir. Bu kayıplar, kısa vadede karşılanamayan satışların, dolayısıyla satış kararlarının kaybı, uzun vadede, müşterilerdeki güvenin zayıflaması kaybıdır.

Endüstri işletmelerinde, girdi kalemi olarak stoklar, üretim faaliyetlerinin, daha düzenli şekilde devamını sağlar, üretim kapasitesinin, daha verimli kullanılmasını mümkün kılar, üretim faaliyetlerinin minimum maliyete sebep olacak şekilde planlanmasını ve bunun bir sonucu olarak da, toplam maliyetlerin, minimum düzeyde seyrini gerçekleştirir.

Stoklar, sağladıkları faydalar nedeniyle, tasarruf unsurlarıdır. Ancak, stokların aynı zamanda maliyet nedeni olmaları, sağlanan bu tasarrufların, stoklardaki artışlarla, doğrusal bir ilişki içinde artmadığını gösterir. Bu durumda, stoklara ilave edilen, her birimin sağladığı marjinal tasarruf, azalarak artar ve belli bir ölçüden sonra, stoklarla ilgili maliyetler, stoklardan sağlanan tasarrufları aşar. Rasyonel davranmak isteyen bir işletme, stokların sağladığı tasarruflarla, sebep oldukları maliyetler arasında, ekonomik bir denge kurmak suretiyle, kendisine minimum maliyete sebep olacak, stok seviyelerini tespit etmek durumundadır. Aslında stok kontrolünün esas gayesi, belirli bir stoku elde bulundurmak veya bulundurmamaktan doğan maliyetleri, minimum kılmak başka bir deyişle, elde stok bulundurmakla doğacak maliyetlerle, bulundurmamaktan doğacak kayıplar arasında, bir dengenin sağlanmasına çalışmaktır.

- Stokların Sınıflandırılması

Stoklar farklı durumlarda ve farklı amaçlarla elde bulundurulur ve stok terimi ile anlatılan unsurlar, aynı karakterde değildir. Bu yüzden, stok kontrolü konusunu incelerken öncelikle, stokların sınıflandırılması gerekir. Böyle bir sınıflandırma, çok çeşitli şekillerde olabilir. Burada, stokların üretim sürecindeki yerlerine göre sınıflandırılması gösterilecektir:

1. İşlem Öncesi Stoklar

- Hammaddeler

- Yedek Parçalar

- Satın Alınan Montaj Parçaları

- İşletme Malzemeleri

2. Yarı Mamul Stokları

3. Mamul Stokları

http://www.pargesoft.com/ Microsoft Dynamics NAV Global Partner

Microsoft Dynamics NAV - Regulatory Compliance Support (Sarbanes-Oxley & IFRS)

Enhance accounting processes and controls to aid compliance

Growing companies face increasing financial accounting challenges each year. Depending on industry, markets, geographic location, and financing needs, an organization may be subject to local generally accepted accounting principles (GAAP) and one or more of:

•    The Sarbanes-Oxley Act (SOX), a U.S. law passed in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

•    The International Financial Reporting Standards section of the European Union’s International Accounting Standards (IAS/IFRS), which went into effect in 2005 and sets forth international accounting standards for recognition, measurement, consolidation, and reporting.

•    The New Basel Accord (Basel II), enacted in 2006 to address issues of financial institution risk and to promote greater stability in the overall financial system.

Enhance good practices with technology
Compliance depends not only on accurate information and appropriate accounting processes, but also on the people who set up and administer those processes. An effective business management solution can facilitate compliance by helping to manage valid and accessible information through transparent processes that have been set up in compliance with industry and regulatory standards.

Realize the benefits of an integrated business management solution
Microsoft Dynamics NAV delivers real-time, integrated operational and financial information from across your organization, so you can:

•    Track financial data through custom account schedules for cash flow, revenues, balance sheets, fixed assets, capital structure, key performance indicators, and more.

•    Help safeguard accuracy with role-based security and configurable application controls that prevent invalid or duplicate data entry.

•    Quickly and easily generate financial reports in accordance with applicable regulatory standards.

•    Maintain comprehensive audit trails with drill-down and drill-around functionality and change logs.

Manage compliance to the standards that matter

Deliver integrated information, aligned processes, and easy-to-use tools to help your people meet the financial management expectations and standards that matter to your specific business.

Tailor account schedules to your needs

•    Define the structure of your company’s chart of accounts based on business requirements and applicable regulatory standards.

•    Create accounts and handle complex processes related to a spectrum of business activities, including inventory valuation, foreign currencies, segment reporting, and departures from local GAAPs.

•    Control the level of detail for each recorded transaction and select detailed registration for specific types of transactions, such as fixed assets and accounts payable.

•    Tailor schedule calculations and display for financial reporting, or export the information to Microsoft® Office Excel®  for further analysis.

Improve information validity

•    Configure data fields to accept only information in the correct format, such as the correct number of decimal places or alphanumeric patterns.

•    Help ensure information is complete with application controls such as requiring a vendor invoice number to be entered before a purchase order can be posted.

•    Reduce the risk of inaccurate information or tampering and help protect sensitive information with access to nformation based on job role.

•    Prohibit access, provide read-only access, or enable full-access users to add, edit, or delete information.

•    Easily identify and resolve discrepancies with a reconciliation feature that retrieves current bank account and transaction information and compares it to general ledger posts.

•    Schedule manual or automatic backups to help protect information from electronic failures.

Sarbanes-Oxley: Validating Data and Processes The Sarbanes-Oxley Act establishes standards for all U.S. public company boards, management, and public accounting firms, including evaluation and disclosure of the adequacy of the company’s internal controls over financial reporting. Documenting and testing critical manual and automated controls represents a huge commitment of time and resources for companies. Microsoft Dynamics NAV is especially suited for subsidiaries of larger organizations, and can help support small to mid- sized businesses in complying with Sarbanes-Oxley.

Comply quickly with discovery requests and reporting demands

•    Save time when you create standard reports that use common business parameters and criteria to satisfy typical reporting needs, ranging from order summaries  to aging accounts receivable.

•    Perform complex reviews with basic or advanced business analytics functionality.

•    Create reports and displays using an interface similar to that of the familiar Microsoft Office Outlook®.

•    Speed transmission of financial information to customers, shareholders, regulatory agencies, and the public with XML-based XBRL documents that support the exchange of financial information across different software and technologies, including the Internet.

Help ensure clear audit trails

• Trace documents and information both forward and backward through the system, from the original source to final financial statements and back.

• Identify how, when, and by whom information was entered or edited, and to what account financial entries have been posted.

• Look up database changes, including previous and revised data, in the solution’s Change Log.

• Increase audit trail transparency and usability, and speed information access for third-party auditors with drill-down, look-up, filtering, register, and navigation

IAS/IFRS: Recognition and

Measurement Standards

Depending on the local GAAPs currently in use, one of the major recognition and measurement changes for IAS/IFRS is extended use of fair-value principles instead of historical cost. Microsoft Dynamics NAV can help companies calculate fair-value and net present value (NPV) concepts, which are focused on current and expected cash flow streams rather than historical purchase price. On the reporting side, it can provide segment reporting by business unit and geographical location.

Basel II: Implications for Reporting and Analysis Basel II, developed by the Bank for International Settlements, helps ensure safety and security in the financial system in three key areas: minimum capital requirements, supervisory review process, and market discipline. Although the accord applies to financial institutions and does not target small and mid-sized businesses, Basel II may have some implications for these organizations in reporting and analysis.

“The ability to customize reports has been tremendous. That’s what most impresses us about Microsoft Dynamics NAV: the ability to customize reports in compliance with federal reporting requirements.”

—James Pratt, Controller, Muscogee Creek Nation

Gain confidence in your financial reporting with Microsoft Dynamics NAV

Today, business accounting practices are subject to sharp scrutiny and increasingly complex national and international accounting standards. Complying with these standards—whether driven by national law, international compact, or financial industry expectations—may involve more than accurate accounting practices. Your organization may be required to adhere to specific procedures for everything from how and when financial transactions are recorded to what information must be included, under which line items, in public reports and disclosures. Simply understanding which standards apply to your company, what they mean, and how they impact your existing procedures can be a challenge. Failure to comply, however, can result in huge investments of time and expense to recalculate or restate figures, higher financing costs (or an inability to obtain financing at all), the negative publicity of qualified audit opinions, or more severe civil and criminal penalties. Fortunately, an integrated business management solution can help you navigate the complexities of financial compliance. Microsoft Dynamics NAV can provide your people with the tools, information integrity, and process assurance for consistent, transparent accounting and financial reporting practices. It can help you:

-   Structure accounting processes and records to meet your organization’s unique compliance needs.
-    Help ensure the accuracy and security of your information.

-   Save time and effort on analysis and reporting.
-   Maintain full information traceability and a clear audit trail.

Gain control of critical information, processes, and reports

Extensive audit trails with drill-down and drill-around functionality help you trace source documents through the accounting systems to the final financial statement and back to the original source document.

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