Microsoft Dynamics AX support to IAS 1

Management Reporter, Included with Microsoft Dynamics AX, supplies predefined Balance sheet, Income statement, and Money flow record templates based on main account category.

In Microsoft Dynamics AX, the fiscal calendar supports any respect of the periods. When financial statements are generated in Management Reporter, the definitions of financial periods and years from the calendar are used.

The yearlong final Transactions must be generated, and then the interval can be shut for the majority of modules.

Microsoft Dynamics AX Provides the capability to control whether the period is in Open, On-hold, or Closed state. A period in the On-hold condition can be reopened. Microsoft Dynamics AX allows transactions to be recorded in any period from the Open state.

Microsoft Dynamics AX also gives the capacity to limit posting for a period to a specific user or set of users.

Microsoft Dynamics AX Enables measurements to be utilized to cross over all general ledger accounts. Consequently, aggregation or dis-aggregation may be used to separate or detail out required data for nature or purpose, as required.

Management Reporter can filter any combination of measurements At the row, columntree level, along with its support of total accounts.