Managing Risks – Cause, Event and Consequence
A risk is broken into several components, Cause, Event and Consequence. How these components are articulated is critical to how that risk is viewed, understood and managed.
A risk is broken into several components, Cause, Event and Consequence. How these components are articulated is critical to how that risk is viewed, understood and managed.
Because design patterns are abstract concepts that allow developers to leverage them in lots of different situations that are similar, but not identical. The developer can then transform the abstract design pattern into specific NAV code that solves a problem.
In software systems there are promises and expectations, budgets and time constraints, experts and non-experts, uncertainty and risk, personal and organizational pride at stake. Systemic issues can undo the effort of well-meaning individuals. “For a successful technology, reality must take precedence over public relations, for nature cannot be fooled.” Richard Feynman.
Using a balance account “Bal. Account No.” on the line allows journals to be entered using one line rather than the traditional two lines.
Within the manufacturing setup, there is a clear demarcation of responsibility between sales and production if the inventory is set up as “standard costing”.
Most legacy systems have an enormous number of GL accounts. NAV allows a very effective way to reduce these by using dimensions.
Fenwick Software moves into the 2018/19 financial year with a new look Board. For the first time we have an external Chair. Marion Macleod has brought fresh ideas that will guide the company towards its fiftieth birthday.
Microsoft Dynamics NAV offers five different Costing Methods, four of which are variously useful depending on the type of inventory, and the fifth, LIFO (Last In First Out), is prohibited under International Financial Reporting Standards.
OData is becoming the primary method for externally accessing data from Dynamics NAV. It has several benefits compared to SQL.
Warehouse management in Dynamics Nav covers various functions from start to finish. Most of these functions work independently of each other to provide a scaleable solution.
Fenwick Gold Multiple Entity Module can really help simply the chaos of hundreds of companies taking away the duplicate data entry and the need to manually eliminate inter-company transactions.
Dynamics 365 Business Central databases grow every day. Much can be done to ensure you are only storing the data that you really require and keeping things running smoothly.
