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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which of the following can you analyze by using the Dimension statement? (Choose all that apply.)

A) budget transactions
B) cash flow forecast transactions
C) General Ledger transactions
D) vendor balances
E) customer balances

2. You need to post an intercompany general ledger journal. In Microsoft Dynamics AX 2012, what should you set up to enable intercompany posting? (Choose all that apply.)

A) Set up the intercompany posting accounts in only one company.
B) Set up the intercompany posting accounts in both companies.
C) Set up the intercompany journal name in both companies.
D) Set up the intercompany journal name in only one company.

3. In Microsoft Dynamics AX 2012, which fixed
asset transaction type can post simultaneously with standard fixed asset depreciation?

A) Summarize depreciation
B) Extraordinary depreciation
C) Depreciation adjustment
D) Bonus depreciation

4. In Microsoft Dynamics AX 2012, where do you enter a budget for a fixed asset?

A) In the Fixed asset parameters form.
B) In the fixed asset journal.
C) In the Fixed asset group form.
D) In the fixed asset budget journal and directly on each fixed asset.

5. You need to ensure that Microsoft Dynamics
AX 2012 does not allow journal transactions for an account to result in a credit balance. What should you do?

A) On the Main accounts form, in the Main account type list, select Profit and Loss.
B) On the Main accounts form, in the DB/CR requirement list, select Debit.
C) On the Main accounts form, in the DB/CR proposal list, select Debit.
D) On the Main accounts form, in the Balance control list, select Debit.

Solutions: