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

2. In Microsoft Dynamics AX 2012, the accounting currency is set to USD (United States dollars). You create a sales order that has a currency of CAD (Canadian dollars). When you generate the invoice, Microsoft Dynamics AX 2012 displays an error message that the account for penny differences in accounting currency is missing. You need to correct the error. What should you configure?

A) Posting definitions
B) Accounts for automatic transactions
C) Item posting
D) Customer posting profiles

3. In Microsoft Dynamics AX 2012, how can you assign fixed asset numbering? (Choose all that apply.)

A) automatically based on a fixed asset calendar
B) manually
C) automatically based on fixed asset groups
D) automatically based on value models

4. You need to set up electronic vendor payments in Microsoft Dynamics AX 2012. What should you do first?

A) Set up methods of payment in Accounts Receivable.
B) Set up and configure electronic customer bank accounts in Accounts Receivable.
C) Set up and configure electronic bank accounts in Cash and Bank Management.
D) Set up and configure electronic customer bank accounts in Accounts Payable.

5. You need to set up the Microsoft Dynamics
AX 2012 chart of accounts for intercompany transactions. Which ledger account type should you specify for the Due to and Due from ledger accounts?

A) Revenue
B) Balance sheet
C) Profit and loss
D) Reporting

Solutions: