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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. What is the first step in the process of creating a new financial statement in Microsoft Dynamics AX 2012?

A) Create a row definition.
B) Design the financial statement row structure.
C) Create the financial statement column definition.
D) Create a dimension set.

2. In Microsoft Dynamics AX 2012, where can you review value models that are linked to a fixed asset?

A) In the corresponding main account.
B) In the Fixed asset parameters form.
C) In the Fixed asset group form.
D) In the Fixed asset posting profile form.

3. In Microsoft Dynamics AX 2012, which of the following statements about depreciation for assets that have not yet been acquired is true? (Choose all that apply.)

A) You can generate depreciation for the assets by using depreciation proposals and specifying a future posting date.
B) You can post depreciation for the assets by using depreciation proposals.
C) You cannot post depreciation for the assets.
D) You can post depreciation for the assets by using the depreciation books journal.

4. You need to process exchange rate adjustments on eligible main accounts. In Microsoft Dynamics AX 2012, what should you do?

A) Use the periodic General Ledger function Ledger accounting currency conversion.
B) Use the periodic Accounts Receivable function Foreign currency revaluation.
C) Use the periodic General Ledger function Foreign currency revaluation.
D) Use the periodic Accounts Payable function Foreign currency revaluation.

5. You need to automatically select all vendor payments that are due within the same week. In Microsoft Dynamics AX 2012, what should you do?

A) Configure a payment fee.
B) Configure a payment control.
C) Create a payment method and select Week in the Period field.
D) Create a payment method and select Date in the Period field.

Solutions: