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Microsoft Dynamics AX 2012 Financials Sample Questions:

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

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

2. You enter a new fixed asset, number FUR-ELC000136, in Microsoft Dynamics AX 2012. When you validate the acquisition journal for the new fixed asset, the system displays the following message: Account for the transaction type, value model, does not exist for fixed asset FUR- ELC000136. What is the cause of the problem?

A) The main account for the acquisition transaction type does not exist in the fixed asset posting profile.
B) The main account for the acquisition transaction type does not exist in the main account table.
C) The offset account does not exist in the Acquisition journal name form.
D) The main account for the acquisition transaction type does not exist in the value model.

3. In Microsoft Dynamics AX 2012, which of the following statements must be true in order to edit the calendar attached to a Depreciation book?

A) No journals or transactions with any status exist for the Depreciation book.
B) No journals or transactions with an Open status exist for the Depreciation book.
C) No journals or transactions with aclosedstatus exist for the Depreciation book.
D) No journals or transactions with a Suspended status exist for the Depreciation book.

4. In Microsoft Dynamics AX 2012, what is budget control functionality?

A) incremental budgeting
B) zero-based budgeting
C) a method of ensuring that sufficient budget funds are available for planned or actual purchases
D) a process in the Workflow Management module

5. You set up a fixed asset in Microsoft Dynamics AX 2012. You select the Allow asset acquisition from purchasing fixed asset parameter. What is the initial status of the fixed asset?

A) Not yet acquired
B) Scrapped
C) Suspended
D) Open

Solutions: