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Microsoft Dynamics AX 2012 Financials Sample Questions:

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

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

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

3. 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.

4. Which of the following statements about value models for fixed assets in Microsoft Dynamics AX 2012 is true?

A) Value models connect all financial information about fixed assets.
B) Value models are optional when setting up depreciation for a fixed asset.
C) Value models are a subset of the value of a fixed asset.
D) Value models are used to assign additional life cycles to a fixed asset.

5. Which of the following statements about the Microsoft Dynamics
AX 2012 Depreciation book is true?

A) The Depreciation book can be re-run as many times as necessary while the periods are open for the Depreciation book.
B) The Depreciation book can be re-run only two times before the periods are closed for the Depreciation book.
C) The Depreciation book can be re-run only one time before the periods are closed for the Depreciation book.
D) The Depreciation book cannot be re-run while the periods are open for the Depreciation book.

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