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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You need to record fixed asset transactions by using journals. In Microsoft Dynamics AX 2012, what should you do?

A) In the General Ledger, create a journal name with the journal type Post fixed assets.
B) Create transaction text with the type Fixed assetPosting, Ledger.
C) In the General Ledger, create a journal for a Depreciation book.
D) In the General Ledger, create a journal name with the journal type Fixed assets budget.

2. 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.

3. 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.

4. In Microsoft Dynamics AX 2012 which journal type should you use in the Journal name form if budgets for fixed assets are required?

A) Post fixed asset
B) Daily
C) Fixed asset budget
D) Periodic

5. 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.

Solutions: