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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You need to automatically create a fixed asset from a purchase order when an invoice is posted. In Microsoft Dynamics AX 2012, which of the following actions should you perform?

A) Configure the fixed asset posting profile.
B) Configure the fixed asset acquisition methods.
C) Select the Create asset during product receipt or invoice posting fixed asset parameter.
D) Select the Check for fixed assets creation during line entry fixed asset parameter.
E) Select the Allow asset acquisition from Purchasing fixed asset parameter.

2. You set up an asset in Microsoft Dynamics AX 2012. What is the initial status of the value model?

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

3. In Microsoft Dynamics AX 2012, which fixed asset transaction can you process in the Free text invoice form?

A) Disposal sale
B) Disposal scrap
C) Acquisition
D) Acquisition adjustment

4. 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

5. On which Microsoft Dynamics AX 2012 list page can you view cash flow forecasts?

A) All sales orders
B) All customers
C) All purchase requisitions
D) All production orders

Solutions: