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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, what process allows you to view inconsistencies at the bottom of a printed financial statement?

A) Create an exceptionrow type in the row definition.
B) Print the miscellaneous section of the financial statement.
C) Print the footer section of the financial statement.
D) Create a dimension set section in the row definition.

2. You need to set up the main account so that the ledger transactions posted to that account are available for the foreign currency revaluation process. In the Microsoft Dynamics AX 2012 Main account form, which fields should you select? (Choose all that apply.)

A) Monetary
B) Foreign currency revaluation
C) Mandatory reference
D) Consolidation account

3. In Microsoft Dynamics AX 2012, which transaction type can be used for fixed asset disposal?

A) Write down
B) Depreciation adjustment
C) Provision for reserve
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) Suspended
B) Not yet acquired
C) Scrapped
D) Open

5. Your company plans to charge interest on customer overdue payments. You set up the required interest codes in Microsoft Dynamics AX 2012. What is the next step?

A) Apply the interest codes to customer groups.
B) Apply the interest codes to the customer master.
C) Apply the interest codes to customer posting profiles.
D) Apply the interest codes to customer parameters.

Solutions: