Microsoft MB6-871 : Microsoft Dynamics AX 2012 Financials

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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You need to remove consolidation transactions in Microsoft Dynamics AX 2012. What should you do?

A) In the Consolidation form, click the Remove transactions button.
B) In the general ledger journal, create reversal transactions for the consolidation transactions.
C) In the Consolidation form, click the Delete button.
D) In the consolidation account transactions, click the Reverse transaction button.

2. In Microsoft Dynamics AX 2012, which of the following statements about financial dimensions are true? (Choose all that apply.)

A) A user can create an unlimited number of financial dimensions.
B) Financial dimensions can be created by using a wizard.
C) Financial dimensions can be created by using a form.
D) Only the default financial dimensions are allowed.

3. You need to set up the Microsoft Dynamics
AX 2012 chart of accounts for intercompany transactions. Which ledger account type should you specify for the Due to and Due from ledger accounts?

A) Reporting
B) Balance sheet
C) Revenue
D) Profit and loss

4. In Microsoft Dynamics AX 2012, which of the following transactions can be reversed by using the Reverse Transaction functionality? (Choose all that apply.)

A) Fixed Asset transactions thatrelate to fixed asset postings
B) Customer transactions that relate to sales orders
C) Vendor transactionsthat relate to purchase orders
D) General Ledger transactions that relate to general journal entries

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

Solutions: