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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, what is the purpose of a Payment transfer form?

A) To generate advance payments.
B) To verify vendor transactions that are open and approved.
C) To manage payments that have a status of Sent and have been posted.
D) To manage payments that have a status of Sent and have not been posted.

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

3. In Microsoft Dynamics AX 2012, how can you identify errors and duplicates in a row definition structure before you update the existing structure?

A) Run the Where used report on the Row definitions form.
B) In the Structure designer form, select the Check box and the Simulate check box.
C) In the General Ledger module, run the Audit trail report.
D) In the System Administration module, run the Consistency check periodic function.

4. In Microsoft Dynamics AX 2012, when can you use the cross-rate functionality in the Accounts Receivable Settle open transaction form?

A) When the invoice currency and payment currency are the same.
B) When the customer is making an advance payment.
C) When the invoice currency and payment currency are different.
D) When the customer invoice has been created by using a free text invoice.

5. In Microsoft Dynamics AX 2012, which of the following statements about depreciation for assets that have not yet been acquired is true? (Choose all that apply.)

A) You cannot post depreciation for the assets.
B) You can post depreciation for the assets by using depreciation proposals.
C) You can post depreciation for the assets by using the depreciation books journal.
D) You can generate depreciation for the assets by using depreciation proposals and specifying a future posting date.

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