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Microsoft Dynamics AX 2012 Financials Sample Questions:

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

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

3. In Microsoft Dynamics AX 2012, a customer has a credit balance in a customer account, but does not have a vendor account. You need to repay the credit balance.
What should you do?

A) Repay the credit balance by using the Accounts Payable payment journal functionality.
B) Create a reason code in the Accounts Receivable module and then repay the credit balance.
C) Repay the credit balance by using the Accounts Receivable payment journal functionality.
D) Repay the credit balance by using a one-time vendor account automatically created by the system.

4. Which of the following statements about Microsoft Dynamics AX 2012 elimination journal proposals are true? (Choose all that apply.)

A) An elimination journal proposal displays a preview of the results of elimination.
B) An elimination journal proposal enables you to validate the results of elimination.
C) An elimination journal proposal posts automatically.
D) An elimination journal proposal can be run only once.

5. In Microsoft Dynamics AX 2012, where can you review value models that are linked to a fixed asset?

A) In the Fixed asset parameters form.
B) In the Fixed asset group form.
C) In the corresponding main account.
D) In the Fixed asset posting profile form.

Solutions: