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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which of the following statements about a chart of accounts is true?

A) A chart of accounts can be used for no more than one legal entity.
B) A separate chart of accounts can be used for each division of a legal entity.
C) A chart of accounts can be used for only one division of a legal entity.
D) A chart of accounts can be used for multiple legal entities within an organization.

2. You need to set up electronic vendor payments in Microsoft Dynamics AX 2012. What should you do first?

A) Set up and configure electronic customer bank accounts in Accounts Receivable.
B) Set up methods of payment in Accounts Receivable.
C) Set up and configure electronic customer bank accounts in Accounts Payable.
D) Set up and configure electronic bank accounts in Cash and Bank Management.

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

4. Which of the following actions can you perform when defining the fiscal yearend close parameters in Microsoft Dynamics AX 2012?

A) Set the period status to current for new fiscal periods.
B) Set the Main accounts to the default value for the new fiscal year.
C) Create an opening balance for the new fiscal year.
D) Delete close-of-year transactions during transfer.

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

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

Solutions: