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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which of the following credit limit tolerances can be set up in Cash and Bank Management? (Choose all that apply.)

A) Validatethe system prompts the user to validate
B) Error - the system generates an error notification
C) Confirmthe system prompts the user to confirm
D) Warning - the system generates a warning notification

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

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

3. Which of the following statements about value models for fixed assets in Microsoft Dynamics AX 2012 is true?

A) Value models are used to assign additional life cycles to a fixed asset.
B) Value models are optional when setting up depreciation for a fixed asset.
C) Value models are a subset of the value of a fixed asset.
D) Value models connect all financial information about fixed assets.

4. 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) Balance sheet
B) Profit and loss
C) Reporting
D) Revenue

5. You need to ensure that Microsoft Dynamics
AX 2012 does not allow journal transactions for an account to result in a credit balance. What should you do?

A) On the Main accounts form, in the Main account type list, select Profit and Loss.
B) On the Main accounts form, in the DB/CR proposal list, select Debit.
C) On the Main accounts form, in the Balance control list, select Debit.
D) On the Main accounts form, in the DB/CR requirement list, select Debit.

Solutions: