Microsoft Dynamics AX 2012 Financials (MB6-871) Free Practice Test

Question 1

In Microsoft Dynamics AX 2012, which fixed
asset transaction type can post simultaneously with standard fixed asset depreciation?

A. Depreciation adjustment

B. Extraordinary depreciation

C. Summarize depreciation

D. Bonus depreciation

Correct Answer: B

Question 2

In Microsoft Dynamics AX 2012, where do you set up the capitalization threshold?

A. In the Inventory parameters.

B. In the General Ledger main accounts.

C. In the Inventory item groups.

D. In the Fixed Asset groups.

Correct Answer: D

Question 3

In Microsoft Dynamics AX 2012, how can you assign fixed asset numbering? (Choose all that apply.)

A. automatically based on value models

B. automatically based on a fixed asset calendar

C. manually

D. automatically based on fixed asset groups

Correct Answer: C,D

Question 4

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

A. Create an exceptionrow type in the row definition.

B. Print the footer section of the financial statement.

C. Create a dimension set section in the row definition.

D. Print the miscellaneous section of the financial statement.

Correct Answer: A

Question 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 DB/CR proposal list, select Debit.

B. On the Main accounts form, in the DB/CR requirement list, select Debit.

C. On the Main accounts form, in the Main account type list, select Profit and Loss.

D. On the Main accounts form, in the Balance control list, select Debit.

Correct Answer: D

Question 6

You need to automatically select all vendor payments that are due within the same week. In Microsoft Dynamics AX 2012, what should you do?

A. Configure a payment fee.

B. Create a payment method and select Week in the Period field.

C. Configure a payment control.

D. Create a payment method and select Date in the Period field.

Correct Answer: B

Question 7

In Microsoft Dynamics AX 2012, which transaction type can be used for fixed asset disposal?

A. Provision for reserve

B. Depreciation adjustment

C. Acquisition adjustment

D. Write down

Correct Answer: A

Question 8

What is the first step in the process of creating a new financial statement in Microsoft Dynamics AX 2012?

A. Create a dimension set.

B. Create a row definition.

C. Design the financial statement row structure.

D. Create the financial statement column definition.

Correct Answer: A

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Microsoft Dynamics AX 2012 Financials (MB6-871) Free Practice Test