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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You set up a fixed asset in Microsoft Dynamics AX 2012. You select the Allow asset acquisition from purchasing fixed asset parameter. What is the initial status of the fixed asset?

A) Not yet acquired
B) Scrapped
C) Open
D) Suspended

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

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

3. In Microsoft Dynamics AX 2012, which of the following can you analyze by using the Dimension statement? (Choose all that apply.)

A) customer balances
B) budget transactions
C) General Ledger transactions
D) vendor balances
E) cash flow forecast transactions

4. When posting year-end transactions in Microsoft Dynamics AX 2012, which posting layer is designed for the closing sheet?

A) Current
B) Closing
C) Opening
D) Operations

5. You need to remove consolidation transactions in Microsoft Dynamics AX 2012. What should you do?

A) In the consolidation account transactions, click the Reverse transaction button.
B) In the Consolidation form, click the Delete button.
C) In the Consolidation form, click the Remove transactions button.
D) In the general ledger journal, create reversal transactions for the consolidation transactions.

Solutions: