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Microsoft Dynamics AX 2012 Financials Sample Questions:

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

A) Design the financial statement row structure.
B) Create a row definition.
C) Create the financial statement column definition.
D) Create a dimension set.

2. 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 posting profile form.
C) In the Fixed asset group form.
D) In the corresponding main account.

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 Receivable 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 Payable 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 the Microsoft Dynamics
AX 2012 Depreciation book is true?

A) The Depreciation book cannot be re-run while the periods are open for the Depreciation book.
B) The Depreciation book can be re-run only one time before the periods are closed for the Depreciation book.
C) The Depreciation book can be re-run only two times before the periods are closed for the Depreciation book.
D) The Depreciation book can be re-run as many times as necessary while the periods are open for the Depreciation book.

5. 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) General Ledger transactions
C) budget transactions
D) cash flow forecast transactions
E) vendor balances

Solutions: