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

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

A) manually
B) automatically based on a fixed asset calendar
C) automatically based on value models
D) automatically based on fixed asset groups

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

4. In Microsoft Dynamics AX 2012, what is two-way invoice matching?

A) Matching the price information on the invoice to the price information on the purchase order.
B) Matching the quantity information on the invoice to the quantity information on selected product receipts.
C) Matching the quantity information on the invoice to the quantity information on the purchase order.
D) Matching the price information on the intercompany sales order to the price information on the intercompany purchase order.

5. On which Microsoft Dynamics AX 2012 list page can you view cash flow forecasts?

A) All purchase requisitions
B) All sales orders
C) All customers
D) All production orders

Solutions: