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Microsoft Dynamics AX 2012 Financials Sample Questions:

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

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

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

A) Value models connect all financial information about fixed assets.
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 are used to assign additional life cycles to a fixed asset.

3. You need to automatically process sales tax payment settlements.
In Microsoft Dynamics AX 2012, what should you do?

A) Use the general ledger journal settlement function.
B) Use the Sales Tax Payment periodic job in the General Ledger module.
C) Use the Settle open transactions function in the vendor table.
D) Use the payment journal settlement function when processing a payment.

4. You need to post an intercompany general ledger journal. In Microsoft Dynamics AX 2012, what should you set up to enable intercompany posting? (Choose all that apply.)

A) Set up the intercompany posting accounts in only one company.
B) Set up the intercompany journal name in only one company.
C) Set up the intercompany journal name in both companies.
D) Set up the intercompany posting accounts in both companies.

5. You need to assign bar codes to fixed assets in Microsoft Dynamics AX 2012. What should you do?

A) Set up number sequences on Inventory module parameters.
B) Set up number sequences on General Ledger module parameters.
C) Set up special number sequences on each fixed asset group.
D) Set up number sequences on Accounts Payable module parameters.

Solutions: