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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which of the following statements about encumbrance accounting (also known as commitment accounting) are true? (Choose all that apply.)

A) A sales order is a typical encumbrance transaction for which there has been an expenditure of funds.
B) To use encumbrance accounting, posting definitions are required.
C) When the pre-encumbrance process is enabled, the encumbrance process is required.
D) Closing purchase order encumbrances is part of the fiscal year closing process.
E) To use encumbrance accounting with budget appropriation enabled, budget control is required.

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

A) Create a dimension set section in the row definition.
B) Create an exceptionrow type in the row definition.
C) Print the miscellaneous section of the financial statement.
D) Print the footer section of the financial statement.

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

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

A) Extraordinary depreciation
B) Summarize depreciation
C) Bonus depreciation
D) Depreciation adjustment

5. You need to set up the main account so that the ledger transactions posted to that account are available for the foreign currency revaluation process. In the Microsoft Dynamics AX 2012 Main account form, which fields should you select? (Choose all that apply.)

A) Foreign currency revaluation
B) Mandatory reference
C) Consolidation account
D) Monetary

Solutions: