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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012 which journal type should you use in the Journal name form if budgets for fixed assets are required?

A) Periodic
B) Post fixed asset
C) Daily
D) Fixed asset budget

2. In Microsoft Dynamics AX 2012, the accounting currency is set to USD (United States dollars). You create a sales order that has a currency of CAD (Canadian dollars). When you generate the invoice, Microsoft Dynamics AX 2012 displays an error message that the account for penny differences in accounting currency is missing. You need to correct the error. What should you configure?

A) Posting definitions
B) Accounts for automatic transactions
C) Item posting
D) Customer posting profiles

3. What types of accounts payable invoice matching can you use in Microsoft Dynamics AX 2012? (Choose all that apply.)

A) three-way matching
B) charges matching
C) sales order matching
D) four-way matching

4. 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 the financial statement column definition.
C) Create a dimension set.
D) Create a row definition.

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

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

Solutions: