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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Your company has more than 500 customers. You plan to set up customer groups in Microsoft Dynamics AX 2012 to support the creation of the customer master. What is the minimum number of customer groups that you must set up?

A) 2
B) 4
C) 8
D) 1

2. Which of the following actions can you perform when defining the fiscal yearend close parameters in Microsoft Dynamics AX 2012?

A) Create an opening balance for the new fiscal year.
B) Delete close-of-year transactions during transfer.
C) Set the period status to current for new fiscal periods.
D) Set the Main accounts to the default value for the new fiscal year.

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

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

4. You need to automatically select all vendor payments that are due within the same week. In Microsoft Dynamics AX 2012, what should you do?

A) Configure a payment control.
B) Create a payment method and select Date in the Period field.
C) Configure a payment fee.
D) Create a payment method and select Week in the Period field.

5. Which of the following statements about Microsoft Dynamics AX 2012 elimination journal proposals are true? (Choose all that apply.)

A) An elimination journal proposal posts automatically.
B) An elimination journal proposal can be run only once.
C) An elimination journal proposal displays a preview of the results of elimination.
D) An elimination journal proposal enables you to validate the results of elimination.

Solutions: