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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, how can you identify errors and duplicates in a row definition structure before you update the existing structure?

A) In the General Ledger module, run the Audit trail report.
B) In the System Administration module, run the Consistency check periodic function.
C) Run the Where used report on the Row definitions form.
D) In the Structure designer form, select the Check box and the Simulate check box.

2. 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) Closing purchase order encumbrances is part of the fiscal year closing process.
C) To use encumbrance accounting, posting definitions are required.
D) To use encumbrance accounting with budget appropriation enabled, budget control is required.
E) When the pre-encumbrance process is enabled, the encumbrance process is required.

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

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

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

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

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

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

Solutions:

Question # 1 Answer: D

Question # 2 Answer: C,E

Question # 3 Answer: A

Question # 4 Answer: D

Question # 5 Answer: C