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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, you generate a fixed assets acquisition transaction directly from a purchase order invoice. Where will the associated General Ledger postings be made?

A) To only the Fixed asset receipt account.
B) To the Fixed asset issue and Fixed asset receipt accounts.
C) To only the Fixed asset suspense account.
D) To only the Fixed asset issue account.

2. In Microsoft Dynamics AX 2012, which of the following statements about financial dimensions are true? (Choose all that apply.)

A) Only the default financial dimensions are allowed.
B) A user can create an unlimited number of financial dimensions.
C) Financial dimensions can be created by using a form.
D) Financial dimensions can be created by using a wizard.

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

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

4. In Microsoft Dynamics AX 2012, where can you review value models that are linked to a fixed asset?

A) In the Fixed asset posting profile form.
B) In the corresponding main account.
C) In the Fixed asset parameters form.
D) In the Fixed asset group form.

5. 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.

Solutions: