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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, what is the purpose of an invoice register journal?

A) To enter and then post invoices when they arrive.
B) To pre-register invoices when they arrive and then transfer them to an invoice pool for approval.
C) To use as a voucher template.
D) To display information about invoices that are pending approval.

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

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

4. What is the first step in the process of creating a new financial statement in Microsoft Dynamics AX 2012?

A) Create a dimension set.
B) Design the financial statement row structure.
C) Create the financial statement column definition.
D) Create a row definition.

5. In Microsoft Dynamics AX 2012, which transaction type can be used for fixed asset disposal?

A) Write down
B) Provision for reserve
C) Depreciation adjustment
D) Acquisition adjustment

Solutions:

Question # 1 Answer: B

Question # 2 Answer: D

Question # 3 Answer: B

Question # 4 Answer: A

Question # 5 Answer: B