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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which fixed asset transaction can you process in the Free text invoice form?

A) Disposal sale
B) Disposal scrap
C) Acquisition
D) Acquisition adjustment

2. Which of the following statements about customer account statements in Microsoft Dynamics AX 2012 are true? (Choose all that apply.)

A) In a multi-company environment, a customer account statement can include transactional data for only one company.
B) If a customer account statement includes multiple currencies, the statement displays the opening and closing balance for each currency.
C) In a multi-company environment, a customer account statement can include transactional data for multiple companies.
D) A customer account statement displays only transactional data for a period.

3. You set up an asset in Microsoft Dynamics AX 2012. What is the initial status of the value model?

A) Not yet acquired
B) Suspended
C) Open
D) Closed

4. In Microsoft Dynamics AX 2012, which additional user interface element exists when a workflow approval is set up for a journal?

A) A green arrow to start the workflow.
B) A yellow information bar.
C) A Justify button in the action pane.
D) A Validate button in the action pane.

5. You need to post an intercompany general ledger journal. In Microsoft Dynamics AX 2012, what should you set up to enable intercompany posting? (Choose all that apply.)

A) Set up the intercompany posting accounts in both companies.
B) Set up the intercompany journal name in only one company.
C) Set up the intercompany posting accounts in only one company.
D) Set up the intercompany journal name in both companies.

Solutions: