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| Section | Objectives |
|---|---|
| Topic 1: General Ledger | - Journal processing and posting - Financial period closing and reporting - Chart of accounts setup and management |
| Topic 2: Financial Reporting | - Custom report generation - Standard financial statements |
| Topic 3: Cash and Bank Management | - Bank account setup and reconciliation - Cash flow management |
| Topic 4: Fixed Assets | - Depreciation and disposal processes - Asset acquisition and capitalization |
| Topic 5: Budgeting and Financial Control | - Budget creation and maintenance - Budget control and variance analysis |
| Topic 6: Accounts Receivable | - Credit management and collections - Invoicing and cash application - Customer management and setup |
| Topic 7: Accounts Payable | - Vendor management and setup - Invoice processing and payments - Aging and settlement processes |
| Topic 8: System Setup and Configuration | - Financial module configuration - Posting profiles and parameters |
1. 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 enables you to validate the results of elimination.
C) An elimination journal proposal displays a preview of the results of elimination.
D) An elimination journal proposal can be run only once.
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) Accounts for automatic transactions
B) Posting definitions
C) Customer posting profiles
D) Item posting
3. In Microsoft Dynamics AX 2012 which journal type should you use in the Journal name form if budgets for fixed assets are required?
A) Fixed asset budget
B) Periodic
C) Daily
D) Post fixed asset
4. 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) 4
B) 1
C) 8
D) 2
5. In Microsoft Dynamics AX 2012, when can you use the cross-rate functionality in the Accounts Receivable Settle open transaction form?
A) When the customer invoice has been created by using a free text invoice.
B) When the invoice currency and payment currency are different.
C) When the customer is making an advance payment.
D) When the invoice currency and payment currency are the same.
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |
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