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| Section | Objectives |
|---|---|
| Topic 1: Budgeting and Financial Control | - Budget control and tracking - Budget creation and maintenance |
| Topic 2: Accounts Payable | - Vendor setup and management - Invoice processing and approvals - Payment processing and settlements |
| Topic 3: Period Close and Reporting | - Financial consolidation and reporting - Month-end and year-end closing processes |
| Topic 4: General Ledger | - Chart of accounts setup and management - Journal processing and entries - Financial reporting and statements - Posting profiles and financial dimensions |
| Topic 5: Accounts Receivable | - Collections and payment processing - Sales invoices and credit management - Customer setup and management |
| Topic 6: Cash and Bank Management | - Payment journals and deposits - Bank account setup and reconciliation - Cash flow management |
| Topic 7: Fixed Assets | - Depreciation and value models - Asset disposal and reporting - Asset acquisition and setup |
1. In Microsoft Dynamics AX 2012, which of the following transactions can be reversed by using the Reverse Transaction functionality? (Choose all that apply.)
A) General Ledger transactions that relate to general journal entries
B) Fixed Asset transactions thatrelate to fixed asset postings
C) Customer transactions that relate to sales orders
D) Vendor transactionsthat relate to purchase orders
2. You enter a new fixed asset, number FUR-ELC000136, in Microsoft Dynamics AX 2012. When you validate the acquisition journal for the new fixed asset, the system displays the following message: Account for the transaction type, value model, does not exist for fixed asset FUR- ELC000136. What is the cause of the problem?
A) The offset account does not exist in the Acquisition journal name form.
B) The main account for the acquisition transaction type does not exist in the main account table.
C) The main account for the acquisition transaction type does not exist in the fixed asset posting profile.
D) The main account for the acquisition transaction type does not exist in the value model.
3. In Microsoft Dynamics AX 2012, which of the following statements about depreciation for assets that have not yet been acquired is true? (Choose all that apply.)
A) You cannot post depreciation for the assets.
B) You can post depreciation for the assets by using depreciation proposals.
C) You can post depreciation for the assets by using the depreciation books journal.
D) You can generate depreciation for the assets by using depreciation proposals and specifying a future posting date.
4. In Microsoft Dynamics AX 2012, which fixed asset transaction can you process in the Free text invoice form?
A) Disposal sale
B) Acquisition adjustment
C) Acquisition
D) Disposal scrap
5. In Microsoft Dynamics AX 2012, which of the following bank account status options are available? (Choose all that apply.)
A) Inactive for new transactions
B) Open
C) Active for all transactions
D) Closed
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: C | Question # 3 Answer: A,D | Question # 4 Answer: A | Question # 5 Answer: A,C |
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