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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which of the following are features of approval journals? (Choose all that apply.)

A) Setting up journal templates with a mandatory approval setting.
B) Adding user groups through the workflow management functionality.
C) Applying journal templates after posting but before transferring to history.
D) Adding an extra layer of approval control by using the posting restriction option.

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

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

3. You need to set up Foreign Currency Consolidation in Microsoft Dynamics AX 2012 to automatically post differences that result from consolidating subsidiaries with foreign currencies. What should you set up in the General Ledger?

A) rounding rules in the Currencies form
B) an account for automatic Penny difference in accounting currency transactions
C) an account for automatic Penny difference in reporting currency transactions
D) an account for automatic Balance account for consolidation differences transactions

4. You need to automatically process sales tax payment settlements.
In Microsoft Dynamics AX 2012, what should you do?

A) Use the Sales Tax Payment periodic job in the General Ledger module.
B) Use the general ledger journal settlement function.
C) Use the Settle open transactions function in the vendor table.
D) Use the payment journal settlement function when processing a payment.

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

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

Solutions: