Microsoft Dynamics AX 2012 Financials - MB6-871 Exam Practice Test

Question 1

You need to remove consolidation transactions in Microsoft Dynamics AX 2012. What should you do?

A. In the consolidation account transactions, click the Reverse transaction button.

B. In the Consolidation form, click the Delete button.

C. In the general ledger journal, create reversal transactions for the consolidation transactions.

D. In the Consolidation form, click the Remove transactions button.

Correct Answer: D

Question 2

In Microsoft Dynamics AX 2012, how can you assign fixed asset numbering? (Choose all that apply.)

A. automatically based on a fixed asset calendar

B. automatically based on value models

C. automatically based on fixed asset groups

D. manually

Correct Answer: C,D

Question 3

In Microsoft Dynamics AX 2012, which of the following transactions can be reversed by using the Reverse Transaction functionality? (Choose all that apply.)

A. Fixed Asset transactions thatrelate to fixed asset postings

B. General Ledger transactions that relate to general journal entries

C. Customer transactions that relate to sales orders

D. Vendor transactionsthat relate to purchase orders

Correct Answer: A,B

Question 4

You need to process exchange rate adjustments on eligible main accounts. In Microsoft Dynamics AX 2012, what should you do?

A. Use the periodic Accounts Receivable function Foreign currency revaluation.

B. Use the periodic General Ledger function Ledger accounting currency conversion.

C. Use the periodic General Ledger function Foreign currency revaluation.

D. Use the periodic Accounts Payable function Foreign currency revaluation.

Correct Answer: C

Question 5

In Microsoft Dynamics AX 2012, which fixed
asset transaction type can post simultaneously with standard fixed asset depreciation?

A. Bonus depreciation

B. Summarize depreciation

C. Depreciation adjustment

D. Extraordinary depreciation

Correct Answer: D

Question 6

In Microsoft Dynamics AX 2012, which of the following statements about encumbrance accounting (also known as commitment accounting) are true? (Choose all that apply.)

A. Closing purchase order encumbrances is part of the fiscal year closing process.

B. When the pre-encumbrance process is enabled, the encumbrance process is required.

C. To use encumbrance accounting with budget appropriation enabled, budget control is required.

D. To use encumbrance accounting, posting definitions are required.

E. A sales order is a typical encumbrance transaction for which there has been an expenditure of funds.

Correct Answer: B,D

Question 7

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 only one company.

B. Set up the intercompany journal name in both companies.

C. Set up the intercompany journal name in only one company.

D. Set up the intercompany posting accounts in both companies.

Correct Answer: B,D

Question 8

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

A. A yellow information bar.

B. A Validate button in the action pane.

C. A Justify button in the action pane.

D. A green arrow to start the workflow.

Correct Answer: A

Microsoft Dynamics AX 2012 Financials - MB6-871 Exam Practice Test

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