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Microsoft Dynamics AX 2012 Financials Sample Questions:

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

A) In the Consolidation form, click the Delete button.
B) In the consolidation account transactions, click the Reverse transaction button.
C) In the Consolidation form, click the Remove transactions button.
D) In the general ledger journal, create reversal transactions for the consolidation transactions.

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

A) Use the periodic General Ledger function Foreign currency revaluation.
B) Use the periodic Accounts Payable function Foreign currency revaluation.
C) Use the periodic General Ledger function Ledger accounting currency conversion.
D) Use the periodic Accounts Receivable function Foreign currency revaluation.

3. What is the maximum number of collection letter codes that can be created for a collection letter sequence in Microsoft Dynamics AX 2012?

A) 3
B) 6
C) 1
D) 5

4. In Microsoft Dynamics AX 2012, which of the following statements must be true in order to edit the calendar attached to a Depreciation book?

A) No journals or transactions with an Open status exist for the Depreciation book.
B) No journals or transactions with a Suspended status exist for the Depreciation book.
C) No journals or transactions with aclosedstatus exist for the Depreciation book.
D) No journals or transactions with any status exist for the Depreciation book.

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

A) Extraordinary depreciation
B) Bonus depreciation
C) Summarize depreciation
D) Depreciation adjustment

Solutions: