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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which of the following statements about financial dimensions are true? (Choose all that apply.)

A) Financial dimensions can be created by using a form.
B) Only the default financial dimensions are allowed.
C) A user can create an unlimited number of financial dimensions.
D) Financial dimensions can be created by using a wizard.

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

3. When posting year-end transactions in Microsoft Dynamics AX 2012, which posting layer is designed for the closing sheet?

A) Opening
B) Current
C) Operations
D) Closing

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

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

5. In Microsoft Dynamics AX 2012, which type of round-off can you apply to a sales tax group?

A) Sales tax provisions
B) Sales tax exemptions
C) Sales tax intervals
D) Sales tax codes

Solutions: