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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which of the following types of information are required to create a journal entry line in the General Ledger? (Choose all that apply.)

A) Account name
B) Transaction text
C) Debit or Credit amount
D) Offset account
E) Dimension
F) Account
G) Accounting date

2. 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) When the pre-encumbrance process is enabled, the encumbrance process is required.
B) To use encumbrance accounting with budget appropriation enabled, budget control is required.
C) A sales order is a typical encumbrance transaction for which there has been an expenditure of funds.
D) To use encumbrance accounting, posting definitions are required.
E) Closing purchase order encumbrances is part of the fiscal year closing process.

3. Which of the following statements about Microsoft Dynamics AX 2012 elimination journal proposals are true? (Choose all that apply.)

A) An elimination journal proposal displays a preview of the results of elimination.
B) An elimination journal proposal posts automatically.
C) An elimination journal proposal can be run only once.
D) An elimination journal proposal enables you to validate the results of elimination.

4. In Microsoft Dynamics AX 2012, what process allows you to view inconsistencies at the bottom of a printed financial statement?

A) Create an exceptionrow type in the row definition.
B) Print the miscellaneous section of the financial statement.
C) Print the footer section of the financial statement.
D) Create a dimension set section in the row definition.

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

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

Solutions: