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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, what is budget control functionality?

A) incremental budgeting
B) a process in the Workflow Management module
C) a method of ensuring that sufficient budget funds are available for planned or actual purchases
D) zero-based budgeting

2. In Microsoft Dynamics AX 2012, which of the following bank account status options are available? (Choose all that apply.)

A) Active for all transactions
B) Open
C) Inactive for new transactions
D) Closed

3. You need to assign bar codes to fixed assets in Microsoft Dynamics AX 2012. What should you do?

A) Set up number sequences on General Ledger module parameters.
B) Set up number sequences on Accounts Payable module parameters.
C) Set up special number sequences on each fixed asset group.
D) Set up number sequences on Inventory module parameters.

4. In Microsoft Dynamics AX 2012, what is two-way invoice matching?

A) Matching the price information on the intercompany sales order to the price information on the intercompany purchase order.
B) Matching the quantity information on the invoice to the quantity information on the purchase order.
C) Matching the quantity information on the invoice to the quantity information on selected product receipts.
D) Matching the price information on the invoice to the price information on the purchase order.

5. 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.

Solutions: