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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. On which Microsoft Dynamics AX 2012 list page can you view cash flow forecasts?

A) All production orders
B) All purchase requisitions
C) All sales orders
D) All customers

2. In Microsoft Dynamics AX 2012, which of the following is a mandatory step when posting bridging accounts?

A) Attach a ledger accrual to the journal line.
B) Post the closing account.
C) Set up approvals.
D) Post a payment to a temporary main account.

3. In Microsoft Dynamics AX 2012, what is the purpose of an invoice register journal?

A) To pre-register invoices when they arrive and then transfer them to an invoice pool for approval.
B) To enter and then post invoices when they arrive.
C) To display information about invoices that are pending approval.
D) To use as a voucher template.

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

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

5. You enter a new fixed asset, number FUR-ELC000136, in Microsoft Dynamics AX 2012. When you validate the acquisition journal for the new fixed asset, the system displays the following message: Account for the transaction type, value model, does not exist for fixed asset FUR- ELC000136. What is the cause of the problem?

A) The main account for the acquisition transaction type does not exist in the main account table.
B) The main account for the acquisition transaction type does not exist in the value model.
C) The main account for the acquisition transaction type does not exist in the fixed asset posting profile.
D) The offset account does not exist in the Acquisition journal name form.

Solutions: