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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Your company plans to charge interest on customer overdue payments. You set up the required interest codes in Microsoft Dynamics AX 2012. What is the next step?

A) Apply the interest codes to the customer master.
B) Apply the interest codes to customer posting profiles.
C) Apply the interest codes to customer parameters.
D) Apply the interest codes to customer groups.

2. In Microsoft Dynamics AX 2012, which of the following transactions can be reversed by using the Reverse Transaction functionality? (Choose all that apply.)

A) Fixed Asset transactions thatrelate to fixed asset postings
B) Vendor transactionsthat relate to purchase orders
C) Customer transactions that relate to sales orders
D) General Ledger transactions that relate to general journal entries

3. You need to ensure that Microsoft Dynamics
AX 2012 does not allow journal transactions for an account to result in a credit balance. What should you do?

A) On the Main accounts form, in the Balance control list, select Debit.
B) On the Main accounts form, in the Main account type list, select Profit and Loss.
C) On the Main accounts form, in the DB/CR proposal list, select Debit.
D) On the Main accounts form, in the DB/CR requirement list, select Debit.

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

A) Use the periodic Accounts Payable function Foreign currency revaluation.
B) Use the periodic General Ledger 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.

5. In Microsoft Dynamics AX 2012, which of the following credit limit tolerances can be set up in Cash and Bank Management? (Choose all that apply.)

A) Error - the system generates an error notification
B) Warning - the system generates a warning notification
C) Confirmthe system prompts the user to confirm
D) Validatethe system prompts the user to validate

Solutions: