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Microsoft Dynamics AX 2012 Financials Sample Questions:

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

2. In Microsoft Dynamics AX 2012, the accounting currency is set to USD (United States dollars). You create a sales order that has a currency of CAD (Canadian dollars). When you generate the invoice, Microsoft Dynamics AX 2012 displays an error message that the account for penny differences in accounting currency is missing. You need to correct the error. What should you configure?

A) Accounts for automatic transactions
B) Posting definitions
C) Customer posting profiles
D) Item posting

3. You need to delete a check from Microsoft Dynamics AX 2012. What status must the check have before it can be deleted?

A) Void
B) Invoiced
C) Created
D) Processed

4. You need to automatically create a fixed asset from a purchase order when an invoice is posted. In Microsoft Dynamics AX 2012, which of the following actions should you perform?

A) Configure the fixed asset acquisition methods.
B) Configure the fixed asset posting profile.
C) Select the Create asset during product receipt or invoice posting fixed asset parameter.
D) Select the Allow asset acquisition from Purchasing fixed asset parameter.
E) Select the Check for fixed assets creation during line entry fixed asset parameter.

5. In Microsoft Dynamics AX 2012, which of the following statements must be true in order to edit the calendar attached to a Depreciation book?

A) No journals or transactions with an Open status exist for the Depreciation book.
B) No journals or transactions with a Suspended status exist for the Depreciation book.
C) No journals or transactions with any status exist for the Depreciation book.
D) No journals or transactions with aclosedstatus exist for the Depreciation book.

Solutions: