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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Your company has more than 500 customers. You plan to set up customer groups in Microsoft Dynamics AX 2012 to support the creation of the customer master. What is the minimum number of customer groups that you must set up?

A) 2
B) 8
C) 4
D) 1

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

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

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

4. You need to record fixed asset transactions by using journals. In Microsoft Dynamics AX 2012, what should you do?

A) Create transaction text with the type Fixed assetPosting, Ledger.
B) In the General Ledger, create a journal name with the journal type Post fixed assets.
C) In the General Ledger, create a journal name with the journal type Fixed assets budget.
D) In the General Ledger, create a journal for a Depreciation book.

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

Solutions: