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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, where can you review value models that are linked to a fixed asset?

A) In the Fixed asset parameters form.
B) In the Fixed asset posting profile form.
C) In the Fixed asset group form.
D) In the corresponding main account.

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

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

3. While invoice-updating a sales order, Microsoft Dynamics AX 2012 displays the following error. Account number for transaction type Tax does not exist. You need to resolve the error. What should you do?

A) In the Customer posting profiles form, set the sales tax prepayment main account for the customer.
B) In the Ledger posting groups form, specify the main account for the corresponding ledger posting group.
C) In the Sales tax codes form, set the ledger posting group for the tax combination from the sales order.
D) Create a record in the item Posting form for the sales tax group that is used in the sales order.

4. In Microsoft Dynamics AX 2012, what is the process of Accounts Payable three-way invoice matching?

A) Matching the customer invoice, purchase order, and product receipts information.
B) Matching the vendor invoice, sales order, and product receipts information.
C) Matching the vendor invoice, purchase order, and product receipts information.
D) Matching the customer invoice, sales order, and product receipts information.

5. In Microsoft Dynamics AX 2012, which fixed
asset transaction type can post simultaneously with standard fixed asset depreciation?

A) Depreciation adjustment
B) Extraordinary depreciation
C) Bonus depreciation
D) Summarize depreciation

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