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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You need to assign bar codes to fixed assets in Microsoft Dynamics AX 2012. What should you do?

A) Set up number sequences on Accounts Payable module parameters.
B) Set up number sequences on General Ledger module parameters.
C) Set up number sequences on Inventory module parameters.
D) Set up special number sequences on each fixed asset group.

2. You need to automatically process sales tax payment settlements.
In Microsoft Dynamics AX 2012, what should you do?

A) Use the payment journal settlement function when processing a payment.
B) Use the Settle open transactions function in the vendor table.
C) Use the general ledger journal settlement function.
D) Use the Sales Tax Payment periodic job in the General Ledger module.

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

A) Use the periodic General Ledger function Ledger accounting currency conversion.
B) Use the periodic Accounts Payable function Foreign currency revaluation.
C) Use the periodic General Ledger function Foreign currency revaluation.
D) Use the periodic Accounts Receivable function Foreign currency revaluation.

4. 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 pre-register invoices when they arrive and then transfer them to an invoice pool for approval.
C) To use as a voucher template.
D) To enter and then post invoices when they arrive.

5. 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) 4
B) 1
C) 2
D) 8

Solutions: