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| Section | Objectives |
|---|---|
| Topic 1: General Ledger | - Chart of accounts setup and management - Journal processing and entries - Posting profiles and financial dimensions - Financial reporting and statements |
| Topic 2: Accounts Receivable | - Customer setup and management - Collections and payment processing - Sales invoices and credit management |
| Topic 3: Cash and Bank Management | - Payment journals and deposits - Cash flow management - Bank account setup and reconciliation |
| Topic 4: Budgeting and Financial Control | - Budget creation and maintenance - Budget control and tracking |
| Topic 5: Accounts Payable | - Payment processing and settlements - Invoice processing and approvals - Vendor setup and management |
| Topic 6: Fixed Assets | - Depreciation and value models - Asset disposal and reporting - Asset acquisition and setup |
| Topic 7: Period Close and Reporting | - Month-end and year-end closing processes - Financial consolidation and reporting |
1. You need to delete a check from Microsoft Dynamics AX 2012. What status must the check have before it can be deleted?
A) Created
B) Invoiced
C) Void
D) Processed
2. 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 aclosedstatus exist for the Depreciation book.
B) No journals or transactions with any status exist for the Depreciation book.
C) No journals or transactions with an Open status exist for the Depreciation book.
D) No journals or transactions with a Suspended status exist for the Depreciation book.
3. 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
4. In Microsoft Dynamics AX 2012, which type of round-off can you apply to a sales tax group?
A) Sales tax intervals
B) Sales tax provisions
C) Sales tax exemptions
D) Sales tax codes
5. 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 Sales tax codes form, set the ledger posting group for the tax combination from the sales order.
B) In the Ledger posting groups form, specify the main account for the corresponding ledger posting group.
C) Create a record in the item Posting form for the sales tax group that is used in the sales order.
D) In the Customer posting profiles form, set the sales tax prepayment main account for the customer.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
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