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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) A sales order is a typical encumbrance transaction for which there has been an expenditure of funds.
B) To use encumbrance accounting, posting definitions are required.
C) To use encumbrance accounting with budget appropriation enabled, budget control is required.
D) When the pre-encumbrance process is enabled, the encumbrance process is required.
E) Closing purchase order encumbrances is part of the fiscal year closing process.
2. You need to automatically select all vendor payments that are due within the same week. In Microsoft Dynamics AX 2012, what should you do?
A) Configure a payment fee.
B) Create a payment method and select Date in the Period field.
C) Create a payment method and select Week in the Period field.
D) Configure a payment control.
3. Which type of fixed asset value adjustment is available in Microsoft Dynamics AX 2012?
A) Disposal scrap
B) Write up adjustment
C) Disposal sale
D) Provision for reserve
4. Which of the following statements about the Microsoft Dynamics
AX 2012 Depreciation book is true?
A) The Depreciation book can be re-run as many times as necessary while the periods are open for the Depreciation book.
B) The Depreciation book can be re-run only one time before the periods are closed for the Depreciation book.
C) The Depreciation book cannot be re-run while the periods are open for the Depreciation book.
D) The Depreciation book can be re-run only two times before the periods are closed for the Depreciation book.
5. In Microsoft Dynamics AX 2012, which of the following account types can you choose in a general journal line? (Choose all that apply.)
A) Ledger
B) Project
C) Vendor
D) Item
E) Sales Order
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A,B,C |
By Teresa
