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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which of the following are features of approval journals? (Choose all that apply.)

A) Adding an extra layer of approval control by using the posting restriction option.
B) Adding user groups through the workflow management functionality.
C) Applying journal templates after posting but before transferring to history.
D) Setting up journal templates with a mandatory approval setting.

2. In Microsoft Dynamics AX 2012, which of the following statements about depreciation for assets that have not yet been acquired is true? (Choose all that apply.)

A) You can post depreciation for the assets by using the depreciation books journal.
B) You can post depreciation for the assets by using depreciation proposals.
C) You cannot post depreciation for the assets.
D) You can generate depreciation for the assets by using depreciation proposals and specifying a future posting date.

3. You need to set up the main account so that the ledger transactions posted to that account are available for the foreign currency revaluation process. In the Microsoft Dynamics AX 2012 Main account form, which fields should you select? (Choose all that apply.)

A) Consolidation account
B) Foreign currency revaluation
C) Mandatory reference
D) Monetary

4. In Microsoft Dynamics AX 2012, which additional user interface element exists when a workflow approval is set up for a journal?

A) A yellow information bar.
B) A green arrow to start the workflow.
C) A Validate button in the action pane.
D) A Justify button in the action pane.

5. In Microsoft Dynamics AX 2012, which of the following is a mandatory step when posting bridging accounts?

A) Post the closing account.
B) Set up approvals.
C) Post a payment to a temporary main account.
D) Attach a ledger accrual to the journal line.

Solutions: