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Microsoft MB6-871 Exam Syllabus Topics:

Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Which of the following statements about value models for fixed assets in Microsoft Dynamics AX 2012 is true?

A) Value models connect all financial information about fixed assets.
B) Value models are optional when setting up depreciation for a fixed asset.
C) Value models are used to assign additional life cycles to a fixed asset.
D) Value models are a subset of the value of a fixed asset.

2. When posting year-end transactions in Microsoft Dynamics AX 2012, which posting layer is designed for the closing sheet?

A) Closing
B) Current
C) Operations
D) Opening

3. In Microsoft Dynamics AX 2012, which of the following is a requirement for using centralized payments?

A) The currency codes in both companies must be the same.
B) The posting profile IDs for each of the companies must be unique.
C) The method of payment for each of the companies must be unique.
D) Companies must be connected in an organizational hierarchy.

4. Which of the following actions can you perform when defining the fiscal yearend close parameters in Microsoft Dynamics AX 2012?

A) Set the Main accounts to the default value for the new fiscal year.
B) Create an opening balance for the new fiscal year.
C) Delete close-of-year transactions during transfer.
D) Set the period status to current for new fiscal periods.

5. You need to set up the Microsoft Dynamics
AX 2012 chart of accounts for intercompany transactions. Which ledger account type should you specify for the Due to and Due from ledger accounts?

A) Profit and loss
B) Balance sheet
C) Revenue
D) Reporting

Solutions: