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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You need to record fixed asset transactions by using journals. In Microsoft Dynamics AX 2012, what should you do?

A) Create transaction text with the type Fixed assetPosting, Ledger.
B) In the General Ledger, create a journal name with the journal type Fixed assets budget.
C) In the General Ledger, create a journal name with the journal type Post fixed assets.
D) In the General Ledger, create a journal for a Depreciation book.

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

3. You set up an asset in Microsoft Dynamics AX 2012. What is the initial status of the value model?

A) Open
B) Not yet acquired
C) Suspended
D) Closed

4. In Microsoft Dynamics AX 2012, where do you enter a budget for a fixed asset?

A) In the fixed asset journal.
B) In the fixed asset budget journal and directly on each fixed asset.
C) In the Fixed asset group form.
D) In the Fixed asset parameters form.

5. In Microsoft Dynamics AX 2012, which of the following statements about a chart of accounts is true?

A) A chart of accounts can be used for only one division of a legal entity.
B) A separate chart of accounts can be used for each division of a legal entity.
C) A chart of accounts can be used for multiple legal entities within an organization.
D) A chart of accounts can be used for no more than one legal entity.

Solutions: