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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You need to process exchange rate adjustments on eligible main accounts. In Microsoft Dynamics AX 2012, what should you do?

A) Use the periodic General Ledger function Foreign currency revaluation.
B) Use the periodic Accounts Payable function Foreign currency revaluation.
C) Use the periodic Accounts Receivable function Foreign currency revaluation.
D) Use the periodic General Ledger function Ledger accounting currency conversion.

2. In Microsoft Dynamics AX 2012 which journal type should you use in the Journal name form if budgets for fixed assets are required?

A) Post fixed asset
B) Periodic
C) Fixed asset budget
D) Daily

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

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

4. 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 a subset of the value of a fixed asset.
C) Value models are optional when setting up depreciation for a fixed asset.
D) Value models are used to assign additional life cycles to a fixed asset.

5. 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 for a Depreciation book.
C) In the General Ledger, create a journal name with the journal type Post fixed assets.
D) In the General Ledger, create a journal name with the journal type Fixed assets budget.

Solutions: