Financials

Question 1

You need to ensure that you have the most current data to manage customer collections.
What should you do first?
A) A customer account statement
B) A customer balance list
C) A customer ageing snapshot
D) A customer pool

Answer 1

Answer: B

Question 2

You need to add general journal voucher lines.
Which three selections are valid account types? Each correct answer presents a complete solution.
A. Fixed assets
B. Bank
C. Purchase order
D. Ledger
E. Item

Answer 2

Answer: A, C, D

Question 3

What is the purpose of collections cases?
A. To record nonsufficient funds (NSF) payments
B. To calculate interest on overdue transactions
C. To group collection activities and transactions
D. To write off transactions that have been deemed uncollectable

Answer 3

Answer: B

Question 4

Which two transactions can be reversed? Each correct answer presents a complete solution.
A. A sales order
B. An unposted depreciation transaction
C. Fixed asset depreciation adjustment
D. Vendor payments
E. A transaction that has already been reversed

Answer 4

Answer: A, B

Question 5

When you post an invoice, you receive an error message.
Which two actions does the system apply to the invoice? Each correct answer presents a complete solution.
A. The error log is presented to the user and then deleted.
B. The error log is presented to the user and then saved.
C. The invoice is placed in the pending vendor invoices list.
D. The invoice is placed on hold.

Answer 5

Answer: B, C

Question 6

In which two situations can you print a pro forma invoice? Each correct answer presents a complete solution.
A. As an estimate of a free text invoice
B. As an estimate of a customer invoice for a sales order
C. As a request for payment for a past due invoice
D. As a replacement for a lost invoice

Answer 6

Answer: A, D

Question 7

You are setting up cash flow forecasting in Microsoft Dynamics AX 2012.
You need to ensure that the budget entries are shown in the cash flow.
Which action should you perform?
A. Set up the settle accounts for the vendor/customer posting profiles to include with the budget accounts.
B. Set up the cash flow forecast in the Accounts receivable and Accounts payable modules.
C. Include the cash flow forecast for the budget model.
D. Calculate the cash flow forecasts for the budget accounts.

Answer 7

Answer: C

Question 8

What are three account types that you can choose in a General ledger journal voucher? Each correct answer presents a complete solution.  
A. Inventory 
B. Customer 
C. Vendor 
D. Item 
E. Project

Answer 8

Answer: A, B, D

Question 9

You are processing a vendor payment. You attempt to print a check from Microsoft Dynamics AX 2012. Due to printer issues, the check is damaged and the journal is not yet posted. You need to cancel the check. What should you do?
A. On the Transactions form, use the Reverse transactions functionality, and post a transaction reversal.
B. On the Bank accounts form, use the Delete checks functionality, and delete the check.
C. On the Payment journal form, use the Payment status functionality, and set the status as Rejected
D. On the Checks form, use the Payment reversals functionality, and post the check reversal journal.

Answer 9

Answer: C

Question 10

You are setting up cash flow management in your organization by using Microsoft Dynamics AX 2012. A delay of five days is expected from the due date of the payments to the date on which the payments are drawn from your bank account Where on the Vendor groups form should you set up this delay? 
A. The Forecast tab 
B. The Settle period field 
C. The Default account setup tab 
D. The Terms of payment field

Answer 10

Answer: A

Question 11

Which statement about generating deposit slips is correct?
A. You can generate one deposit slip per bank account for multiple journals.
B. You can generate one deposit slip for multiple journals each day.
C. You can generate one deposit slip per journal per bank account.
D. You can generate separate deposit slips for each voucher depending on the number of vouchers in a journal.

Answer 11

Answer: A

Question 12

Your company uses two-way matching to create vendor invoices.
Which elements are used in the two-way matching process?
A. Quantity received and quantity invoiced
B. Price information on the invoice and price information on the purchase order
C. Invoice total amount and the total amount on the purchase order
D. Quantity ordered on the purchase order and quantity invoiced

Answer 12

Answer: D

Question 13

You are implementing Microsoft Dynamics AX 2012 for an organization that has multiple regions of operation.
The organization has a policy that states that centralized payments should be processed through the main office.
Which three actions should you perform to enable centralized payments? Each correct answer presents part of the solution.
A. Set up the organizational hierarchy and the organization hierarchy purposes.
B. Set up intercompany accounting.
C. Set up currencies and their respective exchange rates.
D. Set up a bridging account.
E. Set up accrual schemes.

Answer 13

Answer: A, B, D

Question 14

To which two entities can you lend a fixed asset? Each correct answer presents a complete solution.  
A. Another legal entity LIB 
B. A fixed asset group 
C. A contractor 
D. An employee

Answer 14

Answer: A, D

Question 15

Which three methods can you use to assign bar codes to fixed assets? Each correct answer presents a complete solution.
A. Automatically assign the bar codes when you create fixed assets.
B. Assign the bar codes to fixed assets groups.
C. Automatically assign the bar codes based on the fixed asset journal type.
D. Assign the bar codes to current fixed assets.
E. Manually assign the bar codes when you create fixed assets.

Answer 15

Answer: A, B, D

Question 16

You are implementing fixed assets for your company.
The company requires the following business process for creating assets:
1. A worker completes a capital expenditure form and submits it to the accounting department for review and approval.
2. After the form is approved, the asset is created.
3. A purchasing agent creates a purchase order and submits it to the vendor for processing.
4. When the invoice is received from the vendor, the accounts payable clerk processes an invoice to acquire the asset. No other users are allowed to process the acquisition.
You need to configure Microsoft Dynamics AX to meet these requirements.
Which two configurations should you complete? Each correct answer presents part of the solution.
A. Configure the Business rule for fixed assets determination rule.
B. Set the Create asset during product receipt or invoice posting parameter to true.
C. Configure a user group for the Restrict asset acquisition posting to user group parameter.
D. Set the Check for fixed assets creation during line entry parameter to true.
E. Set the Allow asset acquisition from Purchasing parameter to true

Answer 16

Answer: A, D

Question 17

You need to configure fixed assets so that information such as asset purchase, depreciation, revaluation, adjustment, and sale or disposal is tracked over the lifetime of the assets.
Which form tracks this financial information?
A. Fixed asset value models form
B. Fixed assets form
C. Fixed asset depreciation books form
D. Fixed asset groups form

Answer 17

Answer: C

Question 18

What does a depreciation convention determine?
A. The number of periods over which a fixed asset should be depreciated
B. Whether a fixed asset should be depreciated
C. The amount of depreciation to apply in the first and last years of a fixed asset’s useful life
D. The amount of depreciation to apply to each period of a fixed asset’s useful life

Answer 18

Answer: C

Question 19

You need to configure how fixed assets will be numbered.
Which two techniques accomplish this goal? Each correct answer presents a
A. Manually assign a number to each fixed asset.
B. Automatically number fixed assets based on fixed asset groups
C. Manually assign a number to each fixed asset group.
D. Automatically number fixed assets based on a fixed asset calendar.

Answer 19

Answer: A, C

Question 20

Which three transaction types can you use to dispose of an asset? Each correct answer presents a complete solution.  
A. Provision for reserve 
B. Write off 
C. Extraordinary depreciation
D. Sale 
E. Scrap

Answer 20

Answer: B, C, D

Question 21

Which step must be taken before you can record an acquisition of a fixed asset on the General journal form?
A. Create a fixed asset workflow.
B. Create a fixed asset record.
C. Create a fixed asset budget register entry.
D. Create a vendor invoice.

Answer 21

Answer: D

Question 22

Which two documents can you use to set up fixed asset acquisitions? Each correct answer presents a complete solution.  
A. Free text invoice 
B. Invoice journal 
C. Sales order 
D. Purchase order

Answer 22

Answer: A, D

Question 23

An organization has a policy of charging depreciation based on the usage of the fixed asset in a fiscal year.
You need to configure depreciation according to this policy.
Which depreciation method should you use?
A. Straight line service life
B. Reducing balance
C. Factor
D. Consumption

Answer 23

Answer: B

Question 24

You are using a voucher template to create a journal voucher. The template type is Percent.
The template has four lines with the following amounts: First line: $100 Second line: $200 Third line: S300 Fourth line: $400
When prompted for a voucher amount you enter $2,000.
What is the default amount on the third line of the journal voucher?
A. $150
B. $300
C. $600
D. $2,000

Answer 24

Answer: C

Question 25

You are implementing Microsoft Dynamics AX 2012. You need to set up invoices for payment so they are summed up for the payment proposal period. Which period option should you choose? A. Invoice B. Total C. Date D. Week

Answer 25

Answer: D

Question 26

You are setting up the cash flow forecast in Microsoft Dynamics AX for your organization. The organization has accounts that are identified as cash or cash equivalents. You need to set up these accounts as liquidity accounts for cash flow forecast purposes. Where do you set up the accounts? A. In the Customers area of the Accounts receivable module setup B. In the Vendors area of the Accounts payable module setup C. In the Cash and bank management parameters form of the Cash and bank management module D. In the Posting area of the General ledger module setup

Answer 26

Answer: B

Question 27

You create a new bank account. You configure the check layout to be fixed. You need to create the first batch of checks. Where should you create the checks? A. The Checks form that is accessed from the Bank account form B. The Payment journal form that is accessed from the Journals area of the Accounts payable module C. The Checks form that is accessed from the Common area of the Cash and bank management module D. The Bank documents area that is accessed from the Setup area of the Cash and bank management module

Answer 27

Answer: C

Question 28

A vendor contacts you about an unpaid invoice. You verify that a check was printed and mailed one month ago. The vendor did not receive the check. You need to reissue a check to the vendor. Which action should you perform? A. Create a reversing entry by using the General journal form, and then reissue the payment. B. Void the check from the original payment journal, and then reissue the payment. C. Reverse the payment from the Vendor transactions form, and then reissue the payment. D. Process a payment reversal from the Checks form, and then reissue the payment.

Answer 28

Answer: C

Question 29

In which three scenarios can you use a free text invoice? Each correct answer presents a complete solution. A. To invoice a customer for miscellaneous charges B. To acquire a fixed asset C. To sell a fixed asset to a customer D. To sell an inventory item to a one-time customer E. To produce recurring service invoices for customers

Answer 29

Answer: A, B, D

Question 30

You have enabled the Bill of exchange feature in Microsoft Dynamics AX. You post a protest bill of exchange to a customer account. Which account type on the customer posting profile should be debited? A. Settle account B. Summary account C. Write-off account D. Liabilities for discount account

Answer 30

Answer: D

Question 31

You need to revalue the foreign currency transactions in the Accounts payable subledger. Which two statements describe what the foreign currency revaluation job accomplishes? Each correct answer presents a complete solution. A. Settled vendor transactions are revalued by using the effective exchange rate for the specified date. B. Open vendor transactions are revalued by using the effective exchange rate for the specified date. C. The differences between the original posted amounts and the revalued amounts are posted to vendor accounts as unrealized transactions. D. The differences between the original posted amounts and the revalued amounts are posted to vendor accounts as realized transactions.

Answer 31

Answer: A, C

Question 32

You apply a customer payment. The payment amount is less than the amount of the invoice. What are two results of this payment? Each correct answer presents part of the solution. A. The payment remains open for the amount of the difference between the payment and the invoice. B. The invoice remains open for the amount of the difference between the payment and the invoice. C. The payment is settled and closed. D. The invoice is settled and closed.

Answer 32

Answer: B, C

Question 33

What is the difference in the setup of periodic journals and voucher templates? A. You can modify the account type in voucher templates. B. Voucher templates can contain multiple vouchers. C. You can modify the account type in periodic journals. D. Periodic journals can contain only one voucher.

Answer 33

Answer: D

Question 34

In which two scenarios should you use a periodic journal? Each correct answer presents a complete solution. A. You prepaid your annual insurance and want to amortize the expense monthly throughout the year. B. You need to revalue automatically foreign currency transactions in the general ledger based on the month-end exchange rates. C. You need to automatically allocate your monthly indirect expenses to departments based on departmental revenue for the month. D. You need to pay a fixed management fee on the first day of every quarter.

Answer 34

Answer: A, C

Question 35

You need to generate a vendor prepayment in a payment journal. Which two processes should you complete before posting a prepayment? Each correct answer presents part of the solution. A. Set up a prepayment posting profile. B. Set up a prepayment in a purchase order. C. Create a payment journal for the prepayment. D. Create a vendor invoice for the prepayment.

Answer 35

Answer: A, C

Question 36

What is the purpose of a budget model? A. To assign a budget type to the budget register entries B. To group budget register transactions C. To assign workflow to budget register entries D. To select the financial dimensions to use for budgeting

Answer 36

Answer: A

Question 37

You are configuring Microsoft Dynamics AX for basic budgeting. Which two setups are optional? Each correct answer represents a complete solution. A. Reason codes B. Workflows C. Budget models D. Journal names E. Budget codes

Answer 37

Answer: C, D

Question 38

What is the purpose of budget control? A. To set financial and operational goals B. To analyze and update budget plans C. To enforce that sufficient budget funds are available for planned or actual purchases D. To consolidate multiple budget plans into a single parent budget

Answer 38

Answer: D

Question 39

Which three settings can be defined when configuring budget control? Each correct answer presents a complete solution. A. The source documents and accounting journals that are subject to budget control B. The main accounts and financial dimensions to be checked C. The budget planning stages D. The workflow approvals required when the budget is exceeded E. The budget funds that are available

Answer 39

Answer: A, B, D

Question 40

You are configuring budgets for your organization. Your organization uses a scientifically calculated, predefined percentage of direct expenses for each of its departments. You need to define these percentages so that the budget automatically allocates to these departments from the main accounts. What should you configure? A. Budget period allocation keys B. Budget control rules C. Budget transfer rules D. Budget allocation terms

Answer 40

Answer: B

Question 41

``` Which two elements are required to create a budget plan in Microsoft Dynamics AX 2012? Each correct answer presents part of the solution. A. Budget plan priority B. Budget plan preparer C. Budget planning user group D. Budget planning process ```

Answer 41

Answer: A, C

Question 42

What is the purpose of a budget planning stage? A. To identify categories and objectives for a budget plan B. To identify the quantities or amounts that are included in a budget plan C. To identify the steps that a budget plan goes through D. To link the budget plan workflows to the budget plan scenarios

Answer 42

Answer: A

Question 43

You need to configure a workflow to approve all budget amounts at the line level. Which workflow configuration type should you use? A. Budget register entry workflow B. Ledger fixed assets budget journal workflow C. Budget plan workflows D. Budget account entry workflow

Answer 43

Answer: A

Question 44

You are performing a bank account reconciliation. On the account statement, you notice bank charges and bank interest. These charges and interest are unrecorded. You want to record these transactions simultaneously with the bank reconciliation. Where can you define the default accounts for such unrecorded bank transactions? A. On the Bank transaction groups form B. On the Bank accounts form C. On the Reconciliation matching rules form D. On the Bank transaction types form

Answer 44

Answer: A

Question 45

``` Which entity is used to define sales tax percentages or amounts? A. Sales tax groups B. Sales tax authorities C. Item sales tax groups D. Sales tax codes ```

Answer 45

Answer: A

Question 46

``` Which type of transactions require a bank transaction type to be set up on the Cash and bank management parameters form? A. Non-sufficient fund transactions B. Bank fee transactions C. Bank reconciliation transactions D. Vendor payment transactions ```

Answer 46

Answer: B

Question 47

Your organization has a policy of validating the accuracy of beneficiary account details such as routing numbers and account numbers. Which functionality in Microsoft Dynamics AX 2012 should you set up? A. Deposit slip B. Letter of guarantee C. Prenotes D. Bank reconciliation

Answer 47

Answer: D

Question 48

``` Which two forms can be used to assign a default item sales tax group? Each correct answer presents a complete solution. A. Vendors B. Products C. Released products D. Customers E. General ledger parameters ```

Answer 48

Answers: A, C

Question 49

Your company uses a fiscal calendar that has the following pattern: First fiscal period is four weeks long. Second fiscal period is four weeks long. Third fiscal period is five weeks long. This pattern repeats throughout the entire fiscal year. You need to configure the fiscal calendar in Microsoft Dynamics AX. How should you create the fiscal calendar? A. Set the Unit to Days, and then enter the number of days appropriately. B. Set the Unit to Years, and then use the Divide period function to divide the periods appropriately C. Set the Unit to Months, and then use the Divide period function to divide the periods appropriately. D. Set the Unit to Weeks, and then enter the number of weeks appropriately.

Answer 49

Answers: B

Question 50

The accounts receivable manager runs a foreign currency revaluation on February 5. The foreign currency revaluation has a considered date of January 31. The period closing for this revaluation is set for January 31. What is the result of this invoice revaluation if the invoice is settled on February 3? A. The revaluation includes only documents that have settled amounts on the considered date. B. The revaluation excludes documents that have been settled on the considered date. C. The revaluation includes all documents, including unposted, that have open amounts on the considered date. D. The revaluation includes all documents, excluding unposted, that have open amounts on the considered date.

Answer 50

Answer: B

Question 51

Your company plans to implement vendor invoice matching. Your company policy states that vendor invoices must be reviewed to compare the prices and quantities on the invoices for accuracy. You need to configure the invoice matching setup. Which type of invoice matching should you configure? A. Charges matching B. Three-way matching C. Invoice totals matching D. Two-way matching

Answer 51

Answer: C

Question 52

You have an invoice for $10,000. One payment of $3,000 has already posted against this invoice. You need to allow cash discounts on the $3,000 payment. Which action should you perform? A. On the Accounts receivable parameters form, select the Calculate cash discounts for partial payments check box. B. On the Accounts receivable parameters form, select the Calculate cash discounts for credit notes check box. C. On the Cash discounts form, define the Discount principle area. D. On the Accounts receivable parameters form, select the Automatic settlement check box.

Answer 52

Answer: C

Question 53

``` What are three operating units that can be used as a financial dimension? Each correct answer presents a complete solution. A. Departments B. Business units C. Positions D. Cost centers E. Teams ```

Answer 53

Answer: A, B, D

Question 54

You enable invoice matching validation by using Microsoft Dynamics AX. Your organization has a policy that requires you to monitor freight cost variances by matching the purchase order to the vendor invoices. Which type of matching should you use? A. Charges matching B. Two-way matching C. Three-way matching D. Invoice totals matching

Answer 54

Answer: D

Question 55

You are the administrator for a multinational corporation (MNC). The corporation uses multiple chart of accounts and their corresponding financial dimension sets to meet the requirements of different regions. Each region is defined as a separate legal entity. You have defined multiple account structures as a combination of chart of accounts and dimensions. You need to assign these account structures to a specific region. Which form should you use to accomplish this goal? A. Posting definitions B. Ledger C. Configure account structures D. Ledger allocation rule

Answer 55

Answer: B

Question 56

Which two options prevent new checks from posting to a bank account? Each correct answer presents a complete solution. A. Set the active dates on the selected Bank account form. B. Set the active dates on the selected Main account form. C. Select the Use review process for payment reversals parameter. D. Select the Use review process for deposit slip payment cancellations parameter.

Answer 56

Answer: A, B

Question 57

You need to record fixed asset transactions by using journals. What should you configure before you can begin the recording process? A. A journal name that uses the Fixed asset budget journal type B. A journal name that uses the Post fixed assets journal type C. A depreciation book journal name D. A default Fixed asset - posting, ledger description

Answer 57

Answer: C

Question 58

You need to acquire a fixed asset by using a purchase order. Which two actions must be completed on the Fixed assets parameters form to achieve this goal? Each correct answer presents part of the solution. A. Set up a number sequence for purchasing. B. Set parameters to allow the asset acquisition from purchasing. C. Set fixed asset parameters to restrict the asset acquisition posting to a user group. D. Set fixed asset parameters to create the asset during product receipt or invoice posting.

Answer 58

Answer: B, C

Question 59

``` In which three modules can a fixed asset be acquired? Each correct answer presents a complete solution. A. General ledger module B. Budgeting module C. Accounts payable module D. Accounts receivable module E. Inventory module ```

Answer 59

Answer: A, B, D

Question 60

``` Which three objects can be used to define fixed asset posting profiles? Each correct answer presents part of the solution. A. Asset type B. Fixed asset group C. Asset activity code D. Transaction type E. Value model ```

Answer 60

Answer: A, B, D

Question 61

You need to create a fixed asset that records depreciation quarterly. Which form should you use to configure the period frequency for posting depreciation? A. Value models B. Depreciation profiles C. Special depreciation allowance D. Depreciation books

Answer 61

Answer: A

Question 62

You need to update the depreciation periods for a specific fixed asset. Where can you update the depreciation periods? A. On the value model for the fixed asset B. On the Fixed asset parameters form C. On the main account for the fixed asset D. On the Fixed asset group form

Answer 62

Answer: D

Question 63

An asset reaches the end of its usable life. You need to generate a document and record the sale of this asset. What should you create? A. A return purchase order B. A free text invoice C. A sales order D. A fixed asset journal

Answer 63

Answer: A

Question 64

You receive approval for a new capital expenditure. You need to enter the budgeted amounts in Microsoft Dynamics AX. In which two areas can you enter the amounts? Each correct answer presents a complete solution. A. The budget register entry in which the offset account is equal to the new fixed asset B. A general journal in which the offset account is equal to the new fixed asset C. A fixed asset journal in which the account is equal to the new fixed asset D. The fixed asset budget journal in which the account is equal to the new fixed asset E. The budget for the value models related to the new fixed asset

Answer 64

Answer: C, E

Question 65

Which three statements about value models are correct? Each correct answer presents a complete solution. A. An unlimited number of value models can be assigned to an asset. B. A value model defines how an asset is depreciated. C. Value models track the financial value of a fixed asset over time. D. Value models define the number sequence to be used when creating a fixed asset. E. Assigning a value model to a fixed asset is required.

Answer 65

Answer: A, C, D

Question 66

``` Which form should you use to assign a chart of accounts to a legal entity? A. Configure account structures B. General ledger parameters C. Ledger D. Legal entities ```

Answer 66

Answer: C

Question 67

Two vendors contact you and request that you send all purchase confirmations to a specific email address. You need to configure Microsoft Dynamics AX to automatically send the email to the vendors. What should you do? A. Add the email address into the default print management settings in the Accounts payable module. B. Add the email address to the vendor's Contact form, and then select the primary contact person on the Vendor details form. C. Add the email address to the contact information section of the Vendor details form, and then mark it as the primary record. D. Add the email address to the print management settings for the vendor account.

Answer 67

Answer: C

Question 68

Two vendors contact you and request that you send all purchase confirmations to a specific email address. You need to configure Microsoft Dynamics AX to automatically send the email to the vendors. What should you do? A. Add the email address into the default print management settings in the Accounts payable module. B. Add the email address to the vendor's Contact form, and then select the primary contact person on the Vendor details form. C. Add the email address to the contact information section of the Vendor details form, and then mark it as the primary record. D. Add the email address to the print management settings for the vendor account.

Answer 68

Answer: A, C

Question 69

What is the purpose of an account structure? A. To assign a default offset account to a main account B. To define the valid main account and financial dimension combinations C. To classify and group main accounts for analysis purposes D. To control how transactions are sorted and fields are printed on reports

Answer 69

Answer: D

Question 70

You are entering a customer sales order that has two lines: one line for item A and one line for item B. The following statements are necessary to calculate sales tax for the sales order: The sales tax group linked to the customer includes sales tax codes ST1, ST2, ST3, and ST4. The item sales tax group linked to item A includes sales tax codes ST1, ST2, and ST5. The item sales tax group linked to item B includes sales tax codes ST1, ST3, and ST5. You need to calculate sales taxes for each of the sales order lines. Which two statements describe how sales taxes are calculated for the sales order? Each correct answer presents part of the solution. A. The line with item B is calculated based on sales tax codes ST1 and ST3. B. The line with item B is calculated based on sales tax codes ST1, ST3, and ST5. C. The line with item A is calculated based on sales tax codes ST1, ST2, and ST5. D. The line with item A is calculated based on sales tax codes ST1 and ST2.

Answer 70

Answer: B, C

Question 71

You need to set up the posting profile for realized and unrealized gains and losses. Which two forms should you use? Each correct answer presents a complete solution. A. Chart of accounts form B. Currency revaluation accounts form C. Currency exchange rates form D. Ledger form

Answer 71

Answer: B, D

Question 72

``` You need to ensure that when a check is paid to your vendors, only one check is generated for each vendor. What should you configure? A. Terms of payments B. Payment day C. Payment schedule D. Method of payment ```

Answer 72

Answer: A

Question 73

You need to set up the aging period definitions for the Vendor aging report. What is the maximum number of aging periods that you can define? A. 6 B. 7 C. 8 D. 9

Answer 73

Answer: A

Question 74

Your organization uses Microsoft Dynamics AX. You need to set up journal names for the General journal. Which journal type should you specify? A. Allocation B. Periodic C. Approval D. Daily

Answer 74

Answer: B

Question 75

Where do you define the Main account information for bank and cash subledger journal account transactions? A. On the Bank document posting profiles form B. On the Bank transaction groups form C. On the Bank groups form D. On the Bank accounts form

Answer 75

Answer: D

Question 76

You need to update the organization hierarchy to prepare for a reorganization of your business. Which effective date is valid when you publish the updated hierarchy? A. Any of the published effective dates B. Any day after the last published effective date C. Any day between two of the published effective dates D. The last published effective date

Answer 76

Answer: C

Question 77

You need to set up preprinted checks in the Cash and bank management module. Which two settings should you define? Each correct answer presents part of the solution. A. Check number method set to Fixed B. ABC codes C. Bank number D. Check format

Answer 77

Answer: A, C

Question 78

You need to create vendor accounts by using Microsoft Dynamics AX. Which field is mandatory for creating a vendor account? A. Mode of delivery B. Group C. Credit limit D. Terms of payment

Answer 78

Answer: C

Question 79

``` In which three modules is currency rounding configuration an option? Each correct answer presents a complete solution. A. Budgeting B. Project management and accounting C. Accounts receivable D. Procurement and sourcing E. Accounts payable ```

Answer 79

Answer: A, C, D

Question 80

You need to create a budget register entry that will spread the amount you enter into the line across multiple business units based on the revenue from the previous quarter. What should you do? A. Create a financial dimension default template and apply it to the budget register entry. B. Create a financial dimension set and apply it to the budget register entry. C. Create a derived financial hierarchy and apply it to the budget register entry. D. Create a budget allocation term and apply it to the budget register entry.

Answer 80

Answer: C

Question 81

You select Business unit and Department as the only financial dimensions to use with budget control. You need to prevent a budget overrun on all direct expense accounts. What should you do? A. Select the accounting journals that are subject to budget control. B. Define the over budget permissions for user groups in the budget control configuration C. Select the source documents that are subject to budget control. D. Define the main accounts to use for budget checking in the budget control configuration.

Answer 81

Answer: C

Question 82

The encumbrance process is enabled in your Microsoft Dynamics AX environment. A buyer for your organization creates a purchase order for a $10,000 contract with a lawyer who is providing legal advice related to a claim. You post an invoice for $2,000 from the lawyer for the cost of his services so far. What is the encumbrance amount for the contract with the lawyer after the invoice is posted? A. $2,000 B. $8,000 C. $10,000 D. S12,000

Answer 82

Answer: B

Question 83

You set up and activate a new budget planning process. You generate the original budget plan from the general ledger data. The department managers need to enter their requested amounts for the budget plan and then load them back into Microsoft Dynamics AX. Where should the department managers enter the data? A. In the Budget planning process form B. In a new budget register entry C. In the justification that is accessed from the budget plan lines D. In the Excel worksheet that is accessed from the budget plan lines

Answer 83

Answer: C

Question 84

Each department manager at your company is responsible for managing his or her own department's budgets. The budget manager decides that some departments must use a different budget threshold than other departments. You need to configure Microsoft Dynamics AX to ensure that the new policies are enforced. What should you configure? A. Budget planning scenario constraints B. Budget allocation terms C. Budget funds available calculation D. Budget control rules

Answer 84

Answer: B

Question 85

Your organization is using the Budgeting module to develop a budget plan. The budget plan needs to go through various phases before it is approved. Where do you define these phases on the Budget planning configuration form? A. Scenarios B. Parameters C. Workflows D. Stages

Answer 85

Answer: C

Question 86

You create a budget cycle time span that is based on the fiscal calendar from July 2014 through June 2015-How many budget models can be used for the budget cycle? A. One for each budget model and fiscal period combination B. One for each fiscal period C. Only one D. One for each budget model

Answer 86

Answer: A

Question 87

``` To which object can you link a budget register entry workflow? A. Budget models B. Budget transfer rules C. Journal names D. Budget codes ```

Answer 87

Answer: C

Question 88

You are configuring a budget plan to automatically spread. Which allocation method should you use? A. The Aggregate allocation method B. The Allocate across periods method C. The Distribute allocation method D. The Allocate across dimensions method

Answer 88

Answer: D

Question 89

You need to pay all open invoices that have a due date on or before July 10. You want to take advantage of any available discounts. Which two settings must you select when creating the payment proposal? Each correct answer presents part of the solution. A. In the Payment to date field, select July 10. B. In the Minimum date field, select July 10 C. In the Proposal type field, select Due date and cash discount. D. In the Proposal type field, select Due date.

Answer 89

Answer: A, C

Question 90

In which three scenarios should you use a bridging account? Each correct answer presents a complete solution. A. To settle prepayments for a vendor B. As a method of payment for customers C. To settle prepayments for a customer D. As a method of payment for vendors E. To settle postdated checks for a vendor

Answer 90

Answer: A, C, D

Question 91

``` You need to ensure that you have the most current data to manage customer collections. What should you create first? A. A customer account statement B. A customer balance list C. A customer aging snapshot D. A customer pool ```

Answer 91

Answer: B