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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, when can you use the cross-rate functionality in the Accounts Receivable Settle open transaction form?

A) When the customer invoice has been created by using a free text invoice.
B) When the customer is making an advance payment.
C) When the invoice currency and payment currency are the same.
D) When the invoice currency and payment currency are different.

2. You need to automatically select all vendor payments that are due within the same week. In Microsoft Dynamics AX 2012, what should you do?

A) Create a payment method and select Week in the Period field.
B) Configure a payment control.
C) Create a payment method and select Date in the Period field.
D) Configure a payment fee.

3. In Microsoft Dynamics AX 2012, what process allows you to view inconsistencies at the bottom of a printed financial statement?

A) Create an exceptionrow type in the row definition.
B) Create a dimension set section in the row definition.
C) Print the footer section of the financial statement.
D) Print the miscellaneous section of the financial statement.

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

5. Your company has more than 500 customers. You plan to set up customer groups in Microsoft Dynamics AX 2012 to support the creation of the customer master. What is the minimum number of customer groups that you must set up?

A) 2
B) 4
C) 1
D) 8

Solutions: