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Microsoft MB6-871 Exam Syllabus Topics:

SectionWeightObjectives
Manage Financials II33%- Year-end Close and Financial Reporting
  • 1. Financial statement generation
    • 2. Closing procedures
      - Multicurrency and Intercompany Accounting
      - Budgeting and Cash Flow Management
      • 1. Budget setup and control
        • 2. Cash flow forecasting
          • 3. Commitment accounting
            - Financial Consolidations
            - Advanced Payment and Settlement
            Manage Financials I36%- Cash and Bank Management
            • 1. Reconciliation processes
              • 2. Bank accounts setup
                - Sales tax configuration and management
                - Set up and manage General Ledger
                • 1. Chart of accounts configuration
                  • 2. Journal setup and processing
                    • 3. Daily General Ledger procedures
                      - Accounts Payable
                      • 1. Invoice and payment processing
                        • 2. Vendor setup
                          - Accounts Receivable
                          • 1. Sales order and collection processing
                            • 2. Customer setup
                              Manage Fixed Assets31%- Fixed Assets Setup
                              • 1. Depreciation books and profiles
                                • 2. Asset groups and parameters
                                  - Asset Acquisition and Disposal
                                  - Depreciation and Adjustment Transactions
                                  - Fixed Asset Reporting

                                  Microsoft Dynamics AX 2012 Financials Sample Questions:

                                  1. You need to loan fixed assets in Microsoft Dynamics AX 2012. What should you do?

                                  A) Use the fixed asset journal.
                                  B) Use the Loaned equipment periodic function.
                                  C) Use the inventory to fixedasset journal.
                                  D) Click the Lend button on the Fixed asset form.


                                  2. You need to automatically create a fixed asset from a purchase order when an invoice is posted. In Microsoft Dynamics AX 2012, which of the following actions should you perform?

                                  A) Select the Allow asset acquisition from Purchasing fixed asset parameter.
                                  B) Configure the fixed asset acquisition methods.
                                  C) Select the Create asset during product receipt or invoice posting fixed asset parameter.
                                  D) Select the Check for fixed assets creation during line entry fixed asset parameter.
                                  E) Configure the fixed asset posting profile.


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

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


                                  4. You need to remove consolidation transactions in Microsoft Dynamics AX 2012. What should you do?

                                  A) In the consolidation account transactions, click the Reverse transaction button.
                                  B) In the general ledger journal, create reversal transactions for the consolidation transactions.
                                  C) In the Consolidation form, click the Delete button.
                                  D) In the Consolidation form, click the Remove transactions button.


                                  5. In Microsoft Dynamics AX 2012, which of the following credit limit tolerances can be set up in Cash and Bank Management? (Choose all that apply.)

                                  A) Error - the system generates an error notification
                                  B) Confirmthe system prompts the user to confirm
                                  C) Warning - the system generates a warning notification
                                  D) Validatethe system prompts the user to validate


                                  Solutions:

                                  Question # 1
                                  Answer: A
                                  Question # 2
                                  Answer: C
                                  Question # 3
                                  Answer: B
                                  Question # 4
                                  Answer: D
                                  Question # 5
                                  Answer: A,C

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