MB6-871 Exam Training Practice Tests (Microsoft Dynamics AX 2012 Financials)]

Question 1

In Microsoft Dynamics AX 2012, how can you identify errors and duplicates in a row definition structure before you update the existing structure?

A. Run the Where used report on the Row definitions form. B. In the Structure designer form, select the Check box and the Simulate check box. C. In the General Ledger module, run the Audit trail report. D. In the System Administration module, run the Consistency check periodic function.

Correct Answer: B

Question 2

In Microsoft Dynamics AX 2012, what is the purpose of the fill utility?

A. To enable the automatic completion of form fields. B. To import Microsoft Excel data. C. To enable users to bulk-update records. D. To transfer sales tax information.

Correct Answer: C

Question 3

In Microsoft Dynamics AX 2012, you enter a fixed asset that is associated with a
project into the Project form. Which project types can you use for the fixed asset?
(Choose all that apply.)

A. Time and material B. Internal C. Time D. Cost E. Investment F. Fixed price

Correct Answer: B,D,E

Question 4

In Microsoft Dynamics AX 2012, a customer has a credit balance in a customer account, but does not have a vendor account. You need to repay the credit balance.
What should you do?

A. Create a reason code in the Accounts Receivable module and then repay the credit balance. B. Repay the credit balance by using the Accounts Receivable payment journal functionality. C. Repay the credit balance by using a one-time vendor account automatically created by the system. D. Repay the credit balance by using the Accounts Payable payment journal functionality.

Correct Answer: C

Question 5

You need to ensure that Microsoft Dynamics
AX 2012 does not allow journal transactions for an account to result in a credit balance. What should you do?

A. On the Main accounts form, in the Balance control list, select Debit. B. On the Main accounts form, in the Main account type list, select Profit and Loss. C. On the Main accounts form, in the DB/CR requirement list, select Debit. D. On the Main accounts form, in the DB/CR proposal list, select Debit.

Correct Answer: A

Question 6

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

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

Correct Answer: D

Question 7

In Microsoft Dynamics AX 2012, which of the following types of information are required to create a journal entry line in the General Ledger? (Choose all that apply.)

A. Account name B. Dimension C. Offset account D. Transaction text E. Account F. Debit or Credit amount G. Accounting date

Correct Answer: C,E,F,G

Question 8

In Microsoft Dynamics AX 2012, what is budget control functionality?

A. zero-based budgeting B. incremental budgeting C. a method of ensuring that sufficient budget funds are available for planned or actual purchases D. a process in the Workflow Management module

Correct Answer: C

Microsoft Dynamics AX 2012 Financials - MB6-871 Exam Practice Test