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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which additional user interface element exists when a workflow approval is set up for a journal?

A) A Justify button in the action pane.
B) A green arrow to start the workflow.
C) A Validate button in the action pane.
D) A yellow information bar.

2. In Microsoft Dynamics AX 2012, which transaction type can be used for fixed asset disposal?

A) Write down
B) Provision for reserve
C) Depreciation adjustment
D) Acquisition adjustment

3. Your company plans to charge interest on customer overdue payments. You set up the required interest codes in Microsoft Dynamics AX 2012. What is the next step?

A) Apply the interest codes to customer parameters.
B) Apply the interest codes to customer posting profiles.
C) Apply the interest codes to customer groups.
D) Apply the interest codes to the customer master.

4. You need to enable sales tax calculation in Microsoft Dynamics AX 2012. Which of the following must you set up?

A) the sales tax authorities that are attached to the vendor
B) the item sales tax group that is attached to the customer, vendor, and item
C) the ledger posting group that is attached to the sales tax groups
D) the sales tax code for the sales tax groups

5. In Microsoft Dynamics AX 2012, what is the purpose of a Payment transfer form?

A) To generate advance payments.
B) To manage payments that have a status of Sent and have not been posted.
C) To manage payments that have a status of Sent and have been posted.
D) To verify vendor transactions that are open and approved.

Solutions: