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Microsoft Dynamics AX 2012 Financials Sample Questions:

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

2. You need to post an intercompany general ledger journal. In Microsoft Dynamics AX 2012, what should you set up to enable intercompany posting? (Choose all that apply.)

A) Set up the intercompany posting accounts in only one company.
B) Set up the intercompany posting accounts in both companies.
C) Set up the intercompany journal name in both companies.
D) Set up the intercompany journal name in only one company.

3. You need to assign bar codes to fixed assets in Microsoft Dynamics AX 2012. What should you do?

A) Set up number sequences on Accounts Payable module parameters.
B) Set up number sequences on Inventory module parameters.
C) Set up special number sequences on each fixed asset group.
D) Set up number sequences on General Ledger module parameters.

4. What is the maximum number of collection letter codes that can be created for a collection letter sequence in Microsoft Dynamics AX 2012?

A) 5
B) 6
C) 3
D) 1

5. You enter a new fixed asset, number FUR-ELC000136, in Microsoft Dynamics AX 2012. When you validate the acquisition journal for the new fixed asset, the system displays the following message: Account for the transaction type, value model, does not exist for fixed asset FUR- ELC000136. What is the cause of the problem?

A) The offset account does not exist in the Acquisition journal name form.
B) The main account for the acquisition transaction type does not exist in the fixed asset posting profile.
C) The main account for the acquisition transaction type does not exist in the value model.
D) The main account for the acquisition transaction type does not exist in the main account table.

Solutions: