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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, where can you review value models that are linked to a fixed asset?

A) In the Fixed asset posting profile form.
B) In the Fixed asset parameters form.
C) In the corresponding main account.
D) In the Fixed asset group form.

2. You need to record fixed asset transactions by using journals. In Microsoft Dynamics AX 2012, what should you do?

A) In the General Ledger, create a journal name with the journal type Fixed assets budget.
B) In the General Ledger, create a journal name with the journal type Post fixed assets.
C) In the General Ledger, create a journal for a Depreciation book.
D) Create transaction text with the type Fixed assetPosting, Ledger.

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

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

4. You need to set up Foreign Currency Consolidation in Microsoft Dynamics AX 2012 to automatically post differences that result from consolidating subsidiaries with foreign currencies. What should you set up in the General Ledger?

A) an account for automatic Penny difference in reporting currency transactions
B) an account for automatic Balance account for consolidation differences transactions
C) an account for automatic Penny difference in accounting currency transactions
D) rounding rules in the Currencies form

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

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

Solutions: