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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You set up a fixed asset in Microsoft Dynamics AX 2012. You select the Allow asset acquisition from purchasing fixed asset parameter. What is the initial status of the fixed asset?

A) Open
B) Scrapped
C) Suspended
D) Not yet acquired

2. In Microsoft Dynamics AX 2012, how can you assign fixed asset numbering? (Choose all that apply.)

A) automatically based on fixed asset groups
B) automatically based on a fixed asset calendar
C) manually
D) automatically based on value models

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

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

4. Which of the following statements about the Microsoft Dynamics
AX 2012 Depreciation book is true?

A) The Depreciation book can be re-run only two times before the periods are closed for the Depreciation book.
B) The Depreciation book can be re-run as many times as necessary while the periods are open for the Depreciation book.
C) The Depreciation book cannot be re-run while the periods are open for the Depreciation book.
D) The Depreciation book can be re-run only one time before the periods are closed for the Depreciation book.

5. In Microsoft Dynamics AX 2012, which of the following statements about encumbrance accounting (also known as commitment accounting) are true? (Choose all that apply.)

A) A sales order is a typical encumbrance transaction for which there has been an expenditure of funds.
B) When the pre-encumbrance process is enabled, the encumbrance process is required.
C) To use encumbrance accounting with budget appropriation enabled, budget control is required.
D) Closing purchase order encumbrances is part of the fiscal year closing process.
E) To use encumbrance accounting, posting definitions are required.

Solutions: