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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which fixed asset transaction can you process in the Free text invoice form?

A) Acquisition
B) Disposal sale
C) Disposal scrap
D) Acquisition adjustment

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

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

3. 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 corresponding main account.
C) In the Fixed asset parameters form.
D) In the Fixed asset group form.

4. In Microsoft Dynamics AX 2012, which of the following transactions can be reversed by using the Reverse Transaction functionality? (Choose all that apply.)

A) General Ledger transactions that relate to general journal entries
B) Fixed Asset transactions thatrelate to fixed asset postings
C) Customer transactions that relate to sales orders
D) Vendor transactionsthat relate to purchase orders

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

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

Solutions: