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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Accounts Payable- Vendor management and setup
- Invoice processing and payments
- Aging and settlement processes
General Ledger- Financial period closing and reporting
- Journal processing and posting
- Chart of accounts setup and management
Financial Reporting- Standard financial statements
- Custom report generation
Accounts Receivable- Invoicing and cash application
- Customer management and setup
- Credit management and collections
Budgeting and Financial Control- Budget creation and maintenance
- Budget control and variance analysis
System Setup and Configuration- Financial module configuration
- Posting profiles and parameters
Cash and Bank Management- Bank account setup and reconciliation
- Cash flow management
Fixed Assets- Depreciation and disposal processes
- Asset acquisition and capitalization

Microsoft Dynamics AX 2012 Financials Sample Questions:

Question #1

In Microsoft Dynamics AX 2012, which of the following is a requirement for using centralized payments?

  • A. The currency codes in both companies must be the same.
  • B. The method of payment for each of the companies must be unique.
  • C. Companies must be connected in an organizational hierarchy.
  • D. The posting profile IDs for each of the companies must be unique.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

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

  • A. The Depreciation book can be re-run only one time before the periods are closed for the Depreciation book.
  • B. The Depreciation book can be re-run only two times before the periods are closed for the Depreciation book.
  • C. The Depreciation book can be re-run as many times as necessary while the periods are open for the Depreciation book.
  • D. The Depreciation book cannot be re-run while the periods are open for the Depreciation book.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #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 the customer master.
  • B. Apply the interest codes to customer groups.
  • C. Apply the interest codes to customer posting profiles.
  • D. Apply the interest codes to customer parameters.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

In Microsoft Dynamics AX 2012, which of the following statements must be true in order to edit the calendar attached to a Depreciation book?

  • A. No journals or transactions with aclosedstatus exist for the Depreciation book.
  • B. No journals or transactions with an Open status exist for the Depreciation book.
  • C. No journals or transactions with a Suspended status exist for the Depreciation book.
  • D. No journals or transactions with any status exist for the Depreciation book.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #5

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

  • A. Set up number sequences on Inventory module parameters.
  • B. Set up number sequences on Accounts Payable module parameters.
  • C. Set up number sequences on General Ledger module parameters.
  • D. Set up special number sequences on each fixed asset group.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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