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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Which of the following statements about customer account statements in Microsoft Dynamics AX 2012 are true? (Choose all that apply.)

A) In a multi-company environment, a customer account statement can include transactional data for multiple companies.
B) A customer account statement displays only transactional data for a period.
C) In a multi-company environment, a customer account statement can include transactional data for only one company.
D) If a customer account statement includes multiple currencies, the statement displays the opening and closing balance for each currency.

2. You need to remove consolidation transactions in Microsoft Dynamics AX 2012. What should you do?

A) In the Consolidation form, click the Delete button.
B) In the Consolidation form, click the Remove transactions button.
C) In the consolidation account transactions, click the Reverse transaction button.
D) In the general ledger journal, create reversal transactions for the consolidation transactions.

3. Which of the following actions can you perform when defining the fiscal yearend close parameters in Microsoft Dynamics AX 2012?

A) Create an opening balance for the new fiscal year.
B) Set the Main accounts to the default value for the new fiscal year.
C) Set the period status to current for new fiscal periods.
D) Delete close-of-year transactions during transfer.

4. Which of the following statements about Microsoft Dynamics AX 2012 elimination journal proposals are true? (Choose all that apply.)

A) An elimination journal proposal can be run only once.
B) An elimination journal proposal posts automatically.
C) An elimination journal proposal enables you to validate the results of elimination.
D) An elimination journal proposal displays a preview of the results of elimination.

5. In Microsoft Dynamics AX 2012, which of the following statements about financial dimensions are true? (Choose all that apply.)

A) Financial dimensions can be created by using a wizard.
B) A user can create an unlimited number of financial dimensions.
C) Financial dimensions can be created by using a form.
D) Only the default financial dimensions are allowed.

Solutions: