Microsoft Dynamics® Ax 2012 Financials

Front 1

What effect does the value in the General round-off field have on the values in Microsoft Dynamics AX 2012?

Back 1

The value are used to round all amounts in all modules.

Front 2

When you change the display currency, it affects all users.

( ) True
( ) False

Back 2

( ) True
(•) False

Front 3

Is it possible to post activity that uses a date for which a period has not been created?

( ) Yes
( ) No

Back 3

( ) Yes
(•) No

Front 4

What are reason codes?

Back 4

Reason codes are standardized codes that can be used in various transaction types or changes to field values to provide background data about the transaction.

Front 5

What are the parts of an allocation rule?

( ) General
( ) Source
( ) Destination
( ) Offset

Back 5

(√) General
(√) Source
(√) Destination
(√) Offset

Front 6

Which allocation method defines how and in what proportion the source amounts are distributed to the various destination lines, by referring to balances in other account-dimensions?

( ) Basis
( ) Fixed percentage
( ) Fixed weight
( ) Spread even

Back 6

(•) Basis
( ) Fixed percentage
( ) Fixed weight
( ) Spread even

Front 7

Is it possible to have the same chart of accounts used across multiple companies?

( ) Yes
( ) No

Back 7

(•) Yes
( ) No

Front 8

Before creating a company's Chart of Accounts, what considerations should be discussed? (3 answers)

Back 8

1-What degree of specification is needed
2-How the Chart of Accounts must be structured
3-If external accountants offered any suggestions about the structure of the Chart of Accounts

Front 9

Is the purpose of account allocation to use for realized transactions and budget transactions?

( ) Yes
( ) No

Back 9

(•) Yes
( ) No

Front 10

Can using posting types reduce the risk of selecting a wrong account when you set up posting profiles?

( ) Yes
( ) No

Back 10

(•) Yes
( ) No

Front 11

Which of the following system accounts are required to be set up? (Select all that apply)

(√) Error account
( ) Cash difference
(√) Year-end result
(√) Penny difference

Back 11

(√) Error account
( ) Cash difference
(√) Year-end result
(√) Penny difference

Front 12

Which tasks are completed from the Chart of Accounts in Microsoft Dynamics AX? (Select all that apply)

( ) Create accounts
( ) Set standard parameters
( ) Access transactions
( ) View a company's financial state

Back 12

(√) Create accounts
(√) Set standard parameters
(√) Access transactions
(√) View a company's financial state

Front 13

What is the purpose of the Blocking function when setting up Journals?

Back 13

MODEL ANSWER:
To restrict the usage of a journal

Front 14

Which of the following types of journals may be set up in Microsoft Dynamics AX? (Select all that apply)
( ) Daily
( ) Periodic
( ) Approval
( ) Annual

Back 14

(√) Daily
(√) Periodic
(√) Approval
( ) Annual

Front 15

3. What is the purpose of using Balance Control Accounts?

Back 15

MODEL ANSWER:
-To monitor the current and expected balance on an account as transactions are entered in a journal.

Front 16

4. Sequentially order the following steps for working with journals.

Step:
_ Post transactions.
_ Create journal lines.
_ Create new journal.
_ Set up journal names.

Back 16

4 : Post transactions.
3 : Create journal lines.
2 : Create new journal.
1 : Set up journal names.

Front 17

5. Which of the following would be used to monitor the current and expected balance on an account as transactions are entered in a journal.
( ) Journal names
( ) Journal controls
( ) Balance control accounts
( ) General ledger parameters

Back 17

( ) Journal names
( ) Journal controls
(•) Balance control accounts
( ) General ledger parameters