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Microsoft Dynamics AX 2012 Financials Sample Questions:
1. 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 customer groups.
B) Apply the interest codes to customer parameters.
C) Apply the interest codes to customer posting profiles.
D) Apply the interest codes to the customer master.
2. In Microsoft Dynamics AX 2012, what is two-way invoice matching?
A) Matching the quantity information on the invoice to the quantity information on the purchase order.
B) Matching the price information on the intercompany sales order to the price information on the intercompany purchase order.
C) Matching the quantity information on the invoice to the quantity information on selected product receipts.
D) Matching the price information on the invoice to the price information on the purchase order.
3. In Microsoft Dynamics AX 2012, which fixed
asset transaction type can post simultaneously with standard fixed asset depreciation?
A) Depreciation adjustment
B) Summarize depreciation
C) Extraordinary depreciation
D) Bonus depreciation
4. In Microsoft Dynamics AX 2012, what is a reason code?
A) a user-defined field used to post transactions
B) a system-generated code used on Audit trail reports
C) a user-defined field used to provide background data about a transaction
D) a system-generated code used to track transaction postings
5. In Microsoft Dynamics AX 2012, which of the following statements about a chart of accounts is true?
A) A chart of accounts can be used for no more than one legal entity.
B) A chart of accounts can be used for multiple legal entities within an organization.
C) A chart of accounts can be used for only one division of a legal entity.
D) A separate chart of accounts can be used for each division of a legal entity.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: B |




