Microsoft Dynamics AX Financials - MB6-893 Exam Practice Test
You are an accounting manager, your company has a new customer, A ledger account must be set up to record the sales tax liability and payments made to the taxing authority in the customer's specific region automatically. Which two account groups should you choose for these ledger accounts? Each correct answer presents part of the solution.
Correct Answer: B,C
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You are setting up a sales tax for your customer.
You need to define the ledger account 100001 of posting type "Sales tax" on the ledger posting group for the customer.
Which account group should you choose?
You need to define the ledger account 100001 of posting type "Sales tax" on the ledger posting group for the customer.
Which account group should you choose?
Correct Answer: D
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Because of an agreement that your company has with a customer about when a payment can be posted, you need to prevent users from posting payments until a specified date.
Which field should you update on the customer payment journal to achieve this goal?
Which field should you update on the customer payment journal to achieve this goal?
Correct Answer: D
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Your customer needs to set up Fixed assets and treat them as though they were purchased and placed in service at the mid-point of the first year, no matter when during that year the purchase was actually made.
Which depreciation convention should you use when creating the depreciation profile?
Which depreciation convention should you use when creating the depreciation profile?
Correct Answer: B
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You are a credit and collections manager.
You need to group all customers who are based in a single city and have balances greater than 10,000 USD so that the collections process is streamlined for the collections agent.
What should you do?
You need to group all customers who are based in a single city and have balances greater than 10,000 USD so that the collections process is streamlined for the collections agent.
What should you do?
Correct Answer: C
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You are an accounts payable manager.
Your company buys office supplies from an out-of-state vendor. The vendor charges
100.00 USD for the supplies and no tax. The company may still owe taxes to the sales tax authority in its own state.
You need to define the ledger account to manage these transactions.
Which account group should you choose?
Your company buys office supplies from an out-of-state vendor. The vendor charges
100.00 USD for the supplies and no tax. The company may still owe taxes to the sales tax authority in its own state.
You need to define the ledger account to manage these transactions.
Which account group should you choose?
Correct Answer: B
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You need to create recurring free text invoice template.
Which three recurrence patterns are available in the Recurring invoices form on the customer record? Each correct answer presents a complete solution.
Which three recurrence patterns are available in the Recurring invoices form on the customer record? Each correct answer presents a complete solution.
Correct Answer: B,C,E
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You are the director of finance.
You are starting to create budgets for the fiscal year and want to generate budget plans from prior year expenses. However, this year, you know your expenses will be more than last.
Which field should you set in the generate budget plan from the general ledger form to account for this increase in budget?
You are starting to create budgets for the fiscal year and want to generate budget plans from prior year expenses. However, this year, you know your expenses will be more than last.
Which field should you set in the generate budget plan from the general ledger form to account for this increase in budget?
Correct Answer: B
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The finance department of a company is analyzing which budgeting methodology it wants to use for the next fiscal year.
The department has narrowed the options down to historical budgeting and zero-based budgeting.
Which advantage does a historical budgeting methodology provide over a zero-based budgeting methodology?
The department has narrowed the options down to historical budgeting and zero-based budgeting.
Which advantage does a historical budgeting methodology provide over a zero-based budgeting methodology?
Correct Answer: A
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A budget manager is considering which components of Microsoft Dynamics AX Financial budgeting are required to meet company needs. The key requirement is that department- level budgetary changes for the following year must undergo an approval process through the requester's manager and a final approval by the budget manager.
Which three Dynamics AX budgeting components are required to accomplish budget tracking and workflow for the following year's budget? Each correct answer presents part of the solution.
Which three Dynamics AX budgeting components are required to accomplish budget tracking and workflow for the following year's budget? Each correct answer presents part of the solution.
Correct Answer: A,C,D
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