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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Period Close and Reporting- Financial consolidation and reporting
- Month-end and year-end closing processes
Accounts Receivable- Customer setup and management
- Collections and payment processing
- Sales invoices and credit management
Accounts Payable- Vendor setup and management
- Payment processing and settlements
- Invoice processing and approvals
Budgeting and Financial Control- Budget control and tracking
- Budget creation and maintenance
Cash and Bank Management- Cash flow management
- Bank account setup and reconciliation
- Payment journals and deposits
Fixed Assets- Depreciation and value models
- Asset acquisition and setup
- Asset disposal and reporting
General Ledger- Journal processing and entries
- Posting profiles and financial dimensions
- Financial reporting and statements
- Chart of accounts setup and management

Microsoft Dynamics AX 2012 Financials Sample Questions:

In Microsoft Dynamics AX 2012, you generate a fixed assets acquisition transaction directly from a purchase order invoice. Where will the associated General Ledger postings be made?

  • A. To only the Fixed asset issue account.
  • B. To only the Fixed asset suspense account.
  • C. To the Fixed asset issue and Fixed asset receipt accounts.
  • D. To only the Fixed asset receipt account.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

In Microsoft Dynamics AX 2012, which of the following statements about depreciation for assets that have not yet been acquired is true? (Choose all that apply.)

  • A. You can post depreciation for the assets by using depreciation proposals.
  • B. You cannot post depreciation for the assets.
  • C. You can generate depreciation for the assets by using depreciation proposals and specifying a future posting date.
  • D. You can post depreciation for the assets by using the depreciation books journal.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

You need to delete a check from Microsoft Dynamics AX 2012. What status must the check have before it can be deleted?

  • A. Void
  • B. Invoiced
  • C. Processed
  • D. Created
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

In Microsoft Dynamics AX 2012 which journal type should you use in the Journal name form if budgets for fixed assets are required?

  • A. Periodic
  • B. Fixed asset budget
  • C. Daily
  • D. Post fixed asset
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

In Microsoft Dynamics AX 2012, which fixed asset transaction can you process in the Free text invoice form?

  • A. Disposal scrap
  • B. Acquisition
  • C. Acquisition adjustment
  • D. Disposal sale
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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