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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:

1. 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.


2. 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.


3. 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


4. 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


5. 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


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B,C
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: D

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