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| Section | Objectives |
|---|---|
| Topic 1: Accounts Payable | - Invoice processing and payments - Aging and settlement processes - Vendor management and setup |
| Topic 2: System Setup and Configuration | - Posting profiles and parameters - Financial module configuration |
| Topic 3: Cash and Bank Management | - Bank account setup and reconciliation - Cash flow management |
| Topic 4: Fixed Assets | - Asset acquisition and capitalization - Depreciation and disposal processes |
| Topic 5: Financial Reporting | - Custom report generation - Standard financial statements |
| Topic 6: Budgeting and Financial Control | - Budget creation and maintenance - Budget control and variance analysis |
| Topic 7: Accounts Receivable | - Invoicing and cash application - Customer management and setup - Credit management and collections |
| Topic 8: General Ledger | - Financial period closing and reporting - Journal processing and posting - Chart of accounts setup and management |
1. In Microsoft Dynamics AX 2012, what is the purpose of a Payment transfer form?
A) To generate advance payments.
B) To manage payments that have a status of Sent and have been posted.
C) To manage payments that have a status of Sent and have not been posted.
D) To verify vendor transactions that are open and approved.
2. 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 the Fixed asset issue and Fixed asset receipt accounts.
B) To only the Fixed asset receipt account.
C) To only the Fixed asset suspense account.
D) To only the Fixed asset issue account.
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) Processed
C) Invoiced
D) Created
4. 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 cannot post depreciation for the assets.
B) You can post depreciation for the assets by using the depreciation books journal.
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 depreciation proposals.
5. You enter a new fixed asset, number FUR-ELC000136, in Microsoft Dynamics AX 2012. When you validate the acquisition journal for the new fixed asset, the system displays the following message: Account for the transaction type, value model, does not exist for fixed asset FUR- ELC000136. What is the cause of the problem?
A) The main account for the acquisition transaction type does not exist in the value model.
B) The main account for the acquisition transaction type does not exist in the fixed asset posting profile.
C) The offset account does not exist in the Acquisition journal name form.
D) The main account for the acquisition transaction type does not exist in the main account table.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A,C | Question # 5 Answer: B |
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