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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, where can you review value models that are linked to a fixed asset?

A) In the Fixed asset group form.
B) In the Fixed asset posting profile form.
C) In the Fixed asset parameters form.
D) In the corresponding main account.

2. In Microsoft Dynamics AX 2012, how can you assign fixed asset numbering? (Choose all that apply.)

A) automatically based on a fixed asset calendar
B) automatically based on value models
C) automatically based on fixed asset groups
D) manually

3. Which of the following statements about value models for fixed assets in Microsoft Dynamics AX 2012 is true?

A) Value models are a subset of the value of a fixed asset.
B) Value models are optional when setting up depreciation for a fixed asset.
C) Value models are used to assign additional life cycles to a fixed asset.
D) Value models connect all financial information about fixed assets.

4. You need to record fixed asset transactions by using journals. In Microsoft Dynamics AX 2012, what should you do?

A) In the General Ledger, create a journal name with the journal type Fixed assets budget.
B) In the General Ledger, create a journal name with the journal type Post fixed assets.
C) Create transaction text with the type Fixed assetPosting, Ledger.
D) In the General Ledger, create a journal for a Depreciation book.

5. In Microsoft Dynamics AX 2012, which of the following can you analyze by using the Dimension statement? (Choose all that apply.)

A) customer balances
B) General Ledger transactions
C) vendor balances
D) cash flow forecast transactions
E) budget transactions

Solutions: