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Microsoft MB6-871 Exam Syllabus Topics:

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

Microsoft Dynamics AX 2012 Financials Sample Questions:

Question #1

In Microsoft Dynamics AX 2012, which of the following types of information are required to create a journal entry line in the General Ledger? (Choose all that apply.)

  • A. Account name
  • B. Debit or Credit amount
  • C. Dimension
  • D. Accounting date
  • E. Account
  • F. Offset account
  • G. Transaction text
Reveal Solution  Discussion  0

Correct Answer: B,D,E,F  🗳️

Question #2

In Microsoft Dynamics AX 2012, what is the process of Accounts Payable three-way invoice matching?

  • A. Matching the customer invoice, sales order, and product receipts information.
  • B. Matching the customer invoice, purchase order, and product receipts information.
  • C. Matching the vendor invoice, purchase order, and product receipts information.
  • D. Matching the vendor invoice, sales order, and product receipts information.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

You set up an asset in Microsoft Dynamics AX 2012. What is the initial status of the value model?

  • A. Open
  • B. Not yet acquired
  • C. Suspended
  • D. Closed
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

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

  • A. Value models are optional when setting up depreciation for a fixed asset.
  • B. Value models are a subset of the value of a fixed asset.
  • C. Value models connect all financial information about fixed assets.
  • D. Value models are used to assign additional life cycles to a fixed asset.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

Your company has more than 500 customers. You plan to set up customer groups in Microsoft Dynamics AX 2012 to support the creation of the customer master. What is the minimum number of customer groups that you must set up?

  • A. 4
  • B. 8
  • C. 2
  • D. 1
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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