Microsoft Dynamics AX 2012 R3 Financials v6.0 (MB6-702)

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Total 93 questions

What does a depreciation convention determine?

  • A. The number of periods over which a fixed asset should be depreciated
  • B. Whether a fixed asset should be depreciated
  • C. The amount of depreciation to apply in the first and last years of a fixed asset's useful life
  • D. The amount of depreciation to apply to each period of a fixed asset's useful life


Answer : C

An asset reaches the end of its usable life.
You need to generate a document and record the sale of this asset.
What should you create?

  • A. A return purchase order
  • B. A free text invoice
  • C. A sales order
  • D. A fixed asset journal


Answer : A

In which three modules can a fixed asset be acquired? Each correct answer presents a complete solution.

  • A. General ledger module
  • B. Budgeting module
  • C. Accounts payable module
  • D. Accounts receivable module
  • E. Inventory module


Answer : A,B,D

What are three account types that you can choose in a General ledger journal voucher?
Each correct answer presents a complete solution.

  • A. Inventory
  • B. Customer
  • C. Vendor
  • D. Item
  • E. Project


Answer : A,B,D

The encumbrance process is enabled in your Microsoft Dynamics AX environment.
A buyer for your organization creates a purchase order for a $10,000 contract with a lawyer who is providing legal advice related to a claim. You post an invoice for $2,000 from the lawyer for the cost of his services so far.
What is the encumbrance amount for the contract with the lawyer after the invoice is posted?

  • A. $2,000
  • B. $8,000
  • C. $10,000
  • D. S12,000


Answer : B

You are setting up cash flow forecasting in Microsoft Dynamics AX 2012.
You need to ensure that the budget entries are shown in the cash flow.
Which action should you perform?

  • A. Set up the settle accounts for the vendor/customer posting profiles to include with the budget accounts.
  • B. Set up the cash flow forecast in the Accounts receivable and Accounts payable modules.
  • C. Include the cash flow forecast for the budget model.
  • D. Calculate the cash flow forecasts for the budget accounts.


Answer : C

In which three scenarios can you use a free text invoice? Each correct answer presents a complete solution.

  • A. To invoice a customer for miscellaneous charges
  • B. To acquire a fixed asset
  • C. To sell a fixed asset to a customer
  • D. To sell an inventory item to a one-time customer
  • E. To produce recurring service invoices for customers


Answer : A,B,D

Which two forms can be used to assign a default item sales tax group? Each correct answer presents a complete solution.

  • A. Vendors
  • B. Products
  • C. Released products
  • D. Customers
  • E. General ledger parameters


Answer : A,C

You are using a voucher template to create a journal voucher. The template type is
Percent.
The template has four lines with the following amounts:
-> First line: $100
-> Second line: $200
-> Third line: S300
-> Fourth line: $400
When prompted for a voucher amount you enter $2,000.
What is the default amount on the third line of the journal voucher?

  • A. $150
  • B. $300
  • C. $600
  • D. $2,000


Answer : C

Your company plans to implement vendor invoice matching.
Your company policy states that vendor invoices must be reviewed to compare the prices and quantities on the invoices for accuracy.
You need to configure the invoice matching setup.
Which type of invoice matching should you configure?

  • A. Charges matching
  • B. Three-way matching
  • C. Invoice totals matching
  • D. Two-way matching


Answer : C

Which three objects can be used to define fixed asset posting profiles? Each correct answer presents part of the solution.

  • A. Asset type
  • B. Fixed asset group
  • C. Asset activity code
  • D. Transaction type
  • E. Value model


Answer : A,B,D

What is the purpose of collections cases?

  • A. To record nonsufficient funds (NSF) payments
  • B. To calculate interest on overdue transactions
  • C. To group collection activities and transactions
  • D. To write off transactions that have been deemed uncollectable


Answer : B

You create a budget cycle time span that is based on the fiscal calendar from July 2014 through June 2015-How many budget models can be used for the budget cycle?

  • A. One for each budget model and fiscal period combination
  • B. One for each fiscal period
  • C. Only one
  • D. One for each budget model


Answer : A

You need to set up preprinted checks in the Cash and bank management module.
Which two settings should you define? Each correct answer presents part of the solution.

  • A. Check number method set to Fixed
  • B. ABC codes
  • C. Bank number
  • D. Check format


Answer : A,C

You are performing a bank account reconciliation. On the account statement, you notice bank charges and bank interest. These charges and interest are unrecorded.
You want to record these transactions simultaneously with the bank reconciliation.
Where can you define the default accounts for such unrecorded bank transactions?

  • A. On the Bank transaction groups form
  • B. On the Bank accounts form
  • C. On the Reconciliation matching rules form
  • D. On the Bank transaction types form


Answer : A

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Total 93 questions