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Microsoft MB6-871 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Manage Financials I36%- Cash and Bank Management
  • 1. Bank accounts setup
    • 2. Reconciliation processes
      - Sales tax configuration and management
      - Accounts Payable
      • 1. Vendor setup
        • 2. Invoice and payment processing
          - Set up and manage General Ledger
          • 1. Daily General Ledger procedures
            • 2. Journal setup and processing
              • 3. Chart of accounts configuration
                - Accounts Receivable
                • 1. Customer setup
                  • 2. Sales order and collection processing
                    Topic 2: Manage Fixed Assets31%- Fixed Assets Setup
                    • 1. Asset groups and parameters
                      • 2. Depreciation books and profiles
                        - Asset Acquisition and Disposal
                        - Depreciation and Adjustment Transactions
                        - Fixed Asset Reporting
                        Topic 3: Manage Financials II33%- Advanced Payment and Settlement
                        - Budgeting and Cash Flow Management
                        • 1. Budget setup and control
                          • 2. Cash flow forecasting
                            • 3. Commitment accounting
                              - Financial Consolidations
                              - Multicurrency and Intercompany Accounting
                              - Year-end Close and Financial Reporting
                              • 1. Financial statement generation
                                • 2. Closing procedures

                                  Microsoft Dynamics AX 2012 Financials Sample Questions:

                                  1. 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 fixed asset posting profile.
                                  B) The main account for the acquisition transaction type does not exist in the value model.
                                  C) The main account for the acquisition transaction type does not exist in the main account table.
                                  D) The offset account does not exist in the Acquisition journal name form.


                                  2. In Microsoft Dynamics AX 2012, where do you set up the capitalization threshold?

                                  A) In the Inventory parameters.
                                  B) In the Inventory item groups.
                                  C) In the Fixed Asset groups.
                                  D) In the General Ledger main accounts.


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

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


                                  4. Which of the following statements about the Microsoft Dynamics
                                  AX 2012 Depreciation book is true?

                                  A) The Depreciation book can be re-run only two times before the periods are closed for the Depreciation book.
                                  B) The Depreciation book can be re-run as many times as necessary while the periods are open for the Depreciation book.
                                  C) The Depreciation book can be re-run only one time before the periods are closed for the Depreciation book.
                                  D) The Depreciation book cannot be re-run while the periods are open for the Depreciation book.


                                  5. In Microsoft Dynamics AX 2012, what is the purpose of a Payment transfer form?

                                  A) To manage payments that have a status of Sent and have been posted.
                                  B) To manage payments that have a status of Sent and have not been posted.
                                  C) To generate advance payments.
                                  D) To verify vendor transactions that are open and approved.


                                  Solutions:

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

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