Microsoft Dynamics AX 2012 Financials: MB6-871 Exam


"Microsoft Dynamics AX 2012 Financials", also known as MB6-871 exam, is a Microsoft Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 77 Q&As to your MB6-871 Exam preparation. In the MB6-871 exam resources, you will cover every field and category in Microsoft Dynamics AX 2012 Certification helping to ready you for your successful Microsoft Certification.

  • Exam Code: MB6-871
  • Exam Name: Microsoft Dynamics AX 2012 Financials
  • Total Questions: 77

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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Financial Reporting- Custom report generation
- Standard financial statements
Accounts Receivable- Credit management and collections
- Customer management and setup
- Invoicing and cash application
General Ledger- Financial period closing and reporting
- Chart of accounts setup and management
- Journal processing and posting
Budgeting and Financial Control- Budget creation and maintenance
- Budget control and variance analysis
Accounts Payable- Invoice processing and payments
- Vendor management and setup
- Aging and settlement processes
Cash and Bank Management- Bank account setup and reconciliation
- Cash flow management
Fixed Assets- Asset acquisition and capitalization
- Depreciation and disposal processes
System Setup and Configuration- Financial module configuration
- Posting profiles and parameters

Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Which type of fixed asset value adjustment is available in Microsoft Dynamics AX 2012?

A) Disposal scrap
B) Disposal sale
C) Write up adjustment
D) Provision for reserve


2. In Microsoft Dynamics AX 2012, which of the following is a mandatory step when posting bridging accounts?

A) Set up approvals.
B) Post the closing account.
C) Attach a ledger accrual to the journal line.
D) Post a payment to a temporary main account.


3. 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) Accounting date
C) Account
D) Dimension
E) Transaction text
F) Debit or Credit amount
G) Offset account


4. You need to set up the main account so that the ledger transactions posted to that account are available for the foreign currency revaluation process. In the Microsoft Dynamics AX 2012 Main account form, which fields should you select? (Choose all that apply.)

A) Foreign currency revaluation
B) Consolidation account
C) Mandatory reference
D) Monetary


5. In Microsoft Dynamics AX 2012, which of the following bank account status options are available? (Choose all that apply.)

A) Inactive for new transactions
B) Closed
C) Open
D) Active for all transactions


Solutions:

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

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