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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Topic 1: Fixed Assets- Asset acquisition and capitalization
- Depreciation and disposal processes
Topic 2: Accounts Payable- Vendor management and setup
- Invoice processing and payments
- Aging and settlement processes
Topic 3: Cash and Bank Management- Bank account setup and reconciliation
- Cash flow management
Topic 4: Budgeting and Financial Control- Budget control and variance analysis
- Budget creation and maintenance
Topic 5: Financial Reporting- Standard financial statements
- Custom report generation
Topic 6: System Setup and Configuration- Posting profiles and parameters
- Financial module configuration
Topic 7: Accounts Receivable- Invoicing and cash application
- Credit management and collections
- Customer management and setup
Topic 8: General Ledger- Financial period closing and reporting
- Chart of accounts setup and management
- Journal processing and posting

Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Which of the following statements about financial workflows in Microsoft Dynamics AX 2012 is true?

A) There is one workflow type for each module.
B) A workflow configuration is based on a workflow type.
C) Within each workflow configuration, all approval nodes are used.
D) A workflow configuration is based on a workflow style.


2. You need to loan fixed assets in Microsoft Dynamics AX 2012. What should you do?

A) Use the Loaned equipment periodic function.
B) Use the fixed asset journal.
C) Use the inventory to fixedasset journal.
D) Click the Lend button on the Fixed asset form.


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


4. In Microsoft Dynamics AX 2012, with which journal types can you use a voucher template? (Choose all that apply.)

A) General Ledger general journal
B) Accounts Payable invoice journal
C) Accounts Receivable invoice journal
D) Accounts Receivable payment journal
E) Accounts Payable payment journal


5. In Microsoft Dynamics AX 2012, which of the following credit limit tolerances can be set up in Cash and Bank Management? (Choose all that apply.)

A) Error - the system generates an error notification
B) Warning - the system generates a warning notification
C) Validatethe system prompts the user to validate
D) Confirmthe system prompts the user to confirm


Solutions:

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

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