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Microsoft MB6-871 Exam Syllabus Topics:

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

                                  Microsoft Dynamics AX 2012 Financials Sample Questions:

                                  1. In Microsoft Dynamics AX 2012, which of the following statements must be true in order to edit the calendar attached to a Depreciation book?

                                  A) No journals or transactions with an Open status exist for the Depreciation book.
                                  B) No journals or transactions with aclosedstatus exist for the Depreciation book.
                                  C) No journals or transactions with a Suspended status exist for the Depreciation book.
                                  D) No journals or transactions with any status exist for the Depreciation book.


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

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


                                  3. You need to set up electronic vendor payments in Microsoft Dynamics AX 2012. What should you do first?

                                  A) Set up and configure electronic customer bank accounts in Accounts Receivable.
                                  B) Set up and configure electronic customer bank accounts in Accounts Payable.
                                  C) Set up and configure electronic bank accounts in Cash and Bank Management.
                                  D) Set up methods of payment in Accounts Receivable.


                                  4. Which of the following actions can you perform when defining the fiscal yearend close parameters in Microsoft Dynamics AX 2012?

                                  A) Set the Main accounts to the default value for the new fiscal year.
                                  B) Delete close-of-year transactions during transfer.
                                  C) Set the period status to current for new fiscal periods.
                                  D) Create an opening balance for the new fiscal year.


                                  5. 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) General Ledger transactions
                                  C) budget transactions
                                  D) customer balances
                                  E) cash flow forecast transactions


                                  Solutions:

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

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