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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, what is budget control functionality?

A) a method of ensuring that sufficient budget funds are available for planned or actual purchases
B) zero-based budgeting
C) incremental budgeting
D) a process in the Workflow Management module

2. In Microsoft Dynamics AX 2012, what is the purpose of the fill utility?

A) To enable the automatic completion of form fields.
B) To import Microsoft Excel data.
C) To transfer sales tax information.
D) To enable users to bulk-update records.

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

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

4. In Microsoft Dynamics AX 2012, which of the following are features of approval journals? (Choose all that apply.)

A) Applying journal templates after posting but before transferring to history.
B) Adding an extra layer of approval control by using the posting restriction option.
C) Adding user groups through the workflow management functionality.
D) Setting up journal templates with a mandatory approval setting.

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

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

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