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Microsoft Dynamics AX 2012 Financials Sample Questions:

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

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

2. In Microsoft Dynamics AX 2012, which additional user interface element exists when a workflow approval is set up for a journal?

A) A Justify button in the action pane.
B) A Validate button in the action pane.
C) A green arrow to start the workflow.
D) A yellow information bar.

3. You need to process exchange rate adjustments on eligible main accounts. In Microsoft Dynamics AX 2012, what should you do?

A) Use the periodic General Ledger function Ledger accounting currency conversion.
B) Use the periodic Accounts Payable function Foreign currency revaluation.
C) Use the periodic Accounts Receivable function Foreign currency revaluation.
D) Use the periodic General Ledger function Foreign currency revaluation.

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

5. Which of the following statements about Microsoft Dynamics AX 2012 elimination journal proposals are true? (Choose all that apply.)

A) An elimination journal proposal displays a preview of the results of elimination.
B) An elimination journal proposal can be run only once.
C) An elimination journal proposal enables you to validate the results of elimination.
D) An elimination journal proposal posts automatically.

Solutions: