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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Accounts Receivable- Sales invoices and credit management
- Collections and payment processing
- Customer setup and management
Accounts Payable- Invoice processing and approvals
- Vendor setup and management
- Payment processing and settlements
Fixed Assets- Asset disposal and reporting
- Depreciation and value models
- Asset acquisition and setup
Cash and Bank Management- Bank account setup and reconciliation
- Cash flow management
- Payment journals and deposits
General Ledger- Financial reporting and statements
- Journal processing and entries
- Chart of accounts setup and management
- Posting profiles and financial dimensions
Budgeting and Financial Control- Budget control and tracking
- Budget creation and maintenance
Period Close and Reporting- Financial consolidation and reporting
- Month-end and year-end closing processes

Microsoft Dynamics AX 2012 Financials Sample Questions:

1. On which Microsoft Dynamics AX 2012 list page can you view cash flow forecasts?

A) All purchase requisitions
B) All sales orders
C) All customers
D) All production orders


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

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


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

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


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

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


5. In Microsoft Dynamics AX 2012, what is two-way invoice matching?

A) Matching the quantity information on the invoice to the quantity information on the purchase order.
B) Matching the quantity information on the invoice to the quantity information on selected product receipts.
C) Matching the price information on the intercompany sales order to the price information on the intercompany purchase order.
D) Matching the price information on the invoice to the price information on the purchase order.


Solutions:

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

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