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Microsoft MB6-871 Exam Syllabus Topics:

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

Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Your company plans to charge interest on customer overdue payments. You set up the required interest codes in Microsoft Dynamics AX 2012. What is the next step?

A) Apply the interest codes to customer parameters.
B) Apply the interest codes to customer groups.
C) Apply the interest codes to the customer master.
D) Apply the interest codes to customer posting profiles.


2. In Microsoft Dynamics AX 2012, what is a reason code?

A) a user-defined field used to provide background data about a transaction
B) a system-generated code used to track transaction postings
C) a user-defined field used to post transactions
D) a system-generated code used on Audit trail reports


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

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


4. 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 Receivable function Foreign currency revaluation.
C) Use the periodic Accounts Payable function Foreign currency revaluation.
D) Use the periodic General Ledger function Foreign currency revaluation.


5. What is the first step in the process of creating a new financial statement in Microsoft Dynamics AX 2012?

A) Create the financial statement column definition.
B) Create a dimension set.
C) Create a row definition.
D) Design the financial statement row structure.


Solutions:

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

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