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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger- Financial reporting and statements
- Posting profiles and financial dimensions
- Journal processing and entries
- Chart of accounts setup and management
Topic 2: Period Close and Reporting- Month-end and year-end closing processes
- Financial consolidation and reporting
Topic 3: Cash and Bank Management- Payment journals and deposits
- Bank account setup and reconciliation
- Cash flow management
Topic 4: Accounts Receivable- Collections and payment processing
- Sales invoices and credit management
- Customer setup and management
Topic 5: Budgeting and Financial Control- Budget creation and maintenance
- Budget control and tracking
Topic 6: Accounts Payable- Invoice processing and approvals
- Vendor setup and management
- Payment processing and settlements
Topic 7: Fixed Assets- Depreciation and value models
- Asset acquisition and setup
- Asset disposal and reporting

Microsoft Dynamics AX 2012 Financials Sample Questions:

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

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


2. In Microsoft Dynamics AX 2012, which type of round-off can you apply to a sales tax group?

A) Sales tax exemptions
B) Sales tax provisions
C) Sales tax codes
D) Sales tax intervals


3. In Microsoft Dynamics AX 2012, where do you enter a budget for a fixed asset?

A) In the Fixed asset parameters form.
B) In the fixed asset budget journal and directly on each fixed asset.
C) In the Fixed asset group form.
D) In the fixed asset journal.


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

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


5. In Microsoft Dynamics AX 2012, which fixed asset transaction can you process in the Free text invoice form?

A) Acquisition
B) Disposal scrap
C) Acquisition adjustment
D) Disposal sale


Solutions:

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

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