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Last Updated: Jul 24, 2026
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| Section | Objectives |
|---|---|
| Topic 1: Budgeting and Financial Control | - Budget control and variance analysis - Budget creation and maintenance |
| Topic 2: Accounts Receivable | - Credit management and collections - Customer management and setup - Invoicing and cash application |
| Topic 3: Cash and Bank Management | - Bank account setup and reconciliation - Cash flow management |
| Topic 4: Accounts Payable | - Vendor management and setup - Aging and settlement processes - Invoice processing and payments |
| Topic 5: General Ledger | - Chart of accounts setup and management - Financial period closing and reporting - Journal processing and posting |
| Topic 6: System Setup and Configuration | - Financial module configuration - Posting profiles and parameters |
| Topic 7: Fixed Assets | - Depreciation and disposal processes - Asset acquisition and capitalization |
| Topic 8: Financial Reporting | - Standard financial statements - Custom report generation |
1. You need to automatically create a fixed asset from a purchase order when an invoice is posted. In Microsoft Dynamics AX 2012, which of the following actions should you perform?
A) Configure the fixed asset acquisition methods.
B) Configure the fixed asset posting profile.
C) Select the Create asset during product receipt or invoice posting fixed asset parameter.
D) Select the Allow asset acquisition from Purchasing fixed asset parameter.
E) Select the Check for fixed assets creation during line entry fixed asset parameter.
2. Which type of fixed asset value adjustment is available in Microsoft Dynamics AX 2012?
A) Write up adjustment
B) Provision for reserve
C) Disposal scrap
D) Disposal sale
3. In Microsoft Dynamics AX 2012, which of the following is a requirement for using centralized payments?
A) Companies must be connected in an organizational hierarchy.
B) The currency codes in both companies must be the same.
C) The posting profile IDs for each of the companies must be unique.
D) The method of payment for each of the companies must be unique.
4. In Microsoft Dynamics AX 2012, which of the following account types can you choose in a general journal line? (Choose all that apply.)
A) Sales Order
B) Ledger
C) Item
D) Project
E) Vendor
5. You need to loan fixed assets in Microsoft Dynamics AX 2012. What should you do?
A) Use the Loaned equipment periodic function.
B) Use the fixed asset journal.
C) Use the inventory to fixedasset journal.
D) Click the Lend button on the Fixed asset form.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: B,D,E | Question # 5 Answer: B |
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