Q1. Your company receives several invoices on which the sales lax amount differs from what Microsoft Dynamics AX Financials calculates automatically.
To make the sales tax amounts match the invoices, you need to revise the sales tax amount on a transaction before posting.
What are the three types of revisions that you can perform? Each correct answer presents part of the solution.
A. Enter a correction of the sales tax amount in the "Actual sales tax amount" field for a selected sales tax code line.
B. Enter an adjustment amount in the "Actual sales tax charge" field if the transaction has several sales tax code lines.
C. Enter adjustments to the use tax amount in the "Total actual sales tax amount" field if the sales tax code line applies to use taxes.
D. Enter adjustments to the use tax amount in the "Actual sales tax charge" field if the sales tax code line applies to use taxes.
E. Enter an adjustment amount in the "Total actual sales tax amount" field if the transaction has several sales tax code lines.
Answer: A,B,C
Q2. You are the finance manager at your company, and you are configuring the bank module. Your primary concern is reviewing processes before posting.
Aside from workflow, which two processes are in the cash and bank parameters for an un- posted journal to be created before posting? Each correct answer presents a complete solution.
A. intercompany transfers
B. electronic payments
C. deposit slip cancellations
D. check reversals
Answer: B,D
Q3. You are the finance manager at your company, and you are configuring the bank module. Your primary concern is reviewing processes before posting.
Aside from workflow, which two processes are in the cash and bank parameters for an un- posted journal to be created before posting? Each correct answer presents a complete solution.
A. intercompany transfers
B. electronic payments
C. deposit slip cancellations
D. check reversals
Answer: B,D
Q4. You are implementing consolidations for your company. You want to use the consolidation conversion principles to convert subsidiary data in foreign currencies.
What are three requirements for starting the consolidation process? Each correct answer presents part of the solution.
A. Consolidation accounts
B. Balance control account
C. Consolidation account group
D. Legal Entity
E. Ledger elimination rule
Answer: A,D,E
Q5. You are processing a customer payment and want to generate a payment line based on due date so that you can search the invoice lines that meet selected search criteria.
What should you do?
A. Use Settlement
B. Use payment transfer.
C. Use Manual Payment Journal
D. Use Payment proposal
Answer: A
Q6. Your company has decided to add five new vendors for purchasing and you are responsible for confi-guring the vendors in the new system.
You want to group vendors by some specific values that are shared across multiple vendors and you have indentified vender groups on the vendor group from, which two specific values can be defined? Each correct answer presents a complete solution.
A. Terms of payment
B. aging periods
C. matching policy
D. default tax group
Answer: B,D
Q7. Your company decides to use Microsoft Dynamics AX Financials for consolidated financial reporting instead of using Management Reporter.
You need to configure a new legal entity for the consolidated financial transactions.
What must you do to enable the subsidiary company’s transactions to consolidate into the new legal entity that you are creating?
A. Enable the “Use for financial consolidation process” check box in both the consolidated and subsidiary companies.
B. Enable the “Use for financial consolidation process” check box in the subsidiary company.
C. Enable the “Use for financial elimination process” check box in the consolidation company.
D. Enable the “Use for financial consolidation process” check box for the consolidated
company.
Answer: B
Q8. Your company needs to reuse a check number in case a check was printed incorrectly or the check stock was not used. You need to allow reuse of the check number. Where do you define this action?
A. in the Vendors area of the Accounts payable parameters setup form
B. in the Customers area of Accounts receivable parameters setup form
C. in the Cash and bank management parameters form of the Cash and bank management parameters setup form
D. in the Posting area of the General ledger parameters setup form
Answer: A
Q9. The finance department of a company is analyzing which budgeting methodology it wants to use for the next fiscal year.
The department has narrowed the options down to historical budgeting and zero-based budgeting.
Which advantage does a historical budgeting methodology provide over a zero-based budgeting methodology?
A. eliminates inflated budgets since performance determines the next budget
B. stabilizes budget and offers gradual change
C. helps to identify opportunities for outsourcing
D. drives managers to find cost-effective ways to improve operations
Answer: D
Q10. You are processing a customer payment and want to generate a payment line based on due date so that you can search the invoice lines that meet selected search criteria.
What should you do?
A. Use Settlement
B. Use payment transfer.
C. Use Manual Payment Journal
D. Use Payment proposal
Answer: A