- Exam Code: MB6-871
- Exam Name: Microsoft Dynamics AX 2012 Financials
- Updated: Aug 31, 2026
- Q & A: 77 Questions and Answers
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| Section | Objectives |
|---|---|
| Fixed Assets | - Depreciation and value models - Asset acquisition and setup - Asset disposal and reporting |
| Accounts Receivable | - Sales invoices and credit management - Collections and payment processing - Customer setup and management |
| Period Close and Reporting | - Month-end and year-end closing processes - Financial consolidation and reporting |
| Budgeting and Financial Control | - Budget creation and maintenance - Budget control and tracking |
| General Ledger | - Chart of accounts setup and management - Financial reporting and statements - Posting profiles and financial dimensions - Journal processing and entries |
| Cash and Bank Management | - Payment journals and deposits - Bank account setup and reconciliation - Cash flow management |
| Accounts Payable | - Vendor setup and management - Invoice processing and approvals - Payment processing and settlements |
Question 1
In Microsoft Dynamics AX 2012, which of the following credit limit tolerances can be set up in Cash and Bank Management? (Choose all that apply.)
A. Validatethe system prompts the user to validate
B. Confirmthe system prompts the user to confirm
C. Error - the system generates an error notification
D. Warning - the system generates a warning notification
Question 2
You need to record fixed asset transactions by using journals. In Microsoft Dynamics AX 2012, what should you do?
A. In the General Ledger, create a journal name with the journal type Post fixed assets.
B. In the General Ledger, create a journal for a Depreciation book.
C. In the General Ledger, create a journal name with the journal type Fixed assets budget.
D. Create transaction text with the type Fixed assetPosting, Ledger.
Question 3
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
Question 4
In Microsoft Dynamics AX 2012, which of the following statements about encumbrance accounting (also known as commitment accounting) are true? (Choose all that apply.)
A. When the pre-encumbrance process is enabled, the encumbrance process is required.
B. To use encumbrance accounting with budget appropriation enabled, budget control is required.
C. A sales order is a typical encumbrance transaction for which there has been an expenditure of funds.
D. To use encumbrance accounting, posting definitions are required.
E. Closing purchase order encumbrances is part of the fiscal year closing process.
Question 5
In Microsoft Dynamics AX 2012, what is the purpose of an invoice register journal?
A. To enter and then post invoices when they arrive.
B. To pre-register invoices when they arrive and then transfer them to an invoice pool for approval.
C. To display information about invoices that are pending approval.
D. To use as a voucher template.
Solutions:
| Question 1 Answer: C,D | Question 2 Answer: A | Question 3 Answer: A | Question 4 Answer: A,D | Question 5 Answer: B |
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