Certificación Finanzas

You need to create a fixed asset that records depreciation quarterly.
Which form should you use to configure the period frequency for posting depreciation?

Which three methods can you use to assign bar codes to fixed assets? Each correct
answer presents a complete solution.

You need to configure a workflow to approve all budget amounts at the line level.
Which workflow configuration type should you use?

You need to ensure that you have the most current data to manage customer collections.
What should you create first?

Which two elements are required to create a budget plan in Microsoft Dynamics AX 2012?
Each correct answer presents part of the solution.

An asset reaches the end of its usable life.
You need to generate a document and record the sale of this asset.
What should you create?

You need to add general journal voucher lines.
Which three selections are valid account types? Each correct answer presents a complete
solution.

You need to create a budget register entry that will spread the amount you enter into the
line across multiple business units based on the revenue from the previous quarter.
What should you do?

Your company plans to implement vendor invoice matching.
Your company policy states that vendor invoices must be reviewed to compare the prices
and quantities on the invoices for accuracy.
You need to configure the invoice matching setup.
Which type of invoice matching should you configure?

You are the Microsoft Dynamics AX administrator for an organization.
The organization has a maximum cash credit limit of $20,000. If a payment is issued for
more than the stated cash credit limit, the payment is rejected and the organization is fined.
You need to ensure that payments do NOT exceed the cash credit limit.
Which two actions should you perform? Each correct answer presents part of the solution.

You receive approval for a new capital expenditure.
You need to enter the budgeted amounts in Microsoft Dynamics AX.
In which two areas can you enter the amounts? Each correct answer presents a complete
solution.

Which type of transactions require a bank transaction type to be set up on the Cash and
bank management parameters form?

What is the purpose of a budget model?

You are implementing Microsoft Dynamics AX 2012 for an organization that has multiple
regions of operation.
The organization has a policy that states that centralized payments should be processed
through the main office.
Which three actions should you perform to enable centralized payments? Each correct
answer presents part of the solution.

An organization has a policy of charging depreciation based on the usage of the fixed asset
in a fiscal year.
You need to configure depreciation according to this policy.
Which depreciation method should you use?

You need to acquire a fixed asset by using a purchase order.
Which two actions must be completed on the Fixed assets parameters form to achieve this
goal? Each correct answer presents part of the solution.

You have enabled the Bill of exchange feature in Microsoft Dynamics AX.
You post a protest bill of exchange to a customer account.
Which account type on the customer posting profile should be debited?

What is the purpose of budget control?

Your organization has a policy of validating the accuracy of beneficiary account details
such as routing numbers and account numbers.
Which functionality in Microsoft Dynamics AX 2012 should you set up?

In which three scenarios should you use a bridging account? Each correct answer presents
a complete solution.

You are using a voucher template to create a journal voucher. The template type is
Percent.
The template has four lines with the following amounts:
First line: $100
Second line: $200
Third line: S300
Fourth line: $400
When prompted for a voucher amount you enter $2,000.
What is the default amount on the third line of the journal voucher?

The accounts receivable manager runs a foreign currency revaluation on February 5. The
foreign currency revaluation has a considered date of January 31. The period closing for
this revaluation is set for January 31.
What is the result of this invoice revaluation if the invoice is settled on February 3?

Which two transactions can be reversed? Each correct answer presents a complete
solution.

You create a budget cycle time span that is based on the fiscal calendar from July 2014
through June 2015-How many budget models can be used for the budget cycle?

You are processing a vendor payment. You attempt to print a check from Microsoft
Dynamics AX 2012. Due to printer issues, the check is damaged and the journal is not yet
posted.
You need to cancel the check.
What should you do?

In which three modules is currency rounding configuration an option? Each correct answer presents a complete solution.

Which statement about generating deposit slips is correct?

You need to configure how fixed assets will be numbered.
Which two techniques accomplish this goal? Each correct answer presents a

What is the purpose of an account structure?

You need to generate a vendor prepayment in a payment journal.
Which two processes should you complete before posting a prepayment? Each correct
answer presents part of the solution.

You are implementing Microsoft Dynamics AX 2012.
You need to set up invoices for payment so they are summed up for the payment proposal
period.
Which period option should you choose?

Where do you define the Main account information for bank and cash subledger journal
account transactions?

In which three scenarios can you use a free text invoice? Each correct answer presents a
complete solution.

You are performing a bank account reconciliation. On the account statement, you notice
bank charges and bank interest. These charges and interest are unrecorded.
You want to record these transactions simultaneously with the bank reconciliation.
Where can you define the default accounts for such unrecorded bank transactions?

In which two scenarios should you use a periodic journal? Each correct answer presents a
complete solution.

To which two entities can you lend a fixed asset? Each correct answer presents a complete
solution.

The encumbrance process is enabled in your Microsoft Dynamics AX environment. A buyer for your organization creates a purchase order for a $10,000 contract with a lawyer
who is providing legal advice related to a claim. You post an invoice for $2,000 from the
lawyer for the cost of his services so far.
What is the encumbrance amount for the contract with the lawyer after the invoice is
posted?

You are setting up cash flow forecasting in Microsoft Dynamics AX 2012.
You need to ensure that the budget entries are shown in the cash flow.
Which action should you perform?

Which two options prevent new checks from posting to a bank account? Each correct
answer presents a complete solution.

What are three operating units that can be used as a financial dimension? Each correct
answer presents a complete solution.

You enable invoice matching validation by using Microsoft Dynamics AX.
Your organization has a policy that requires you to monitor freight cost variances by
matching the purchase order to the vendor invoices.
Which type of matching should you use?

You are entering a customer sales order that has two lines: one line for item A and one line
for item B.
The following statements are necessary to calculate sales tax for the sales order:
The sales tax group linked to the customer includes sales tax codes ST1,ST2,
ST3, and ST4.
The item sales tax group linked to item A includes sales tax codes ST1, ST2, and
ST5.
The item sales tax group linked to item B includes sales tax codes ST1, ST3, and
ST5.
You need to calculate sales taxes for each of the sales order lines.
Which two statements describe how sales taxes are calculated for the sales order? Each
correct answer presents part of the solution.

You apply a customer payment. The payment amount is less than the amount of the
invoice.
What are two results of this payment? Each correct answer presents part of the solution.

What is the difference in the setup of periodic journals and voucher templates?

Which entity is used to define sales tax percentages or amounts?

Which two forms can be used to assign a default item sales tax group? Each correct
answer presents a complete solution.

You need to update the depreciation periods for a specific fixed asset.
Where can you update the depreciation periods?

Which step must be taken before you can record an acquisition of a fixed asset on the
General journal form?

You need to set up preprinted checks in the Cash and bank management module.
Which two settings should you define? Each correct answer presents part of the solution.

You are the administrator for a multinational corporation (MNC). The corporation uses
multiplechart of accounts and their corresponding financial dimension sets to meet the
requirements of different regions. Each region is defined as a separate legal entity. You
have defined multiple account structures as a combination of chart of accounts and
dimensions.
You need to assign these account structures to a specific region.
Which form should you use to accomplish this goal?

Which two documents can you use to set up fixed asset acquisitions? Each correct answer
presents a complete solution.

What does a depreciation convention determine?

A vendor contacts you about an unpaid invoice.
You verify that a check was printed and mailed one month ago.
The vendor did not receive the check.
You need to reissue a check to the vendor. Which action should you perform?

You are configuring a budget plan to automatically spread.
Which allocation method should you use?

You have an invoice for $10,000. One payment of $3,000 has already posted against this
invoice.
You need to allow cashdiscounts on the $3,000 payment.
Which action should you perform?

When you post an invoice, you receive an error message.
Which two actions does the system apply to the invoice? Each correct answer presents a
complete solution.

You are setting up cash flow management in your organization by using Microsoft
Dynamics AX 2012.
A delay of five days is expected from the due date of the payments to the date on which the
payments are drawn from your bank account
Where on the Vendor groups form should you set up this delay?

Which three statements about value models are correct? Each correct answer presents a
complete solution.

You need to update the organization hierarchy to prepare for a reorganization of your
business.
Which effective date is valid when you publish the updated hierarchy?

You are configuring budgets for your organization. Your organization uses a scientifically
calculated, predefined percentage of direct expenses for each of its departments.
You need to define these percentages so that the budget automatically allocates to these
departments from the main accounts.
What should you configure?

Which form should you use to assign a chart of accounts to a legal entity?

Which three settings can be defined when configuring budget control? Each correct answer
presents a complete solution.

You need to set up the aging period definitions for the Vendor aging report.
What is the maximum number of aging periods that you can define?

What are three account types that you can choose in a General ledger journal voucher?
Each correct answer presents a complete solution.

You set up and activate a new budget planning process. You generate the original budget plan from the general ledger data.
The department managers need to enter their requested amounts for the budget plan and
then load them back into Microsoft Dynamics AX.
Where should the department managers enter the data?

What is the purpose of a budget planning stage?

Your company uses a fiscal calendar that has the following pattern:
First fiscal period is four weeks long.
Second fiscal period is four weeks long.
Third fiscal period is five weeks long.
This pattern repeats throughout the entire fiscal year.
You need to configure the fiscal calendar in Microsoft Dynamics AX.
How should you create the fiscal calendar?

You selectBusiness unit and Department as the only financial dimensions to use with
budget control.
You need to prevent a budget overrun on all direct expense accounts.
What should you do?

You create a new bank account.
You configure the check layout to be fixed.
You need to create the first batch of checks.
Where should you create the checks?

You need to configure fixed assets so that information such as asset purchase,
depreciation, revaluation, adjustment, and sale or disposal is tracked over the lifetime of
the assets.
Which form tracks this financial information?

You need to create vendor accounts by using Microsoft Dynamics AX.
Which field is mandatory for creating a vendor account?

You need to pay all open invoices that have a due date on or before July 10.
You want to take advantage of any available discounts.
Which two settings must you select when creating the payment proposal? Each correct
answer presents part of the solution.

You need to ensure that when a check is paid to your vendors, only one check is generated
for each vendor.
What should you configure?

You need to set up the posting profile for realized and unrealized gains and losses.
Which two forms should you use? Each correct answer presents a complete solution.

Which three objects can be used to define fixed asset posting profiles? Each correct
answer presents part of the solution.

In which three modules can a fixed asset be acquired? Each correct answer presents a
complete solution.

What is the purpose of collections cases?

You need to record fixed asset transactions by using journals.
What should you configure before you can begin the recording process?

Which three transaction types can you use to dispose of an asset? Each correct answer
presents a complete solution.

You are implementing fixed assets for your company.
The company requires the following business process for creating assets:
1. A worker completes a capital expenditure form and submits it to the accounting department for review and approval.
2. After the form is approved, the asset is created.
3. A purchasing agent creates a purchase order and submits it to the vendor for
processing.
4. When the invoice is received from the vendor, the accounts payable clerk processes an
invoice to acquire the asset. No other users are allowed to process the acquisition.
You need to configure Microsoft Dynamics AX to meet these requirements.
Which two configurations should you complete? Each correct answer presents part of the
solution.

In which two situations can you print a pro forma invoice? Each correct answer presents a
complete solution.

Each department manager at your company is responsible for managing his or her own
department's budgets. The budget manager decides that some departments must use a different budget threshold
than other departments.
You need to configure Microsoft Dynamics AX to ensure that the new policies are enforced.
What should you configure?

You need to revaluetheforeign currency transactions in the Accounts payable subledger.
Which two statements describe what the foreign currency revaluation job accomplishes?
Each correct answer presents a complete solution.

Your company uses two-way matching to create vendor invoices.
Which elements are used in the two-way matching process?

You are configuring Microsoft Dynamics AX for basic budgeting.
Which two setups are optional? Each correct answer represents a complete solution.

Your organization is using the Budgeting module to develop a budget plan.
The budget plan needs to go through various phases before it is approved.
Where do you define these phases on the Budget planning configuration form?

Two vendors contact you and request that you send all purchase confirmations to a specific
email address.
You need to configure Microsoft Dynamics AX to automatically send the email to the
vendors.
What should you do?

You are setting up the cash flow forecast in Microsoft Dynamics AX for your organization.
The organization has accounts that are identified as cash or cash equivalents.
You need to set up these accounts as liquidity accounts for cash flow forecast purposes.
Where do you set up the accounts?

Your organization uses Microsoft Dynamics AX. You need to set up journal names for the General journal.
Which journal type should you specify?

To which object can you link a budget register entry workflow?