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Microsoft MB6-871 Exam Syllabus Topics:

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

Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which additional user interface element exists when a workflow approval is set up for a journal?

A) A yellow information bar.
B) A green arrow to start the workflow.
C) A Validate button in the action pane.
D) A Justify button in the action pane.


2. In Microsoft Dynamics AX 2012, where can you review value models that are linked to a fixed asset?

A) In the Fixed asset group form.
B) In the Fixed asset posting profile form.
C) In the Fixed asset parameters form.
D) In the corresponding main account.


3. You need to post an intercompany general ledger journal. In Microsoft Dynamics AX 2012, what should you set up to enable intercompany posting? (Choose all that apply.)

A) Set up the intercompany journal name in both companies.
B) Set up the intercompany posting accounts in only one company.
C) Set up the intercompany journal name in only one company.
D) Set up the intercompany posting accounts in both companies.


4. In Microsoft Dynamics AX 2012, which of the following transactions can be reversed by using the Reverse Transaction functionality? (Choose all that apply.)

A) General Ledger transactions that relate to general journal entries
B) Customer transactions that relate to sales orders
C) Vendor transactionsthat relate to purchase orders
D) Fixed Asset transactions thatrelate to fixed asset postings


5. What is the maximum number of collection letter codes that can be created for a collection letter sequence in Microsoft Dynamics AX 2012?

A) 6
B) 1
C) 3
D) 5


Solutions:

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

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