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Microsoft MB6-871 Exam Syllabus Topics:

SectionWeightObjectives
Manage Financials I36%- Set up and manage General Ledger
  • 1. Journal setup and processing
    • 2. Chart of accounts configuration
      • 3. Daily General Ledger procedures
        - Cash and Bank Management
        • 1. Reconciliation processes
          • 2. Bank accounts setup
            - Sales tax configuration and management
            - Accounts Payable
            • 1. Invoice and payment processing
              • 2. Vendor setup
                - Accounts Receivable
                • 1. Sales order and collection processing
                  • 2. Customer setup
                    Manage Fixed Assets31%- Asset Acquisition and Disposal
                    - Fixed Asset Reporting
                    - Depreciation and Adjustment Transactions
                    - Fixed Assets Setup
                    • 1. Depreciation books and profiles
                      • 2. Asset groups and parameters
                        Manage Financials II33%- Year-end Close and Financial Reporting
                        • 1. Financial statement generation
                          • 2. Closing procedures
                            - Multicurrency and Intercompany Accounting
                            - Financial Consolidations
                            - Advanced Payment and Settlement
                            - Budgeting and Cash Flow Management
                            • 1. Budget setup and control
                              • 2. Cash flow forecasting
                                • 3. Commitment accounting

                                  Microsoft Dynamics AX 2012 Financials Sample Questions:

                                  Question #1

                                  You need to delete a check from Microsoft Dynamics AX 2012. What status must the check have before it can be deleted?

                                  • A. Invoiced
                                  • B. Created
                                  • C. Void
                                  • D. Processed
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Question #2

                                  While invoice-updating a sales order, Microsoft Dynamics AX 2012 displays the following error. Account number for transaction type Tax does not exist. You need to resolve the error. What should you do?

                                  • A. In the Sales tax codes form, set the ledger posting group for the tax combination from the sales order.
                                  • B. In the Customer posting profiles form, set the sales tax prepayment main account for the customer.
                                  • C. In the Ledger posting groups form, specify the main account for the corresponding ledger posting group.
                                  • D. Create a record in the item Posting form for the sales tax group that is used in the sales order.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #3

                                  In Microsoft Dynamics AX 2012, you enter a fixed asset that is associated with a
                                  project into the Project form. Which project types can you use for the fixed asset?
                                  (Choose all that apply.)

                                  • A. Time
                                  • B. Internal
                                  • C. Cost
                                  • D. Time and material
                                  • E. Fixed price
                                  • F. Investment
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,C,F  🗳️

                                  Question #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. Project
                                  • B. Sales Order
                                  • C. Item
                                  • D. Vendor
                                  • E. Ledger
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,D,E  🗳️

                                  Question #5

                                  In Microsoft Dynamics AX 2012, what is budget control functionality?

                                  • A. zero-based budgeting
                                  • B. a process in the Workflow Management module
                                  • C. a method of ensuring that sufficient budget funds are available for planned or actual purchases
                                  • D. incremental budgeting
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

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