QUESTION 1
You create a purchase requisition and distribute amounts to the subledger that records pre- encumbrance and encumbrance commitments in Microsoft Dynamics AX 2012. Which of the following statements about entering purchase requisitions and updating the subledger is true?
A. After account distribution, the encumbrance can be previewed in the subledger journal. Posting occurs after final approval.
B. After account distribution, the encumbrance can be previewed and posted to the subledger. Final approval is not required.
C. After account distribution, the pre-encumbrance can be previewed and posted to the subledger. Final approval is not required,
D. After account distribution, the pre-encumbrance can be previewed in the subledger journal. Posting occurs after final approval.
Answer: A
Explanation:
http://msdn.microsoft.com/en-us/subscriptions/hh208518.aspx
QUESTION 2
You plan to associate a derived financial hierarchy with a legal entity in Microsoft Dynamics AX 2012. What must you do first? (Each correct answer presents part of the solution. Choose two.)
A. Assign the derived financial hierarchy category type to the category hierarchy.
B. Define filter rules for the derived financial hierarchy.
C. Assign project categories to the category hierarchy.
D. Create a category hierarchy.
Answer: AD
Explanation:
http://technet.microsoft.com/en-us/subscriptions/hh208586.aspx
QUESTION 3
You need to display a chart in Microsoft Dynamics AX 2012 of the total accounts payable balance by period. Which Public Sector Role Center contains this chart?
A. Accounting Manager
B. Controller
C. Accountant
D. Finance Director
Answer: C
Explanation:
http://microsoft-axapta.blogspot.co.uk/2010/09/reports-in-ax-2009.html
QUESTION 4
You need to produce a report in Microsoft Dynamics AX 2012 that displays customer account balances at the end of the previous month. Which report should you generate?
A. Customer aging report
B. Customer balance list report
C. Customer invoice transactions report
D. Detailed due date list report
Answer: B
Explanation:
http://technet.microsoft.com/en-us/library/aa550100.aspx
QUESTION 5
You need to plan for the revenue and expenditures of a project before the money is appropriated in Microsoft Dynamics AX 2012 Public Sector. Which type of budget should you configure?
A. Provisional
B. Original
C. Apportionment
D. Carry- forward
Answer: B
Explanation:
http://community.dynamics.com/product/ax/axnontechnical/b/erpsoftwareblog/archive/2012/02/15/better-budgeting-with-microsoft-dynamics-ax-2012-part-ii-of-excellence-in-financial-management.aspx
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QUESTION 6
Which of the following functions can you perform in Microsoft Dynamics AX 2012 Public Sector?
A. Allocate vendor payments to multiple bank accounts based on fixed amounts
B. Create purchase orders that override the typical purchasing process
C. Create year-end closing entries by purchase order number
D. Assign DUNS and DUNS+4 numbers to vendor contacts
Answer: B
Explanation:
http://msdn.microsoft.com/en-us/subscriptions/hh208558.aspx
QUESTION 7
Which of the following statements about posting definitions is true?
A. A posting definition can be assigned to a transaction type in a module different from that of the posting definition.
B. Posting definitions cannot be linked to multiple posting definitions.
C. Links among posting definitions can be set up only within the same module.
D. After you link to a posting definition from another posting definition, it can be linked to any other posting definition.
Answer: C
Explanation:
http://technet.microsoft.com/en-us/library/hh242680.aspx
QUESTION 8
You are creating a fund account in Microsoft Dynamics AX 2012. Which of the following statements about fund accounting is true?
A. Fund accounting requires the use of date intervals.
B. Fund accounting requires the use of currency and exchange rates.
C. Fund accounting requires the use of the fund dimension within the account number.
D. Fund accounting requires the use of period allocations.
Answer: C
Explanation:
http://msdn.microsoft.com/en-us/library/hh208594.aspx
QUESTION 9
Which of the following methods of creating account numbers in the chart of accounts requires the least amount of administrative effort?
A. Have the system generate the chart of accounts based on a tree.
B. Import the chart of accounts from another company.
C. Import the chart of accounts demonstration data from the installation CD.
D. Manually create the chart of accounts.
Answer: D
Explanation:
http://technet.microsoft.com/en-us/library/hh227530.aspx
QUESTION 10
You enter a fund entity for a financial dimension in Microsoft Dynamics AX 2012. You need to classify the fund properly for reporting purposes. In Microsoft Dynamics AX 2012, which of the following must you associate with fund classes?
A. Fund code
B. Fund type
C. Fund number
D. Fund value
Answer: D
Explanation:
http://msdn.microsoft.com/en-us/library/hh208594.aspx
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