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QUESTION 21
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. To use encumbrance accounting, posting definitions are required.
B. Closing purchase order encumbrances is part of the fiscal year closing process.
C. When the pre-encumbrance process is enabled, the encumbrance process is required.
D. To use encumbrance accounting with budget appropriation enabled, budget control is required.
E. A sales order is a typical encumbrance transaction for which there has been an expenditure of funds.
Answer: AC
QUESTION 22
On which Microsoft Dynamics AX 2012 list page can you view cash flow forecasts?
A. All customers
B. All sales orders
C. All production orders
D. All purchase requisitions
Answer: B
QUESTION 23
You need to set up the Microsoft Dynamics AX 2012 chart of accounts for intercompany transactions.
Which ledger account type should you specify for the Due to and Due from ledger accounts?
A. Balance sheet
B. Profit and loss
C. Reporting
D. Revenue
Answer: A
QUESTION 24
You need to set up the main account so that the ledger transactions posted to that account are available for the foreign currency revaluation process.
In the Microsoft Dynamics AX 2012 Main account form, which fields should you select? (Choose all that apply.)
A. Consolidation account
B. Foreign currency revaluation
C. Mandatory reference
D. Monetary
Answer: BD
QUESTION 25
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 journal name in only one company.
C. Set up the intercompany posting accounts in both companies.
D. Set up the intercompany posting accounts in only one company.
Answer: AC
QUESTION 26
You need to process exchange rate adjustments on eligible main accounts.
In Microsoft Dynamics AX 2012, what should you do?
A. Use the periodic General Ledger function Foreign currency revaluation.
B. Use the periodic Accounts Payable function Foreign currency revaluation.
C. Use the periodic Accounts Receivable function Foreign currency revaluation.
D. Use the periodic General Ledger function Ledger accounting currency conversion.
Answer: A
QUESTION 27
In Microsoft Dynamics AX 2012, which of the following is a mandatory step when posting bridging accounts?
A. Set up approvals.
B. Post the closing account.
C. Attach a ledger accrual to the journal line.
D. Post a payment to a temporary main account.
Answer: D
QUESTION 28
You need to set up electronic vendor payments in Microsoft Dynamics AX 2012.
What should you do first?
A. Set up methods of payment in Accounts Receivable.
B. Set up and configure electronic bank accounts in Cash and Bank Management.
C. Set up and configure electronic customer bank accounts in Accounts Payable.
D. Set up and configure electronic customer bank accounts in Accounts Receivable.
Answer: B
QUESTION 29
In Microsoft Dynamics AX 2012, which of the following is a requirement for using centralized payments?
A. The currency codes in both companies must be the same.
B. Companies must be connected in an organizational hierarchy.
C. The posting profile IDs for each of the companies must be unique.
D. The method of payment for each of the companies must be unique.
Answer: B
QUESTION 30
You need to import an electronic bank confirmation for a vendor payment.
In Microsoft Dynamics AX 2012, which form should you use?
A. Bank journal
B. General ledger journal
C. Payment journal
D. Payment transfer journal
Answer: D
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