# MB6-818 - AX 2009 Financials

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Microsoft
## Example Questions

You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In your company, the Financial Controller has created the fiscal period for 12 months. In order to forbid any other user to post a transaction for the previous month and still allow the period to be reopened, in Microsoft Dynamics AX 2009, to what must the status for period code Normal be set?
The status for period code Normal must be set to Stopped.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. The Controller decides to give cash discounts to his old customers. From the data of invoice, a 12% cash discount is offered if the payment is made within six days; 6% discount is offered if the payment is made within ten days; 3% discount is offered if the payment is made within fifteen days. In Microsoft Dynamics AX 2009, how can this scenario are achieved?
For the 6 days 12% code, the 10 days 6% code is selected in the Next discount code list. For the 10 days 6% code, the 15 days 3% code is selected in the Next discount code.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In your company, some of the budgets are allocated equally over the accounting period and some are allocated irregularly to coincide with different revenue cycles during festivals. The financial department of your company has budget ed USD 48,000.00 to each distribution center towards travel expenses. The expenses are distributed equally for all the months in the year, except during festive seasons, which has an expected increase of 9% for the year. In Microsoft Dynamics AX 2009, what budget setup must be done for ledger account travel expense to achieve this?
Period Allocation keys must be set up.
You are the system administrator of dynamics AX 2009. The posting validation settings for a ledger account can be defined in Microsoft Dynamics AX 2009 only for which option? (choose more than one)
For Currency
For Sales tax code
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. The Controller wants to have a bank transaction type. When the vendor invoices are paid by check, the bank transaction type will be mandatory. In order to achieve this in Microsoft Dynamics AX 2009, what setup must be made in the Methods of Payment form?
In the Methods of payment form, select the Bank transaction type mandatory check box.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In Microsoft Dynamics AX 2009, in order to process electronic vendor payments, what are the required basic setups to be made? (choose more than one)
Bank accounts in the Bank management module
Methods of Payment form in the Accounts payable module
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. Your company maintains an asset with the combination of two depreciation methods, depreciation by Straight line method by 20%, and depreciation by Reducing balance method by 20%. In Microsoft Dynamics AX 2009, In order to allow your company to post the highest depreciation, what must be specified in the Value model form to perform this? (choose more than one)
Depreciation profile must be specified.
Alternative depreciation profile must be specified.
You are the system administrator of dynamic s AX 2009. In Microsoft Dynamics AX 2009, do you know with what status can a check be deleted?
A check can be deleted with the status Created.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In your company, the Controller plans to have a validation of dimensions for all the administrative expense accounts. The dimension value entered in the transaction matches the value specified in the ledger accounts when a transaction is updated. For administrative expense accounts, which dimension validation is specified?
Table is specified for administrative expense accounts.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In Microsoft Dynamics AX 2009, when the Track revisions option is selected for a budget model, what is verified? (choose more than one)
It is verified that whether the current system date falls inside a revision date range.
It is verified that whether the Budget date field falls within the budget period date range assigned to a budget revision.
You are the system administrator of dynamics AX 2009. In Microsoft Dynamics AX 2009, which of the options below does the Dimension focus for financial statements combine?(choose more than one)
The Dimension focus for financial statements combines dimension.
The Dimension focus for financial statements combines ledger accounts.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In Microsoft Dynamics AX 2009, when transactions are processed through the invoice register, which ledger account is used for automatic posting of vendor balances?
Arrival is used for automatic posting of vendor balances.
You are the system administrator of dynamic s AX 2009. In Microsoft Dynamics AX 2009, which must be true to associate a fixed asset with a project, in the Projects form? (choose more than one)
The Project status is not finished.
The project type must be Internal, Investment, or Cost.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In your company, the financial Controller intends to specify standard codes. So the management and auditors are provided with the ability to analyze the transaction reversal history by a specific identification code. In Micros oft Dynamics AX 2009, which functionality must be used to achieve this?
Reason codes must be used to achieve this.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. Recently an item is been imposed special duties. Before the business tax is calculated, the duty amounts are added to the net amount. In order to count the business tax, which option of origin must be set up in Microsoft Dynamics AX 2009?
In Microsoft Dynamics AX 2009, percentage of gross amount must be set up.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. At the end of the year, your company wants to consolidate its subsidiary company accounts and eliminate the rent paid on behalf of its subsidiary. The elimination rule must be performed in the consolidation company and set for Due from and Due to ledger accounts. In order to achieve this in Microsoft Dynamics AX 2009, what are the required setups to be made in the consolidation company?(choose more than one)
In general ledger Parameter, mark Elimination Company accounts.
In general ledger Parameter, mark Consolidation Company accounts.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. On the 23th of each month, the Ever Bighting bank pays 0.19% interest to your company account number 110105. The balance in account 110105 is directly attributed to the activity in account 401130. What should your company do to recognize the expected interest in the cash flow forecast?
Set up account 110105 to be dependent on the Setup button for the cash flow forecast to account 401130 using a rate of 0.25% in the Chart of Accounts form.
You are the system administrator of dynamic s AX 2009. In Microsoft Dynamics AX 2009, what journals are available are available for transaction entry in the Fixed assets module? (choose more than one)
In Microsoft Dynamics AX 2009, depreciation books is available for transaction entry.
In Microsoft Dynamics AX 2009, inventory to fixed assets is available for transaction entry.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In your company, the Controller wants to post the interest amount which is calculated on all outstanding customer invoices by using a separate account. In Microsoft Dynamics AX 2009, where is this separate account for the interest specified?
This separate account for the interest is specified in interest form.
You are the system administrator of dynamics AX 2009. In Microsoft Dynamics AX 2009, where is the print management for original records, copyrecords, and conditional settings defined?
It is defined in Module, Account, and Transaction.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. Recently a customer signs a big contract with your company. The customer has made the payment. Now this receipt has to be recorded, so what must be selected in Microsoft Dynamics AX 2009?
In order to record this receipt, prepayment when updating in the journal has to be selected.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. Your company purchases a new computer form a regular vendor. Xwii Comps in the General ledger module. The Accountant creates and updates the details of this new computer. For the above asset through a purchase order, the Accounts Payable Administrator is asked to update and post the invoice. While entering the invoice, the Administrator knows that the purchase is for a fixed asset, but does not know the asset number to be assigned to the invoice. In Microsoft Dynamics AX 2009, in order to update and post the invoice with the specific fixed asset through a purchase order without further intervention, what must be set up to achieve this?
In Microsoft Dynamics AX 2009, in order to achieve this, enable create asset during packing slip or invoice posting.
You are the system administrator of dynamics AX 2009. In Microsoft Dynamics AX 2009, in order to include the fixed asset budgets in the financial budgets, which of the following options are available in the Fixed assets budget form to achieve this?
Transfer to fixed asset and ledger budget
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. When making vendor or customer payments, the Multiple change functionality can be used to make changes to which of the following fields in the payment proposal? (choose more than one)
The Multiple change functionality can be used to make changes to due date.
The Multiple change functionality can be used to make changes to methods of payment.
You are the system administrator of dynamic s AX 2009. In Microsoft Dynamics AX 2009, the reversal functionality can be applied to which transaction?
The reversal functionality can be applied to fixed assets.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In Microsoft Dynamics AX 2009, what are the price match options available for the invoice matching process, which are located in the Accounts payable parameters form? (choose more than one)
The line prices are greater than the allowed tolerance.
The line prices are greater than or lesser than the allowed tolerance.
You are the system administrator of dynamics AX 2009. A duplicate invoice from a journal was inadvertently entered for a vendor. In Micros oft Dynamics AX 2009, in order to delete the duplicate invoice, what should be done?
In Microsoft Dynamics AX 2009, open vendor transactions and use the reverse transaction button.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. The Controller decides to process vendor invoices through an approval journal. The Accounts Payable Administrator has been given instructions to update the information for the Vendor account, Account number, Amount, and the Approval person. In Microsoft Dynamics AX 2009, do you know where the Administrator must enter these details?
The Administrator must enter these details in Invoice register.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In Microsoft Dynamics AX 2009, do you know which module allows having a simulation for the exchange adjustment?
Accounts payable allows having a simulation for the exchange adjustment.
Accounts receivable allows having a simulation for the exchange adjustment.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. Do you know what the closing sheet in Microsoft Dynamics AX 2009 is used for?
The closing sheet is used to show an advanced view of the balances on accounts.
The closing sheet is used to make adjustments to the balance sheet before closing.
The Financial Controller decides to generate financial statements that report on each of the ledger accounts with cost center dimensions in different columns. How is this achieved in Microsoft Dynamics AX 2009?
Create two Dimension focuses for Ledger accounts and Cost center, and specify the Cost center as the Secondary focus in the financial statement.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In Microsoft Dynamics AX 2009, in posting the year end transactions using the Closing sheet, which period codes can be used to perform this? (choose more than one)
Normal can be used to perform this.
Closing can be used to perform this.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In Microsoft Dynamics AX 2009, in order to capture the cash receipts and disbursements for cash flow forecasting, what ledger accounts must be set up? (choose more than one)
Liquidity accounts must be set up.
Dependent ledger accounts must be set up.
Microsoft Dynamics AX 2009 allows creating m any companies and defining intercompany relationships. How many journals are posted when a transaction is posted through an intercompany accounting daily journal in Microsoft Dynamics AX 2009?
Two
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In your company, the Controller must manage the depreciation of their fixed assets. For the purpose of company accounting, the Reducing balance depreciation method is used. But different depreciation methods are used for the purpose of tax reporting, according to the tax authority. Without posting the ledger transactions to the ledger accounts in Microsoft Dynamics AX 2009, where must the Accountant post the fixed asset information for tax reporting purposes only?
The Accountant must post the fixed asset information in depreciation books.
The integration of the Fixed assets module with the Inventory management module is used for which type of asset transactions in Micros oft Dynamics AX 2009? Choose the 2 that apply.
Acquisitions
Asset assembly
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In Microsoft Dynamics AX 2009, What setup is involved for automatic processing of a Draw bill of exchange?
Select Draw bill of exchange and specify the journal name in the Methods of payment form.
You are the system administrator of dynamic s AX 2009. In Microsoft Dynamics AX 2009, Period allocation can be set in which of the following units in the Period Allocation Key form? (choose more than one)
Period allocation can be set in days.
Period allocation can be set in months.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. Your company shares the rent of the office with another company. Here we call your company as company A, and another company B. The total rent is 1400, among which, 600 has to be paid by company A, the rest should be paid by company B. The payment is made by company:
company A Rent account, company B Rent account must be specified.
Which calculation methods are available for defining the Payment Fee in Microsoft Dynamics AX 2009? Choose the 2 that apply.
Amount
Percent
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. The Controller plans to set up a bridging account for the vendor. In Microsoft Dynamics AX 2009, where is the posting setup for the bridging account made?
The posting setup for the bridging account is made in methods of payment.
The Accountant wants to specify a check number manually when generating a payment. What setup is required for the check number in the Check layout form in Microsoft Dynamics AX 2009?
Free
You are the system administrator of dynamics AX 2009. In Microsoft Dynamics AX 2009, In order to implement the intercompany financial feature, what must be set up in the companies to achieve this?
In order to achieve this, journal names must be set up.
In order to achieve this, posting relationships between companies must be set up.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. When a free text invoice is posted for the customer, a customer's balance does NOT increase. Do you know what may cause this problem?
This is because the selected terms of payment are set up to be cash payment, and the ledger account for settlement is filled in.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. In Microsoft Dynamics AX 2009, when a period of transactions is deleted in the period form, what happens to posted transactions?
In the period form, period lines disappear. In the period, all transactions remain the same.
You are the system administrator of dynamic s AX 2009. In Microsoft Dynamics AX 2009 from which form does the values, if defined, flow in the fields, Routing number, Days, Suffix, Drawer, Validate bank accounts, and Post account in the Bank accounts form?
From Bank group
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. There're several sales departments in your company. Now the Controller intends to view the sales revenue per department in a single report. How can this be achieved in Microsoft dynamics AX 2009?
Create a dimension focus considering the ledger account and department. For the sales revenue, generate an Account statement.
You are the system administrator of dynamics AX 2009. In Microsoft Dynamics AX 2009, what is the maximum number of slip copies that can be printed for checks?
The maximum number of slip copies is two.
You are the system administrator of dynamic s AX 2009. In Microsoft Dynamics AX 2009, do you know from where the return electronic file is imported from a bank concerning confirmation of vendor payment?
From payment transfer journal.
You are the system administrator of dynamics AX 2009. Your company uses Microsoft dynamics AX 2009. Your company plans to print a Trial balance sheet to look for inconsistencies and before closing the period, make any adjustments. In Microsoft Dynamics AX 2009, how to make these adjustments? (choose more than one)
In order to make these adjustments, the closing sheet should be used.
In order to make these adjustments, make typical adjustment entries as transfers through the Chart of Accounts.