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MB6-871 - Microsoft Dynamics AX 2012 Financials
In Microsoft Dynamics AX 2012, which of the following statements about encumbrance accounting (also known as commitment accounting) are true? (Choose all that apply.)
To use encumbrance accounting, posting definitions are required.
Closing purchase order encumbrances is part of the fiscal year closing process.
When the pre-encumbrance process is enabled, the encumbrance process is required.
To use encumbrance accounting with budget appropriation enabled, budget control is required.
A sales order is a typical encumbrance transaction for which there has been an expenditure of funds.
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