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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cash and Bank Management- Cash flow management
- Bank account setup and reconciliation
Topic 2: Accounts Receivable- Customer management and setup
- Invoicing and cash application
- Credit management and collections
Topic 3: General Ledger- Chart of accounts setup and management
- Journal processing and posting
- Financial period closing and reporting
Topic 4: Financial Reporting- Standard financial statements
- Custom report generation
Topic 5: Fixed Assets- Asset acquisition and capitalization
- Depreciation and disposal processes
Topic 6: System Setup and Configuration- Posting profiles and parameters
- Financial module configuration
Topic 7: Budgeting and Financial Control- Budget creation and maintenance
- Budget control and variance analysis
Topic 8: Accounts Payable- Aging and settlement processes
- Invoice processing and payments
- Vendor management and setup

Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You set up an asset in Microsoft Dynamics AX 2012. What is the initial status of the value model?

A) Closed
B) Open
C) Not yet acquired
D) Suspended


2. You need to enable sales tax calculation in Microsoft Dynamics AX 2012. Which of the following must you set up?

A) the sales tax code for the sales tax groups
B) the ledger posting group that is attached to the sales tax groups
C) the sales tax authorities that are attached to the vendor
D) the item sales tax group that is attached to the customer, vendor, and item


3. What is the first step in the process of creating a new financial statement in Microsoft Dynamics AX 2012?

A) Create the financial statement column definition.
B) Design the financial statement row structure.
C) Create a row definition.
D) Create a dimension set.


4. On which Microsoft Dynamics AX 2012 list page can you view cash flow forecasts?

A) All sales orders
B) All production orders
C) All customers
D) All purchase requisitions


5. In Microsoft Dynamics AX 2012, which of the following statements must be true in order to edit the calendar attached to a Depreciation book?

A) No journals or transactions with aclosedstatus exist for the Depreciation book.
B) No journals or transactions with a Suspended status exist for the Depreciation book.
C) No journals or transactions with an Open status exist for the Depreciation book.
D) No journals or transactions with any status exist for the Depreciation book.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: D

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