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Microsoft MB6-871 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Manage Financials II33%- Multicurrency and Intercompany Accounting
- Advanced Payment and Settlement
- Budgeting and Cash Flow Management
  • 1. Commitment accounting
    • 2. Cash flow forecasting
      • 3. Budget setup and control
        - Year-end Close and Financial Reporting
        • 1. Closing procedures
          • 2. Financial statement generation
            - Financial Consolidations
            Topic 2: Manage Fixed Assets31%- Fixed Asset Reporting
            - Depreciation and Adjustment Transactions
            - Asset Acquisition and Disposal
            - Fixed Assets Setup
            • 1. Asset groups and parameters
              • 2. Depreciation books and profiles
                Topic 3: Manage Financials I36%- Accounts Payable
                • 1. Vendor setup
                  • 2. Invoice and payment processing
                    - Sales tax configuration and management
                    - Accounts Receivable
                    • 1. Customer setup
                      • 2. Sales order and collection processing
                        - Cash and Bank Management
                        • 1. Bank accounts setup
                          • 2. Reconciliation processes
                            - Set up and manage General Ledger
                            • 1. Journal setup and processing
                              • 2. Chart of accounts configuration
                                • 3. Daily General Ledger procedures

                                  Microsoft Dynamics AX 2012 Financials Sample Questions:

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

                                  • A. All customers
                                  • B. All sales orders
                                  • C. All purchase requisitions
                                  • D. All production orders
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Your company plans to charge interest on customer overdue payments. You set up the required interest codes in Microsoft Dynamics AX 2012. What is the next step?

                                  • A. Apply the interest codes to the customer master.
                                  • B. Apply the interest codes to customer parameters.
                                  • C. Apply the interest codes to customer groups.
                                  • D. Apply the interest codes to customer posting profiles.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  In Microsoft Dynamics AX 2012, what is two-way invoice matching?

                                  • A. Matching the price information on the intercompany sales order to the price information on the intercompany purchase order.
                                  • B. Matching the quantity information on the invoice to the quantity information on selected product receipts.
                                  • C. Matching the quantity information on the invoice to the quantity information on the purchase order.
                                  • D. Matching the price information on the invoice to the price information on the purchase order.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  In Microsoft Dynamics AX 2012, which additional user interface element exists when a workflow approval is set up for a journal?

                                  • A. A Justify button in the action pane.
                                  • B. A yellow information bar.
                                  • C. A Validate button in the action pane.
                                  • D. A green arrow to start the workflow.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  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 posting accounts in both companies.
                                  • C. Set up the intercompany posting accounts in only one company.
                                  • D. Set up the intercompany journal name in only one company.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B  🗳️

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