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Microsoft MB6-871 Exam Syllabus Topics:

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

                                  Microsoft Dynamics AX 2012 Financials Sample Questions:

                                  In Microsoft Dynamics AX 2012, what is budget control functionality?

                                  • A. incremental budgeting
                                  • B. a method of ensuring that sufficient budget funds are available for planned or actual purchases
                                  • C. zero-based budgeting
                                  • D. a process in the Workflow Management module
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  In Microsoft Dynamics AX 2012, which of the following statements about a chart of accounts is true?

                                  • A. A chart of accounts can be used for no more than one legal entity.
                                  • B. A chart of accounts can be used for multiple legal entities within an organization.
                                  • C. A separate chart of accounts can be used for each division of a legal entity.
                                  • D. A chart of accounts can be used for only one division of a legal entity.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  In Microsoft Dynamics AX 2012, with which journal types can you use a voucher template? (Choose all that apply.)

                                  • A. Accounts Payable payment journal
                                  • B. General Ledger general journal
                                  • C. Accounts Receivable invoice journal
                                  • D. Accounts Receivable payment journal
                                  • E. Accounts Payable invoice journal
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,E  🗳️

                                  In Microsoft Dynamics AX 2012, what is the purpose of an invoice register journal?

                                  • A. To enter and then post invoices when they arrive.
                                  • B. To pre-register invoices when they arrive and then transfer them to an invoice pool for approval.
                                  • C. To use as a voucher template.
                                  • D. To display information about invoices that are pending approval.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  You need to set up Foreign Currency Consolidation in Microsoft Dynamics AX 2012 to automatically post differences that result from consolidating subsidiaries with foreign currencies. What should you set up in the General Ledger?

                                  • A. rounding rules in the Currencies form
                                  • B. an account for automatic Penny difference in accounting currency transactions
                                  • C. an account for automatic Penny difference in reporting currency transactions
                                  • D. an account for automatic Balance account for consolidation differences transactions
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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