Pass Microsoft MB6-871 Exam · Pass Microsoft MB6-871 Exam Number : MB6-871 Passing Score : 700 Time Limit : 120 min File Version : 71.0 Pass Microsoft MB6-871 Exam

Pass Microsoft MB6-871 Exam

Number: MB6-871Passing Score: 700Time Limit: 120 minFile Version: 71.0

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Pass Microsoft MB6-871 Exam

Exam Name: Microsoft Dynamics AX 2012 Financials

Actualcerts

QUESTION 1You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012in their environment.

You are configuring the Balance control list for an account from the main accounts form. You have selectedthe Debit option.

Which of the following results from this configuration?

A. It prevents journal transactions for an account to produce a credit balance.B. It allows journal transactions for an account to produce a credit balance.C. It prevents journal transactions from posting zero balances.D. It allows journal transactions to post zero balances.

Correct Answer: ASection: (none)Explanation

Explanation/Reference:Explanation:


You are configuring overpayment, underpayment, and penny difference tolerances for cross- companypayment settlements.

You want to specify the use of the Penny difference in accounting currency account.

Which of the following is the form you should use?

A. Accounts for automatic transactions form.B. Main account form.C. General journal form.D. Accounts Payable form.



QUESTION 3You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft DynamicsAX 2012 in their environment.

An application user, named Mia Hamm, has been instructed to set up a journal that has the followingfeatures:

The journal should allow for the creation of journal templates that has a mandatory approval setting.

The journal should make use of the posting restriction option.

Which of the following actions should Mia Hamm take?

A. Mia Hamm should create an approval journal.B. Mia Hamm should create an absence journal.

C. Mia Hamm should create a payment journal.D. Mia Hamm should create an inventory journal.


Explanation/Reference:


You are working within a general journal. You want to create a new line in the general journal.

Which of the following is a combination of account types that are available to you?

A. Item, ledger, and project.B. Ledger, project, and vendor.C. Ledger, project and purchase order.D. Project, purchase order, and vendor.

Correct Answer: BSection: (none)Explanation



Mia Hamm is a new employee, who has been assigned to you for training. You are preparing toshow Mia Hamm how to create a journal entry line in the General Ledger.

Which of the following is TRUE with regards to creating the journal entry line in the General Ledger?(Choose all that apply.)

A. You must only have the Account, and the accounting date information to create the line.B. You must have the Account name, Dimension, and Offset account information to create the line.C. You must only have the Debit or Credit amount, and the Offset account information to create the line.D. You must only have the Dimension, and the Transaction text information to create the line.E. You must have the Offset account, Accounting date, Debit or Credit amount, and the Offset account

information to create the line.

Correct Answer: ESection: (none)Explanation



You are in the process of configuring Microsoft Dynamics AX 2012 to enable sales tax calculation.

You need to make sure that the tax calculation works properly.

Which of the following actions should you take?

A. You should create the sales tax codes and add it to the necessary sales tax groups.B. You should contact the tax authorities, and request the correct settings.C. You should select the Enable sales tax calculation check box in the General Ledger.D. You should select the Enable sales tax calculation check box in the sales tax groups.



QUESTION 7You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012in their environment.You are in the process of setting up sales tax codes for ABC.com's environment.Which of the following statements regarding sales tax codes are TRUE?


A. For sales tax to be calculated for the sales tax codes, the codes must be included in both the sales taxgroup and the item sales tax group.

B. For sales tax to be calculated for the sales tax codes, the codes must only be included in the sales tax group.

C. For sales tax to be calculated for the sales tax codes, the codes must only be included in the item salestax group.

D. For sales tax to be calculated for the sales tax codes, the codes do not have to be included in the salestax group or the item sales tax group.




You have been instructed to create various financial reason codes for ABC.com's Microsoft Dynamics AX2012 environment.

Which of the following statements regarding financial reason codes are TRUE? (Choose all that apply.)

A. You are able to make use of the financial reasons form in Organization administration to create reasoncodes for an array of financial modules.

B. You are unable to open a reasons form from a specific module to set up reason codes for only thatmodule.

C. Financial reason codes are user-defined field used to record the reason for a change or transaction.D. Financial reason codes are system-generated fields used to record the reason for a change or

transaction.

Correct Answer: ACSection: (none)Explanation



You have received an instruction to update records in bulk.


A. You should consider making use of the export utility.B. You should consider making use of the import utility.C. You should consider making use of the fill utility.D. You should consider copy and pasting the records.

Correct Answer: CSection: (none)Explanation



A user, named Andy Reid, is in the process of setting up the banking data for a specific vendor. Andy Reidhas been informed that the data should only be useable after a certain period of time.

Which of the following actions should Andy Reid take? (Choose all that apply.)

A. Andy Reid should consider setting the status of the vendor's bank account to Active for all transactionsand enter the required date into the Active from field.

B. Andy Reid should consider setting the status of the vendor's bank account to Inactive for newtransactions and enter the required date into the Active from field.

C. Andy Reid should consider setting the status of the vendor's bank account to Inactive for all transactionsand enter the required date into the Active from field.

D. Andy Reid should consider setting the status of the vendor's bank account to Active for all transactionsonly.




You are in the process of creating a payment method for a certain ABC.com vendor. You need to choosethe method by which invoices are summed in the automatic payment proposal period.

Which of the following describes the default value for this method?

A. TotalB. WeekC. DateD. Invoice

Correct Answer: DSection: (none)Explanation


QUESTION 12You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics

AX 2012 in their environment.

You have been tasked with managing payments that have a status of Sent, but have not been posted asyet.


A. You should make use of the Payment instruction form.B. You should make use of the Payment distribution form.C. You should make use of the Payment control form.D. You should make use of the Payment transfer form.




An application user, named Kara Lang, has received instructions to configure the use of charges matching.

Which of the following is TRUE with regards to charges matching?

A. Charges matching is controlled for the legal entity by the Match charges check box in the Accountspayable parameters form.

B. Charges matching always match price information by the unit price.C. Charges matching is performed only on charges codes for which the Compare purchase order and

invoice values check box is selected in the Charges code form.D. Charges matching is controlled for the legal entity by the Line matching policy field in the Accounts

payable parameters form.




Mia Hamm has been asked to configure a process in Accounts Payable that detects discrepancies bycomparing price information for the net unit price of each item on the invoice.

Which of the following actions should Mia Hamm take?

A. Mia Hamm should consider configuring the use of two-way net unit price matching.B. Mia Hamm should consider configuring the use of three-way invoice matching.C. Mia Hamm should consider configuring the use of two-way price totals matching and net unit price

matching.D. Mia Hamm should consider configuring the use of two-way price totals matching.




You are required to make sure that adequate budget resources are accessible for planned or actualpurchases.


A. You should consider configuring a budget group.B. You should consider making use of a budget dimension.C. You should consider making use of a Ledger dimension.D. You should consider implementing a budget control.




A new employee, named Mia Hamm, has enquired what the definition of encumbrance is within theMicrosoft Dynamics AX 2012 financial environment.

Which of the following describes your response?

A. You should inform Mia Hamm that it is a commitment made by management to reserve budget funds forexpense requests.

B. You should inform Mia Hamm that it is a commitment made by legal entities to reserve budget funds forexpense obligations.

C. You should inform Mia Hamm that it is a financial plan that control expenditures for planned activities.D. You should inform Mia Hamm that it is a cost or expense that is expended during an accounting period.




You have previously set up cash flow forecast for sales and purchases. You now need to view the results ofthe cash flow calculation for sales orders.

Which of the following is the path you should make use of?

A. Procurement and sourcing > Common > Sales orders > All sales orders.B. Sales and marketing > Common > Sales orders > All sales orders.C. General ledger > Common > Sales orders > All sales orders.D. Product information management > Common > Sales orders > All sales orders.




You have been tasked with configuring the main account to make the ledger transactions posted to theaccount accessible to the foreign currency revaluation method.


A. You should make sure that the Allocation, and Monetary check boxes are selected in the Main accounts- chart of accounts form.

B. You should make sure that the Foreign currency revaluation, and Monetary check boxes are selected inthe Main accounts - chart of accounts form.

C. You should make sure that the Monetary, and Does allocation term exist check boxes are selected inthe Main accounts - chart of accounts form.

D. You should make sure that the Foreign currency revaluation, and Suspended check boxes are selectedin the Main accounts - chart of accounts form.




You are preparing to post a bridging account in ABC.com's environment.

Which of the following options are TRUE with regards to this scenario?

A. Posting a payment to a temporary vendor account is essential.B. Posting a payment to a temporary customer account is essential.C. Posting a payment to a temporary sales account is essential.D. Posting a payment to a temporary main account is essential.




You are in the process of performing a consolidation for consolidated legal entity. You have been informedthat the previous consolidation data must not be used again.


A. You should manually delete the transactions in the Consolidation form.B. You should click the Remove transactions button in the Consolidation form.C. You should click the Remove transactions button in the general journal.D. You should manually delete the transactions from the database.




You are preparing to generate an elimination journal.

When can an elimination journal be generated? (Choose all that apply.)

A. During the consolidation process.B. During the installation process.C. By using an elimination journal proposal.D. By using the general journal.



QUESTION 22CORRECT TEXT

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012in their environment.

You are required to run a report that displays customer transactional data for a period.

Which of the following actions should take?

You should make use of the customer account statement.

You should make use of the customer account form.

You should make use of the customer account journal.

You should make use of the customer transaction journal.

A.B.C.D.

Correct Answer: Section: (none)Explanation



A new application user, named Kara Lang, has been asked to create a financial workflow. Kara Lang hasnever done this before, and is trying to gather as much data regarding the task as possible. Kara Lang isparticularly curious about what a workflow configuration is based on.


A. You should inform Kara Lang that it is based on a previously created workflow.B. You should inform Kara Lang that it is based on a workflow type.C. You should inform Kara Lang that it is based on a workflow style.D. You should inform Kara Lang that it is based on the system's installation method.




You are in the process of closing the fiscal year end. You are currently making adjustments in the Closingsheet.

You want to select an adequate posting layer.

Which of the following options are available to choose from? (Choose all that apply.)

A. TaxB. PreviousC. CurrentD. Operations minus taxE. OperationsF. Operations plus tax

Correct Answer: ACESection: (none)Explanation



You have been instructed to analyze the following:

·General Ledger transactions.

·Customer balances.

·Budget transactions.


A. You should consider making use of a Financial statement.B. You should consider making use of a Dimension statement.C. You should consider making use of a Privacy statement.D. You should consider making use of a Project statement.




You have received instructions to design a financial statement for ABC.com. you have created a financialdimension set, and a row definition.

Which of the following is the step that you should take NEXT?

A. You should print the report next.B. You should design the financial statement row structure next.C. You should create the financial statement column definition next.D. You should set up the file formats for the export of financial statements next.




You are in the process of designing a financial statement for ABC.com.

Which of the following options are TRUE with regards to financial statements? (Choose two.)

A. You are able to view discrepancies at the bottom of a printed financial statement by creating anexception row type in the row definition.

B. You are able to view discrepancies at the bottom of a printed financial statement by creating a

dimension set section in the row definition.C. You are able to design a financial statement by only using ledger accounts.D. You are unable to export financial statements to Microsoft Excel.




You have been asked to analyze the value models linked to a particular fixed asset.


A. You should navigate to the Fixed asset journal.B. You should navigate to the Fixed asset group form.C. You should navigate to General.D. You should access the Fixed asset workflow.




You are in the process of setting up a general journal in the General ledger. You now need to specify thejournal type.


A. You should consider specifying the Daily journal type.B. You should consider specifying the Periodic journal type.C. You should consider specifying the Weekly journal type.D. You should consider specifying the Monthly journal type.




Mia Hamm is in the process of setting up a fixed asset group.

Which two of the following are TRUE with regards to fixed asset groups? (Choose two.)

A. Fixed asset groups must be created from inventory items.

B. Fixed asset groups enable the setup of fixed assets to be simpler.C. The capitalization threshold can be set up in Fixed asset groups for all fixed assets, whether they were

created from Accounts payable or not.D. Fixed asset groups assist with the organization of data for reporting and decision-making in relation to

assets.

Correct Answer: BDSection: (none)Explanation



A user, named Kara Lang, is preparing to set up a value model for a fixed asset.

Which of the following actions should Kara Lang take? (Choose all that apply.)

A. Kara Lang should set up depreciation profiles to assign to the value model prior to setting up the valuemodel.

B. Kara Lang should set up depreciation profiles to assign to the value model subsequent to setting up thevalue model.

C. Kara Lang should set up a fiscal calendar to assign to the value model prior to setting up the valuemodel.

D. Kara Lang should set up a fiscal calendar to assign to the value model subsequent to setting up thevalue model.




A ABC.com user, named Mia Hamm, is preparing to post a product receipt. The product being receivedmust be received as a fixed asset. Mia Hamm wants to automatically create the fixed asset during theposting process in Accounts Payable.

Which of the following actions should she take?

A. Mia Hamm should wait for the posting of the vendor invoice to create the fixed asset to prevent twofixed assets being created in the system.

B. Mia Hamm should manually create the fixed asset, prior to posting the product receipt.C. Mia Hamm should make sure that the line containing the product has the Allow asset acquisition from

Purchasing check box selected.D. Mia Hamm should make sure that the line containing the product has the Create a new fixed asset

check box selected.




A ABC.com user, named Kara Lang, is preparing to post an invoice that contains a fixed asset number for aABC.com vendor.

Which of the following is TRUE for this scenario? (Choose all that apply.)

A. If the Allow asset acquisition from Purchasing check box is chosen in the Fixed assets parameters form,the acquisition is posted automatically.

B. The acquisition is posted automatically whether the Allow asset acquisition from Purchasing check boxis chosen or not.

C. You are able to manually enter an acquisition transaction in Fixed assets If an acquisition cannot beposted

D. An acquisition proposal cannot be used to create multiple acquisition transactions simultaneously in theFixed assets journal.




You have been instructed to set up the system with the default method for integrating Fixed assets andAccounts payable.

Which of the following describes the default method?

A. During manual creation of a fixed asset prior to adding the fixed asset number to the line on thepurchase order or vendor invoice, an acquisition transaction should automatically be posted for theasset when you post the vendor invoice.

B. During manual creation of a fixed asset prior to adding the fixed asset number to the line on thepurchase order or vendor invoice, an acquisition transaction should not be posted for the asset whenyou post the vendor invoice.

C. When you post a product receipt or vendor invoice that has the Create a new fixed asset check boxselected, a fixed asset automatically is created and an acquisition transaction should automatically beposted for the asset when you post the vendor invoice.

D. When you post a product receipt or vendor invoice that has the Create a new fixed asset check boxselected, a fixed asset automatically is created and an acquisition transaction should not be posted forthe asset when you post the vendor invoice.




You are required to make an adjustment to the acquisition price of an asset. The adjustment should reflectan increase to the value of the asset.


A. You should consider making use of Revaluation.B. You should consider making use of Write-down adjustment.C. You should consider making use of Provision for bad debts.D. You should consider making use of Write-up adjustment.




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Pass Microsoft MB6-871 Exam · Pass Microsoft MB6-871 Exam Number : MB6-871 Passing Score : 700 Time Limit : 120 min File Version : 71.0 Pass Microsoft MB6-871 Exam