MB6-702 Exam Questions

You are the Microsoft Dynamics AX administrator for an organization. The organization has a maximum cash credit limit of $20,000. If a payment is issued for more than the stated ca...

Your company uses two-way matching to create vendor invoices. Which elements are used in the two-way matching process?

You need to revaluetheforeign currency transactions in the Accounts payable subledger. Which two statements describe what the foreign currency revaluation job accomplishes? Each co...

You need to set up the posting profile for realized and unrealized gains and losses. Which two forms should you use? Each correct answer presents a complete solution.

You select Business unit and Department as the only financial dimensions to use with budget control. You need to prevent a budget overrun on all direct expense accounts. What shoul...

Your company plans to implement vendor invoice matching. Your company policy states that vendor invoices must be reviewed to compare the prices and quantities on the invoices for a...

You need to configure a workflow to approve all budget amounts at the line level. Which workflow configuration type should you use?

Which three objects can be used to define fixed asset posting profiles? Each correct answer presents part of the solution.

You apply a customer payment. The payment amount is less than the amount of the invoice. What are two results of this payment? Each correct answer presents part of the solution.

You are configuring Microsoft Dynamics AX for basic budgeting. Which two setups are optional? Each correct answer represents a complete solution.

An organization has a policy of charging depreciation based on the usage of the fixed asset in a fiscal year. You need to configure depreciation according to this policy. Which dep...

You receive approval for a new capital expenditure. You need to enter the budgeted amounts in Microsoft Dynamics AX. In which two areas can you enter the amounts? Each correct answ...

You create a new bank account. You configure the check layout to be fixed. You need to create the first batch of checks. Where should you create the checks?

What does a depreciation convention determine?

In which two scenarios should you use a periodic journal? Each correct answer presents a complete solution.

Which statement about generating deposit slips is correct?

Which two elements are required to create a budget plan in Microsoft Dynamics AX 2012? Each correct answer presents part of the solution.

Which three settings can be defined when configuring budget control? Each correct answer presents a complete solution.

You are entering a customer sales order that has two lines: one line for item A and one line for item B. The following statements are necessary to calculate sales tax for the sales...

The Multiple change functionality can be used to make changes to which of the following fields in the payment proposal when making vendor or customer payments? Choose the 2 that ap...

Which option must be selected for the Period in the Methods of payment form to combine all invoices for customers with the same payment?

What functionality is used to enter and reuse specific transaction identification when a record is updated in journals?

You need to pay all open invoices that have a due date on or before July 10. You want to take advantage of any available discounts. Which two settings must you select when creating...

You need to update the organization hierarchy to prepare for a reorganization of your business. Which effective date is valid when you publish the updated hierarchy?

Your organization has a policy of validating the accuracy of beneficiary account details such as routing numbers and account numbers. Which functionality in Microsoft Dynamics AX 2...

To which object can you link a budget register entry workflow?

Which step must be taken before you can record an acquisition of a fixed asset on the General journal form?

You are using a voucher template to create a journal voucher. The template type is Percent. The template has four lines with the following amounts: - First line: $100 - Second line...

What are three account types that you can choose in a General ledger journal voucher? Each correct answer presents a complete solution.

You are implementing Microsoft Dynamics AX 2012 for an organization that has multiple regions of operation. The organization has a policy that states that centralized payments shou...

You need to create vendor accounts by using Microsoft Dynamics AX. Which field is mandatory for creating a vendor account?

What is the purpose of a budget planning stage?

You need to generate a vendor prepayment in a payment journal. Which two processes should you complete before posting a prepayment? Each correct answer presents part of the solutio...

To which two entities can you lend a fixed asset? Each correct answer presents a complete solution.

You have enabled the Bill of exchange feature in Microsoft Dynamics AX. You post a protest bill of exchange to a customer account. Which account type on the customer posting profil...

Which three methods can you use to assign bar codes to fixed assets? Each correct answer presents a complete solution.

Which three transaction types can you use to dispose of an asset? Each correct answer presents a complete solution.

You need to configure how fixed assets will be numbered. Which two techniques accomplish this goal? Each correct answer presents a

Which two transactions can be reversed? Each correct answer presents a complete solution.

You set up and activate a new budget planning process. You generate the original budget plan from the general ledger data. The department managers need to enter their requested amo...

In which two situations can you print a pro forma invoice? Each correct answer presents a complete solution.

You are setting up cash flow management in your organization by using Microsoft Dynamics AX 2012. A delay of five days is expected from the due date of the payments to the date on...

What is the purpose of collections cases?

You have an invoice for $10,000. One payment of $3,000 has already posted against this invoice. You need to allow cashdiscounts on the $3,000 payment. Which action should you perfo...

In which three scenarios can you use a free text invoice? Each correct answer presents a complete solution.

You need to update the depreciation periods for a specific fixed asset. Where can you update the depreciation periods?

Which type of transactions require a bank transaction type to be set up on the Cash and bank management parameters form?

Each department manager at your company is responsible for managing his or her own department's budgets. The budget manager decides that some departments must use a different budge...

In Microsoft Dynamics AX 2012, which of the following account types can you choose in a general journal line? (Choose all that apply.)

In Microsoft Dynamics AX 2012, which of the following types of information are required to create a journal entry line in the General Ledger? (Choose all that apply.)