MB6-702 Exam Questions

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

An asset reaches the end of its usable life. You need to generate a document and record the sale of this asset. What should you create?

You need to ensure that you have the most current data to manage customer collections. What should you create first?

You need to create a fixed asset that records depreciation quarterly. Which form should you use to configure the period frequency for posting depreciation?

What is the purpose of budget control?

Which three statements about value models are correct? Each correct answer presents a complete solution.

Your organization is using the Budgeting module to develop a budget plan. The budget plan needs to go through various phases before it is approved. Where do you define these phases...

You are the administrator for a multinational corporation (MNC). The corporation uses multiplechart of accounts and their corresponding financial dimension sets to meet the require...

You need to set up the aging period definitions for the Vendor aging report. What is the maximum number of aging periods that you can define?

The encumbrance process is enabled in your Microsoft Dynamics AX environment. A buyer for your organization creates a purchase order for a $10,000 contract with a lawyer who is pro...

In which three scenarios should you use a bridging account? Each correct answer presents a complete solution.

Which two forms can be used to assign a default item sales tax group? Each correct answer presents a complete solution.

You need to set up preprinted checks in the Cash and bank management module. Which two settings should you define? Each correct answer presents part of the solution.

You are implementing Microsoft Dynamics AX 2012. You need to set up invoices for payment so they are summed up for the payment proposal period. Which period option should you choos...

You are implementing fixed assets for your company. The company requires the following business process for creating assets: 1. A worker completes a capital expenditure form and su...

You are configuring budgets for your organization. Your organization uses a scientifically calculated, predefined percentage of direct expenses for each of its departments. You nee...

You need to record fixed asset transactions by using journals. What should you configure before you can begin the recording process?

You need to add general journal voucher lines. Which three selections are valid account types? Each correct answer presents a complete solution.

Which entity is used to define sales tax percentages or amounts?

When you post an invoice, you receive an error message. Which two actions does the system apply to the invoice? Each correct answer presents a complete solution.

Your company uses a fiscal calendar that has the following pattern: - First fiscal period is four weeks long. - Second fiscal period is four weeks long. - Third fiscal period is fi...

You need to configure fixed assets so that information such as asset purchase, depreciation, revaluation, adjustment, and sale or disposal is tracked over the lifetime of the asset...

Your organization uses Microsoft Dynamics AX. You need to set up journal names for the General journal. Which journal type should you specify?

You are configuring a budget plan to automatically spread. Which allocation method should you use?

You enable invoice matching validation by using Microsoft Dynamics AX. Your organization has a policy that requires you to monitor freight cost variances by matching the purchase o...

You are setting up the cash flow forecast in Microsoft Dynamics AX for your organization. The organization has accounts that are identified as cash or cash equivalents. You need to...

You need to ensure that when a check is paid to your vendors, only one check is generated for each vendor. What should you configure?

You are performing a bank account reconciliation. On the account statement, you notice bank charges and bank interest. These charges and interest are unrecorded. You want to record...

A vendor contacts you about an unpaid invoice. You verify that a check was printed and mailed one month ago. The vendor did not receive the check. You need to reissue a check to th...

You are processing a vendor payment. You attempt to print a check from Microsoft Dynamics AX 2012. Due to printer issues, the check is damaged and the journal is not yet posted. Yo...

What is the difference in the setup of periodic journals and voucher templates?

What is the purpose of an account structure?

You need to acquire a fixed asset by using a purchase order. Which two actions must be completed on the Fixed assets parameters form to achieve this goal? Each correct answer prese...

In which three modules is currency rounding configuration an option? Each correct answer presents a complete solution.

Where do you define the Main account information for bank and cash subledger journal account transactions?

The accounts receivable manager runs a foreign currency revaluation on February 5. The foreign currency revaluation has a considered date of January 31. The period closing for this...

You need to create a budget register entry that will spread the amount you enter into the line across multiple business units based on the revenue from the previous quarter. What s...

Which form should you use to assign a chart of accounts to a legal entity?

You are setting up cash flow forecasting in Microsoft Dynamics AX 2012. You need to ensure that the budget entries are shown in the cash flow. Which action should you perform?

What are three operating units that can be used as a financial dimension? Each correct answer presents a complete solution.

Which two options prevent new checks from posting to a bank account? Each correct answer presents a complete solution.

Which two documents can you use to set up fixed asset acquisitions? Each correct answer presents a complete solution.

In which three modules can a fixed asset be acquired? Each correct answer presents a complete solution.

Which of the following modules allows having a simulation for the exchange adjustment in Microsoft Dynamics AX 2012? Choose the 2 that apply.

The Accountant was instructed to update an additional acquisition to an existing asset in Microsoft Dynamics AX 2012. Contuse does not use the General ledger parameter option that...

What must be the status of the check in the Checks form to reverse it through payment reversals in Microsoft Dynamics AX 2012?

The Accountant wants to specify a check number manually when generating a payment. What setup is required for the check number in the Check layout form in Microsoft Dynamics AX 201...

The Controller wants to restrict posting customer transactions that exceed the credit limit amount, with respect to the customer balance. What must be selected to achieve this in M...

How is the exchange rate for the default currency set up to specify the equivalent of 100 units of the foreign currency?

What is the purpose of a budget model?