Microsoft MB6-702 Online Practice Questions and Exam Preparation

Microsoft MB6-702 Online Questions & Answers

• Question 41:

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

  A. Asset type
  B. Fixed asset group
  C. Asset activity code
  D. Transaction type
  E. Value model
  B. Fixed asset group
  D. Transaction type
  E. Value model

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  Create or view the parameter combinations that determine which accounts the fixed asset transactions will be posted to if they are assigned the selected posting profile. The key parameters are as follows:

  *

  The value in the Groupings field, by which you can set up one posting profile for all fixed assets, one for each fixed asset group, or one for each or a particular fixed asset.

  *

  The fixed asset transaction type.

  *

  The value model used.

  Reference: Fixed asset posting profiles (form) [AX 2012]

• Question 42:

  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?

  A. 6
  B. 7
  C. 8
  D. 9
  A. 6

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  Aging period definitions that have more than six aging periods (columns) cannot be used on the printed report. Reference: Vendor aging report (VendAgingReport) [AX 2012]

• Question 43:

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

  A. To invoice a customer for miscellaneous charges
  B. To acquire a fixed asset
  C. To sell a fixed asset to a customer
  D. To sell an inventory item to a one-time customer
  E. To produce recurring service invoices for customers
  A. To invoice a customer for miscellaneous charges
  C. To sell a fixed asset to a customer
  E. To produce recurring service invoices for customers

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  A free text invoice is an invoice that is not attached to a sales order. A free text invoice contains a header and one or more lines for items or services that are not tracked in inventory. Use a free text invoice for sales that do not require a sales order, packing slip, and customer invoice. For example, you can use a free text invoice for a consulting fee or services fee, or for a miscellaneous fee for an event reimbursement.

  Reference: Key tasks: Free text invoices [AX 2012]

• Question 44:

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

  A. Budget register entry workflow
  B. Ledger fixed assets budget journal workflow
  C. Budget plan workflows
  D. Budget account entry workflow
  D. Budget account entry workflow

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  If the budget account entry lines require different workflow approvals, you must use a Budget account entry workflow to create different workflow configurations. For example, you might use one Budget account entry workflow configuration to review and approve a high amount, and another Budget account entry workflow configuration to review and approve a low amount.

  Reference: Set up Budgeting workflows [AX 2012]

• Question 45:

  Which statement about generating deposit slips is correct?

  A. You can generate one deposit slip per bank account for multiple journals.
  B. You can generate one deposit slip for multiple journals each day.
  C. You can generate one deposit slip per journal per bank account.
  D. You can generate separate deposit slips for each voucher depending on the number of vouchers in a journal.
  C. You can generate one deposit slip per journal per bank account.

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  Use deposit slips to deposit payments that were made in a journal into bank accounts. The transactions for which the Use a deposit slip check box is selected in the Journal voucher form are displayed on a separate deposit slip for each bank account.

  Reference: Create a deposit slip [AX 2012]

• Question 46:

  Two vendors contact you and request that you send all purchase confirmations to a specific email address.

  You need to configure Microsoft Dynamics AX to automatically send the email to the vendors.

  What should you do?

  A. Add the email address into the default print management settings in the Accounts payable module.
  B. Add the email address to the vendor's Contact form, and then select the primary contact person on the Vendor details form.
  C. Add the email address to the contact information section of the Vendor details form, and then mark it as the primary record.
  D. Add the email address to the print management settings for the vendor account.
  C. Add the email address to the contact information section of the Vendor details form, and then mark it as the primary record.

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  If you will be emailing the documents to a group of email addresses that have the same business purpose or worker title, you must set up the purposes or titles, first. For more information, see Address purpose (form). You set up purposes in the Address and contact information purpose form. Click Organization administration > Setup > Global address book > Address and contact information purpose. You assign purposes in the Customers or Vendors form, on the Contact information FastTab, in the Purpose field. You assign worker titles in the Worker form, in the Title field. Click Human resources > Setup > Workers > Titles.

  Reference: Set up print management for a customer or vendor [AX 2012]

• Question 47:

  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?

  A. The Checks form that is accessed from the Bank account form
  B. The Payment journal form that is accessed from the Journals area of the Accounts payable module
  C. The Checks form that is accessed from the Common area of the Cash and bank management module
  D. The Bank documents area that is accessed from the Setup area of the Cash and bank management module
  A. The Checks form that is accessed from the Bank account form

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  / Within the Bank accounts form:

  Check numbers

  Open the Check layout form, where you can set up the layout of checks for the selected bank account.

  / Check number method (from Check Layout form):

  Select the method to use for generating check numbers:

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  Free Use this method when you do not have preprinted checks. Check numbers are automatically proposed when you use checks for payment.

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  Fixed Use this method when you have preprinted checks. Before you can use checks for payment, they must be created by clicking Check numbers on the Action Pane in the Bank accounts form. Reference: Check layout (form) [AX 2012]; Bank accounts (form) [AX 2012]

• Question 48:

  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 cash credit limit, the payment is rejected and the organization is fined.

  You need to ensure that payments do NOT exceed the cash credit limit.

  Which two actions should you perform? Each correct answer presents part of the solution.

  A. On the Bank accounts form, enter the Credit limit value.
  B. On the Bank accounts form, set the Bank account status option to Inactive for all transactions.
  C. On the Bank accounts form, enter the Active from and Active to dates.
  D. On the Cash and bank management parameters form, set the Bank credit limit tolerance option to Error.
  A. On the Bank accounts form, enter the Credit limit value.
  D. On the Cash and bank management parameters form, set the Bank credit limit tolerance option to Error.

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  A: Field: Credit limit

  Enter the credit limit for the bank. You must enter a negative amount in this field. You are notified if the bank balance exceeds this limit when you post a payment journal.

  Reference: Bank accounts (form) [AX 2012]

  D: Field: Bank credit limit tolerance

  Select how to notify the user when a payment journal that is posted causes a balance to exceed the credit limit. Select from the following options:

  *

  None Do not consider the credit limit.

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  Warning Display a warning when the credit limit is exceeded, but continue the process.

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  Error Display an error when the credit limit is exceeded, and stop the process. Reference: Cash and bank management parameters (form) [AX 2012]

• Question 49:

  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 presents part of the solution.

  A. Set up a number sequence for purchasing.
  B. Set parameters to allow the asset acquisition from purchasing.
  C. Set fixed asset parameters to restrict the asset acquisition posting to a user group.
  D. Set fixed asset parameters to create the asset during product receipt or invoice posting.
  B. Set parameters to allow the asset acquisition from purchasing.
  D. Set fixed asset parameters to create the asset during product receipt or invoice posting.

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  B:

  * Field: Allow asset acquisition from Purchasing

  Select this check box to post a fixed asset acquisition transaction when a vendor invoice that includes a new or existing fixed asset is posted.

  D: Field: Check for fixed assets creation during line entry Select this check box to verify that a fixed asset is eligible based on existing fixed asset rules. If this option is selected, the fixed asset group is set on the purchase order line, according to the defined fixed asset rules, when the purchase order line is created.

  Reference: Fixed assets parameters (form) [AX 2012]

  Incorrect: Not C:

  * Field: Create asset during product receipt or invoice posting Select this check box to create a new fixed asset when you post a product receipt, or when you post a vendor invoice if the fixed asset was not created when you posted the product receipt.

  Note: If you clear this field, a fixed asset must exist in the Fixed assets form before you can reference the fixed asset number on the lines of a purchase order, product receipt, or vendor invoice.

• Question 50:

  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 profile should be debited?

  A. Settle account
  B. Summary account
  C. Write-off account
  D. Liabilities for discount account
  A. Settle account

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  In the Settle account field, select the cash account to post bill of exchange amounts to. This account is debited when a bill of exchange is settled.

  Incorrect:

  Not B: When you post the journal, the protest bill of exchange account is debited, and the bill of exchange summary account is credited.

  Note: If a customer does not accept a bill of exchange or does not pay it on time, you can use the Protest bill of exchange journal to change the status of the bill of exchange from Drawn to Protested. You can also include a reference to the

  drawn bill of exchange. If a customer protests a bill of exchange that has already been settled with an invoice, you can change the status of the bill of exchange from Honored to Protested. Reference: Set up bills of exchange [AX 2012];Protest a bill of exchange [AX 2012]