Microsoft MB6-885 Online Practice Questions and Exam Preparation

Microsoft MB6-885 Online Questions & Answers

• Question 11:

  Which of the following functions can you perform in Microsoft Dynamics AX 2012 Public Sector?

  A. Allocate vendor payments to multiple bank accounts based on fixed amounts
  B. Create purchase orders that override the typical purchasing process
  C. Create year-end closing entries by purchase order number
  D. Assign DUNS and DUNS+4 numbers to vendor contacts
  B. Create purchase orders that override the typical purchasing process

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  Confirming PO codes (form) (Public sector) [AX 2012]

  Use this form to create codes and special messages for confirming purchase orders. A confirming purchase order circumvents the typical purchasing process.

  Ref: http://msdn.microsoft.com/en-us/subscriptions/hh208558.aspx

• Question 12:

  You need to minimize the time required to process charges that are repeatedly billed and uniquely associated to a department, and maximize the accuracy of the charges. What should you set up?

  A. billing classifications
  B. trading partner codes
  C. billing identifications
  D. billing codes
  D. billing codes

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  Set up billing codes (Public sector) [AX 2012]

  A billing code is a set of default values that are applied automatically to free text invoice lines where the billing code is selected. The departments in your organization can use billing codes for a defined type of service or charge. For example,

  a waste management department might bill certain customers for new containers. You can use the Billing codes form to specify the default values for billing charges that your organization uses regularly.

  Incorrect:

  not A: . A billing classification is an Accounts receivable group that is processed and viewed separately or with other groups of receivables.

• Question 13:

  You enable encumbrance processing for purchase orders in Microsoft Dynamics AX 2012.

  You need to ensure that all encumbrances are reversed and reestablished in the new fiscal year.

  What should you do?

  A. Keep purchase orders open and transfer encumbrances.
  B. Close purchase orders and transfer encumbrances.
  C. Process purchase orders with carry-forward amounts.
  D. Process purchase orders without carry-forward amounts.
  C. Process purchase orders with carry-forward amounts.

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  Process purchase orders at year end [AX 2012]

  Process and carry forward budget Closing steps:

  1.

  The remaining encumbrances in the general ledger and outstanding budget reservations for en- cumbrances are reversed.

  2.

  Year-end closing entries are generated in the general ledger.

  3.

  Budget adjustments are created to reduce the budget in the fiscal year that is being closed. Opening steps:

  1.

  Closing entries are reversed.

  2.

  Encumbrances are re-established in the general ledger.

  3.

  Budget reservations for encumbrances are created for the purchase orders that are being pro- cessed.

  4.

  Budget adjustments are created in the new fiscal year to re-establish the budget register entries that were carried forward from the previous fiscal year. Ref: http://technet.microsoft.com/en-us/library/hh209300.aspx

• Question 14:

  You need to enable public sector features and functionalities in Microsoft Dynamics AX 2012.

  What should you do?

  A. In the License information form, import the license code for the public sector feature set.
  B. In the License information form, enter the license code for the public sector feature set.
  C. In the License configuration form, enable and disable the appropriate public sector configuration keys.
  D. In the License information form, enable and disable the appropriate public sector configuration keys.
  B. In the License information form, enter the license code for the public sector feature set.

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  *

  Public sector license code (PublicSector) [AX 2012] The Public sector license code enables access to the Public sector features that supplement core modules such as Accounts payable, Accounts receivable, General ledger, and

  Budgeting.

  *

  License information (form) [AX 2012]

  Use this form to enter license codes and to view the name of the license holder, the serial number for the system, and the expiration date for the system. If you are using Microsoft Dynamics AX 2012 R3 or AX 2012 R2, you can also use this

  form to enable and disable license codes.

• Question 15:

  Which Role Center in Microsoft Dynamics AX 2012 provides access to key tasks, activities, and data related to daily business operations?

  A. Accounting Manager Role Center
  B. Accountant Role Center
  C. Controller Role Center
  D. Finance Director Role Center
  C. Controller Role Center

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  Finance Role Centers for Microsoft Dynamics AX Controller This Role Center provides access to key tasks, activities, and business data that are related to day-to-day business operations. Common tasks for this role might include overseeing the daily details of running the business, reporting monthly summaries, researching specific aspects of the organization to provide the necessary financial data for strategic decision-making, and ensuring the accuracy of and assessing the daily financial health of the organization.

• Question 16:

  You plan to print a signature page with the Payment Approval report in Microsoft Dynamics AX 2012. What must you do first?

  A. Verify the number of checks that need to be printed.
  B. Supply the title of the signatory.
  C. Create a cover page.
  D. Create an electronic signature.
  C. Create a cover page.

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  Create a signature page for payment reports (Public sector) [AX 2012] Follow these steps to create and print a signature page for payment reports. Create the layout for the signature page

  1.

  Click Accounts payable > Setup > Reports > Cover page for payments report.

  2.

  In the Number of signature lines field, select the number of signature lines to include on the signature page.

  3.

  Select the other options that you want to include on the signature page, such as date lines for the signatures or the company name and logo.

  4.

  In the lower pane, enter the name and title of each signatory. The names and titles of the signato- ries are printed on the signature page in the order that they are entered in the form. To include a name or title from the signature page, select the corresponding Print name or Print title check box.

  5.

  When you are finished changing the layout of signature page, click Print test to print a test copy of the page. Ref: http://technet.microsoft.com/en-us/library/hh208511.aspx

• Question 17:

  You need to ensure that an account balance is carried forward to the next fiscal year when performing the fiscal year close process in Microsoft Dynamics AX 2012.

  Which Close type option should you select for the account in the Main accounts general ledger?

  A. Asset
  B. Revenue
  C. Expense
  D. Nominal
  A. Asset

• Question 18:

  You need to configure budget control to issue a notification when the amount of budget funds spent reaches 90% of the expenses. In Microsoft Dynamics AX 2012, which option should you set to trigger the notification?

  A. budget control interval
  B. budget threshold
  C. budget dimensions
  D. budget cycle time span
  B. budget threshold

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  Set up budget control [AX 2012]

  In the Budget threshold field, enter the percentage of the budget that can be spent.

  URL: http://technet.microsoft.com/en-us/library/hh242453.aspx

• Question 19:

  You need to track the payment of a vendor invoice as a 1099-G payment. Which of the following statements are true?

  A. The 1099 box code associated with the vendor must be specified.
  B. The vendor must be defined to report 1099 information.
  C. The State or province code associated with the vendor must be specified in the 1099 fields section.
  D. The 1099 box code associated with the vendor must be a 1099-G code.
  B. The vendor must be defined to report 1099 information.

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  (USA) Set up vendors for 1099 reporting [AX 2012]

  Before you post vendor transactions, set up 1099 information for each vendor who receives a 1099 statement.

  1.

  Click Accounts payable > Common > Vendors > All vendors.

  or

  Click Procurement and sourcing > Common > Vendors > All vendors.

  2.

  Double-click a vendor account, and then click the Tax 1099 FastTab.

  3.

  Select the Report 1099 check box to include transaction and 1099 information for the vendor on the 1099 report. If this check box is not selected, 1099 information for the vendor is not included on the 1099 report, and the electronic or

  magnetic files do not include amounts for the vendor.

  Etc.

  Ref: http://technet.microsoft.com/en-us/library/aa551492.aspx

• Question 20:

  You need to reduce the time required to calculate interest and generate collection letters by processing these transactions in groups. Which parameter should you specify when processing these transactions?

  A. Billing classification
  B. Due date
  C. Posting profile
  D. Collection letter name
  C. Posting profile

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  Calculate interest and create interest notes [AX 2012]

  Use this procedure to calculate interest using the Interest calculation form, and then create interest notes using the Interest note form.

  1.Click Accounts receivable > Periodic > Collections > Interest calculation. 2.Select the types of transactions to calculate interest for and the transaction dates to include.

  3. In the Use posting profile from field.. etc.

  Ref: http://technet.microsoft.com/en-us/library/gg243052.aspx