Microsoft MB6-885 Online Practice Questions and Exam Preparation

Microsoft MB6-885 Online Questions & Answers

• Question 31:

  You plan to create a project budget in Microsoft Dynamics AX 2012. The project budget will be based on the budget for costs and revenue of a subproject. Which of the following properties can you use to associate the subproject? (Each correct answer presents a complete solution. Choose two.)

  A. Project budget ID
  B. Transaction type for cost and revenue
  C. Budget source
  D. Project for cost and revenue
  A. Project budget ID
  C. Budget source

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  Project budget (form) [AX 2012]

  Use this form to enter and revise budget amounts for a project and any related subprojects in Microsoft Dynamics AX.

  Project budget ID: The project budget identifier that was generated by the system. Budget source: Select the source of the original budget amounts for the project.

  Ref: http://technet.microsoft.com/EN-US/library/hh227438

• Question 32:

  Which of the following methods of creating account numbers in the chart of accounts requires the least amount of administrative effort?

  A. Have the system generate the chart of accounts based on a tree.
  B. Import the chart of accounts from another company.
  C. Import the chart of accounts demonstration data from the installation CD.
  D. Manually create the chart of accounts.
  A. Have the system generate the chart of accounts based on a tree.

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  (CHN) Set up the hierarchy structure for the main account [AX 2012]

  Companies in China create and maintain a chart of accounts in a hierarchical tree structure by setting up multiple levels for ledger accounts. You can create account numbers by using a format that indicates the number of levels in the ledger

  account. For example, to split a ledger account into two levels, you can use the account number format xxxx-yy. Here, the first four characters denote the first level, such as a cash account, and the last two characters denote the second level,

  such as a cash account in a different currency.

  Ref: https://technet.microsoft.com/en-us/library/jj664147.aspx

• Question 33:

  You need to set up a fiscal year that is 12 months in length in the Microsoft Dynamics AX 2012 general ledger.

  On the Enter fiscal year details screen of the Fiscal calendars form, how should you configure the period length and unit?

  A. Set the period length to 12 and the unit to Year.
  B. Set the period length to 1 and the unit to Month.
  C. Set the period length to 365 and the unit to Days.
  D. Set the period length to 12 and the unit to Month.
  B. Set the period length to 1 and the unit to Month.

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  Key tasks: Fiscal calendars, fiscal years, and periods [AX 2012]

  Enter the length of the period and select the unit for the periods in the new fiscal year. For example, you enter a period length of 1 and you select Months in the Unit field. The fiscal year will include 12 periods, each being one month long. A period length of 2 and a unit of Months will create a fiscal year that has six two-month periods.

  Ref: http://technet.microsoft.com/enus/library/hh242146.aspx#Create_a_fiscal_calendar_and_fiscal_year

• Question 34:

  Which of the following statements is true when you define the characteristics of a posting definition for a fund?

  A. Generated entries are always created the same as originating entries.
  B. Originating entries are based on the fund's identification number.
  C. Originating entries are based on the nominal accounts set up for the fund.
  D. Generated entries are created as unbalanced entries.
  C. Originating entries are based on the nominal accounts set up for the fund.

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  Transaction posting definitions (form) [AX 2012]

  Field: Fund class, General ledger Select the fund class to associate with the posting definition. To include all funds and non-funds, select All. Non-funds do not have a fund dimension in the account structure. The fund class determines how accounts are treated when the fiscal year is closed or opened.

• Question 35:

  You are creating category hierarchies in Microsoft Dynamics AX 2012.

  To which types of category hierarchies can you assign project categories? (Each correct answer presents a complete solution. Choose two.)

  A. Industry Code
  B. Retail
  C. Sales
  D. Procurement
  C. Sales
  D. Procurement

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  Procurement categories (form) [AX 2012]

  Tab: Assign project categories

  Assign a project category as the default project category for the selected procurement category. The Assign project categories FastTab is available only for procurement and sales category hierarchy types. For more information about

  category hierarchy types, see Category hierarchy types (form).

• Question 36:

  In Microsoft Dynamics AX 2012, you set up special text messages for unplanned purchases. Where do the special text messages appear?

  A. On printed purchase requisitions
  B. On printed requests for quotations
  C. On printed purchase orders
  D. On printed purchase agreements
  C. On printed purchase orders

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

  If you assign a confirming PO code to a purchase order, the message that is associated with the confirming PO code will be printed at the top of the purchase order.

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

• Question 37:

  You need to display customer transactions that have updated the general ledger Accounts Receivable account.

  Which report should you generate?

  A. Customer transactions report
  B. Open transactions report
  C. History by transaction report
  D. Internal account statement report
  B. Open transactions report

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  Open transactions report (CustTransOpenPerDate) [AX 2012]

  Navigation to the report: Click Accounts receivable > Reports > Transactions > Customer > Open transactions.

  Use this report to provide detailed information about the open transactions for each customer as of the date entered in the Open transactions per field. For each transaction, the report includes the date of the transaction, voucher number, amount in the transaction currency, balance in the transaction currency, subtotal amount in the accounting currency, due date, and collection letter code.

• Question 38:

  For what purpose does a project budget control the authorization of budget funds?

  A. The future needs of project employees.
  B. The ongoing needs of the project accountants.
  C. The current payment commitment due throughout the life of a project.
  D. The future payment commitment due throughout the life of a project.
  D. The future payment commitment due throughout the life of a project.

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  Budget control is a practice of authorizing expenditure only when budget funds can be reserved to meet future payment commitments.

• Question 39:

  Budget control is enabled in Microsoft Dynamics AX 2012. The Process and Do Not Carry Forward Budget purchase order processing options are selected. You need to close the fiscal year and process year end encumbrances.

  What should you do? (Each correct answer presents part of the solution. Choose two.)

  A. Generate year-end closing entries in the general ledger.
  B. Re-establish the encumbrances in the general ledger.
  C. Create budget reservations for purchase order encumbrances that are being processed.
  D. Reverse the remaining encumbrances in the general ledger and the outstanding budget reservations for encumbrances.
  A. Generate year-end closing entries in the general ledger.
  D. Reverse the remaining encumbrances in the general ledger and the outstanding budget reservations for encumbrances.

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  Process purchase orders at year end [AX 2012] Option: Process and do not carry forward budget Closing steps:

  1.

  (D) The remaining encumbrances in the general ledger and outstanding budget reservations for encumbrances are reversed.

  2.

  (A) Year-end closing entries are generated in the general ledger. Ref: http://technet.microsoft.com/en-us/library/hh209300.aspx

• Question 40:

  You need to display a chart in Microsoft Dynamics AX 2012 of the total accounts payable balance by period. Which Public Sector Role Center contains this chart?

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

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  Role: Accountant Report: Total Accounts Payable in the Past Periods report

  Ref: http://microsoft-axapta.blogspot.co.uk/2010/09/reports-in-ax-2009.html