Microsoft MB6-885 Online Practice Questions and Exam Preparation

Microsoft MB6-885 Online Questions & Answers

• Question 51:

  Your company requires that open purchase orders be processed at the end of the fiscal year.

  You need to ensure that funds available for budgets are reduced in the closing year, and that budget funds are increased and made available in the new year.

  What should you do?

  A. Enable budget carry forward.
  B. Enable budget control.
  C. Do not enable budget carry forward,
  D. Enable encumbrance.
  A. Enable budget carry forward.

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  Carry forward project budgets at year-end [AX 2012]

  At the end of the year, you can transfer any remaining budget amounts for multiyear projects to future years.

• Question 52:

  A vendor requests that you distribute invoice payments equally to two bank accounts. How are allocation percentages for bank accounts specified?

  A. Vendor invoice
  B. By vendor bank account
  C. By vendor payment
  D. By vendor
  A. Vendor invoice

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  About electronic payments to public sector vendors (Public sector) [AX 2012]

  You can distribute the payment of an invoice to multiple vendor bank accounts. On the Accounts payable Vendor invoice form, you can select multiple bank accounts and allocate a percentage to each bank account. Based on the vendor bank accounts that you select, single or multiple open transactions are created against the invoice. Ref: http://msdn.microsoft.com/en-us/subscriptions/hh208572.aspx

• Question 53:

  You are setting up a funding rule in Microsoft Dynamics AX 2012 to define how to allocate charges for project contracts to multiple funding sources. Which two values are required? (Each correct answer presents part of the solution. Choose two.)

  A. Transaction type
  B. Project ID
  C. Category
  D. Priority
  A. Transaction type
  D. Priority

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  Set up funding rules for a project contract [AX 2012]

  Only the priority and transaction type values are required for a funding rule. Ref: http:// technet.microsoft.com/en-us/library/hh242721.aspx

• Question 54:

  You plan to make the necessary entries to record the "Due to" other funds on the Treasurer's fund and the equity in other individual funds. What should you use?

  A. customer payment journal entries
  B. centralized fund dimensions
  C. a pooled cash fund
  D. posting definitions for settlement
  D. posting definitions for settlement

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  Examples: Posting definitions (Public sector) [AX 2012] Treasurer's fund Due to Fund 101 (Posting definition for settlement)

• Question 55:

  You need to allocate the electricity budget across multiple departments. Which calculation method should you use to define each department's portion of the electricity budget?

  A. Percentage increase
  B. Variable amount
  C. Fixed amount
  D. Percentage
  C. Fixed amount

• Question 56:

  You plan to record commitments for purchase orders and purchase requisitions in Microsoft Dynamics AX 2012. What must you do first to enable commitment accounting?

  A. Create control accounts for pre-encumbrance and encumbrance postings.
  B. Enable pre-encumbrance and encumbrance processing.
  C. Create a budget reservation type for pre-encumbrance and encumbrance postings.
  D. Enable posting definitions for pre-encumbrance and encumbrance processing.
  B. Enable pre-encumbrance and encumbrance processing.

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  Encumbrance and Pre- Encumbrance (Commitment Accounting AX2012)

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  Encumbrance

  When the encumbrance process is enabled, we can create purchase order encumbrances that are recorded in the general ledger when a purchase order is confirmed.

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  Pre- Encumbrance

  A pre-encumbrance is a request to reserve funds for planned expenditures i.e., purchase requisition. The funds have been requested, but have not yet been approved for a purchase order. If the pre-encumbrance process is enabled, you can

  create purchase requisitions with a pre- encumbered amount for the planned expenditure.

• Question 57:

  You are creating a category hierarchy in Microsoft Dynamics AX 2012. Which category hierarchy type is available only when the Public Sector configuration key is enabled?

  A. Commodity code hierarchy
  B. Derived financial hierarchy
  C. Procurement category hierarchy
  D. Sales category hierarchy
  B. Derived financial hierarchy

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  Set up derived financial hierarchies (Public sector) [AX 2012]

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  To meet Common Government-wide Accounting Classification (CGAC) requirements, public sector organizations can use derived financial hierarchies to collect and analyze posted transaction data for specific main account numbers, full account numbers, and financial dimension values.

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  This process is available only if the Public Sector configuration key is selected.

  Ref: http://technet.microsoft.com/en-us/library/hh208586.aspx

• Question 58:

  To which elements can you assign DUNS and DUNS+4 numbers in Microsoft Dynamics AX 2012? (Each correct answer presents a complete solution. Choose two.)

  A. vendors
  B. vendor bank accounts
  C. vendor groups
  D. vendor addresses
  E. vendor contacts
  A. vendors
  D. vendor addresses

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  A: Vendors (form) [AX 2012]

  DUNS field:

  Enter the Data Universal Numbering System (DUNS) number that is assigned to the selected vendor's organization.

  D: Set up global address book parameters [AX 2012]

  Before you begin to work with the global address book or another address book in Microsoft Dynamics AX, you must set default values for your address books in the Global address book parameters form.

  Select the Display DUNS number on addresses check box to display the Data Universal Numbering System (DUNS) number in a party record's information. Note: Every company that does the trade in United states has a D-U-N-S number (DU-N-S Number is a unique nine-digit identification sequence, which provides a unique identifier of single business entities, while linking corporate family structures together).

• Question 59:

  When can you allocate a project budget across time periods?

  A. When there are pre-approved and approved amounts to be allocated.
  B. When there are only pre-approved amounts to be allocated.
  C. When there are only approved amounts to be allocated.
  D. When there are only unapproved amounts to be allocated.
  D. When there are only unapproved amounts to be allocated.

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  Allocate a project budget or budget revision across periods [AX 2012] After you enter a project budget or project budget revision, and before you submit it for approval, you can allocate the amounts across periods. Ref: http://technet.microsoft.com/en-us/library/hh208477.aspx

• Question 60:

  You are assigning user groups for over budget permissions in Microsoft Dynamics AX 2012. Which of the following is true about the default permission handling for over budget permissions?

  A. When a user group is added, the default permissions prevent over budget processing.
  B. Budget controls cannot override default permissions.
  C. Budget groups cannot override default permissions.
  D. When a user group is added, the default permissions allow over budget processing.
  A. When a user group is added, the default permissions prevent over budget processing.

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  Set up budget control [AX 2012]

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  You can define a budget control rule to provide unique user group permissions to budget amounts for specific financial dimension combinations. If the default over budget option for all user groups is Prevent over budget processing, you can define a rule that has a different over budget option for one user group for specific financial dimension combinations.

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  Define over-budget permissions for user groups

  You can let specific user groups exceed the available budget or restrict user groups from exceeding the available budget or budget thresholds. The Prevent processing at over budget threshold setting is applied to all users who are not in a user group. The settings in this form can be overridden by a budget control rule or budget group. URL: : http://technet.microsoft.com/en-us/library/hh242453.aspx