Microsoft MB6-871 : Microsoft Dynamics AX 2012 Financials

MB6-871 real exams

Exam Code: MB6-871

Exam Name: Microsoft Dynamics AX 2012 Financials

Updated: Aug 24, 2026

Q & A: 77 Questions and Answers

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Microsoft MB6-871 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Manage Financials II33%- Multicurrency and Intercompany Accounting
- Financial Consolidations
- Advanced Payment and Settlement
- Year-end Close and Financial Reporting
  • 1. Closing procedures
    • 2. Financial statement generation
      - Budgeting and Cash Flow Management
      • 1. Cash flow forecasting
        • 2. Commitment accounting
          • 3. Budget setup and control
            Topic 2: Manage Fixed Assets31%- Asset Acquisition and Disposal
            - Fixed Assets Setup
            • 1. Depreciation books and profiles
              • 2. Asset groups and parameters
                - Fixed Asset Reporting
                - Depreciation and Adjustment Transactions
                Topic 3: Manage Financials I36%- Cash and Bank Management
                • 1. Reconciliation processes
                  • 2. Bank accounts setup
                    - Accounts Payable
                    • 1. Vendor setup
                      • 2. Invoice and payment processing
                        - Set up and manage General Ledger
                        • 1. Chart of accounts configuration
                          • 2. Journal setup and processing
                            • 3. Daily General Ledger procedures
                              - Accounts Receivable
                              • 1. Customer setup
                                • 2. Sales order and collection processing
                                  - Sales tax configuration and management

                                  Microsoft Dynamics AX 2012 Financials Sample Questions:

                                  Question 1

                                  In Microsoft Dynamics AX 2012, where can you review value models that are linked to a fixed asset?

                                  A. In the Fixed asset posting profile form.
                                  B. In the Fixed asset parameters form.
                                  C. In the corresponding main account.
                                  D. In the Fixed asset group form.


                                  Question 2

                                  In Microsoft Dynamics AX 2012, what is a reason code?

                                  A. a user-defined field used to post transactions
                                  B. a user-defined field used to provide background data about a transaction
                                  C. a system-generated code used on Audit trail reports
                                  D. a system-generated code used to track transaction postings


                                  Question 3

                                  You need to automatically select all vendor payments that are due within the same week. In Microsoft Dynamics AX 2012, what should you do?

                                  A. Configure a payment fee.
                                  B. Create a payment method and select Date in the Period field.
                                  C. Create a payment method and select Week in the Period field.
                                  D. Configure a payment control.


                                  Question 4

                                  Which of the following statements about Microsoft Dynamics AX 2012 elimination journal proposals are true? (Choose all that apply.)

                                  A. An elimination journal proposal enables you to validate the results of elimination.
                                  B. An elimination journal proposal can be run only once.
                                  C. An elimination journal proposal posts automatically.
                                  D. An elimination journal proposal displays a preview of the results of elimination.


                                  Question 5

                                  You need to process exchange rate adjustments on eligible main accounts. In Microsoft Dynamics AX 2012, what should you do?

                                  A. Use the periodic General Ledger function Foreign currency revaluation.
                                  B. Use the periodic General Ledger function Ledger accounting currency conversion.
                                  C. Use the periodic Accounts Payable function Foreign currency revaluation.
                                  D. Use the periodic Accounts Receivable function Foreign currency revaluation.


                                  Solutions:

                                  Question 1
                                  Answer: D
                                  Question 2
                                  Answer: B
                                  Question 3
                                  Answer: C
                                  Question 4
                                  Answer: C,D
                                  Question 5
                                  Answer: A

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