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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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| Section | Objectives |
|---|---|
| Accounts Payable | - Invoice processing and approvals - Vendor setup and management - Payment processing and settlements |
| Budgeting and Financial Control | - Budget creation and maintenance - Budget control and tracking |
| Period Close and Reporting | - Month-end and year-end closing processes - Financial consolidation and reporting |
| Accounts Receivable | - Customer setup and management - Collections and payment processing - Sales invoices and credit management |
| Cash and Bank Management | - Payment journals and deposits - Bank account setup and reconciliation - Cash flow management |
| Fixed Assets | - Asset acquisition and setup - Depreciation and value models - Asset disposal and reporting |
| General Ledger | - Chart of accounts setup and management - Financial reporting and statements - Journal processing and entries - Posting profiles and financial dimensions |
1. You need to enter fixed asset acquisitions into Microsoft Dynamics AX 2012. Where can you do this?
A) In the general journal of the General Ledger module.
B) In the payment journal of the Accounts Receivable module.
C) In the Free text invoice form of the Accounts Receivable module.
D) In the payment journal of the Accounts Payable module.
2. Your company has more than 500 customers. You plan to set up customer groups in Microsoft Dynamics AX 2012 to support the creation of the customer master. What is the minimum number of customer groups that you must set up?
A) 4
B) 1
C) 8
D) 2
3. Which type of fixed asset value adjustment is available in Microsoft Dynamics AX 2012?
A) Write up adjustment
B) Provision for reserve
C) Disposal sale
D) Disposal scrap
4. You set up a fixed asset in Microsoft Dynamics AX 2012. You select the Allow asset acquisition from purchasing fixed asset parameter. What is the initial status of the fixed asset?
A) Suspended
B) Scrapped
C) Not yet acquired
D) Open
5. Which of the following statements about value models for fixed assets in Microsoft Dynamics AX 2012 is true?
A) Value models are a subset of the value of a fixed asset.
B) Value models are used to assign additional life cycles to a fixed asset.
C) Value models are optional when setting up depreciation for a fixed asset.
D) Value models connect all financial information about fixed assets.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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