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Microsoft Dynamics AX 2012 Financials : MB6-871

MB6-871 Exam Simulator
  • Exam Code: MB6-871
  • Exam Name: Microsoft Dynamics AX 2012 Financials
  • Updated: Sep 12, 2026
  • Q & A: 77 Questions and Answers
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Microsoft MB6-871 exam simulator

Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Topic 1: System Setup and Configuration- Posting profiles and parameters
- Financial module configuration
Topic 2: Cash and Bank Management- Cash flow management
- Bank account setup and reconciliation
Topic 3: Fixed Assets- Asset acquisition and capitalization
- Depreciation and disposal processes
Topic 4: Budgeting and Financial Control- Budget control and variance analysis
- Budget creation and maintenance
Topic 5: Accounts Receivable- Customer management and setup
- Invoicing and cash application
- Credit management and collections
Topic 6: General Ledger- Chart of accounts setup and management
- Journal processing and posting
- Financial period closing and reporting
Topic 7: Financial Reporting- Custom report generation
- Standard financial statements
Topic 8: Accounts Payable- Vendor management and setup
- Aging and settlement processes
- Invoice processing and payments

Microsoft Dynamics AX 2012 Financials Sample Questions:

Question #1

Which of the following actions can you perform when defining the fiscal yearend close parameters in Microsoft Dynamics AX 2012?

  • A. Create an opening balance for the new fiscal year.
  • B. Set the Main accounts to the default value for the new fiscal year.
  • C. Delete close-of-year transactions during transfer.
  • D. Set the period status to current for new fiscal periods.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

In Microsoft Dynamics AX 2012, what is budget control functionality?

  • A. zero-based budgeting
  • B. a method of ensuring that sufficient budget funds are available for planned or actual purchases
  • C. a process in the Workflow Management module
  • D. incremental budgeting
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

You need to loan fixed assets in Microsoft Dynamics AX 2012. What should you do?

  • A. Use the inventory to fixedasset journal.
  • B. Use the Loaned equipment periodic function.
  • C. Click the Lend button on the Fixed asset form.
  • D. Use the fixed asset journal.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

In Microsoft Dynamics AX 2012, which transaction type can be used for fixed asset disposal?

  • A. Acquisition adjustment
  • B. Depreciation adjustment
  • C. Provision for reserve
  • D. Write down
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #5

In Microsoft Dynamics AX 2012, which of the following credit limit tolerances can be set up in Cash and Bank Management? (Choose all that apply.)

  • A. Confirmthe system prompts the user to confirm
  • B. Error - the system generates an error notification
  • C. Warning - the system generates a warning notification
  • D. Validatethe system prompts the user to validate
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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