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Microsoft MB6-871 : Microsoft Dynamics AX 2012 Financials

MB6-871

Exam Code: MB6-871

Exam Name: Microsoft Dynamics AX 2012 Financials

Updated: Aug 06, 2026

Q & A: 77 Questions and Answers

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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Topic 1: Period Close and Reporting- Month-end and year-end closing processes
- Financial consolidation and reporting
Topic 2: Accounts Payable- Invoice processing and approvals
- Payment processing and settlements
- Vendor setup and management
Topic 3: Fixed Assets- Asset acquisition and setup
- Asset disposal and reporting
- Depreciation and value models
Topic 4: General Ledger- Posting profiles and financial dimensions
- Chart of accounts setup and management
- Journal processing and entries
- Financial reporting and statements
Topic 5: Budgeting and Financial Control- Budget control and tracking
- Budget creation and maintenance
Topic 6: Cash and Bank Management- Bank account setup and reconciliation
- Payment journals and deposits
- Cash flow management
Topic 7: Accounts Receivable- Collections and payment processing
- Sales invoices and credit management
- Customer setup and management

Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You need to automatically create a fixed asset from a purchase order when an invoice is posted. In Microsoft Dynamics AX 2012, which of the following actions should you perform?

A) Select the Allow asset acquisition from Purchasing fixed asset parameter.
B) Select the Create asset during product receipt or invoice posting fixed asset parameter.
C) Configure the fixed asset posting profile.
D) Select the Check for fixed assets creation during line entry fixed asset parameter.
E) Configure the fixed asset acquisition methods.


2. In Microsoft Dynamics AX 2012, what is the purpose of the fill utility?

A) To import Microsoft Excel data.
B) To enable the automatic completion of form fields.
C) To transfer sales tax information.
D) To enable users to bulk-update records.


3. Your company plans to charge interest on customer overdue payments. You set up the required interest codes in Microsoft Dynamics AX 2012. What is the next step?

A) Apply the interest codes to the customer master.
B) Apply the interest codes to customer groups.
C) Apply the interest codes to customer parameters.
D) Apply the interest codes to customer posting profiles.


4. What is the first step in the process of creating a new financial statement in Microsoft Dynamics AX 2012?

A) Create a dimension set.
B) Create the financial statement column definition.
C) Create a row definition.
D) Design the financial statement row structure.


5. In Microsoft Dynamics AX 2012, which of the following can you analyze by using the Dimension statement? (Choose all that apply.)

A) General Ledger transactions
B) cash flow forecast transactions
C) budget transactions
D) customer balances
E) vendor balances


Solutions:

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

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