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Microsoft MB6-871 Exam Syllabus Topics:

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

                                  Microsoft Dynamics AX 2012 Financials Sample Questions:

                                  1. In Microsoft Dynamics AX 2012, which of the following bank account status options are available? (Choose all that apply.)

                                  A) Closed
                                  B) Inactive for new transactions
                                  C) Active for all transactions
                                  D) Open


                                  2. 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.


                                  3. When posting year-end transactions in Microsoft Dynamics AX 2012, which posting layer is designed for the closing sheet?

                                  A) Current
                                  B) Opening
                                  C) Operations
                                  D) Closing


                                  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) Not yet acquired
                                  B) Scrapped
                                  C) Suspended
                                  D) Open


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

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


                                  Solutions:

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

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