[Free] 2018(Aug) Ensurepass Microsoft MB6-702 Dumps with VCE and PDF 11-20

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Microsoft Dynamics AX 2012 R3 Financials

Question No: 11

Which two elements are required to create a budget plan in Microsoft Dynamics AX 2012? Each correct answer presents part of the solution.

  1. Budget plan priority

  2. Budget plan preparer

  3. Budget planning user group

  4. Budget planning process

Answer: A,C

Question No: 12

You have enabled the Bill of exchange feature in Microsoft Dynamics AX. You post a protest bill of exchange to a customer account.

Which account type on the customer posting profile should be debited?

  1. Settle account

  2. Summary account

  3. Write-off account

  4. Liabilities for discount account

Answer: D

Question No: 13

Which form should you use to assign a chart of accounts to a legal entity?

  1. Configure account structures

  2. General ledger parameters

  3. Ledger

  4. Legal entities

Answer: C

Question No: 14

What is the purpose of a budget model?

  1. To assign a budget type to the budget register entries

  2. To group budget register transactions

  3. To assign workflow to budget register entries

  4. To select the financial dimensions to use for budgeting

Answer: A

Question No: 15

You are the Microsoft Dynamics AX administrator for an organization.

The organization has a maximum cash credit limit of $20,000. If a payment is issued for more than the stated cash credit limit, the payment is rejected and the organization is fined.

You need to ensure that payments do NOT exceed the cash credit limit.

Which two actions should you perform? Each correct answer presents part of the solution.

  1. On the Bank accounts form, enter the Credit limit value.

  2. On the Bank accounts form, set the Bank account status option to Inactive for all transactions.

  3. On the Bank accounts form, enter the Active from and Active to dates.

  4. On the Cash and bank management parameters form, set the Bank credit limit tolerance option to Error.

Answer: A,C

Question No: 16

You need to set up the aging period definitions for the Vendor aging report.

What is the maximum number of aging periods that you can define?

  1. 6

  2. 7

  3. 8

  4. 9

Answer: A

Question No: 17

You need to acquire a fixed asset by using a purchase order.

Which two actions must be completed on the Fixed assets parameters form to achieve this goal? Each correct answer presents part of the solution.

  1. Set up a number sequence for purchasing.

  2. Set parameters to allow the asset acquisition from purchasing.

  3. Set fixed asset parameters to restrict the asset acquisition posting to a user group.

  4. Set fixed asset parameters to create the asset during product receipt or invoice posting.

Answer: B,C

Question No: 18

You need to ensure that when a check is paid to your vendors, only one check is generated for each vendor.

What should you configure?

  1. Terms of payments

  2. Payment day

  3. Payment schedule

  4. Method of payment

Answer: A

Question No: 19

Your company uses a fiscal calendar that has the following pattern:

->First fiscal period is four weeks long.

->Second fiscal period is four weeks long.

->Third fiscal period is five weeks long.

This pattern repeats throughout the entire fiscal year.

You need to configure the fiscal calendar in Microsoft Dynamics AX. How should you create the fiscal calendar?

  1. Set the Unit to Days, and then enter the number of days appropriately.

  2. Set the Unit to Years, and then use the Divide period function to divide the periods appropriately

  3. Set the Unit to Months, and then use the Divide period function to divide the periods appropriately.

  4. Set the Unit to Weeks, and then enter the number of weeks appropriately.

Answer: B

Question No: 20

What is the purpose of a budget planning stage?

  1. To identify categories and objectives for a budget plan

  2. To identify the quantities or amounts that are included in a budget plan

  3. To identify the steps that a budget plan goes through

  4. To link the budget plan workflows to the budget plan scenarios

Answer: A

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