Microsoft Dynamics AX 2012 Financials : MB6-871 Exam

  • Exam Code: MB6-871
  • Exam Name: Microsoft Dynamics AX 2012 Financials
  • Updated: Sep 27, 2026
  • Q & A: 77 Questions and Answers

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Microsoft MB6-871 Exam Syllabus Topics:

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

Microsoft Dynamics AX 2012 Financials Sample Questions:

Question #1

In Microsoft Dynamics AX 2012, when can you use the cross-rate functionality in the Accounts Receivable Settle open transaction form?

  • A. When the customer invoice has been created by using a free text invoice.
  • B. When the customer is making an advance payment.
  • C. When the invoice currency and payment currency are the same.
  • D. When the invoice currency and payment currency are different.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

You enter a new fixed asset, number FUR-ELC000136, in Microsoft Dynamics AX 2012. When you validate the acquisition journal for the new fixed asset, the system displays the following message: Account for the transaction type, value model, does not exist for fixed asset FUR- ELC000136. What is the cause of the problem?

  • A. The main account for the acquisition transaction type does not exist in the fixed asset posting profile.
  • B. The main account for the acquisition transaction type does not exist in the main account table.
  • C. The offset account does not exist in the Acquisition journal name form.
  • D. The main account for the acquisition transaction type does not exist in the value model.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

In Microsoft Dynamics AX 2012 which journal type should you use in the Journal name form if budgets for fixed assets are required?

  • A. Post fixed asset
  • B. Periodic
  • C. Daily
  • D. Fixed asset budget
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

In Microsoft Dynamics AX 2012, which additional user interface element exists when a workflow approval is set up for a journal?

  • A. A Validate button in the action pane.
  • B. A yellow information bar.
  • C. A Justify button in the action pane.
  • D. A green arrow to start the workflow.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

On which Microsoft Dynamics AX 2012 list page can you view cash flow forecasts?

  • A. All sales orders
  • B. All customers
  • C. All purchase requisitions
  • D. All production orders
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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