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Test Sistemas 1

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Test Finanzas
Julio Jimenez
Quiz by Julio Jimenez, updated more than 1 year ago
Julio Jimenez
Created by Julio Jimenez over 7 years ago
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Resource summary

Question 1

Question
You are entering a customer sales order that has two lines: one line for item A and one line for item B. The following statements are necessary to calculate sales tax for the sales order: The sales tax group linked to the customer includes sales tax codes ST1, ST2, ST3, and ST4. The item sales tax group linked to item A includes sales tax codes ST1, ST2, and ST5. The item sales tax group linked to item B includes sales tax codes ST1, ST3, and ST5. You need to calculate sales taxes for each of the sales order lines. Which two statements describe how sales taxes are calculated for the sales order? Each correct answer presents part of the solution.
Answer
  • A. The line with item B is calculated based on sales tax codes ST1 and ST3.
  • B. The line with item B is calculated based on sales tax codes ST1, ST3, and ST5.
  • C. The line with item A is calculated based on sales tax codes ST1, ST2, and ST5.
  • D. The line with item A is calculated based on sales tax codes ST1 and ST2.

Question 2

Question
QUESTION 2 You need to set up the posting profile for realized and unrealized gains and losses. Which two forms should you use? Each correct answer presents a complete solution.
Answer
  • A. Chart of accounts form
  • B. Currency revaluation accounts form
  • C. Currency exchange rates form
  • D. Ledger form

Question 3

Question
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?
Answer
  • A. Terms of payments
  • B. Payment day
  • C. Payment schedule
  • D. Method of payment

Question 4

Question
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?
Answer
  • A. 6
  • B. 7
  • C. 8
  • D. 9

Question 5

Question
Your organization uses Microsoft Dynamics AX. You need to set up journal names for the General journal. Which journal type should you specify?
Answer
  • A. Allocation
  • B. Periodic
  • C. Approval
  • D. Daily

Question 6

Question
Where do you define the Main account information for bank and cash subledger journal account transactions?
Answer
  • A. On the Bank document posting profiles form
  • B. On the Bank transaction groups form
  • C. On the Bank groups form
  • D. On the Bank accounts form

Question 7

Question
Which effective date is valid when you publish the updated hierarchy?
Answer
  • A. Any of the published effective dates
  • B. Any day after the last published effective date
  • C. Any day between two of the published effective dates
  • D. The last published effective date

Question 8

Question
You need to set up preprinted checks in the Cash and bank management module. Which two settings should you define? Each correct answer presents part of the solution
Answer
  • A. Check number method set to Fixed
  • B. ABC codes
  • C. Bank number
  • D. Check format

Question 9

Question
You need to create vendor accounts by using Microsoft Dynamics AX.
Answer
  • A. Mode of delivery
  • B. Group
  • C. Credit limit
  • D. Terms of payment

Question 10

Question
In which three modules is currency rounding configuration an option? Each correct answer presents a complete solution.
Answer
  • A. Budgeting
  • B. Project management and accounting
  • C. Accounts receivable
  • D. Procurement and sourcing
  • E. Accounts payable

Question 11

Question
You need to create a budget register entry that will spread the amount you enter into the line across multiple business units based on the revenue from the previous quarter.
Answer
  • A. Create a financial dimension default template and apply it to the budget register entry.
  • B. Create a financial dimension set and apply it to the budget register entry.
  • C. Create a derived financial hierarchy and apply it to the budget register entry.
  • D. Create a budget allocation term and apply it to the budget register entry.

Question 12

Question
To which object can you link a budget register entry workflow?
Answer
  • A. Budget models
  • B. Budget transfer rules
  • C. Journal names
  • D. Budget codes

Question 13

Question
You are configuring a budget plan to automatically spread. Which allocation method should you use?
Answer
  • A. The Aggregate allocation method
  • B. The Allocate across periods method
  • C. The Distribute allocation method
  • D. The Allocate across dimensions method

Question 14

Question
You need to pay all open invoices that have a due date on or before July 10. You want to take advantage of any available discounts. Which two settings must you select when creating the payment proposal? Each correct answer presents part of the solution.
Answer
  • A. In the Payment to date field, select July 10.
  • B. In the Minimum date field, select July 10
  • C. In the Proposal type field, select Due date and cash discount.
  • D. In the Proposal type field, select Due date.

Question 15

Question
In which three scenarios should you use a bridging account? Each correct answer presents a complete solution.
Answer
  • A. To settle prepayments for a vendor
  • B. As a method of payment for customers
  • C. To settle prepayments for a customer
  • D. As a method of payment for vendors
  • E. To settle postdated checks for a vendor

Question 16

Question
You need to ensure that you have the most current data to manage customer collections
Answer
  • A. A customer account statement
  • B. A customer balance list
  • C. A customer aging snapshot
  • D. A customer pool

Question 17

Question
You need to add general journal voucher lines. Which three selections are valid account types? Each correct answer presents a complete solution.
Answer
  • A. Fixed assets
  • B. Bank
  • C. Purchase order
  • D. Ledger
  • E. Item

Question 18

Question
What is the purpose of collections cases?
Answer
  • A. To record nonsufficient funds (NSF) payments
  • B. To calculate interest on overdue transactions
  • C. To group collection activities and transactions
  • D. To write off transactions that have been deemed uncollectable

Question 19

Question
Which two transactions can be reversed? Each correct answer presents a complete solution.
Answer
  • A. A sales order
  • B. An unposted depreciation transaction
  • C. Fixed asset depreciation adjustment
  • D. Vendor payments
  • E. A transaction that has already been reversed

Question 20

Question
Which two actions does the system apply to the invoice? Each correct answer presents a complete solution.
Answer
  • A. The error log is presented to the user and then deleted.
  • B. The error log is presented to the user and then saved.
  • C. The invoice is placed in the pending vendor invoices list.
  • D. The invoice is placed on hold.

Question 21

Question
In which two situations can you print a pro forma invoice? Each correct answer presents a complete solution.
Answer
  • A. As an estimate of a free text invoice
  • B. As an estimate of a customer invoice for a sales order
  • C. As a request for payment for a past due invoice
  • D. As a replacement for a lost invoice

Question 22

Question
You are setting up cash flow forecasting in Microsoft Dynamics AX 2012. You need to ensure that the budget entries are shown in the cash flow. Which action should you perform?
Answer
  • A. Set up the settle accounts for the vendor/customer posting profiles to include with the budget accounts.
  • B. Set up the cash flow forecast in the Accounts receivable and Accounts payable modules.
  • C. Include the cash flow forecast for the budget model.
  • D. Calculate the cash flow forecasts for the budget accounts.

Question 23

Question
What are three account types that you can choose in a General ledger journal voucher? Each correct answer presents a complete solution.
Answer
  • A. Inventory
  • B. Customer
  • C. Vendor
  • D. Item
  • E. Project

Question 24

Question
You are processing a vendor payment. You attempt to print a check from Microsoft Dynamics AX 2012. Due to printer issues, the check is damaged and the journal is not yet posted. You need to cancel the check. What should you do?
Answer
  • A. On the Transactions form, use the Reverse transactions functionality, and post a transaction reversal
  • B. On the Bank accounts form, use the Delete checks functionality, and delete the check.
  • C. On the Payment journal form, use the Payment status functionality, and set the status as Rejected
  • D. On the Checks form, use the Payment reversals functionality, and post the check reversal journal.

Question 25

Question
You are setting up cash flow management in your organization by using Microsoft Dynamics AX 2012. A delay of five days is expected from the due date of the payments to the date on which the payments are drawn from your bank account Where on the Vendor groups form should you set up this delay?
Answer
  • A. The Forecast tab
  • B. The Settle period field
  • C. The Default account setup tab
  • D. The Terms of payment field

Question 26

Question
Which statement about generating deposit slips is correct?
Answer
  • A. You can generate one deposit slip per bank account for multiple journals.
  • B. You can generate one deposit slip for multiple journals each day.
  • C. You can generate one deposit slip per journal per bank account.
  • D. You can generate separate deposit slips for each voucher depending on the number of vouchers in a journal.

Question 27

Question
Your company uses two-way matching to create vendor invoices. Which elements are used in the two-way matching process?
Answer
  • A. Quantity received and quantity invoiced
  • B. Price information on the invoice and price information on the purchase order
  • C. Invoice total amount and the total amount on the purchase order
  • D. Quantity ordered on the purchase order and quantity invoiced

Question 28

Question
You are implementing Microsoft Dynamics AX 2012 for an organization that has multiple regions of operation. The organization has a policy that states that centralized payments should be processed through the main office. Which three actions should you perform to enable centralized payments? Each correct answer presents part of the solution.
Answer
  • A. Set up the organizational hierarchy and the organization hierarchy purposes.
  • B. Set up intercompany accounting
  • C. Set up currencies and their respective exchange rates.
  • D. Set up a bridging account.
  • E. Set up accrual schemes.

Question 29

Question
To which two entities can you lend a fixed asset? Each correct answer presents a complete solution
Answer
  • A. Another legal entity LIB
  • B. A fixed asset group
  • C. A contractor
  • D. An employee

Question 30

Question
Which three methods can you use to assign bar codes to fixed assets? Each correct answer presents a complete solution.
Answer
  • A. Automatically assign the bar codes when you create fixed assets
  • B. Assign the bar codes to fixed assets groups.
  • C. Automatically assign the bar codes based on the fixed asset journal type.
  • D. Assign the bar codes to current fixed assets
  • E. Manually assign the bar codes when you create fixed assets.

Question 31

Question
You are implementing fixed assets for your company. The company requires the following business process for creating assets: 1. A worker completes a capital expenditure form and submits it to the accounting department for review and approval. 2. After the form is approved, the asset is created. 3. A purchasing agent creates a purchase order and submits it to the vendor for processing. 4. When the invoice is received from the vendor, the accounts payable clerk processes an invoice to acquire the asset. No other users are allowed to process the acquisition. You need to configure Microsoft Dynamics AX to meet these requirements. Which two configurations should you complete? Each correct answer presents part of the solution
Answer
  • A. Configure the Business rule for fixed assets determination rule.
  • B. Set the Create asset during product receipt or invoice posting parameter to true.
  • C. Configure a user group for the Restrict asset acquisition posting to user group parameter.
  • D. Set the Check for fixed assets creation during line entry parameter to true.
  • E. Set the Allow asset acquisition from Purchasing parameter to true.

Question 32

Question
You need to configure fixed assets so that information such as asset purchase, depreciation, revaluation, adjustment, and sale or disposal is tracked over the lifetime of the assets. Which form tracks this financial information?
Answer
  • A. Fixed asset value models form
  • B. Fixed assets form
  • C. Fixed asset depreciation books form
  • D. Fixed asset groups form

Question 33

Question
What does a depreciation convention determine?
Answer
  • A. The number of periods over which a fixed asset should be depreciated
  • B. Whether a fixed asset should be depreciated
  • C. The amount of depreciation to apply in the first and last years of a fixed asset's useful life
  • D. The amount of depreciation to apply to each period of a fixed asset's useful life

Question 34

Question
You need to configure how fixed assets will be numbered. Which two techniques accomplish this goal? Each correct answer presents a
Answer
  • A. Manually assign a number to each fixed asset.
  • B. Automatically number fixed assets based on fixed asset groups
  • C. Manually assign a number to each fixed asset group
  • D. Automatically number fixed assets based on a fixed asset calendar.

Question 35

Question
Which three transaction types can you use to dispose of an asset? Each correct answer presents a complete solution.
Answer
  • A. Provision for reserve
  • B. Write off
  • C. Extraordinary depreciation
  • D. Sale
  • E. Scrap

Question 36

Question
Which step must be taken before you can record an acquisition of a fixed asset on the General journal form?
Answer
  • A. Create a fixed asset workflow.
  • B. Create a fixed asset record
  • C. Create a fixed asset budget register entry.
  • D. Create a vendor invoice.

Question 37

Question
Which two documents can you use to set up fixed asset acquisitions? Each correct answer presents a complete solution.
Answer
  • A. Free text invoice
  • B. Invoice journal
  • C. Sales order
  • D. Purchase order

Question 38

Question
An organization has a policy of charging depreciation based on the usage of the fixed asset in a fiscal year. You need to configure depreciation according to this policy. Which depreciation method should you use?
Answer
  • A. Straight line service life
  • B. Reducing balance
  • C. Factor
  • D. Consumption

Question 39

Question
You are using a voucher template to create a journal voucher. The template type is Percent The template has four lines with the following amounts: First line: $100 Second line: $200 Third line: S300 Fourth line: $400 When prompted for a voucher amount you enter $2,000. What is the default amount on the third line of the journal voucher?
Answer
  • A. $150
  • B. $300
  • C. $600
  • D. $2,000

Question 40

Question
You are implementing Microsoft Dynamics AX 2012. You need to set up invoices for payment so they are summed up for the payment proposal period. Which period option should you choose?
Answer
  • A. Invoice
  • B. Total
  • C. Date
  • D. Week

Question 41

Question
You are setting up the cash flow forecast in Microsoft Dynamics AX for your organization. The organization has accounts that are identified as cash or cash equivalents. You need to set up these accounts as liquidity accounts for cash flow forecast purposes. Where do you set up the accounts?
Answer
  • A. In the Customers area of the Accounts receivable module setup
  • B. In the Vendors area of the Accounts payable module setup
  • C. In the Cash and bank management parameters form of the Cash and bank management module
  • D. In the Posting area of the General ledger module setup

Question 42

Question
You create a new bank account. You configure the check layout to be fixed. You need to create the first batch of checks. Where should you create the checks?
Answer
  • A. The Checks form that is accessed from the Bank account form
  • B. The Payment journal form that is accessed from the Journals area of the Accounts payable module
  • C. The Checks form that is accessed from the Common area of the Cash and bank management module
  • D. The Bank documents area that is accessed from the Setup area of the Cash and bank management module

Question 43

Question
In which three scenarios can you use a free text invoice? Each correct answer presents a complete solution.
Answer
  • A. To invoice a customer for miscellaneous charges
  • B. To acquire a fixed asset
  • C. To sell a fixed asset to a customer
  • D. To sell an inventory item to a one-time customer
  • E. To produce recurring service invoices for customers

Question 44

Question
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?
Answer
  • A. Settle account
  • B. Summary account
  • C. Write-off account
  • D. Liabilities for discount account

Question 45

Question
You apply a customer payment. The payment amount is less than the amount of the invoice. What are two results of this payment? Each correct answer presents part of the solution.
Answer
  • A. The payment remains open for the amount of the difference between the payment and the invoice.
  • B. The invoice remains open for the amount of the difference between the payment and the invoice.
  • C. The payment is settled and closed.
  • D. The invoice is settled and closed.

Question 46

Question
What is the difference in the setup of periodic journals and voucher templates?
Answer
  • A. You can modify the account type in voucher templates.
  • B. Voucher templates can contain multiple vouchers.
  • C. You can modify the account type in periodic journals.
  • D. Periodic journals can contain only one voucher.

Question 47

Question
You need to generate a vendor prepayment in a payment journal. Which two processes should you complete before posting a prepayment? Each correct answer presents part of the solution.
Answer
  • A. Set up a prepayment posting profile.
  • B. Set up a prepayment in a purchase order.
  • C. Create a payment journal for the prepayment.
  • D. Create a vendor invoice for the prepayment.

Question 48

Question
What is the purpose of a budget model?
Answer
  • A. To assign a budget type to the budget register entries
  • B. To group budget register transactions
  • C. To assign workflow to budget register entries
  • D. To select the financial dimensions to use for budgeting

Question 49

Question
You are configuring Microsoft Dynamics AX for basic budgeting. Which two setups are optional? Each correct answer represents a complete solution.
Answer
  • A. Reason codes
  • B. Workflows
  • C. Budget models
  • D. Journal names
  • E. Budget codes

Question 50

Question
What is the purpose of budget control?
Answer
  • A. To set financial and operational goals
  • B. To analyze and update budget plans
  • C. To enforce that sufficient budget funds are available for planned or actual purchases
  • D. To consolidate multiple budget plans into a single parent budget

Question 51

Question
Which three settings can be defined when configuring budget control? Each correct answer presents a complete solution.
Answer
  • A. The source documents and accounting journals that are subject to budget control
  • B. The main accounts and financial dimensions to be checked
  • C. The budget planning stages
  • D. The workflow approvals required when the budget is exceeded
  • E. The budget funds that are available

Question 52

Question
Which two elements are required to create a budget plan in Microsoft Dynamics AX 2012? Each correct answer presents part of the solution.
Answer
  • A. Budget plan priority
  • B. Budget plan preparer
  • C. Budget planning user group
  • D. Budget planning process

Question 53

Question
What is the purpose of a budget planning stage?
Answer
  • A. To identify categories and objectives for a budget plan
  • B. To identify the quantities or amounts that are included in a budget plan
  • C. To identify the steps that a budget plan goes through
  • D. To link the budget plan workflows to the budget plan scenarios

Question 54

Question
You need to configure a workflow to approve all budget amounts at the line level.
Answer
  • A. Budget register entry workflow
  • B. Ledger fixed assets budget journal workflow
  • C. Budget plan workflows
  • D. Budget account entry workflow

Question 55

Question
Which entity is used to define sales tax percentages or amounts?
Answer
  • A. Sales tax groups
  • B. Sales tax authorities
  • C. Item sales tax groups
  • D. Sales tax codes

Question 56

Question
Your organization has a policy of validating the accuracy of beneficiary account details such as routing numbers and account numbers. Which functionality in Microsoft Dynamics AX 2012 should you set up?
Answer
  • A. Deposit slip
  • B. Letter of guarantee
  • C. Prenotes
  • D. Bank reconciliation

Question 57

Question
Which two forms can be used to assign a default item sales tax group? Each correct answer presents a complete solution.
Answer
  • A. Vendors
  • B. Products
  • C. Released products
  • D. Customers
  • E. General ledger parameters

Question 58

Question
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?
Answer
  • A. Set the Unit to Days, and then enter the number of days appropriately.
  • B. Set the Unit to Years, and then use the Divide period function to divide the periods appropriately
  • C. Set the Unit to Months, and then use the Divide period function to divide the periods appropriately.
  • D. Set the Unit to Weeks, and then enter the number of weeks appropriately.

Question 59

Question
The accounts receivable manager runs a foreign currency revaluation on February 5. The foreign currency revaluation has a considered date of January 31. The period closing for this revaluation is set for January 31. What is the result of this invoice revaluation if the invoice is settled on February 3?
Answer
  • A. The revaluation includes only documents that have settled amounts on the considered date.
  • B. The revaluation excludes documents that have been settled on the considered date.
  • C. The revaluation includes all documents, including unposted, that have open amounts on the considered date.
  • D. The revaluation includes all documents, excluding unposted, that have open amounts on the considered date.

Question 60

Question
Your company plans to implement vendor invoice matching. Your company policy states that vendor invoices must be reviewed to compare the prices and quantities on the invoices for accuracy. You need to configure the invoice matching setup. Which type of invoice matching should you configure?
Answer
  • A. Charges matching
  • B. Three-way matching
  • C. Invoice totals matching
  • D. Two-way matching

Question 61

Question
You have an invoice for $10,000. One payment of $3,000 has already posted against this invoice. You need to allow cash discounts on the $3,000 payment. Which action should you perform?
Answer
  • A. On the Accounts receivable parameters form, select the Calculate cash discounts for partial payments check box.
  • B. On the Accounts receivable parameters form, select the Calculate cash discounts for credit notes check box.
  • C. On the Cash discounts form, define the Discount principle area.
  • D. On the Accounts receivable parameters form, select the Automatic settlement check box.

Question 62

Question
What are three operating units that can be used as a financial dimension? Each correct answer presents a complete solution.
Answer
  • A. Departments
  • B. Business units
  • C. Positions
  • D. Cost centers
  • E. Teams

Question 63

Question
You enable invoice matching validation by using Microsoft Dynamics AX. Your organization has a policy that requires you to monitor freight cost variances by matching the purchase order to the vendor invoices. Which type of matching should you use?
Answer
  • A. Charges matching
  • B. Two-way matching
  • C. Three-way matching
  • D. Invoice totals matching

Question 64

Question
QUESTION 64 You are the administrator for a multinational corporation (MNC). The corporation uses multiple chart of accounts and their corresponding financial dimension sets to meet the requirements of different regions. Each region is defined as a separate legal entity. You have defined multiple account structures as a combination of chart of accounts and dimensions. You need to assign these account structures to a specific region. Which form should you use to accomplish this goal?
Answer
  • A. Posting definitions
  • B. Ledger
  • C. Configure account structures
  • D. Ledger allocation rule

Question 65

Question
Which two options prevent new checks from posting to a bank account? Each correct answer presents a complete solution.
Answer
  • A. Set the active dates on the selected Bank account form.
  • B. Set the active dates on the selected Main account form.
  • C. Select the Use review process for payment reversals parameter.
  • D. Select the Use review process for deposit slip payment cancellations parameter.

Question 66

Question
You need to record fixed asset transactions by using journals. What should you configure before you can begin the recording process?
Answer
  • A. A journal name that uses the Fixed asset budget journal type
  • B. A journal name that uses the Post fixed assets journal type
  • C. A depreciation book journal name
  • D. A default Fixed asset - posting, ledger description

Question 67

Question
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.
Answer
  • A. Set up a number sequence for purchasing.
  • B. Set parameters to allow the asset acquisition from purchasing.
  • C. Set fixed asset parameters to restrict the asset acquisition posting to a user group.
  • D. Set fixed asset parameters to create the asset during product receipt or invoice posting.

Question 68

Question
In which three modules can a fixed asset be acquired? Each correct answer presents a complete solution.
Answer
  • A. General ledger module
  • B. Budgeting module
  • C. Accounts payable module
  • D. Accounts receivable module
  • E. Inventory module

Question 69

Question
Which three objects can be used to define fixed asset posting profiles? Each correct answer presents part of the solution.
Answer
  • A. Asset type
  • B. Fixed asset group
  • C. Asset activity code
  • D. Transaction type
  • E. Value model

Question 70

Question
You need to create a fixed asset that records depreciation quarterly. Which form should you use to configure the period frequency for posting depreciation?
Answer
  • A. Value models
  • B. Depreciation profiles
  • C. Special depreciation allowance
  • D. Depreciation books
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