Microsoft Dynamics AX 4.0 Financials Set 1

A controller would like to assign a department 60-Purchase and cost center 6010-Purchase when the accounts payable administrator creates vendor journals. Which of the following needs to be defined to restrict the available selections?

One of the companies you are consolidating does business in a currency that has been fluctuating a lot. However, when you run your consolidation, you want to only use a closing rate for that period of the Monetary accounts. How would you set this up?

A controller is having issues with the monthly reports that have accounting entries made to the wrong departments. The controller would like to ensure that the accounting entries are entered with the correct department. Which of the following describes how to accomplish this in Dynamics AX?

Which of the following happens to the transactions if you delete a period in which transactions are posted?

The currency rate is changed on the 1st of every month. On the 1st of March, the rate is changed from 390 to 400. On the 4th of March, an invoice with a date of February 28th is made. Which exchange rate does the system use?

You have several departments set up and need to run a financial statement for each one. How do you run them?

Which of the following is the result of selecting the checkbox Locked in Journal under the General tab of the Chart of Accounts?

 

Your company wants to generate a number of sequentially numbered checks in the bank module. Which of the following is a requirement to allow sequentially numbered checks?

At what stage can a check number be deleted from the Bank module?

How do you indicate which company you are posting an intercompany transaction to?