Microsoft Dynamics AX 4.0 Financials

Your company does not want any opening balances to transfer to the new year when the periodic job Opening Transactions is run. Which of the following would you set the Balance Account field to?

Your company wants to create a financial statement that compares actual results to budget. How do you set this up in Dynamics AX?

You would like to run a process to assist in the planning and controlling of liquidity for your company based what will happen in the future. Which of the options would be necessary to do this?

You are setting up a new yearly budgeted revenue divided into months with a pre-determined percentage allocation. How do you do this?

An accounts payable clerk inadvertently entered a duplicate invoice for a vendor. The accounts payable coordinator needs to remove the duplicated invoice. Which of the following steps does the accounts payable coordinator perform?

The controller has asked the accounts payable coordinator to make a payment to a vendor for two invoices with no due date and no cash discount date. The controller also gave the accounts payable coordinator the invoice numbers from the vendors account statement that was printed from Dynamics AX. Which of the following would have fewer steps for the accounts payable coordinator to select these invoices for payment?

How does one unsettle a settled Vendor invoice?

What is the purpose of the period parameter field on the Method of Payments?

Which of the following happens when using the Generate payment function from the Payment journal in Accounts payable?

Your organization has just decided to add an additional Accounts Payable clerk for the purposes of entering accounts payable invoices into the system. The new clerk is not familiar with the procedure and coding requirements of your organization. You want the new clerk to just record the invoices without entering the distribution. The experienced clerk will approve and establish the distribution for the invoices. Which journal should the new clerk use?