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Microsoft Dynamics AX 2012 Financials : MB6-871 Exam

MB6-871 Exam Questions
  • Exam Code: MB6-871
  • Exam Name: Microsoft Dynamics AX 2012 Financials
  • Updated: Sep 13, 2026
  • Q & A: 77 Questions and Answers
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Microsoft MB6-871 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cash and Bank Management- Cash flow management
- Bank account setup and reconciliation
Topic 2: System Setup and Configuration- Financial module configuration
- Posting profiles and parameters
Topic 3: Accounts Receivable- Customer management and setup
- Credit management and collections
- Invoicing and cash application
Topic 4: Budgeting and Financial Control- Budget creation and maintenance
- Budget control and variance analysis
Topic 5: Fixed Assets- Asset acquisition and capitalization
- Depreciation and disposal processes
Topic 6: Financial Reporting- Standard financial statements
- Custom report generation
Topic 7: Accounts Payable- Aging and settlement processes
- Vendor management and setup
- Invoice processing and payments
Topic 8: General Ledger- Journal processing and posting
- Financial period closing and reporting
- Chart of accounts setup and management

Microsoft Dynamics AX 2012 Financials Sample Questions:

Question #1

You need to enable sales tax calculation in Microsoft Dynamics AX 2012. Which of the following must you set up?

  • A. the sales tax authorities that are attached to the vendor
  • B. the sales tax code for the sales tax groups
  • C. the item sales tax group that is attached to the customer, vendor, and item
  • D. the ledger posting group that is attached to the sales tax groups
Answer: B
Question #2

Your company plans to charge interest on customer overdue payments. You set up the required interest codes in Microsoft Dynamics AX 2012. What is the next step?

  • A. Apply the interest codes to the customer master.
  • B. Apply the interest codes to customer posting profiles.
  • C. Apply the interest codes to customer parameters.
  • D. Apply the interest codes to customer groups.
Answer: B
Question #3

In Microsoft Dynamics AX 2012, which of the following statements about depreciation for assets that have not yet been acquired is true? (Choose all that apply.)

  • A. You can post depreciation for the assets by using depreciation proposals.
  • B. You can post depreciation for the assets by using the depreciation books journal.
  • C. You can generate depreciation for the assets by using depreciation proposals and specifying a future posting date.
  • D. You cannot post depreciation for the assets.
Answer: C,D
Question #4

In Microsoft Dynamics AX 2012, which fixed asset transaction can you process in the Free text invoice form?

  • A. Acquisition
  • B. Disposal sale
  • C. Disposal scrap
  • D. Acquisition adjustment
Answer: B
Question #5

Which of the following actions can you perform when defining the fiscal yearend close parameters in Microsoft Dynamics AX 2012?

  • A. Delete close-of-year transactions during transfer.
  • B. Set the Main accounts to the default value for the new fiscal year.
  • C. Set the period status to current for new fiscal periods.
  • D. Create an opening balance for the new fiscal year.
Answer: A

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