17. 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?
A. Transfer/No
B. Reset
C. Closing/Opening
D. None
Answer: B
18. Your company wants to create a financial statement that compares actual results to budget. How do […]

13. Your company wants to defer the cost of their insurance policies throughout the year to recognize the
insurance policy costs every month. Which of the following describes how to accomplish this in Dynamics AX?
A. Enter an accounts payable invoice journal and payment journal at the beginning of the year.
B. Enter an accounts receivable invoice journal […]

9. At what stage can a check number be deleted from the Bank module?
A. When the check status is Cancelled.
B. When the check status is Created.
C. At any stage in the payment process.
D. When the check status is Void.
Answer: B
10. Given the following information, which of the following happens when Invoice 1 is settled?
Date Text […]

5. 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?
A. 390
B. 400
C. 395 (the average of the two rates)
D. The […]

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?
A. Dimension proposal
B. Dimension planning
C. It can not be done
D. Dimension set hierarchy
Answer: D
2. One of the companies you are consolidating does business […]