Pass4side Microsoft MB6-507 exam -1

Microsoft Dynamics AX 4.0 Financials
Updated: 2008-10-5
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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 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. Set up a default exchange rate in the General Ledger parameters on the Consolidation tab.
B. Enter an exchange rate with no date on the exchange rate tab of the currency.
C. Enter an amount in the Monetary field on the currency and check the Monetary checkbox on the ledger
account.
D. This can not be done.
Answer: C

3. 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?
A. Update the general ledger parameters based on the controllers requirements.
B. Create a journal control record for the journal names being used in the general journal.
C. Create new dimension sets, hierarchies and rules based on the controllers requirements.
D. Create an accounts payable invoice approval journal and have the controller review the departments.
Answer: C

4. Which of the following happens to the transactions if you delete a period in which transactions are posted?
A. All transactions in the deleted period disappear.
B. All transactions in the period are accumulated into one.
C. Nothing.
D. You are not allowed to delete a period in Dynamics AX.
Answer: C

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 exchange rate must be specified manually.
Answer: A