NEW QUESTION NO: 6
You are an accounting manager. Your company has a new customer. A ledger account must be set up to record the sales tax liability and payments made to the taxing authority in the customer's specific region automatically.
Which two account groups should you choose for these ledger accounts? Each correct answer presents part of the solution.
A. sales-tax payable
B. sales-tax receivable
C. settlement account
D. use-tax payable
Answer: B,C

NEW QUESTION NO: 7
Your company is considering tracking budgets by Account, Department, and Cost Center dimensions.
There is a requirement to prevent exceeding the budgeted amounts for each Department but not for each Cost Center.
Which three actions must be performed to allow budget control for Account and Departments, and basic budgeting by Account, Department, and Cost Center, before budget control is enabled? Each correct answer presents part of the solution.
A. Select only "MainAccount" and "Department" as budgeting dimensions.
B. Select the main accounts for budget control.
C. Select only "MainAccount" and "Department" as budget control dimensions.
D. Select only "Department" as a budget control dimension.
E. Select only "MainAccount", "Department", and "CostCenter" as budgeting dimensions.
Answer: B,D,E
Explanation/Reference:
References:
https://technet.microsoft.com/en-us/library/hh242453.aspx

NEW QUESTION NO: 8
You are setting up an allocation rules and distributing amounts based on revenue dollars.
You need to share the cost of corporate advertising expenses across all departments and base each department's sales in proportion to the total sales of all departments.
Which allocation should you choose?
A. Fixed Percentage
B. Equally
C. Fixed Weight
D. Basis
Answer: D
Explanation/Reference:
References:
https://technet.microsoft.com/en-us/library/ff395364.aspx

NEW QUESTION NO: 9
You are creating a parent budget plan that will consist of budget amounts for all departments.
You then need to create associate budget plans and link them to the parent budget.
Before you can create the associate budget plans, which two steps must be completed? Each correct answer presents part of the solution.
A. The individual preparing the budget plan needs appropriate permissions to create an associate budget plan.
B. The budget organization hierarchy must have at least two levels.
C. The budget planning process that you select must be set up for associated budget plans.
D. The budget plan priority must be selected on the budget plan creation.
Answer: A,B

NEW QUESTION NO: 10
You are a credit manager.
You want to set up a process in your system to send customers a notification of their balances due if the balance fails to clear within the due date. You also need to apply additional fees to charge the customer on the balance due as per your company policies.
What should you do?
A. Generate a report for customer transactions.
B. Generate a collection letter note.
C. Generate a customer accounts statement.
D. Generate an internal accounts statement.
Answer: B

NEW QUESTION NO: 11
When generating a bank statement report, you notice entries for Received checks and Issued checks.
These entries are all unidentified.
You want to identify the checks' transactions simultaneously by using the bank statement report.
Where should you define the default accounts for bank transactions of unidentified checks?
A. on the Reconciliation rules form
B. on the Bank transaction types form
C. on the Bank accounts form
D. on the Bank transaction groups form
Answer: B
Explanation/Reference:
References:
https://technet.microsoft.com/en-us/library/aa619635.aspx

NEW QUESTION NO: 12
You want a 2% bank charge to appear by default on all electronic methods of payment.
What do you need to set up and then link to the method of payment?
A. terms of payment
B. payment control
C. payment specification
D. payment fee
Answer: D

NEW QUESTION NO: 13
You are the director of finance.
You are starting to create budgets for the fiscal year and want to generate budget plans from source information.
Which three options can you choose from in Microsoft Dynamics AX Financials? Each correct answer presents a complete solution.
A. Generate budget plan from general ledger.
B. Generate budget plan from fixed assets.
C. Generate budget plan from forecast positions.
D. Generate budget plan from yearly sales.
E. Generate budget plan from yearly purchases.
Answer: A,B,C
Explanation/Reference:
References:
https://technet.microsoft.com/en-us/library/jj677325.aspx

NEW QUESTION NO: 14
You are an account manager. At the end of each month when you close an account, you are required to make the same entry with the same account numbers and currency amounts.
You want to make the process quicker so that each month you process the journal and post it with the appropriate accounting date.
What should you create?
A. Voucher template
B. Ledger accruals
C. Periodic journal
D. Ledger allocation rules
Answer: A
Explanation/Reference:

NEW QUESTION NO: 15
You are the accounts payable manager in a European subsidiary of your company.
Your company purchases goods from a vendor that is not located in Europe. The vendor did not charge sales tax on the invoice, but the customs office sends an invoice because the goods crossed the border and the company declared them at customs.
What should you do?
A. Report sales tax exemption on the imported goods.
B. Report conditional sales tax on the imported goods.
C. Report sales tax on the imported goods.
D. Report withholding sales tax on the imported goods.
Answer: C

NEW QUESTION NO: 16
You are an accounts payable manager.
You receive a rent invoice from a vendor for the next quarter. The total amount of the invoice is 300 USD.
If you directly enter the amount, all of the charges will be allocated for the same period. However, you want to post the invoice in each appropriate period.
What should you create?
A. Voucher template
B. Periodic journal
C. Ledger allocation rules
D. Ledger accruals
Answer: D
Explanation/Reference:
References:
https://ax.help.dynamics.com/en/wiki/accruals-overview/