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Microsoft Dynamics AX 2012 Public Sector

Question No: 21

In Microsoft Dynamics AX 2012, you need to configure budget control on an apportionment budget that will fund over several periods. You need to ensure that only a specific amount of money is released for expenditures until the original budget is finalized. Which apportionment option or options should you select?

  1. Use only apportioned amount and Include carry-forward amounts

  2. Include carry-forward amounts and Amounts to Sum-original budget and preliminary budget

  3. Use only apportioned amount only

  4. Use only apportioned amount and Amounts to Sum – preliminary budget and budget revisions

Answer: C

Explanation: Ref:http://technet.microsoft.com/en-us/library/hh208519.aspx

Question No: 22

Which of the following statements about government identification numbers (GINs) are true? (Each correct answer presents a complete solution. Choose two,)

  1. A GIN Generates a debit write-off of non-federal accounts receivables.

  2. A GIN helps track an agency accounting location.

  3. You can assign a GIN only to a customer with a country designation of US.

  4. The GIN assigned to each customer must be unique.

Answer: C,D

Question No: 23

You are creating a fund account in Microsoft Dynamics AX 2012. Which of the following statements about fund accounting is true?

  1. Fund accounting requires the use of date intervals.

  2. Fund accounting requires the use of currency and exchange rates.

  3. Fund accounting requires the use of the fund dimension within the account number.

  4. Fund accounting requires the use of period allocations.

Answer: C

Explanation: Ref:http://msdn.microsoft.com/en-us/library/hh208594.aspx

Question No: 24

Which Role Center in Microsoft Dynamics AX 2012 provides access to key tasks, activities, and data related to the financial performance of an organization?

  1. Finance Director Role Center

  2. Accounting Manager Role Center

  3. Controller Role Center

  4. Accountant Role Center

Answer: D

Explanation: Ref:http://pargesoft.wordpress.com/2010/08/26/role-center-reference-for- microsoft-dynamics-ax/

Question No: 25

When creating an account structure, what is the purpose of defining constraints?

  1. To specify the possible range of account values in a segment.

  2. To specify the information that should appear in government reports and in financial reports.

  3. To specify which combinations of segments are valid.

  4. To specify which segments should be created.

Answer: C

Question No: 26

You plan to record commitments for purchase orders and purchase requisitions in Microsoft Dynamics AX 2012. What must you do first to enable commitment accounting?

  1. Create control accounts for pre-encumbrance and encumbrance postings.

  2. Enable pre-encumbrance and encumbrance processing.

  3. Create a budget reservation type for pre-encumbrance and encumbrance postings.

  4. Enable posting definitions for pre-encumbrance and encumbrance processing.

Answer: B

Question No: 27

You are analyzing a budget in Microsoft Dynamics AX 2012.

You need to report costs from October through December, using a financial dimension focus.

Which report should you use?

  1. Budget details

  2. Budget funds available

  3. Budget control activity by project

  4. Budget control account detail history

Answer: D

Explanation: Ref:http://technet.microsoft.com/en-us/library/hh334480.aspx

Question No: 28

You are ready to bill for expenses to a project that uses funding from a grant.

Which transition phase must the grant reflect in order to apply the grant funds to a project?

  1. Entered

  2. Awarded

  3. Active

  4. Submitted

Answer: B

Explanation: Ref:http://technet.microsoft.com/en-us/query/hh242883

Question No: 29

Which of the following items must be set up prior to the entry of Original budget amounts?

  1. budget model

  2. budget control

  3. budget account entry comment

  4. reason codes

Answer: A

Question No: 30

Before setting up advanced ledger entries, which of the following tasks must you perform?

  1. Set up workflows

  2. Set up projects

  3. Set up posting definitions

  4. Set up budget control

Answer: C Explanation:

Ref:http://technet.microsoft.com/en-us/library/hh208561.aspx

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