Q1. 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 specification

C. payment fee

D. payment control

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Q2. 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 complete?

Each correct answer presents part of the solution.

A. The budget plan priority must be selected on the budget plan creation.

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 individual preparing the budget plan needs appropriate permissions to create an associate budget plan.

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Q3. You are the finance manager at your company, and you are configuring the bank module. Your primary concern is reviewing processes before posting.

Aside from workflow, which two processes are in the cash and bank parameters for an un- posted journal to be created before posting? Each correct answer presents a complete solution.

A. intercompany transfers

B. electronic payments

C. deposit slip cancellations

D. check reversals

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Q4. Your company has decided to add five new vendors for purchasing and you are responsible for confi-guring the vendors in the new system.

You want to group vendors by some specific values that are shared across multiple vendors and you have indentified vender groups on the vendor group from, which two specific values can be defined? Each correct answer presents a complete solution.

A. Terms of payment

B. aging periods

C. matching policy

D. default tax group

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Q5. Your company creates a bank account for U.S. payroll disbursements.

You need to configure the new bank account in Microsoft Dynamics AX Financials and configure the check layout. You notice the date is printing in DD-MM-YYYY format, and you are not able to change the date format on the check layout form.

What determines the format of the date?

A. bank group on the bank groups form

B. check form setting on the check layout form

C. bank on the bank account form

D. vendor on the vendor form

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Q6. A financial controller wants to match the total amounts on an invoice to the total amounts on a pur-chase order. Which type of matching should the controller use?

B. Not required

C. Charges matching

D. Three-way matching

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Q7. 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 Accounts and Department, and basic budgeting by Account, Departments, 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.

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Q8. You are creating a budget register entry. You notice that a manual budget reservation will

exceed the budget.

What should you do within the budget register entry to satisfy the over-budget condition?

A. enter recurrence

B. transfer balances

C. allocate across periods

D. allocate across dimensions

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