Microsoft MB6-871 : Microsoft Dynamics AX 2012 Financials

  • Exam Code: MB6-871
  • Exam Name: Microsoft Dynamics AX 2012 Financials
  • Updated: Aug 30, 2026
  • Q & A: 77 Questions and Answers

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Microsoft MB6-871 Exam Syllabus Topics:

SectionWeightObjectives
Manage Financials I36%- Cash and Bank Management
  • 1. Bank accounts setup
    • 2. Reconciliation processes
      - Accounts Payable
      • 1. Vendor setup
        • 2. Invoice and payment processing
          - Set up and manage General Ledger
          • 1. Daily General Ledger procedures
            • 2. Journal setup and processing
              • 3. Chart of accounts configuration
                - Sales tax configuration and management
                - Accounts Receivable
                • 1. Sales order and collection processing
                  • 2. Customer setup
                    Manage Financials II33%- Financial Consolidations
                    - Budgeting and Cash Flow Management
                    • 1. Cash flow forecasting
                      • 2. Budget setup and control
                        • 3. Commitment accounting
                          - Advanced Payment and Settlement
                          - Year-end Close and Financial Reporting
                          • 1. Financial statement generation
                            • 2. Closing procedures
                              - Multicurrency and Intercompany Accounting
                              Manage Fixed Assets31%- Depreciation and Adjustment Transactions
                              - Fixed Asset Reporting
                              - Fixed Assets Setup
                              • 1. Asset groups and parameters
                                • 2. Depreciation books and profiles
                                  - Asset Acquisition and Disposal

                                  Microsoft Dynamics AX 2012 Financials Sample Questions:

                                  Question 1

                                  In Microsoft Dynamics AX 2012, which of the following can you analyze by using the Dimension statement? (Choose all that apply.)

                                  A. cash flow forecast transactions
                                  B. customer balances
                                  C. budget transactions
                                  D. vendor balances
                                  E. General Ledger transactions


                                  Question 2

                                  In Microsoft Dynamics AX 2012, which additional user interface element exists when a workflow approval is set up for a journal?

                                  A. A green arrow to start the workflow.
                                  B. A Justify button in the action pane.
                                  C. A Validate button in the action pane.
                                  D. A yellow information bar.


                                  Question 3

                                  Which of the following statements about financial workflows in Microsoft Dynamics AX 2012 is true?

                                  A. A workflow configuration is based on a workflow style.
                                  B. A workflow configuration is based on a workflow type.
                                  C. Within each workflow configuration, all approval nodes are used.
                                  D. There is one workflow type for each module.


                                  Question 4

                                  You need to enable sales tax calculation in Microsoft Dynamics AX 2012. Which of the following must you set up?

                                  A. the sales tax authorities that are attached to the vendor
                                  B. the item sales tax group that is attached to the customer, vendor, and item
                                  C. the sales tax code for the sales tax groups
                                  D. the ledger posting group that is attached to the sales tax groups


                                  Question 5

                                  In Microsoft Dynamics AX 2012, where can you review value models that are linked to a fixed asset?

                                  A. In the Fixed asset posting profile form.
                                  B. In the corresponding main account.
                                  C. In the Fixed asset parameters form.
                                  D. In the Fixed asset group form.


                                  Solutions:

                                  Question 1
                                  Answer: B,C,E
                                  Question 2
                                  Answer: D
                                  Question 3
                                  Answer: B
                                  Question 4
                                  Answer: C
                                  Question 5
                                  Answer: D

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