Microsoft Dynamics AX 2012 Financials

Code: MB6-871

Exam MB6-871 - Microsoft Dynamics AX 2012 Financials

Skills measured

This exam measures your ability to accomplish the technical tasks listed below. The percentages indicate the relative weight of each major topic area on the exam. The higher the percentage, the more questions you are likely to see on that content area on the exam.

Please note that the questions may test on, but will not be limited to, the topics described in the bulleted text.

Manage financials I (36%)

  • Set up and manage General Ledgers, a chart of accounts, and journals
    • Set up currency and exchange rates, create fiscal calendar and shared fiscal calendar groups, create date intervals, create financial dimensions and dimension sets, post profiles and multiple accounts, manage period allocations, identify main account types, set up an advanced chart of accounts, create system accounts, create journal texts
  • Manage General Ledger daily procedures
    • Create a General Ledger journal, post multiple journals, approve journals, create a voucher template, create a periodic journal, create and apply an accrual scheme, reverse a General Ledger transaction, reverse an entry, manage journal transaction inquiries and reports
  • Manage sales tax
    • Create a ledger posting group, create a sales tax authority, create a sales tax settlement period, create a sales tax code, create a sales tax group, set up a sales tax jurisdiction
  • Manage financial features
    • Manage sales tax transactions, manage sales tax exemptions, withhold sales tax, manage reason codes, use the Fill utility, establish interest terms and date ranges, manage post-dated checks
  • Set up cash and bank management and procedures
    • Create bank transaction types and groups; define bank parameters; create payment purpose codes, bank groups, and bank accounts; define check layout; manage checks, deposit slips, bank remittance, and payment reversal; reconcile a bank account; print non-negotiable checks; create non-negotiable copies of checks; establish an account for a specified period
  • Set up and manage Accounts Payable and Accounts Receivable
    • Manage payment schedules and terms; create a payment day; manage cash discounts and payment fees; create payment methods; create customers and vendor groups; manage an invoice register and invoice approval journals; manage invoice pools, excluding posting; manage vendor invoices and payment journals; set up print management; create posting profiles
  • Manage Accounts Payable and Accounts Receivable procedures
    • Manage free text invoices, manage payment journals, edit open transactions, reverse settlements, reverse closed transactions, reimburse customers, reason codes, manage invoice matching, create an invoice journal and voucher templates

Manage financials II (33%)

  • Manage budgeting, commitment accounting, and cash flow
    • Set up, create, and revise budgets; apply budget controls; manage budget reporting; manage integrated budgeting; upgrade from ledger budgets; manage purchase order encumbrances; process year-end purchase orders; set up cash flow forecasting; define a cash flow forecast budget model; create and calculate cash flow transactions
  • Manage multicurrency and intercompany accounting
    • Set up exchange rate profit and loss accounts, manage exchange rate adjustments, manage Accounts Payable and Accounts Receivable exchange rate adjustments, set up intercompany posting, post intercompany transactions, trace an intercompany entry
  • Manage advanced payments
    • Bridge accounts, manage electronic vendor payments, manage electronic customer payments, manage centralized payments, manage prepayments (deposits), administer a bill of exchange, clear payments
  • Manage consolidations
    • Set up a consolidation company, set up a subsidiary company, perform a consolidation, manage consolidation inquiries, view and delete consolidation transactions, manage intercompany eliminations
  • Manage collections
    • Manage customer account statements, set up and process collection letters, set up interest codes, calculate interest, manage collections and collection agents
  • Manage financial workflows and year-end close
    • Define workflow elements, set up and manage workflows, create a new fiscal year, control transactions in a closing period, create and post a closing sheet, post net income to multiple dimensions, transfer opening balances
  • Manage financial statements
    • Define financial statement rows and columns, print a financial statement, create and print a dimension statement, manage Extensible Business Reporting Language (XBRL) taxonomy, create an XBRL file from a financial statement

Manage Fixed Assets (31%)

  • Manage setup procedures
    • Set up a system for Fixed Assets, set up the Fixed Assets module, manage parameters, manage reason codes in the Fixed Assets module, manage depreciation methods and conventions, manage depreciation books, manage provision types and bonus depreciation, update depreciation conventions for a depreciation book
  • Set up assets
    • Manage Fixed Asset forms, set up assets in the Fixed Assets module, lend assets, assign bar codes to assets, budget assets, integrate project modules to Fixed Assets
  • Manage asset transactions
    • Identify typical Fixed Asset transaction types; create and acquire fixed assets from purchase orders; record depreciation, value adjustments, and disposals; manage transaction reversals; manage replacement cost and update insured value; copy Fixed Assets and change Fixed Asset groups; manage Fixed Asset additions

Guaranteed to Run

2017-08-21 09:00 to 2017-08-25 17:00
Attend Online
2017-08-21 09:00 to 2017-08-25 17:00
Palm Beach County Florida (Instructor-Led)
2017-08-17
09:00 to 17:00
Mid-Town New York City (Instructor-Led)
2017-08-16 09:00 to 2017-08-18 17:00
Attend Online

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