MB6-893 - Microsoft Dynamics AX Financials Exam

Code: MB6-893
Price:

MB6-893 Microsoft Dynamics AX Financials Exam

Exam Prerequisites

Dynamics 365 - AX Financials Boot Camp

Target Audience

This exam is intended for partners that plan to implement, use, maintain, or support Microsoft Dynamics AX in their or their customers’ organizations. They should have a moderate understanding of Finance processes, but they are most likely not experts. They need an understanding of what AX functionalities apply to the different finance processes. This audience typically includes Microsoft Dynamics AX Partner staff, such as Solution Architects, Functional Consultants, and Project Managers. This exam is also appropriate for sales staff who have a business software solution background and want to demonstrate foundational understanding of the Microsoft Dynamics AX application. 

Exam Specifics

Skills being measured

This certification exam measures a candidate’s ability to understand and articulate how to use, maintain, and support the financials modules in Microsoft Dynamics AX. These modules include: General Ledger. Cash and Bank Management, Budgeting, Accounts Receivable, Accounts Payable, and Fixed Assets. 

Time requirements

Microsoft Dynamics exam times typically range between 60 -- 160 minutes.  Note that this time does not include any additional time required for validating your identification, reviewing instructions, providing comments, and calculating your score.

Microsoft Dynamics exams typically contain between 40 – 75 questions

Multiple Choice and Multiple Answer questions

Registration:

Register for Exam MB6-893 Microsoft Dynamics AX Financials

Exam Topics

Set up and Configure the Finance Modules  (15% - 20%)

Set up and Configure the Finance Modules

This objective may include but is not limited to: Defining Currency and Exchange rates; Define and create the Chart of Accounts and Account Structures; Setup Fiscal Calendars, Years, and Periods; Create and define financial dimensions and financial dimension sets; Create period allocations; Set up journals; Define the General ledger parameters

Format the Cash and Bank Management Module

This objective may include but is not limited to: Define bank transaction types and transaction groups; Set up bank groups, Create Bank Accounts, Define the Cash and bank management parameters

Understand the Accounts Receivable Module 

This objective may include but is not limited to: Defining customer posting profiles; Setting up Customer payment information; Creating customers; Defining the Accounts receivable parameters; Defining an organizational structure for centralized payments

Define the Accounts Payable Module 

This objective may include but is not limited to: Defining vendor posting profiles, setting up vendor payment information, define invoice matching; Creating vendors, setting up vendor 1099 information, defining the account payable parameters; Defining an organizational structure for centralized payments

Set Up and Configure the Fixed Assets Module 

This objective may include but is not limited to: Defining depreciation methods and conventions; Setup depreciation profiles and books; Setup value models; Define Fixed Asset parameters; Creating Fixed assets; Setting up and assigning bar codes to assets; Lending fixed assets

 

Set up, Configure, and Process Sales Tax  (15% - 20%)

Define Sales Tax Setup Procedures

This objective may include but is not limited to: Defining Ledger posting groups; Creating sales tax codes; create sales and item tax groups; Define sales tax authorities; Define withholding tax

Understand Sales Tax Transactions

This objective may include but is not limited to: How to revise sales tax prior to posting a transaction; Posting sales tax on prepayments; Creating transactions with conditional sales tax

 

Set up Basic Budgeting and Budget Planning  (10% - 15%)

Understand Budgeting Concepts and Types

This objective may include but is not limited to: Defining budget concepts; Discuss different budget types

Setup and Configure the Budgeting Module

This objective may include but is not limited to: Define and setup the different budget configurations; Define the Budget Parameters

Define and Generate Budget Plans

This objective may include but is not limited to: Define Budget planning configuration; Create budget plans; Process budget plans; Modify budget plans in Excel

 

Create Budget Register Entries (15% - 20%)

Process Budget Register Entries

This objective may include but is not limited to: Transferring budget balances; Defining budget allocations; Updating budget register entries in Excel; Creating budget register entries

Process Register Entries from Budget plans

This objective may include but is not limited to: Creating budget register entries from budget plans

 

Manage Financial Daily Procedures (20% - 25%)

Review and Process General Ledger Daily Procedures 

This objective may include but is not limited to: Create voucher templates; Process periodic journals; Process period allocations; Create and process accrual schemes; Reverse a transaction; Create reversing entries

Process and Understand Cash and Bank Management Daily Procedures

This objective may include but is not limited to: Create and delete checks; Void a check and create payment reversals; Create and cancel deposit slips; Reconcile bank accounts

Create and Process Accounts Receivable Daily Procedures

This objective may include but is no limited to: Create free text invoices; Process prepayments; Create payment journals; Reverse Settlements; Reimburse a customer

Review and Process Accounts Payable Daily Procedures

This objective may include but is not limited to: Define and create different types of invoice journals; Manage vendor invoices; Process prepayments; Create payment journals

Review and Process Fixed Asset Daily Procedures 

This objective may include but is no limited to: Define transaction types available; Process acquisitions through the general ledger and purchasing modules; Process depreciations; Process disposals; Process value adjustments, Review fixed asset information

 

Set up and Use Collections Management and Consolidations (10% - 15%)

Configure Collections settings 

This objective may include but is no limited to: Setting up and processing collection letters; Setup and calculate interest; Process interest adjustments; Setup customer pools and aging period definitions 

Manage collections information 

This objective may include but is not limited to: Reviewing aging snapshots; Processing customer statements; Creating write-off transactions; Adding activities to transactions through the collections screen

Define Consolidations settings

This objective may include but is not limited to: Set up and define a consolidation company; add consolidation information to main accounts

Exam Preparation Tools

In addition to your hands-on experience working with Microsoft Dynamics AX, we highly recommend using the following tools and training to help you prepare for this exam:

Supplemental learning resources

TechNet; MSDN; Dynamics AX wiki maintained by the Microsoft AX community; Courses on Currency and Exchange Rates in Microsoft Dynamics AX and Sales Order Invoicing in Microsoft Dynamics AX  

Additional skills recommended

Previous application experience in AX2012, AX2009, and AX4.0 will aid in understanding concepts; Prior knowledge of Management Reporter

Guaranteed to Run

2018-03-07 09:00 to 2018-03-09 17:00
Fort Lauderdale, Florida (Virtual Instructor-Led)
2018-02-12 09:00 to 2018-02-16 17:00
Attend Online
2018-02-12 09:00 to 2018-02-16 17:00
Secaucus, New Jersey (Virtual Instructor-Led)
2018-02-09
09:00 to 17:00
Newark, New Jersey (Virtual Instructor-Led)
2018-01-29 09:00 to 2018-02-02 17:00
Attend Online
2018-01-25 09:00 to 2018-01-26 17:00
Fort Lauderdale, Florida (Virtual Instructor-Led)

Course Reviews

No reviews found for this course.

Be the first to write a review