pass4sure microsoft MB6-203 v2.73

Axapta 3.0 Financials : MB6-203 Exam

Exam Number/Code: MB6-203
Exam Name: Axapta 3.0 Financials
VUE Code: AX 30-203
Questions Type: Multiple choice,
Real Exam Question Numbers: 60 questions
Passing Scores: 70%
Exam Language(s): English Dutch Estonian Finnish rench Hungarian Italian Latvian Lithuanian Norwegian Spanish Swedish

“Axapta 3.0 Financials”, also known as MB6-203 exam, is a Microsoft certification.
Preparing for the MB6-203 exam? Searching MB6-203 Test Questions, MB6-203 Practice Exam, MB6-203 Dumps?

With the complete collection of questions and answers, Pass4sure has assembled to take you through 194 questions to your MB6-203 Exam preparation. In the MB6-203 exam resources, you will cover every field and category in Microsoft Business Solutions helping to ready you for your successful Microsoft Certification.
Exam topics covered
The following list includes the topic areas covered on this exam. The percentage indicates the portion of the exam that addresses a particular skill.

• General Ledger (29 percent)
Setup of Ledger Accounts Plus Chart of Account Functionality
Creation and Use of Financial Dimensions
Utilize Controls in the Chart of Account
Configuration and Use of Financial Statements and Financial Statement Rows
Set Up and Use Budget Models, Submodels, Allocation Keys, and Parameters
Set Up and Use General Journal, Including Bridging Postings and Journal Approval
Setup and Purpose of Sales Tax Codes and Item Sales Tax Groups (know how sales tax is specified and calculated, and where terms of payment are specified, and tax payments)
Run Cash Flow Forecast
Set Up Bank Management
Setup and Creation of Checks
Understand and Use the Reconciliation Process
Set Up a Company’s Base Currency and Secondary Currency, and Use the Currency Converter
Setup and Posting of Exchange Rate Differences, and Exchange Adjustment

• Accounts Receivable (22 percent)
Set Up Parameter Options for Accounts Receivable and Customer Setup
Set Up and Use Posting Profiles
Know the Purpose of Free Text Invoice Journal and Differences Between Free Text and Sales Order Invoices
Run Customer Reconciliation
Configuration and Execution of Collection Letters and Interest Calculations
Payment Journal Differences Between Accounts Receivable and General Ledger
Understand the Accounts Receivable Automatic Settlement Process
Know the Mechanics for Making Exchange Adjustments in Accounts Receivable
Set Up Payment Schedules
Print Deposit Slips from Accounts Receivable
Purpose of Customer Groups
Setup of Additional Parameters Used for Invoicing
Prepayment

• Account Payable (20 percent)
Set Up Posting Profiles and Parameters in Accounts Payable, and Vendor Setup
Invoice Receipt, Registration, and Approval
Configuration of Payments, Including Terms of Payment, Bridging, Cash Discounts, Payment Schedules, and Methods of Payments
Use the Audit Trail Functions
Run Vendor Reconciliation
Execute Vendor Invoice Registration and Approval
Understand the Accounts Payable Automatic Settlement Process
Vendor Invoice Posting
Reverse Closed Transactions
Calculate Cash Discounts
Set Up Method of Payment
Generate Payments

• Advanced Ledger (18 percent)
Set Up Inter-company Accounting and Transactions
Set Up, Print, and Troubleshoot Financial Statements
Set Up Consolidation Company
Set Up and Control Number Sequences
Perform the Fiscal Year-End Close
Setup and Use of System Accounts
Setup of Fiscal Periods
Bill of Exchange or XBRL?

• Fixed Assets (11 percent)
Setup and Creation of Fixed Assets
Acquisition of Fixed Assets
Posting Principles of Fixed Assets
Set Up and Use the Different Depreciation Methods
Create New Tangible Asset
Use Fixed Asset Budgets
Set Up Derived Value Models
Fixed Asset Consumption Registration

Audience profile
Individuals who want to obtain a certification on Microsoft Business Solutions – Axapta (now Microsoft Dynamics AX) 3.0 Financials should take this exam.

Credit toward certification
When you pass this exam, you earn credit toward the following certifications:

• Microsoft Certified Business Management Solutions Specialist

Preparation tools and resources
In addition to your hands-on experience working with the product, we highly recommend that you use the following tools and training to help you prepare for this exam.

E-Learning courses for this exam

• Collection 8329: Introduction to Microsoft Dynamics AX 3.0
• Collection 8330: Financial Series I in Microsoft Dynamics AX 3.0
• Collection 8331: Financial Series II in Microsoft Dynamics AX 3.0
• Collection 8354: Fixed Assets in Microsoft Dynamics AX 3.0

Training materials for this exam

Training materials for Microsoft Dynamics can be ordered through your local partner.

• Microsoft Business Solutions – Axapta 3.0 Introduction

• Microsoft Business Solutions – Axapta 3.0 Financial Series I

• Microsoft Business Solutions – Axapta 3.0 Financial Series II

• Microsoft Business Solutions – Axapta 3.0 Fixed Assets

Classroom training for this exam

• Course 8329: Microsoft Business Solutions – Axapta Introduction
• Course 8330: Financial Series I – Microsoft Business Solutions – Axapta
• Course 8331: Financial Series II – Microsoft Business Solutions – Axapta
• Course 8354: Microsoft Business Solutions – Axapta Fixed Assets

Supplemental learning resources

• General ledger, accounts receivable, accounts payable, inventory management, master planning, and production

• Basic online Help within the Microsoft Dynamics AX 3.0 product

Additional skills recommended

• General working knowledge of general ledger, accounts receivable, accounts payable, and fixed assets functionality of Microsoft Dynamics AX 3.0

Microsoft online resources

• MSDN: The Microsoft Developer Network (MSDN) is a reference for developers that features code samples, technical articles, newsgroups, chats, and more.

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• Training and certification newsgroups: There is a newsgroup for every Microsoft certification. By participating in the ongoing dialogue, you take advantage of a unique opportunity to exchange ideas with and ask questions of others, including more than 750 Microsoft Most Valuable Professionals (MVPs) worldwide.

Skills being measured
This certification exam measures your ability to do the following:

• Understand and articulate how to set up and use the financials modules in Microsoft Dynamics AX 3.0, including general ledger, accounts receivable, accounts payable, and fixed assets.

Exam specifics
Time requirements and questions

• 90 minutes to complete the exam

• 60 questions, with a passing rate of 70 percent

• Multiple choice and multiple answer questions

Registration

• Register now (Prometric.com)

Note This preparation guide is subject to change at any time without prior notice and at the sole discretion of Microsoft. Microsoft exams might include adaptive testing technology and simulation items. Microsoft does not identify the format in which exams are presented. Please use this preparation guide to prepare for the exam, regardless of its format. Please contact MBS-Cert@microsoft.com with any certification or training-related questions.

Microsoft MB6-203

Axapta 3.0 Financials

Q&A DEMO

1. Where does one specify a company’s base currency?
A. The System Parameters form
B. The Company information form
C. The Foreign trade parameters form
D. The Exchange rate form

Answer: B

2. Which of the following can Financial Dimensions be used for?
A. Management of the company’s on-hand inventory per department.
B. Making financial statements for the legal entities comprised in the same Axapta company.
C. Making financial statements of the company’s results per cost center or another dimension.
D. Management of the employees’ connection to the different departments of the company. Answer: C

3. b
Which of the following best describes the purpose of free text invoices?
A. Makes it possible to specify the item number on invoices and post to the General Ledger. B. Makes it possible to create an invoice without an item number.
C. Makes it possible to create a customized invoice with free text for automated shipping information.
D. Makes it possible to create an invoice with no payment specifications. Answer: B

4. Your company has decided to use an invoice approvalprocess. You have activated Approvals in the Journal Name and selected the approving group. When entering an invoice, how does the person entering signal that this invoice is ready for approval?
A. Record the name of the person entering in the Report as ready by field. B. Put a check mark in the Approved by field.
C. Select the Validate button on the Journal voucher window. D. Select Report as ready from the Approval button.

Answer: D

5. Your company wants to create a financial statement that compares actual results to budget. How do you set this up in Axapta?
A. You cannot. It is impossible to pull budgeted numbers into a financial statement.
B. Create a column with a column type of Budget and choose the appropriate budget model on the

TestInside MB6-203

Transactions tab.
C. Create a column with a column type of Current and choose the appropriate budget model on the
Transactions tab.
D. Choose a default budget model in the General Ledger parameters. Answer: B

6. What is a reason to specify the search name on the ledger account? A. To be an identifier printed on all reports.
B. To help structure the organization of the financial statement. C. To provide the ability to create sub-models in the budget.
D. To provide the account number in a journal when you enter the search name. Answer: D

7. In a General journal, what is the purpose of selecting the Fixed rate check box on the Setup tab page?
A. To avoid using triangulation on the journal lines.
B. To make exchange rate mandatory on the journal lines. C. To specify a default exchange rate on the journal lines.
D. To set the fixed exchange rate used when making consolidations. Answer: C

8. How can transaction text be easily entered in the General journal? A. By right-clicking and getting a list of possible transaction texts.
B. It is impossible.
C. By leaving the field empty, the transaction text is taken from Basic/Setup/Transaction text.
D. By typing in the identification code which refers to a journal text set up under the Functions button.

Answer: D

9. What is the purpose of bridging posting?
A. To set a Posting type =Bridging posting when making inter-company transactions. This can be used as selection criteria when printing.
B. To create a transaction in a subsidiary company belonging to the same parent company.
C. To make a posting reflecting the transactions from other modules in the Ledger module. D. To generate a posting of payments until confirmation is received from the bank.

TestInside MB6-203

Answer: D

10. Where are terms of payment for tax defined?
A. In General ledger/Setup/Sales tax/Sales tax settlement periods. B. In General ledger/Setup/Sales tax/Sales tax codes.
C. In Accounts Payable/Setup/Sales tax/Terms of payment. D. In General ledger/Setup/Parameters/Sales tax.

Answer: A
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Questions and Answers : 194 questions
Updated: 2008-2-4
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