pass4sure microsoft MB6-507 v2.83

AX 4.0 Financials : MB6-507 Exam
Product DescriptionExam Number/Code: MB6-507
Exam Name: AX 4.0 Financials

“AX 4.0 Financials”, also known as MB6-507 exam, is a Microsoft certification. With the complete collection of questions and answers, Pass4sure has assembled to take you through 69 Q&A to your MB6-507 Exam preparation. In the MB6-507 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)
Setting Up General Parameters
Defining and Creating Tax Information
Entering Daily Transactions
Setting Up and Using Bank Management
Creating Financial Statements
Creating and Modifying Budgets
Using Cash Flow Management
Working with Multicurrency
Creating and Processing Accruals
Setting Up and Posting Intercompany Transactions
Setting Up and Performing Consolidations
Setting Up Dimension Hierarchy
Processing Year-End

• Accounts Payable (29 percent)
Setting Up General Parameters
Creating and Processing Invoice Journals
Creating and Processing Payment Journals
Using Transaction Editing

• Accounts Receivable (29 percent)
Setting Up General Parameters
Working with Cash Discounts
Processing Free Text Invoices
Creating and Processing Payment Journals
Processing Prepayments
Using Collection Letters

• Fixed Assets (13 percent)
Setting Up General Parameters
Creating and Acquiring Assets
Depreciating Assets

Audience profile
Individuals who want to obtain a certification on Microsoft Dynamics AX 4.0 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
• Microsoft Certified Business Management Solutions Professional – Applications for Microsoft Dynamics AX
• Microsoft Certified Business Management Solutions Professional – Installation and Configuration for Microsoft Dynamics AX
• Microsoft Certified Business Management Solutions Professional – Developer for Microsoft Dynamics AX
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

• 8629: Financials I in Microsoft Dynamics AX 4.0

• 8637: Financials II in Microsoft Dynamics AX 4.0

• 8638: Fixed Assets in Microsoft Dynamics AX 4.0

Note We strongly recommend that you use training materials in conjunction with the corresponding E-Learning to prepare for a certification exam.

Training materials for this exam

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

• 8629B: Financials I in Microsoft Dynamics AX 4.0

• 8637B: Financials II in Microsoft Dynamics AX 4.0

• 8638: Fixed Assets in Microsoft Dynamics AX 4.0

Classroom training for this exam

• 8629B: Financials I in Microsoft Dynamics AX 4.0
• 8637B: Financials II in Microsoft Dynamics AX 4.0
• 8638: Financials II in Microsoft Dynamics AX 4.0

Supplemental learning resources

• General Ledger, Accounts Receivable, Accounts Payable, Inventory Management, Master Planning, Production, and basic online Help in the Microsoft Dynamics AX product.

Additional skills recommended

• General working knowledge of General Ledger, Accounts Receivable, Accounts Payable, and Fixed Assets functionality of Microsoft Dynamics AX.

Microsoft online resources

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

• 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:

• Demonstrate a general working knowledge of General Ledger, Accounts Receivable, Accounts Payable, and Fixed Assets functionality of Microsoft Dynamics AX.

Exam specifics
Time requirements and questions

• 90 minutes to complete the exam

• 69 questions, with a passing rate of 70 percent

• Multiple choice and multiple answer questions

Registration

• Register now (Prometric.com)

1. A controller would like to assign a department 60-Purchase and cost center 6010-Purchase when the accounts

payable administrator creates vendor journals. Which of the following needs to be defined to restrict the available selections?
A. Dimension proposal B. Dimension planning C. It can not be done
D. Dimension set hierarchy

Answer: D

Free PassGuide Practice Engine Demo Download Pass4sure offers free demos for each certification exam, including all IT vendors. You can check out the testing engine software, or pdf file question quality and usability of our practice exams before you decide to buy it. We are the only one site that offers demos for almost all IT certification exams.If you want to try p4s exam practice engine demo. http://demo.passguide.com/download

2. One of the companies you are consolidating does business in a currency that has been fluctuating a lot. However, when you run your consolidation, you want to only use a closing rate for that period of the Monetary accounts. How would you set this up?

A. Set up a default exchange rate in the General Ledger parameters on the Consolidation tab. B. Enter an exchange rate with no date on the exchange rate tab of the currency.
C. Enter an amount in the Monetary field on the currency and check the Monetary checkbox on the ledger account.
D. This can not be done. Answer: C

3. A controller is having issues with the monthly reports that have accounting entries made to the wrong departments. The controller would like to ensure that the accounting entries are entered with the correct department. Which of the following describes how to accomplish this in Dynamics AX?
A. Update the general ledger parameters based on the controllers requirements.

B. Create a journal control record for the journal names being used in the general journal.

C. Create new dimension sets, hierarchies and rules based on the controllers requirements.

D. Create an accounts payable invoice approval journal and have the controller review the departments. Answer: C

4. Which of the following happens to the transactions if you delete a period in which transactions are posted?

A. All transactions in the deleted period disappear.

TestInside MB6-507

B. All transactions in the period are accumulated into one.

C. Nothing.

D. You are not allowed to delete a period in Dynamics AX. Answer: C

5. The currency rate is changed on the 1st of every month. On the 1st of March, the rate is changed from 390 to

400. On the 4th of March, an invoice with a date of February 28th is made. Which exchange rate does the system use?
A. 390

B. 400

C. 395 (the average of the two rates)

D. The exchange rate must be specified manually. Answer: A

6. You have several departments set up and need to run a financial statement for each one. How do you run them?
A. The only way would be to create a financial statement for each department and run them separately.

B. Go to General Ledger, Reports, Transactions, Periodic, Financial statement under the dimension specifications click the Line checkbox when running the statements.
C. Go to General Ledger, Reports, Transactions, Periodic, Financial statement, under the focuses and change Main

or Secondary focus when running the statements.

D. Go to General Ledger, Reports, Transactions, Periodic, Financial statement, click the Select button when running the statements and leave the criteria field blank to get all departments.
Answer: C

7. Which of the following is the result of selecting the checkbox Locked in Journal under the General tab of the

Chart of Accounts?

A. It would close an account in the journal and transfer balances to the electronic closing sheet.

B. It prevents posting on all accounts in the journal. C. It only allows new debit transactions to be posted.
D. It prevents posting on an account in the journal.

TestInside MB6-507

Answer: D

8. Your company wants to generate a number of sequentially numbered checks in the bank module. Which of the following is a requirement to allow sequentially numbered checks?
A. Set up a number sequence on the check layout.

B. Select Automatic check numbering in the Parameters.

C. Create a Check group and define the number sequence. D. Select Fixed in the check numbering method.
Answer: D

9. At what stage can a check number be deleted from the Bank module? A. When the check status is Cancelled.
B. When the check status is Created.

C. At any stage in the payment process. D. When the check status is Void. Answer: B

10. Given the following information, which of the following happens when Invoice 1 is settled?

Date Text Company Currency

USD

01 Dec. Invoice 1 100

120

31 Dec. Unreal. exch. profit. 20

20 Jan. Payment 1005

120

A. A realized exchange loss adjustment of 15 is posted.

B. Invoice 1 is settled 100% and the Customer has a balance of 15.

C. Unrealized exchange adjustment of 20 is reversed and a realized exchange adjustment of 5 is posted.

D. Unrealized exchange adjustment of 20 is reversed with 15 and no realized exchange adjustment is posted.

Answer: C

pass4sure MB6-507

Questions and Answers : 69 Q&A Expected Date: October 22nd , 2008 Price: $159.99 $125.99 Pre-Buy price: $88.19 Save $37.8

Free download:pass4sure microsoft MB6-507 v2.83
Free download:testking microsoft MB6-507 v2.83

PassGuide provides high-quality test materials, for example, Cisco CCNA CCNP CCIE, Comptia A + NETWORK + Security +, Juniper jncia, jncis, Vmware VCP-410,certification practice exams and so on.We are committed to give full refund to candidates if they fail the exam with use of our products.And we are confident to make such a guarantee. Buy Best Practice Exam,high-quality ,100% Guarantee ,Pls contact me,Mail:Sales@passguide.com

P4S Free Downloads

Type	Exam Braindumps	New Questions & Answers	Latest Updated	Available link
	All Pass4sure's Exam Pack	858	1 days ago	Download Free Testing Engines