Microsoft Dynamics AX 2012 Financials
About this Exam
This certification exam measures your ability to understand and articulate how to use, maintain, and support Microsoft Dynamics AX 2012 financial functionality including managing financials and managing fixed assets.
Exam Topics Covered
The following list includes the topic areas covered on this exam.
Managing Financials I
Managing Financials II
Managing Fixed Assets
This exam is intended for individuals on the implementation team who are responsible for administrating or using the Fixed Assets and Financial Management modules in Microsoft Dynamics AX 2012. This audience typically includes individuals who are tasked with assessing a customer’s business needs and advising them on the use, configuration, and customization of the application.
Additional Skills Recommended:
General working knowledge of the General Ledger, Accounts Receivable, Accounts Payable, and Fixed Assets functionality of Microsoft Dynamics AX 2012.
This Training Cover
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.
Managing Financials I (36 percent)
Set up and manage general ledgers, a chart of accounts, and journals.
This topic may include: setting up currency and exchange rates; creating fiscal calendar and shared fiscal calendar groups; creating date intervals; creating financial dimensions and dimension sets; posting profiles and multiple accounts; managing period allocations; identifying main account types; setting up an advanced chart of accounts; creating system accounts; creating journal texts
Manage General Ledger daily procedures.
This topic may include: creating a general ledger journal; posting multiple journals; approving journals; creating a voucher template; creating a periodic journal; creating and applying an accrual scheme; reversing a General Ledger transaction; reversing an entry; managing journal transaction inquiries and reports
Manage sales tax.
This topic may include: creating a ledger posting group; creating a sales tax authority; creating a sales tax settlement period; creating a sales tax code; creating a sales tax group; setting up a sales tax jurisdiction
Manage financial features.
This topic may include: managing sales tax transactions; managing sales tax exemptions; withholding sales tax; managing reason codes; using the Fill utility; establishing interest terms and date ranges; managing post-dated checks
Set up cash and bank management and procedures.
This topic may include: creating bank transaction types and groups; defining bank parameters; creating payment purpose codes, bank groups, and bank accounts; defining check layout; managing checks, deposit slips, bank remittance and payment reversal; reconciling a bank account; printing non-negotiable checks; creating non-negotiable copies of checks; establishing an account for a specified period
Set up and manage Accounts Payable and Accounts Receivable.
This topic may include: managing payment schedules and terms; creating a payment day; managing cash discounts and payment fees; creating payment methods; creating customers and vendor groups; managing an invoice register and invoice approval journals; managing invoice pools, excluding posting; managing vendor invoices and payment journals; setting up print management; creating posting profiles
Manage Accounts Payable and Accounts Receivable procedures.
This topic may include: managing free text invoices; managing payment journals; editing open transactions; reversing settlements; reversing closed transactions; reimbursing customers; reason codes; managing invoice matching; creating an invoice journal and voucher templates
Managing Financials II (33 percent)
Manage budgeting, commitment accounting, and cash flow.
This topic may include: setting up, creating, and revising budgets; applying budget controls; managing budget reporting; managing integrated budgeting; upgrading from ledger budgets; managing purchase order encumbrances; processing year-end purchase orders; setting up cash flow forecasting; defining a cash flow forecast budget model; creating and calculating cash flow transactions
Manage multicurrency and intercompany accounting.
This topic may include: setting up exchange rate profit and loss accounts; managing exchange rate adjustments; managing Accounts Payable and Accounts Receivable exchange rate adjustments; setting up intercompany posting; posting intercompany transactions; tracing an intercompany entry
Manage advanced payments.
This topic may include: bridging accounts; managing electronic vendor payments; managing electronic customer payments; managing centralized payments; managing prepayments (deposits); administering a bill of exchange; clearing payments
This topic may include: setting up a consolidation company; setting up a subsidiary company; performing a consolidation; managing consolidation inquiries; viewing and deleting consolidation transactions; managing intercompany eliminations
This topic may include: managing customer account statements; setting up and processing collection letters; setting up interest codes; calculating interest; managing collections and collection agents
Manage financial workflows and year-end close.
This topic may include: defining workflow elements; setting up and managing workflows; creating a new fiscal year; controlling transactions in a closing period; creating and posting a closing sheet; posting net income to multiple dimensions; transferring opening balances
Manage financial statements.
This topic may include: defining financial statement rows and columns; printing a financial statement; creating and printing a dimension statement; managing Extensible Business Reporting Language (XBRL) taxonomy; creating an XBRL file from a financial statement
Managing Fixed Assets (31 percent)
Manage setup procedures.
This topic may include: setting up a system for fixed assets; setting up the Fixed Assets module; managing parameters; managing reason codes in the Fixed Assets module; managing depreciation methods and conventions; managing Depreciation books; managing provision types and bonus depreciation; updating depreciation conventions for a Depreciation book
Set up assets.
This topic may include: managing fixed asset forms; setting up assets in the Fixed Assets module; lending assets; assigning bar codes to assets; budgeting assets; integrating project modules to fixed assets
Manage asset transactions.
This topic may include: identifying typical fixed asset transaction types; creating and acquiring fixed assets from purchase orders; recording depreciation, value adjustments, and disposals; managing transaction reversals; managing replacement cost and updating insured value; copying fixed assets and changing fixed asset groups; managing fixed asset additions
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