AX 2012 R3 – Financials

Exam Code : MB6-702
The tanning governs around the area of examination to be tested in Microsoft Dynamics AX 2012 R3 Financials exam:

Configure Microsoft Dynamics AX 2012 R3 (25–30%)

Set up the General Ledger, chart of accounts and journals

Create a chart of accounts; create and categorise main accounts; identify main account types; create financial dimensions and dimension sets; configure account structures; create advanced rule structures; create organisational units and hierarchies; create fiscal calendars, years and periods; create date intervals; create reason codes; define journal names; define allocation rules and allocation basis; create system accounts; create journal texts; set up intercompany accounting; define General Ledger parameters

Define 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 cheque layouts

Set up Accounts Payable and Accounts Receivable

Create payment schedules and terms, create a payment day, define cash discounts and payment fees, create payment methods, create vendor accounts, create vendor groups, define vendor posting profiles, assign a vendor posting profile, form setup and print management, define matching policies and tolerances, create charges and charge groups, define ageing periods

Set up currencies and sales tax

Set up currencies, currency types and exchange rates; create ledger posting groups; create sales tax authorities; create sales tax settlement periods; create sales tax codes; create sales tax groups; set up item sales tax groups; set up a sales tax jurisdiction

Manage Microsoft Dynamics AX 2012 R3 (25–30%)

Manage General Ledger daily and periodic procedures

Create a General Ledger journal, post multiple journals, approve journals, create a voucher template, create a periodic journal, reverse a General Ledger transaction, manage journal transaction enquiries and reports, create journal controls, revalue foreign currency, process financial consolidation, post a sales tax payment

Manage Accounts Payable daily and periodic procedures

Create vendor invoices, create invoice journals, revalue foreign currency, generate vendor payments, manage vendor postdated cheques

Manage Accounts Receivable daily and periodic procedures

Create customer invoices, create free text invoices, revalue foreign currency, apply customer payments, manage customer collections

Manage commitment accounting and cash flow

Configure dependent ledger accounts, set up cash flow forecasting, define a cash flow forecast budget model, create and calculate cash flow transactions

Manage advanced payments

Set up bridge accounts, manage electronic vendor and customer payments, manage centralised payments and prepayments (deposits), administer a bill of exchange, manage direct debit mandates

Maintain bank accounts

Cheques and deposit slips, void and refund cheques, manage bank remittance and payment reversals, reconcile a bank account

Define and manage budgets (15–20%)

Plan budgets

Identify budget components, identify budgeting methodologies, create organisational hierarchies, define budget stages, define budget allocation terms, configure budget plans, configure budget allocation schedules, configure support for budget planning templates

Control budgets

Plan for budget controls; identify budget control components; set up, create and revise budgets; define the budget funds available calculation; define budget cycles; create budget control rules and budget groups; manage budget reporting; manage integrated budgeting; create budget transfers

Create basic budgets

Define budget dimensions, create budget models and codes, create budget register entries, define and create encumbrances, manage purchase order encumbrances, process year-end purchase orders

Configure and manage Fixed Assets (20–25%)

Configure the Fixed Assets module

Set up the Fixed Assets module, create value models, create Fixed Asset groups, set up Fixed Asset 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 depreciation profiles

Set up assets

Identify Fixed Assets module components; manage Fixed Asset forms; set up assets in the Fixed Assets module; lend assets; assign bar codes to assets, budget assets; integrate other modules with Fixed Assets

Manage asset transactions

Identify typical Fixed Asset transaction types; record acquisitions and acquisition proposals; create and acquire Fixed Assets from purchase orders; record depreciation, value adjustments and disposals; manage transaction reversals; manage replacement costs and update insured values; copy Fixed Assets and change Fixed Asset groups; manage Fixed Asset additions