(Ex:350-001):

1. What ledger accounts must be specified in the Exchange rates form to track the currency profit and losses when the exchange adjustment is run in Microsoft Dynamics AX 2009?
A.Realized loss and profit
B.Unrealized loss and profit
C.Simulation loss and profit
D.Exchange adjustment loss and profit
Answer: B


2.The Controller decides to give cash discounts to his domestic customer group. A cash discount of 10% if paid within 5 days from the date of invoice, 5% if paid within 10 days, and 2% if paid within 14 days is given; how can this scenario be achieved in Microsoft Dynamics AX 2009?
A.For the 14 days 2% code, the 10 days 5% code is selected in the Next discount code list. For the 10 days 5% code, the 5 days 10% code is selected in the Next discount code.
B.For the 10 days 5% code, the 14 days 2% code is selected in the Next discount code list. For the 10 days 5% code, the 5 days 10% code is selected in the Next discount code.
C.For the 5 days 10% code, the 14 days 2% code is selected in the Next Discount Code list. For the 10 days 5% code, the 10 days 5% code is selected in the Next discount code.
D.For the 5 days 10% code, the 10 days 5% code is selected in the Next discount code list. For the 10 days 5% code, the 14 days 2% code is selected in the Next discount code.
Answer: D

3. Contoso acquires a new fixed asset during January of this year and the To date for the depreciation was set to December 31, 200 The Controller notices that there is no depreciation posted since July 1, 2008 and instructs the Accountant to post the amounts for all depreciations from July through December in a single journal line, where the date is set to December 31, 2008 on the proposed journal lines. Which feature in Microsoft Dynamics AX 2009, helps the Accountant to achieve this?
A.Summarize depreciation
B.Depreciation convention
C.Derogatory depreciation
D.Extraordinary depreciation
Answer: A

4. Contoso has a compensation policy which guarantees its customers a reimbursement of 10% of the invoice amount in case of product damage and the minimum refund is set to 5%. The customer, Adventure Inc. makes a purchase of USD 10,000, where more than 50% of the goods are damaged. As the reimbursement amount is greater than the minimum refund, where is the balance amount that is payable to the customer, transferred in Microsoft Dynamics AX 2009?
A.Vendor account
B.Customer account
C.Expense account
D.Profit and loss account
Answer: A

5. How is the exchange rate for the default currency set up to specify the equivalent of 100 units of the foreign currency?
A.Specify the Express exchange rate as 100 in the General ledger parameters form.
B.Specify the Express exchange rate as 1*100 in the General ledger parameters form.
C.Specify the Express exchange rate as 100 against each foreign currency in the Exchange rates form.
D.The exchange rate for the default currency can be specified only with the equivalent of one unit of the foreign currency.
Answer: A

6. What ledger accounts must be set up to capture the cash receipts and disbursements for cash flow forecasting in Microsoft Dynamics AX 2009?
Choose the 2 that apply.
A.Liquidity accounts
B.Dependent ledger accounts
C.Total accounts
D.Customer and vendor accounts
Answer: AB

7. Contoso Entertainment Europe (CEE) is the subsidiary of Contoso Entertainment US (CEU).The Consolidated company does not have any chart of accounts and the subsidiary chart of accounts is being used in the consolidated company. Which of the following statements are true when this consolidation is performed in Microsoft Dynamics AX 2009?
A.The Current field must not be selected during the consolidation process.
B.The Consolidation account field must be selected during the consolidation process.
C.The Consolidation account field must not be selected during the consolidation process.
D.Enter the consolidation account field in the Chart of accounts of the Subsidiary company.
Answer: C

8. What are the row type options available to create a row structure in the Structure designer form in Microsoft Dynamics AX 2009?
Choose the 2 that apply.
A.Element
B.Total
C.Group Total
D.Calculation
Answer: AD