Exambible offers free demo for MB6-893 exam exam. "Microsoft Dynamics AX Financials", also known as MB6-893 exam exam, is a Microsoft Certification. This set of posts, Passing the Microsoft exam, will help you answer those questions. The MB6-893 dumps Questions & Answers covers all the knowledge points of the real exam. 100% real Microsoft MB6-893 dumps exams and revised by experts!
Q1. You are generating a budget plan from the general ledger.
You first need to select an Action (reason) for how you want to create this budget plan. Which three options can you choose from in Microsoft Dynamics AX Financials? Each
correct answer presents a complete solution.
A. Update the existing budget plan scenario based on a factor.
B. Update the existing budget plan scenario, and append new data.
C. Create a new budget plan from a template.
D. Create a new budget plan.
E. Replace the existing budget plan scenario.
Answer: A,B,C
Q2. An accountant needs to define which main accounts and financial dimensions can t>e used together when entering journals and transactions.
The accountant sets up the chart of accounts and creates the financial dimensions.
What are two possible actions the accountant can perform next to achieve the goal? Each correct answer presents a complete solution.
A. Configure Account Structure.
B. Create Derived Financial Hierarchies.
C. Set up Advanced Rules.
D. Set up Financial Dimension Sets.
Answer: B,D
Q3. You are processing a customer payment and want to generate a payment line based on due date so that you can search the invoice lines that meet selected search criteria.
What should you do?
A. Use Settlement
B. Use payment transfer.
C. Use Manual Payment Journal
D. Use Payment proposal
Answer: A
Q4. You are an accountant.
You are creating your travel expense budget for the fiscal year and want to enter the same budget amount for each month.
On the budget register entry, which option should you choose?
A. transfer balances
B. allocate across dimensions
C. enter recurrence
D. allocate across periods
Answer: A
Q5. You are the director of finance.
You are starting to create budgets for the fiscal year and want to generate budget plans from prior year expenses. However, this year, you know your expenses will be more than last.
Which field should you set in the generate budget plan from the general ledger form to account for this increase in budget?
A. Minimum
B. Percent
C. Factor
D. Rounding rule
Answer: B
Q6. You are creating a parent budget plan that will consist of budget amounts for all departments.
You then need to create associate budget plans and link them to the parent budget. Before you can create the associate budget plans, which two steps must be complete?
Each correct answer presents part of the solution.
A. The budget plan priority must be selected on the budget plan creation.
B. The budget organization hierarchy must have at least two levels.
C. The budget planning process that you select must be set up for associated budget plans.
D. The individual preparing the budget plan needs appropriate permissions to create an associate budget plan.
Answer: A,C
Q7. You are implementing consolidations for your company. You want to use the consolidation conversion principles to convert subsidiary data in foreign currencies.
What are three requirements for starting the consolidation process? Each correct answer presents part of the solution.
A. Consolidation accounts
B. Balance control account
C. Consolidation account group
D. Legal Entity
E. Ledger elimination rule
Answer: A,D,E
Q8. You are setting up taxes on customer invoices. You need to report a sales tax on the invoice, as and when it is settled, to the tax authorities.
When the customer settles the invoice with the second payment of 625 USD, you report the remaining sales tax. What should you set up in this situation?
A. Withholding sales tax
B. Sales tax exemption
C. Standard sales tax
D. Conditional sales taxes
Answer: D
Q9. Your company has acquired an additional company and wants any differences from the consolidation to be posted to the profit and loss account.
What should you configure to achieve this goal?
A. account for automatic transactions
B. transaction posting definitions
C. liquidity accounts
D. balance control account
Answer: A
Q10. Your company is using basic budgeting and is planning to configure budget control. You need to identify the additional configuration that is needed.
Which three components will already be configured as s part of the basic Budgeting setup? Each correct answer presents part of the solution.
A. budget models
B. budget exchange rates
C. over budget permissions
D. budget cycles
E. documents and journals
Answer: C,D,E
Q11. You are an accounts payable clerk. During a check run, Microsoft Dynamics AX Financials generates a check and posts the payment journal. The check is sent to the vendor, but you then learn form the vendor that the check has not been received. In order to reverse the check payment, which two actions should you perform? Each correct answer presents part of the solution.
A. Go into the check reversal journal, and post the check reversal
B. From the Settle transaction screen on the vendor record, select the invoice and payment, and post it.
C. From the checks from select to reverse the check
D. Create a new vendor payment journal and add a reversing entry.
Answer: C,D
Q12. You are setting up taxes on customer invoices. You need to report a sales tax on the invoice, as and when it is settled, to the tax authorities.
When the customer settles the invoice with the second payment of 625 USD, you report the remaining sales tax. What should you set up in this situation?
A. Withholding sales tax
B. Sales tax exemption
C. Standard sales tax
D. Conditional sales taxes
Answer: D
Q13. You need to analyze the maturity of customer accounts and vendor accounts, based on a date that you enter. The date entered, together with the Unit and Interval information defined, will be used to calculate and view the transactions.
What should you do?
A. Set up Aging period definition.
B. Set up Customer pool.
C. Set up Aging snapshot.
D. Set up interest codes.
Answer: C
Q14. Your company has decided to add five new vendors for purchasing and you are responsible for confi-guring the vendors in the new system.
You want to group vendors by some specific values that are shared across multiple vendors and you have indentified vender groups on the vendor group from, which two specific values can be defined? Each correct answer presents a complete solution.
A. Terms of payment
B. aging periods
C. matching policy
D. default tax group
Answer: B,D
Q15. You are the finance manager at your company, and you are configuring the bank module. Your primary concern is reviewing processes before posting.
Aside from workflow, which two processes are in the cash and bank parameters for an un- posted journal to be created before posting? Each correct answer presents a complete solution.
A. intercompany transfers
B. electronic payments
C. deposit slip cancellations
D. check reversals
Answer: B,D
Q16. You need all budget transfers to use a workflow except the specific members of the budget transfer rules.
When creating a budget transfer rule, what information is used to define when transfers are allowed?
A. the dimensions on the transfer
B. the amount of the transfer
C. the date of the transfer
D. the employee requesting the transfer
Answer: C
Q17. You are setting up an allocation rule and distributing amounts based on revenue dollars.
You need to share the cost of corporate advertising expenses across all departments and base each department’s sales in proportion to the total sales of all departments.
Which allocation should you choose?
A. Fixed Percentage
B. Equally
C. Fixed Weight
D. Basis
Answer: B
Q18. What are the three advanced collection management tasks that are performed in Microsoft Dynamics AX Financials to manage collections? Each correct answer presents the part of the solution.
A. waive, reinstate, or reverse interest and fees
B. create write-off transactions
C. set up interest codes
D. set up Customer pool
E. process non-sufficient funds (NSF) payments
Answer: C,D,E
Q19. Your company is considering tracking budgets by Account, Department, and Cost Center dimensions. There is a requirement to prevent exceeding the budgeted amounts for each Department but not for each Cost Center.
Which three actions must be performed to allow budget control for Accounts and Department, and basic budgeting by Account, Departments, and Cost Center, before budget control is enabled? Each correct answer presents part of the solution.
A. Select only “MainAccount” and “Department” as budgeting dimensions.
B. Select the main accounts for budget control.
C. Select only “MainAccount” and “Department” as budget control dimensions.
D. Select only “Department” as a budget control dimension.
E. Select only “MainAccount,” “Department” and “CostCenter” as budgeting dimensions.
Answer: B,C,D