Axapta Financials 3.0 Exam Questions - General Ledger

These are the General Ledger questions I remembered from when I sat the Axapta financials exam

I've included the answers too

If you notice any inaccuracies, please post a comment with the correct answer and I will update it

Enjoy!


How do I run an audit trail?

GL --> Inquiries --> Audit trail
Answer

If you right click on an account and nothing appears, what could be wrong?

It could be that the update account references job hasn't been run yet
Answer


What easy to use option is available to help with filling out transaction texts?

Transaction/Journal texts can be assigned a code which can be used to recall the journal text when filling out a field
Answer



What are the default dimensions?

Department, cost centre and purpose
Answer



How do I activate journal approval?

Tick the journal approval box on the journal names screen
Answer


How do you prevent balances from carrying over into the next financial year?

Using the reset option
Answer


How do I exclude other users from a journal?

Blocking tab --> Mark as private
Answer




Where is automatic settlement enabled?

On the posting profile
Answer



Exchange adjustments; what happens when you have an unrealised profit/loss posted and then come to post the realised profit/loss?

The unrealised transaction is reversed automatically and the realised transaction is posted
Answer


What are tax codes and what are they used for?

They define taxes and the basis for their application
Answer

That's all the general ledger questions I've got at the moment, if I come across any more I'll update the post

Likewise if anyone out there has any questions they remember that they would like to add to the list, please let me know

Thanks for reading

AJ

Dynamics Ax 3.0 financials exam preparation tips

Hello there

This was the first Axapta exam that I sat and I found it quite tricky

But fear not! For your experience should be much more pleasent with these tips:

Syllabus
As with any exam there is a syllabus available
This narrows down what you need to know
You can download a pdf copy of it here

Sample Questions
There is a set of 5 sample questions for this exam which are available on the Microsoft website
But it's almost impossible to find and even more difficult to download them so I've made them available for you to download here

Rapid Config Tool
The Rapid config tool is free tool developed by an Axapta partner in the US called Avanade
It's available for download from the MS Partnersource website
The document library that comes with it contains the best Axapta Financials documentation, in my opinion
You can download it from here (requires Partnersource login)

The Plan
Revise the topics from the syllabus using the Financials I & II books (you should be able to buy these from an Microsoft Dynamics Training Partner for about £30 each)

When you come across something that doesn't make sense, check what the Rapid Config documents say as the Financials books don't go into enough depth on most topics

Once you're confident, try to answer the sample questions without any reference materials

The Backup Plan
If all else fails and you're in the exam looking at a question without any idea what the answer is, then there's a few useful tips for guessing the right answer mentioned in this article

It's a Unix website but the advice applies to any multiple choice IT certification exam

The "If Everything Goes To Hell" Backup Plan
At the time of writing this article, Interquad (the MS training partner who I was taking the exams with) was offering a free resit if you failed an exam on the first attempt
So just make sure you book your exam with a partner that offers the same deal ;)

Good luck!

P.S. I'll be posting all the exam questions I remember once I've had a chance to convert the notes into something readable, stay tuned!

Hello

Hi there

Welcome to my Dynamics Ax blog

Have a look around, make yourselves at home, once you're comfortable, I'll continue

Comfy? Good

Over the coming months I'll post any useful Axapta tips, info, rumours, findings, ramblings, in short anything I can find for the benefit of you, dear reader

I don't have all the answers but I'll be damned if I can't find them out (though it sometimes takes a while...)

Feel free to comment, contradict, correct or point out better ways of doing things if you notice anything amiss

Of course you're more than welcome to just make yourself known by leaving a comment and introducing yourself

Take it easy

Ajay