MB6-871 : Certification For The Candidates Interested In Financial IT Sector

This examination is planned for the candidates on the execution team and who are accountable for managing or utilizing the financial management and fixed assets modules in MB6-871 PDF Microsoft Dynamics AX 2012. They usually are personals who are charged with evaluating client’s business requirements and recommending them the utilization, customization and configuration of the application. Applicants must also have common working familiarity of the general ledger, account payable, accounts receivable and fixed assets utilization of Microsoft Dynamics AX 2012.

Skills measured during this examination:

The MB6-871 Test decides the abilities of applicants to achieve the technical tasks for Microsoft Dynamics AX 2012 Financials. The percentages show the comparative weight of each key topic part on the examination. The superior the proportion, the extra queries are likely to see on that content part on the examination.

Handle Financials (36 percent)

• Create and handle a chart of accounts, general ledger and journals: Create journal texts, create system accounts, set up an advanced chart of accounts, identify main account types, manage period allocations, post profiles and multiple accounts, create financial dimensions and dimension sets, create date intervals, create fiscal calendar and shared fiscal calendar groups and set up currency and exchange rates.
• Handle general ledger daily procedures: Handle journal transaction reports and inquiries, reverse an entry, reverse a General Ledger transaction, create and apply an accrual scheme, create a periodic journal, create a voucher template, commend journals, post multiple journals and create a General Ledger journal.
• Handle Sales tax: Create a sale tax authority, create a ledger posting group, create a sales tax code, create a sales tax settlement time, set up a sales tax jurisdiction and create a sales tax group.
• Handle economic features: Handle sales tax transitions, handle sales tax exemptions, handle reason codes, withhold sales tax, utilize the fill utility, handle post-dated checks, establish interest terms and date ranges.
• Set up bank and cash procedures and management: Define bank parameters; create bank transaction kinds and groups; create payment purpose codes, bank account and bank groups; handle checks, payment reversal and bank remittance, deposit slips; print on-negotiable checks; reconcile a bank account; set up an account for a specified period and create non-negotiable copies of checks.
• Establish and handle accounts receivables and accounts payable: Handle payment terms and scheduling; generate a payment day; handle payment fees and cash discounts.
• Handle accounts receivables and account payable procedures: Handle free text invoices, handle payment journals, reverse settlements, edit open transactions and handle invoice matching.

Handle financials II (33 percent)

• Handle commitment accounting, budgeting and cash flow
• Handle inter-company and multi-currency accounting
• Handle advances payments
• Handle consolidations
• Handle collections
• Handle year-end close and financial workflows
• Handle financial statements

Handle fixed assets (31 percent)

• Handle setup procedures
• Establish assets
• Handle asset transactions

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