A controller would like to assign a department 60-Purchase and cost center 6010-Purchase when the accounts payable administrator creates vendor journals. Which of the following needs to be defined to restrict the available selections?
Dimension Planning
Dimension Proposal
Dimension
Set Hierarchy
Cannot be done
When filtering by !1000* in the Customer Account field, the following will be displayed:
Only customer accounts that end with
"1000"
Every
customer account, except those that start with "1000"
The above argument is incorrect
Only those customer accounts that start
with "1000"
AP Aging buckets may be created in
AP > Reports > Aging Report >
Settings
AP
> Setup > Statistics > Aging Buckets
Directly when printing an aging report
AP > Parameters > Summary Update
Which of the following describes the differences in the Payment journal in Accounts Receivable compared to a General Journal?
Intercompany transactions can only be
posted in the GL module
There is no difference
Invoices may only be settled in the
module in which they were created
Payments
can only be generated from the AR Payment Journal
When filtering a field using *999*, the following will be displayed:
Records that only show 999
All
records that contain "999" in any part
AX does not permit this function
All records that do not contain 999
Which of the following describes how a payment schedule can be set up?
Create fixed amount per installment
only.
Create progressive or regressive
installments.
Create
fixed quantity of installments, fixed amount per installment or in a specified
order and quantity.
No setup is needed, the installments
are calculated automatically based on the due date of the invoice.
When an account in the Chart of Accounts is marked as "Locked in Journal", this means that
The account is currently being used in
an unposted transaction
The
account cannot be selected as an originating/offset account in a manual journal
entry
It is a subledger account
The account is blocked and accepts no
entries
Exchange Rates may be set up in the following location:
Administrator > Set Up > Exchange
Rates
Only directly inside the journal
Bank > Setup > Bank Transactions
General
Ledger > Set Up > Exchange Rates
The "Fill Utility" tool allows to edit
Automatically fill out forms with
pre-entered data
The margins of printable reports
Multiple
fields within a form simultaneously
Follow these steps to create new check numbers for printing:
Bank
> Checks > Create Checks
Accounts Payable > Setup >
Parameters > Checks
Checks are automatically created when
needed and based on the last number used.
Bank > Bank Account Details >
Create Checks
Invoice validation settings (accept/reject duplicates) may be selected in the following place:
Accounts Payable > Error Validate
Journal
Accounts Payable > Parameters >
Number Sequences
Accounts Payable > Setup >
Validation
Accounts
Payable > Parameters > Updates
A new inventory item can be created in:
Inventory Management > Transactions
> Receive Inventory
Inventory
Management > Common Forms > Item Details > New
Inventory Management > Setup >
Item Groups
Inventory Management > New Item
Which one of the following is NOT a module of DAX?
Inventory Management
Bank
Reconciliation
Accounts Payable
Expense Management
Basic
How do you create a Vendor account?
AP
Module > Vendor Details > New
AP Module > Create Vendor
General Ledger > Chart of Accounts
> New
AP Module > Vendor Management >
New
The report under Accounts Payable > Places > Open Vendor Invoices will display:
None of the Above
All
vendor invoices that have not been settled
All vendor invoices for which a payment
has been generated, but not yet cleared
All vendor invoices that have not been
posted
A Free Text Invoice allows the user to:
Create an invoice by using the items
from the Inventory Management module
Add descriptions/memoranda to invoicing
transactions
Create pro-forma invoices that will not
affect Net Income
Create
an invoice without the need of using pre-set items
A currency exchange rate can be selected
In the Bank Module, currency management
All of the above
By
entering the exchange rate in the General tab of any journal entry
Only by setting up the exchange rate in
the GL Module
Which of the following is the method used to set up fixed assets to link accounting information for the asset to tax information for the asset?
You can not tie accounting transactions
to tax transactions.
You will set up a value model for
accounting and set the posting layer to balance.
You will create an asset group for
accounting and an asset group for tax and set the type to link.
You
can set up depreciation books for tax purposes.
A list of all cost centers can be found in:
General
Ledger > Common Forms > Dimensions
Accounts Payable > Setup >
Parameters
General Ledger > Setup > Cost
Centers
Administrator > Setup > Entities
