AX 2012, Certification Test

AX 2012 Public Sector Certification Exam MB6-885

Perform basic Microsoft Dynamics AX 2012 Public Sector tasks (15%)

Describe Microsoft Dynamics AX 2012 Public Sector concepts
- Describe requirements of the public sector industry, including dimensions, budgeting, encumbrance and procurement; describe features of the Microsoft Dynamics AX 2012 Public Sector module; verify the Microsoft Dynamics AX 2012 Public Sector license
Set up accounts
- Describe General Ledger setup concepts, set up fiscal calendars and a fiscal year, set up posting definitions, configure account structures
Create financial dimensions
- Describe financial dimensions, create a financial dimension and a fund entity
Set up a Chart of Accounts
- Plan a Chart of Accounts, set up accounts in the Chart of Accounts, create bank accounts, assign a fund entity to an account

Perform budgeting tasks (14%)

Describe and configure budget control
- Explain, activate, and perform budget control; set up and configure budget control parameters; set up over-budget permissions; define the budget funds available calculation; select source documents, journals, and main accounts for budget control; assign budget models; define budget control rules; define budget groups and message levels; enable budget appropriations; describe the execution of budget reservations
Create an original budget
- Create budget register entries, allocate budget amounts across dimension values and periods
Manage budgets
- Describe budgeting terms and basics, revise a budget, transfer a budget, view the status and history of budget register entries
Process budgets
- Post, reverse, and perform budget control on a provisional budget; define an apportionment budget code; create and perform budget control on an apportionment budget
Create budget reports
- Describe the Actual versus budget report, Budget funds available report, Budget details report, Budget control account detail history report, and Budget control activity by project report

Use general ledgers (16%)

Create advanced ledger entries
- Distribute line amounts across ledger accounts; describe the setup of advanced ledger entries; create, preview, and post advanced ledger entries
Perform commitment accounting
- Describe commitment accounting, record general ledger pre-encumbrances for a purchase requisition, record general ledger encumbrances for a purchase order
Perform year-end encumbrance processes
- Set up encumbrance year-end processing options, define close and open transaction posting definitions for encumbrance year-end processing, define a default encumbrance year-end process for a specific fund
Perform year-end general ledger processes
- Describe general ledger year-end processes, set a closing type on accounts, define close and open transaction posting definitions for general ledger year-end processing, process nominal accounts and ending balances of real accounts

Manage procurement and accounts payable (14%)

Manage purchase agreements
- Enable new information on purchase agreements by classification, invoice a purchase agreement without a release order
Manage unplanned purchases
- Set up confirming purchase order codes and message text, flag a purchase order as confirming, print a purchase order with a special message
Perform year-end purchase order processing
- Run the year-end purchase order process
Manage vendor information
- Set up 1099 information for a vendor, pay an invoice with 1099 information, process a 1099 tax statement, assign a new DUNS+4 number, disburse invoice payments to multiple vendor bank accounts

Manage accounts receivable (15%)

Set up billing codes and classifications
- Describe the features of billing codes, create a billing code, create a free text invoice using a billing code, create a billing classification, associate a billing code with a billing classification, set a classification settlement order
Process invoice, payment, and collection documents by billing classification
- Post and print a free-text or recurring invoice by billing classification; enter a customer payment by selecting a billing classification; create a payment proposal based on a selected billing classification; generate reimbursement transactions, interest notes, and collections letters by billing classification; assign a collection letter policy to a billing classification
Process settlements in a pooled cash setup
- Set up posting definitions for invoice settlements, settle a free text invoice against a payment, settle a transaction write-off for a customer
Add customer attributes
- Assign a trading partner code, assign an agency location code (ALC), assign a 1099-C indicator, prevent customer duplication by using a Government Identification Number (GIN)

Perform project accounting tasks (14%)

Perform project budget control
- Create a project budget, allocate a project budget across periods, create a project budget revision
Manage grants
- Create a grant, track the status of a grant
Manage multiple funding sources
- Add multiple funding sources to a project, assign a grant to a funding source, allocate expenses to a funding source, set up funding source percentage and priority, invoice costs against funding sources

Use Role Centers and reports (12%)

Describe Role Centers
- Describe the Accountant, Accounting Manager, Controller Role, Accounts Receivable Administrator, and Finance Director Role Centers
Generate reports
- Generate accounts receivable reports, generate customer reports, generate and set up a cover page for a payment approval report, generate budget control reports
Perform financial analysis with derived financial hierarchies
- Create a category hierarchy, associate a derived financial hierarchy, slice by using the derived financial hierarchy dimension