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Microsoft Dynamics AX

  • Published:
    December 23, 2014
  • Languages:
    English, Chinese (Simplified), Japanese
  • Audiences:
    IT professionals
  • Technology:
    Microsoft Dynamics AX
  • Credit toward certification:

Microsoft Dynamics AX 2012 R3 Financials

This exam has been retired

For currently available options, please see the Microsoft Certification exam list.

Skills measured

This exam measures your ability to accomplish the technical tasks listed below. The percentages indicate the relative weight of each major topic area on the exam. The higher the percentage, the more questions you are likely to see on that content area on the exam. View video tutorials about the variety of question types on Microsoft exams.

Please note that the questions may test on, but will not be limited to, the topics described in the bulleted text.

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Configure Microsoft Dynamics AX 2012 R3 (25–30%)
  • Set up the General Ledger, chart of accounts, and journals
    • Create a chart of accounts; create and categorize main accounts; identify main account types; create financial dimensions and dimension sets; configure account structures; create advanced rule structures; create organizational units and hierarchies; create fiscal calendars, years, and periods; create date intervals; create reason codes; define journal names; define allocation rules and allocation basis; create system accounts; create journal texts; set up intercompany accounting; define General Ledger parameters
  • Define cash and bank management and procedures
    • Create bank transaction types and groups; define bank parameters; create payment purpose codes, bank groups, and bank accounts; define check layouts
  • Set up Accounts Payable and Accounts Receivable
    • Create payment schedules and terms, create a payment day, define cash discounts and payment fees, create payment methods, create vendor accounts, create vendor groups, define vendor posting profiles, assign a vendor posting profile, form setup and print management, define matching policies and tolerances, create charges and charge groups, define aging periods
  • Set up currencies and sales tax
    • Set up currencies, currency types, and exchange rates; create ledger posting groups; create sales tax authorities; create sales tax settlement periods; create sales tax codes; create sales tax groups; set up item sales tax groups; set up a sales tax jurisdiction
Manage Microsoft Dynamics AX 2012 R3 (25–30%)
  • Manage General Ledger daily and periodic procedures
    • Create a General Ledger journal, post multiple journals, approve journals, create a voucher template, create a periodic journal, reverse a General Ledger transaction, manage journal transaction inquiries and reports, create journal controls, revalue foreign currency, process financial consolidation, post a sales tax payment
  • Manage Accounts Payable daily and periodic procedures
    • Create vendor invoices, create invoice journals, revalue foreign currency, generate vendor payments, manage vendor postdated checks
  • Manage Accounts Receivable daily and periodic procedures
    • Create customer invoices, create free text invoices, revalue foreign currency, apply customer payments, manage customer collections
  • Manage commitment accounting and cash flow
    • Configure dependent ledger accounts, set up cash flow forecasting, define a cash flow forecast budget model, create and calculate cash flow transactions
  • Manage advanced payments
    • Set up bridge accounts, manage electronic vendor and customer payments, manage centralized payments and prepayments (deposits), administer a bill of exchange, manage direct debit mandates
  • Maintain bank accounts
    • Checks and deposit slips, void and refund checks, manage bank remittance and payment reversals, reconcile a bank account
Define and manage budgets (15–20%)
  • Plan budgets
    • Identify budget components, identify budgeting methodologies, create organizational hierarchies, define budget stages, define budget allocation terms, configure budget plans, configure budget allocation schedules, configure support for budget planning templates
  • Control budgets
    • Plan for budget controls; identify budget control components; set up, create, and revise budgets; define the budget funds available calculation; define budget cycles; create budget control rules and budget groups; manage budget reporting; manage integrated budgeting; create budget transfers
  • Create basic budgets
    • Define budget dimensions, create budget models and codes, create budget register entries, define and create encumbrances, manage purchase order encumbrances, process year-end purchase orders
Configure and manage Fixed Assets (20–25%)
  • Configure the Fixed Assets module
    • Set up the Fixed Assets module, create value models, create Fixed Asset groups, set up Fixed Asset parameters, manage reason codes in the Fixed Assets module, manage depreciation methods and conventions, manage depreciation books, manage provision types and bonus depreciation, update depreciation conventions for a depreciation book, set up depreciation profiles
  • Set up assets
    • Identify Fixed Assets module components; manage Fixed Asset forms; set up assets in the Fixed Assets module; lend assets; assign bar codes to assets, budget assets; integrate other modules with Fixed Assets
  • Manage asset transactions
    • Identify typical Fixed Asset transaction types; record acquisitions and acquisition proposals; create and acquire Fixed Assets from purchase orders; record depreciation, value adjustments, and disposals; manage transaction reversals; manage replacement costs and update insured values; copy Fixed Assets and change Fixed Asset groups; manage Fixed Asset additions

Preparation options

Self-paced training

Online learning through the Microsoft Dynamics Learning Portal (DLP) is available to Microsoft Dynamics Partners who have purchased a training pack. If you haven’t purchased a training pack, sign in to PartnerSource and view the training pack details page. Find out how to gain access to the DLP site.

  • These DLP courses cover content for Exam MB6-702.
  • 80651: Financials I in Microsoft Dynamics AX 2012 R3
  • This course explores some of the basic financial functionality available in Microsoft Dynamics AX. Individuals are introduced to setup processes in General Ledger, Accounts Payable, Accounts Receivable, and the Bank module, in addition to learning how to enter transactions in each.
  • 80652: Financials II in Microsoft Dynamics AX 2012 R3
  • This course explores topics such as the setup and usage of budgeting, cash flow management, multicurrency, intercompany, and consolidated accounting. Additionally, individuals learn about the multiple advanced payment options and how to produce customer account statements, create collection letters, complete year-end close functionality, and produce financial statements. This training is an extension of the Financials I training.
  • 80653: Fixed Assets in Microsoft Dynamics AX 2012 R3
  • This course examines and teaches individuals how to use the Fixed Asset functionality in Microsoft Dynamics AX 2012 R3. The training focuses on the various setup requirements for Fixed Assets, transactions, and reports and inquiries.

Customers on a service plan can access online learning from CustomerSource. Please contact mlxsupp@microsoft.com if you have questions.


Inside Microsoft Dynamics AX 2012
Published: December 23, 2014

Dig into the architecture and internals of Microsoft Dynamics AX 2012—with firsthand insights from the team that designed and developed it. Targeted for solution developers and system implementers, this guide focuses on programming and customization capabilities—including key architectural principles, the application model, framework, and tools.

Buy this book at the Microsoft Press Store

Who should take this exam?

This exam is intended for individuals on the implementation team who are responsible for administrating or using the Fixed Assets and Financial Management modules in Microsoft Dynamics AX 2012 R3. This audience typically includes individuals who are tasked with assessing a customer’s business needs and advising them on the use, configuration, and customization of the application.

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Preparing for an exam

We recommend that you review this exam preparation guide in its entirety and familiarize yourself with the resources on this website before you schedule your exam. See the Microsoft Certification exam overview for information about registration, videos of typical exam question formats, and other preparation resources. For information on exam policies and scoring, see the Microsoft Certification exam policies and FAQs.


This preparation guide is subject to change at any time without prior notice and at the sole discretion of Microsoft. Microsoft exams might include adaptive testing technology and simulation items. Microsoft does not identify the format in which exams are presented. Please use this preparation guide to prepare for the exam, regardless of its format. To help you prepare for this exam, Microsoft recommends that you have hands-on experience with the product and that you use the specified training resources. These training resources do not necessarily cover all topics listed in the "Skills measured" section.