Preparation Guide for Exam #MB6-507
Microsoft Dynamics AX 4.0 Financials
Published: September 11, 2007 | Updated: January 29, 2008

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Exam topics covered
The following list includes the topic areas covered on this exam. The percentage indicates the portion of the exam that addresses a particular skill.

• General Ledger (29 percent)
Setting Up General Parameters
Defining and Creating Tax Information
Entering Daily Transactions
Setting Up and Using Bank Management
Creating Financial Statements
Creating and Modifying Budgets
Using Cash Flow Management
Working with Multicurrency
Creating and Processing Accruals
Setting Up and Posting Intercompany Transactions
Setting Up and Performing Consolidations
Setting Up Dimension Hierarchy
Processing Year-End

• Accounts Payable (29 percent)
Setting Up General Parameters
Creating and Processing Invoice Journals
Creating and Processing Payment Journals
Using Transaction Editing

• Accounts Receivable (29 percent)
Setting Up General Parameters
Working with Cash Discounts
Processing Free Text Invoices
Creating and Processing Payment Journals
Processing Prepayments
Using Collection Letters

• Fixed Assets (13 percent)
Setting Up General Parameters
Creating and Acquiring Assets
Depreciating Assets

Audience profile
Individuals who want to obtain a certification on Microsoft Dynamics AX 4.0 Financials should take this exam.

Credit toward certification
When you pass this exam, you earn credit toward the following certifications:

• Microsoft Certified Business Management Solutions Specialist
• Microsoft Certified Business Management Solutions Professional – Applications for Microsoft Dynamics AX
• Microsoft Certified Business Management Solutions Professional – Installation and Configuration for Microsoft Dynamics AX
• Microsoft Certified Business Management Solutions Professional – Developer for Microsoft Dynamics AX

Preparation tools and resources
In addition to your hands-on experience working with the product, we highly recommend that you use the following tools and training to help you prepare for this exam.

E-Learning courses for this exam

• 8629: Financials I in Microsoft Dynamics AX 4.0

• 8637: Financials II in Microsoft Dynamics AX 4.0

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• 8638: Fixed Assets in Microsoft Dynamics AX 4.0

Note We strongly recommend that you use training materials in conjunction with the corresponding E-Learning to prepare for a certification exam.

Training materials for this exam

Training materials for Microsoft Dynamics can be ordered through your local partner.

• 8629B: Financials I in Microsoft Dynamics AX 4.0

• 8637B: Financials II in Microsoft Dynamics AX 4.0

• 8638: Fixed Assets in Microsoft Dynamics AX 4.0

Classroom training for this exam

• 8629B: Financials I in Microsoft Dynamics AX 4.0
• 8637B: Financials II in Microsoft Dynamics AX 4.0
• 8638: Financials II in Microsoft Dynamics AX 4.0

Supplemental learning resources

• General Ledger, Accounts Receivable, Accounts Payable, Inventory Management, Master Planning, Production, and basic online Help in the Microsoft Dynamics AX product.

Additional skills recommended

• General working knowledge of General Ledger, Accounts Receivable, Accounts Payable, and Fixed Assets functionality of Microsoft Dynamics AX.

Microsoft online resources

• MSDN: The Microsoft Developer Network (MSDN) is a reference for developers that features code samples, technical articles, newsgroups, chats, and more.

• Training and certification newsgroups: There is a newsgroup for every Microsoft certification. By participating in the ongoing dialogue, you take advantage of a unique opportunity to exchange ideas with and ask questions of others, including more than 750 Microsoft Most Valuable Professionals (MVPs) worldwide.

Skills being measured
This certification exam measures your ability to do the following:

• Demonstrate a general working knowledge of General Ledger, Accounts Receivable, Accounts Payable, and Fixed Assets functionality of Microsoft Dynamics AX.

Exam specifics
Time requirements and questions

• 90 minutes to complete the exam

• 69 questions, with a passing rate of 70 percent

• Multiple choice and multiple answer questions

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