Here are some typical finance interview questions for a role working with Microsoft Dynamics AX/Dynamics 365 Finance (formerly Axapta):
General Finance and Accounting Knowledge:
- Explain the difference between a debit and a credit. Give examples of how they impact different accounts (assets, liabilities, equity, revenue, expenses).
- Describe the accounting cycle. What are the key steps involved?
- What are the main financial statements and what information does each provide? (Balance Sheet, Income Statement, Cash Flow Statement)
- What is the purpose of a chart of accounts? How does it help with financial reporting?
- Explain different inventory valuation methods (FIFO, LIFO, Weighted Average). What are the pros and cons of each?
- What is depreciation? Explain different depreciation methods (Straight-Line, Declining Balance).
- Describe internal controls and their importance in preventing fraud and ensuring accuracy.
Dynamics AX/D365 Finance Specific Questions:
- Describe your experience working with Dynamics AX/D365 Finance. Which modules are you most familiar with (General Ledger, Accounts Payable, Accounts Receivable, Budgeting, Cost Accounting, Fixed Assets, etc.)?
- How would you set up a new company in Dynamics AX/D365 Finance? What master data needs to be configured?
- Explain the purpose of financial dimensions in Dynamics AX/D365 Finance. How can they be used for reporting and analysis?
- How would you configure a new bank account in Dynamics AX/D365 Finance? What information is required?
- Describe the process of creating and posting a journal entry in Dynamics AX/D365 Finance. What are some common reasons for journal entry errors?
- How would you set up and manage vendors and customers in Dynamics AX/D365 Finance?
- Explain the Accounts Payable invoice process in Dynamics AX/D365 Finance, from invoice entry to payment.
- Explain the Accounts Receivable collection process. How would you handle customer disputes or write-offs?
- How can you reconcile bank statements in Dynamics AX/D365 Finance?
- Describe the process of creating and managing budgets in Dynamics AX/D365 Finance.
- How would you perform month-end closing activities in Dynamics AX/D365 Finance? What are the key steps involved?
- Have you worked with configuring financial reports in Dynamics AX/D365 Finance? (e.g., using Management Reporter or Electronic Reporting)
- Describe your experience with data migration in Dynamics AX/D365 Finance. What tools and techniques have you used?
- How would you troubleshoot a common finance-related issue in Dynamics AX/D365 Finance (e.g., an unbalanced journal entry, a problem with invoice processing)?
- Explain your understanding of the security roles and permissions within Dynamics AX/D365 Finance.
Scenario-Based Questions:
- “A user is unable to post a journal entry. What steps would you take to troubleshoot the issue?”
- “How would you handle a situation where a vendor invoice is received with incorrect pricing?”
- “A customer has made a payment, but the invoice is not being automatically cleared in the system. What could be the cause and how would you resolve it?”
- “How would you set up a new financial dimension to track expenses by department?”
- “Describe a time when you identified an inefficiency in a finance process and how you improved it using Dynamics AX/D365 Finance.”
Questions for You to Ask:
- What are the key priorities for the finance department in the next year?
- What opportunities are there for professional development and training related to Dynamics AX/D365 Finance?
- What is the team structure and how does this role fit within the finance department?
- What version of Dynamics AX/D365 Finance are you currently using?
Remember to tailor your answers to the specific role and company. Be prepared to provide concrete examples from your past experience. Good luck!