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Microsoft MB7-701 Exam Syllabus Topics:

Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

Question 1

A company uses dimension values for every posting on ledger accounts for sales turnover.
A sales order invoice is posted. The sales order header includes a valid code for the relevant salesperson.
Which statement is true?

A. Dimension values on the sales order lines cannot be taken from the customer card.
B. The dimension value posting on the sales revenue ledger account cards is set to Code Mandatory for the relevant sales dimension values.
C. Dimension set IDs on the sales order lines cannot have the same code as the dimension set ID on the sales order header.
D. Dimension set IDs on the sales order lines and the dimension set ID on the sales order header cannot be viewed before posting.

Question 2

A company has a large number of part-time employees, each working a different number of hours every week. The payroll expense for these employees must be recorded weekly. You set up a recurring journal.
Which Recurring Method should you use to record the payroll expenses?

A. Balance
B. Reversing Fixed
C. Fixed
D. Variable

Question 3

Which options can be compared by the Budgets feature in Microsoft Dynamics NAV?

A. G/L accounts, periods, and analysis views
B. G/L accounts, periods, and global dimensions
C. Departments, projects, and customer groups
D. Departments, projects, and G/L accounts

Question 4

A user posts a fixed asset (FA) appreciation of $20,000 on fixed asset X.
The value of this appreciation must also be taken into account o the next monthly depreciation calculation.
You need to ensure that the added value of fixed asset X is depreciated over time. You enable Part of Depreciable Basis for the FA posting type Appreciation.
Where is the correct location to set up the depreciable basis?

A. Fixed assets setup
B. Fixed asset cards
C. FA G/L journals
D. Depreciation books

Question 5

Which two actions do the Begin-Total and End-Total accounts on the Chart of Accounts page enable you to do? (Each correct answer presents a complete solution. Choose two.)

A. View the total for a range of G/L accounts.
B. Group G/L accounts with the same dimensions.
C. Compare the G/L balance in different time periods.
D. Indent the Chart of Accounts to improve readability.

Solutions: