Microsoft MB7-701 Q&A - in .pdf

  • Exam Code: MB7-701
  • Exam Name: Microsoft Dynamics NAV 2013 Core Setup and Finance
  • Q & A: 78 Questions and Answers
  • PDF Price: $59.99
  • Printable Microsoft MB7-701 PDF Format. It is an electronic file format regardless of the operating system platform.
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Microsoft MB7-701 Q&A - Testing Engine

  • Exam Code: MB7-701
  • Exam Name: Microsoft Dynamics NAV 2013 Core Setup and Finance
  • Q & A: 78 Questions and Answers
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Microsoft MB7-701 Exam Syllabus Topics:

SectionWeightObjectives
Manage Finance Essentials24%- Process accounts receivable and payable
- Use journals, batches, and posting routines
- Manage VAT, currencies, and exchange rates
- Work with chart of accounts and G/L entries
Manage Advanced Finance20%- Set up and use cost accounting
- Configure cash flow management
- Perform closing procedures and consolidations
- Create account schedules and financial reports
Set Up the Microsoft Dynamics NAV Environment21%- Personalize and customize the interface
- Manage users, permissions, and security
- Configure basic system settings
- Implement Rapid Start Services
Set Up an Application21%- Define dimensions and dimension sets
- Configure general ledger setup
- Configure company information and fiscal periods
- Set up number series and posting groups
Configure Fixed Assets14%- Set up fixed asset cards and depreciation books
- Configure insurance and reporting
- Manage acquisitions, disposals, and transfers
- Process depreciation and maintenance

Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

Question 1

Which two options do you use to track the maintenance of fixed assets? (Each correct answer presents part of the solution. Choose two.)

A. Maintenance Vendor No. and Next Service Date
B. Maintenance Vendor No. and Service Period
C. Under Maintenance and Repair Status Code
D. Under Maintenance and Warranty Date


Question 2

A customer reports that in the RoleTailored client, the Customer Statistics FactBox takes up too much space on the customer list page. What should you do to remove the Customer Statistics FactBox?

A. Click Action on the Customer Statistics FactBox and select Remove.
B. Click the ribbon on the customer list page, click Customize, and then click Remove Customer Statistics FactBox.
C. Click the Customer Statistics FactBox and drag it out of the customer list page.
D. Right-click the Customer Statistics FactBox and select Remove.


Question 3

How do you adjust the amount of payment discount on an invoice entry in the Customer Ledger Entry table?

A. Reduce the value in the Remaining Amount field, so the difference between the Original Amount and Remaining Amount will be posted to the payment discount account.
B. Enter the new discount amount in the Remaining Pmt. Disc. Possible field.
C. You cannot adjust the discount amount after posting.
D. Enter the new discount amount in the Original Pmt. Disc. Possible field.


Question 4

You need to record maintenance costs using the fixed asset journal. Which field should you set?

A. FA Posting Type
B. Next Service Date
C. Maintenance Vendor No
D. Under Maintenance


Question 5

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


Solutions:

Question 1
Answer: A,D
Question 2
Answer: C
Question 3
Answer: B
Question 4
Answer: A
Question 5
Answer: D

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