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Microsoft MB7-701 Exam Syllabus Topics:

Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

Question 1

Which source type is not valid to use in cash flow forecasting?

A. Liquid Funds
B. G/LEntry
C. G/L Budget
D. Cash Flow Manual Revenue

Question 2

You have five sales orders with shipped lines that need to be invoiced on one sales invoice.
You use the Get Shipment Lines function on the sales invoice.
What happens to the sales orders when you post the sales invoice?

A. An internal sales return order is created with the same date as that of the invoice that is posted using the Ship and Invoice option.
B. The sales orders are deleted when you post the invoice.
C. The sales orders are updated with the value from the Invoiced Quantity field. You then have to delete the sales orders manually or by running the Delete Invoiced Sales Orders batch job.
D. The sales order shipment lines are reversed, and the sales invoices are posted using the Ship and Invoice option.

Question 3

When should you set the Appln. Between Currencies field in the Sales & Receivables Setup window to All?

A. When all invoices must be paid in the same currency as the original invoice.
B. When you must apply a customer's payment in a currency different than that of the customer card.
C. When you must apply a customer's payment in a currency different than that of the invoice.
D. When you must post an invoice to a customer in a currency different than that of the customer card.

Question 4

How do you set up a recurring journal that, after the initial posting, always posts on the last day of every month?

A. Enter CM+1M in the Recurring Method field.
B. Enter CM+1M in the Recurring Frequency field.
C. Enter 1M+CM in the Recurring Frequency field.
D. Enter 1M+CM in the Recurring Method field.

Question 5

Which two statements about fixed assets insurance are true? (Each correct answer presents a complete solution. Choose two.)

A. The posting fields on each insurance card must be populated before posting to a G/L.
B. Running the Insurance - Uninsured FAs report creates a list of fixed assets that are not covered by insurance.
C. Each insurance card must be linked to a predefined insurance type.
D. Depreciation books and insurance depreciation books are identical.

Solutions: