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Microsoft MB7-701 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Manage Finance Essentials | 24% | - Work with chart of accounts and G/L entries - Process accounts receivable and payable - Manage VAT, currencies, and exchange rates - Use journals, batches, and posting routines |
| Topic 2: Manage Advanced Finance | 20% | - Configure cash flow management - Perform closing procedures and consolidations - Create account schedules and financial reports - Set up and use cost accounting |
| Topic 3: Configure Fixed Assets | 14% | - Manage acquisitions, disposals, and transfers - Configure insurance and reporting - Set up fixed asset cards and depreciation books - Process depreciation and maintenance |
| Topic 4: Set Up the Microsoft Dynamics NAV Environment | 21% | - Implement Rapid Start Services - Personalize and customize the interface - Configure basic system settings - Manage users, permissions, and security |
| Topic 5: Set Up an Application | 21% | - Configure general ledger setup - Define dimensions and dimension sets - Configure company information and fiscal periods - Set up number series and posting groups |
Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:
1. You create a new customer.
You need to add posting group information.
Which FastTab do you use to add the posting group information?
A) Payments FastTab
B) General FastTab
C) Invoicing FastTab
D) Foreign Trade FastTab
2. You need to turn in your periodical value added tax (VAT) declaration. Where can you report the tax amounts to be settled?
A) VAT statements
B) VAT registers
C) VAT exceptions
D) VAT adjustments
3. You have the rule:
Cost Type Balance = Cost Center Balance + Cost Object Balance
Which two statements are true? (Each correct answer presents part of the solution. Choose two.)
A) All cost types are linked to both a cost center and a cost object.
B) All cost entries are linked to both a cost center and a cost object.
C) All cost entries are linked to either a cost center or a cost object.
D) All cost types are linked to either a cost center or a cost object.
4. A company has users that have only infrequent access to Microsoft Dynamics NAV. These users bring their own laptops, which are not part of the client network. These users have not been added to Active Directory.
You need to set up authentication for these users.
Which type of user authentication should you use?
A) SQL Server
B) UserName
C) NavUserPassword
D) Windows
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) Indent the Chart of Accounts to improve readability.
B) Compare the G/L balance in different time periods.
C) View the total for a range of G/L accounts.
D) Group G/L accounts with the same dimensions.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: C,D | Question # 4 Answer: C | Question # 5 Answer: A,C |
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