Microsoft MB7-701 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Manage Finance Essentials | 24% | - Work with chart of accounts and G/L entries - Use journals, batches, and posting routines - Manage VAT, currencies, and exchange rates - Process accounts receivable and payable |
| Topic 2: Manage Advanced Finance | 20% | - Create account schedules and financial reports - Set up and use cost accounting - Configure cash flow management - Perform closing procedures and consolidations |
| Topic 3: Set Up an Application | 21% | - Configure company information and fiscal periods - Define dimensions and dimension sets - Set up number series and posting groups - Configure general ledger setup |
| Topic 4: Configure Fixed Assets | 14% | - Set up fixed asset cards and depreciation books - Manage acquisitions, disposals, and transfers - Configure insurance and reporting - Process depreciation and maintenance |
| Topic 5: Set Up the Microsoft Dynamics NAV Environment | 21% | - Manage users, permissions, and security - Implement Rapid Start Services - Configure basic system settings - Personalize and customize the interface |
Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:
Question #1
You need to record maintenance costs using the fixed asset journal. Which field should you set?
A. Maintenance Vendor No
B. Under Maintenance
C. FA Posting Type
D. Next Service Date
Question #2
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
Question #3
A fixed asset with a book value of $1000 is depreciated to an expected salvage value of S100 in 48 time periods.
The depreciation amount must be the same each period.
Which depreciation method should you assign to the depreciation book?
A. Half-Year Convention
B. Declining-Balance 1
C. DB2/SL
D. Straight-Line
Question #4
Which statement about cost allocations is true?
A. Cost allocations can be nested, and a cost allocation can have a fixed amount.
B. The total allocation percentage is always 100, and a time period applies to cost allocations.
C. A cost allocation can have a fixed amount, and the total allocation percentage is always
100.
D. A cost allocation can have a fixed amount and a time period applies to cost allocations.
Question #5
What amounts can you always view and analyze from the Analysis by Dimensions Matrix window?
A. The dimensions defined in the analysis view, Global Dimension 1, and Global Dimension 2
B. Global Dimension 1, Global Dimension 2, andG/Laccounts
C. Cash flow accounts,G/Laccounts, and period
D. The dimensions defined in the analysis view,G/Laccounts, and period
Solutions:
| Question #1 Correct Answer: C | Question #2 Correct Answer: C | Question #3 Correct Answer: D | Question #4 Correct Answer: B | Question #5 Correct Answer: D |
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