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Microsoft MB7-701 Exam Overview:
| Certification Vendor: | Microsoft |
|---|---|
| Exam Name: | Microsoft Dynamics NAV 2013 Core Setup and Finance |
| Exam Number: | MB7-701 |
| Exam Duration: | 90 minutes |
| Exam Format: | Scenario-based questions, Multiple choice, Case studies |
| Real Exam Qty: | 40-60 |
| Available Languages: | English |
| Certificate Validity Period: | Retired (no longer active) |
| Passing Score: | 700 / 1000 |
| Exam Price: | $165 USD (varies by region) |
| Recommended Training: | Microsoft Learn Dynamics NAV learning paths |
| Exam Registration: | Microsoft Certifications Portal |
| Sample Questions: | Microsoft MB7-701 Sample Questions |
| Exam Way: | Computer-based exam via online proctoring or test center |
| Pre Condition: | Basic knowledge of Microsoft Dynamics NAV financial modules recommended |
| Official Syllabus URL: | https://learn.microsoft.com/en-us/credentials/certifications/retired-certifications/ |
Microsoft MB7-701 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounts Payable | 15% | - Purchasing processes
|
| Topic 2: General Ledger | 20% | - Chart of accounts
|
| Topic 3: Accounts Receivable | 15% | - Sales processes
|
| Topic 4: Inventory and Costing | 10% | - Costing methods
|
| Topic 5: Financial Reporting and Posting | 5% | - Financial statements
|
| Topic 6: Setup and Configuration | 25% | - Company and environment setup
|
| Topic 7: Cash Management | 10% | - Bank account management
|
Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:
Question 1
Your client uses a dimension named ITEM CLASS with different dimension values to define different types of items on sales postings.
You need to modify the dimension settings so that sales-related ledger entries contain information on the type of item sold.
Which two actions should you perform? (Each correct answer presents part of the solution. Choose two.)
A. Set the Dimension Value Posting field for the ITEM CLASS dimension code to Code Mandatory for the sales-relatedG/Laccount cards.
B. Add a unique ITEM CLASS dimension value code to all individual item cards.
C. Set the Dimension Value Posting field for the ITEM CLASS dimension code to Same Code for the sales-relatedG/Laccount cards.
D. Add a unique ITEM CLASS dimension value code to all individual item category cards.
Question 2
How is the Due Date of a Reminder calculated?
A. Original transaction Document Date+Reminder Level Due Date Calculation + Reminder Level Grace Period
B. Reminder Document Date + Reminder Level Due Date Calculation + Reminder Level Grace Period
C. Reminder Document Date + Reminder Level Due Date Calculation
D. Original transaction Document Date + Reminder Level Due Date Calculation
Question 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 entries are linked to either a cost center or a cost object.
B. All cost entries are linked to both a cost center and a cost object.
C. All cost types are linked to either a cost center or a cost object.
D. All cost types are linked to both a cost center and a cost object.
Question 4
A company requires value added tax (VAT) for prepayments, and this is due when the invoice is paid. Which setup options should you use?
A. Unrealized VAT Type in the VAT Posting Setup window set to Last and Prepayment Unrealized VAT on the General Ledger Setup window
B. Unrealized VAT Type in the VAT Posting Setup window set to Last (Fully Paid) and Prepayment Unrealized VAT on the General Ledger Setup window
C. Unrealized VAT in the General Ledger Setup window and the Reverse Charge VAT calculation type
D. Unrealized VAT and Prepayment Unrealized VAT in the General Ledger Setup window
Question 5
How do you set the two global dimensions in a new installation of Microsoft Dynamics NAV?
A. Click Change Global Dimensions on the Actions tab on the General Ledger Setup window.
B. Populate the Shortcut Dimension Code 1 and Shortcut Dimension Code 2 fields on the Genera? Ledger Setup window.
C. Populate the Global Dimension 1 Code and Global Dimension 2 Code fields on the General Ledger Setup window.
D. Highlight all the records on the Chart of Accounts page, and then click Dimensions-Multiple on the Navigate tab to set the global dimensions on each G/L account.
Solutions:
| Question 1 Answer: A,B | Question 2 Answer: C | Question 3 Answer: A,C | Question 4 Answer: B | Question 5 Answer: A |
By Gill
