MB7-701 Q&A DEMO Version - Chinatag.com

MB7-701 Dynamics NAV 2013 Core Setup and Finance

Q&A DEMO Version

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MB7-701 QUESTION NO: 1 You work as a Systems Administrator at ABC.com. The company has recently deployed a Microsoft Dynamics NAV 2013 system. You have been handed a list of Microsoft Dynamics NAV 2013 system users. You need to configure the Microsoft Dynamics NAV 2013 system to record when the users in the list log on to the system and the amount of time the users are logged on for. How should you configure the Microsoft Dynamics NAV 2013 system? A. By modifying the options in the User Setup page. B. By modifying the options in the Users page. C. By running the Get-NAVServerUserPermissionSet cmdlet. D. By modifying the options in the Application Setup page. Answer: A Explanation:

QUESTION NO: 2 Your role as Systems Administrator includes the management of the company’s Microsoft Dynamics NAV 2013 system. A new user in the Accounts department asks you what the Reason Codes on Sales Documents and Purchase Documents are used for. Which of the following statements is correct? A. You can assign different reason codes to the individual purchase and sales lines. B. A reason code indicates where an entry was created. C. The reason code is used when locating items using a location code. D. The reason code is used for analysis purposes and is copied to each general ledger, customer, and vendor entry. Answer: D Explanation:

QUESTION NO: 3 Your role as Systems Administrator includes the management of the company’s Microsoft 3

MB7-701 Dynamics NAV 2013 system. A new user in the Accounts department asks you about posting to a general ledger account in a customer posting group containing the general ledger account. Which of the following describes G/L account posting in a customer posting group? A. Direct posting is usually disabled in the G/L accounts. B. Indirect posting only is allowed. C. Direct posting only is allowed. D. Manual posting is prevented using the Blocked field in the G/L account. Answer: A Explanation:

QUESTION NO: 4 Your role as Systems Administrator includes the management of the company’s Microsoft Dynamics NAV 2013 system. A new user in the Accounts department receives the following error message: “COGS Account must have a unique value in General Posting Setup: Gen.Bus.Posting Group=NATIONAL, Gen. Prod. Posting Group=RETAIL. It cannot be zero or empty.” The user reports that the error occurred when he attempted to post a sales order. How can you resolve the error message? A. By navigating to the COGS Account Field in the Inventory Posting Setup page and entering a ledger account number. B. By navigating to the COGS Account Field in the General Business Posting Group page and entering a ledger account number. C. By navigating to the COGS Account Field in the General Posting Setup page and entering a ledger account number. D. By navigating to the COGS Account Field in Fixed Asset Posting Group page and entering a ledger account number. E. By navigating to the COGS Account Field in General Product Posting Group page and entering a ledger account number. Answer: C 4

MB7-701 Explanation:

QUESTION NO: 5 Your role as Systems Administrator includes the management of the company’s Microsoft Dynamics NAV 2013 system. You need to configure the Microsoft Dynamics NAV 2013 system to allow multiple users in the accounts receivable department to simultaneously enter data into a cash receipt journal while ensuring that each user’s data is isolated from other users while the data is being entered. What should you configure? A. No configuration is required. This is the default behavior. B. You should configure multiple journal templates each with different reason codes. C. You should configure multiple journal templates each with a different number series. D. You should configure multiple journal batches. Answer: D Explanation:

QUESTION NO: 6 Your role as Systems Administrator includes the management of the company’s Microsoft Dynamics NAV 2013 system. A user named Mia works in the Accounts department. You need to configure a purchase quote limit for Mia. You open the Approval Templates Table. Which of the following options should you select in the Limit Type Field? A. You should select the Approval Limits option. B. You should select the Credit Limits option. C. You should select the Request Limits option. D. You should select the No Limits option. Answer: C 5

MB7-701 Explanation:

QUESTION NO: 7 Your role as Systems Administrator includes the management of the company’s Microsoft Dynamics NAV 2013 system. The company often uses temporary Accountants from an external Accounting Company. The temporary Accountants do not have user accounts in Active Directory. They also use their own computers that do not have computer accounts in Active Directory. You need to provide the temporary Accountants access to Microsoft Dynamics NAV 2013. How should you provide the required access? A. By configuring authentication using the NavUserPassword credential type. B. By configuring authentication using the Windows credential type. C. By configuring authentication using the Username credential type. D. By configuring authentication using the Integrated Authentication credential type. Answer: A Explanation:

QUESTION NO: 8 Your role as Systems Administrator includes the management of the company’s Microsoft Dynamics NAV 2013 system. The Finance Manager has asked you to create a new fiscal year and configure the fiscal year to have 12 monthly accounting periods. You open the Accounting Periods window and select the Create Year option. Which two of the following steps should you perform next? (Choose two). A. In the No. of Periods field, enter a value of 1. B. In the No. of Periods field, enter a value of 12. 6

MB7-701 C. In the Period Length field, enter a value of 1M D. In the Period Length field, enter a value of 12M E. In the Period Length field, enter a value of Month Answer: B,C Explanation:

QUESTION NO: 9 Your role as Systems Administrator includes the management of the company’s Microsoft Dynamics NAV 2013 system. Financial rules state that all new customers must pay 10% upfront before their order is shipped. You need to configure Microsoft Dynamics NAV 2013 to enforce the requirement. Which three of the following actions should you perform? (Choose three) A. Configure a new customer posting group. B. Configure a new customer price group. C. Configure a Prepayment % of 10 D. Configure a Prepayment ? of 10 E. Enable the "Check Prepmt. when Posting" option in the Sales & Receivables Setup window. F. Enable the "Check Prepmt. when Posting" option in the General Ledger Setup window. Answer: B,D,E Explanation:

QUESTION NO: 10 Your role as Systems Administrator includes the management of the company’s Microsoft Dynamics NAV 2013 system. A new user in the Accounts department asks you how Microsoft Dynamics NAV 2013 calculates the Due Date of a Reminder. Which of the following is used with the Reminder Level Due Date Calculation to determine the Due Date of a Reminder? A. The Date of the Reminder Document. B. The Date of the original transaction document. C. The Date of the Reminder Document and the Reminder Level Grace Period. 7

MB7-701 D. The Date of the original transaction document and the Reminder Level Grace Period. Answer: A Explanation:

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