MB7-701 Exam Questions

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 tha...

You need to configure Microsoft Dynamics NAV to register when specific users log on and for how long they stay logged on. Which page should you use?

Which statement about the reason code on a sales credit memo is true?

A G/L account is used in a customer posting group. Which statement is correct?

What steps do you complete when setting up a recurring journal template? Choose the 2 that apply.

Number Series are used to assign unique identification numbers for many types of records in Microsoft Dynamics NAV. Which of the following records have number series assigned? Choo...

What is the first step that you must complete when setting up security for the RoleTailored client?

In the document approval system, what tasks does the approval administrator typically perform? Choose the 3 that apply.

Dimension priorities for Sales Journals are set as 1 for the Customer table and 2 for the Item table. What is the effect?

What are the standard steps to set up a data template and create new records from the Setup Master Templates page?

A company requires a 10% prepayment for all new customers before shipping their orders. Which steps should you take to enable this?

How is the Due Date of a Reminder calculated?

You need to ensure that users are prompted to confirm a payment discount before they post a short payment from a customer. What steps do you need to take in the General Ledger Setu...

A company has four open invoices, as described in the following table: All invoices are due on the same date, but you have only (LCY) 2000. Vendors B and C have been configured wit...

What happens in a general journal when the Amount on all the lines balances to zero?

How do you prevent users from posting transactions into a prior accounting period?

You need to turn in your periodical value added tax (VAT) declaration. Where can you report the tax amounts to be settled?

What effect does the Additional Reporting Currency field in the General Ledger Setup window have when running the Close Income Statement batch job?

A company has a large number of part-time employees, each working a different number of hours every week. The payroll expense for these employees must be recorded weekly. You set u...

Which settings should you use to allow value added tax (VAT) differences in purchase documents?

When processing purchase invoices, employees at a company enter the following information: order number, invoice number, vendor number, vendor order number, vendor invoice number,...

When creating purchase orders and purchase invoices, a company requires entering the order number, invoice number, vendor number, vendor order number, vendor invoice number, and it...

When entering a purchase invoice based on an associated purchase order, a user finds multiple item numbers on the vendor's invoice. You advise the user to process the invoice lines...

A customer reports that in the RoleTailored client, the Customer Statistics FactBox takes up too muchspace on the customer list page. What should you do to remove the Customer Stat...

You create a sales quote, your customer accepts the quote, and you convert the quote to an order. Which statement is true?

You set up a G/L account that is used by Microsoft Dynamics NAV subledgers such as Customer Item and Vendor entries. How should you prevent users from manually posting entries to t...

What is the main purpose of the Item Category Code field?

You need to change the description of an item on the Item List page for the RoleTailored client. Which standard keyboard shortcut should you use?

A customer is using the default sales order Role Center profile. In the ribbon, the sales invoice is displayed as a large icon and the sales order as a small icon. The user needs t...

You plan to use the Copy Budget function to create a budget for next year based on this year's budget. Income and cost are projected to increase by 4%. How should you create the ne...

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

You implement the following rule in the Cost Accounting module: Income (G/L) = Operational Value + Actual Accruals Which two statements are always true? (Each correct answer presen...

Which window is not an option for analyzing cash flow?

How many dimensions can you use as a filter in the G/L Budgets window?

Which statement about cost allocations is true?

What does the Adjust Exchange Rates batch job do in relation to customer records?

What amounts can you always view and analyze from the Analysis by Dimensions Matrix window?

What effect does setting the Fix Exchange Rate Amount fieldin the Currency Exchange Rateswindow have in Microsoft Dynamics NAV?

What does selecting the Update on Posting check box indicate in an analysis view?

You need to record maintenance costs using the fixed asset journal. Which field should you set?

A fixed asset with a book value of $1000 is depreciated to an expected salvage value of $100 in 48 time periods. The depreciation amount must be the same each period. Which depreci...

A company uses Microsoft Dynamics NAV Fixed Assets (FA) to keep track of gains and losses when selling fixed assets. A fixed asset has a value of $800. You sell the asset for $600....

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

Which two options do you use to track the maintenance of fixed assets? (Each correct answer presents part of the solution. Choose two.)

A user posts a fixed asset (FA) appreciation of $20,000 on fixed asset X. The value of this appreciation must also be taken into account on the next monthly depreciation calculatio...

You create a new customer. You need to add posting group information. Which FastTab do you use to add the posting group information?

A user enters th12 into a document date field. Which calendar date is the result of this entry?

You need to zoom in on the Item List page in the RoleTailored client so that you can view all available fields and their values at the same time. What should you do?

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...

A customer does not need the Responsibility Center and Location Code fields on the customer list and asks you to remove them. What should you do to remove these fields?