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Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

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

A) Generally these G/L accounts are set up to allow direct posting as well as indirect posting.
B) Generally these G/L accounts are set up to not allow direct posting.
C) Generally these G/L accounts are set up to allow only direct posting.
D) Generally these G/L accounts are set up with the Blocked field enabled to prohibit manual posting.

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

A) Create a customer price group with a Prepayment ? of 10 and select Check Prepmt. WhenPosting in the Sales & Receivables Setup window.
B) Create a customer posting group with a Prepayment % of 10 and enable Check Prepmt. When Posting in the General Ledger Setup window.
C) Create a customer posting group with a Prepayment % of 10 and enable Check Prepmt. WhenPosting in the Sales & Receivables Setup window.
D) Create a customer price group with a Prepayment ? of 10 and set the Blocked field to Ship on the Customer Card window.

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

A) Under Maintenance
B) Maintenance Vendor No
C) Next Service Date
D) FA Posting Type

4. What effect does setting the Fix Exchange Rate Amount field in the Currency Exchange Rates window have in Microsoft Dynamics NAV?

A) It determines the threshold over which currency conversion rounding errors are repaired.
B) It determines whether the currency or the relational currency exchange rate can be changed on transactions and journals.
C) It determines the threshold under which currency conversion rounding errors are repaired.
D) It determines the exchange rate to be used when the Adjust Exchange Rates batch job is run.

5. Which options can be compared by the Budgets feature in Microsoft Dynamics NAV?

A) Departments, projects, and customer groups
B) Departments, projects, and G/L accounts
C) G/L accounts, periods, and global dimensions
D) G/L accounts, periods, and analysis views

Solutions:

Question # 1 Answer: B

Question # 2 Answer: A

Question # 3 Answer: D

Question # 4 Answer: B

Question # 5 Answer: B