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Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

1. 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 types are linked to either a cost center or a cost object.
C) All cost types are linked to both a cost center and a cost object.
D) All cost entries are linked to both a cost center and a cost object.

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 price group with a Prepayment ? of 10 and set the Blocked field to Ship on the Customer Card 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 posting group with a Prepayment % of 10 and enable Check Prepmt. When Posting in the General Ledger Setup window.

3. You are registering an acquired fixed asset.
You need to post the acquisition cost to the fixed asset (FA) ledger entries and the G/L entries.
What steps should you take?

A) Register the acquisition cost in a FA reclassification journal line and post the journal.
B) Register the acquisition cost in an FA journal line and post the journal.
C) Register the acquisition cost in a purchase invoice line and post the purchase invoice.
D) Register the acquisition cost in a G/L journal line and post the journal.

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

A) Running the Insurance - Uninsured FAs report creates a list of fixed assets that are not covered by insurance.
B) The posting fields on each insurance card must be populated before posting to a G/L.
C) Each insurance card must be linked to a predefined insurance type.
D) Depreciation books and insurance depreciation books are identical.

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

A) The actual and the budget amounts of the analysis view will be updated every time a transaction posts.
B) TheG/Laccounts specified in the analysis view will be updated every time a transaction posts.
C) The budget amounts of the analysis view will be updated every time a transaction posts.
D) The actual amounts of the analysis view will be updated every time a transaction posts.

Solutions: