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Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

1. Which statement about cost allocations is true?

A) The total allocation percentage is always 100, and a time period applies to cost allocations.
B) Cost allocations can be nested, and a cost allocation can have a fixed amount.
C) A cost allocation can have a fixed amount, and the total allocation percentage is always
100.
D) A cost allocation can have a fixed amount and a time period applies to cost allocations.

2. Before posting a sales order invoice into the Financial module, you enter a valid dimension value code for DEPARTMENT and CUSTOMERGROUP in the sales order header. These dimensions, plus an additional dimension value code for PRODUCTGROUP, are entering on the sales order lines.
What dimension information is posted on the value added tax (VAT) entries as a result of the sales order?

A) The valid dimension combinations
B) None
C) Dimension value codes for each unique posting line
D) Dimension set ID

3. 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.
What steps should you take to post this transaction to the G/L entries and FA entries?

A) Create a sales invoice on a line using the Fixed Asset type with the amount of $600. The difference value (loss) is posted automatically.
B) Create a sales invoice on a line using the Fixed Asset type with the amount of $800 dollars and a second line using the G/L Account type with the amount of -/- $200.
C) Create a sales invoice on a line using the Fixed Asset type with the amount of $600, and then dispose of the fixed asset in the FA G/L journal for $200.
D) Create a sales invoice on a line using theG/LAccount type with the amount of 5600, then dispose of the fixed asset in the FAG/Ljournal for $800.

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

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

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

A) The new order keeps the Document Date from the quote, and the Order Date is the same as the Document Date from the quote. The order lines are not updated with the unit prices from the item cards.
B) The new order keeps the Document Date from the quote, and the Order Date is the same as the work date. The order lines are not updated with the unit prices from the item cards.
C) The new order's Document Date and Order Date are the same as the work date. The order lines are updated with the unit prices from the item cards.
D) The new order keeps the Document Date from the quote. The order lines are updated with the unit prices from the item cards.

Solutions: