Microsoft MB7-701 Q&A - in .pdf

  • MB7-701 pdf
  • Exam Code: MB7-701
  • Exam Name: Microsoft Dynamics NAV 2013 Core Setup and Finance
  • Updated: Aug 30, 2026
  • Q & A: 78 Questions and Answers
  • Convenient, easy to study.
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  • Exam Code: MB7-701
  • Exam Name: Microsoft Dynamics NAV 2013 Core Setup and Finance
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  • Updated: Aug 30, 2026
  • Q & A: 78 Questions and Answers
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Microsoft MB7-701 Q&A - Testing Engine

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  • Exam Code: MB7-701
  • Exam Name: Microsoft Dynamics NAV 2013 Core Setup and Finance
  • Updated: Aug 30, 2026
  • Q & A: 78 Questions and Answers
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Every unsuccessful attempt at the MB7-701 exam costs another full registration fee, not to mention weeks of lost momentum. Before risking that, candidates throughout 2026 are validating their readiness with the Microsoft Dynamics NAV 2013 Core Setup and Finance practice questions from ActualCollection.

Microsoft MB7-701 Exam Overview:
Certification Vendor:Microsoft
Exam Name:Microsoft Dynamics NAV 2013 Core Setup and Finance
Exam Number:MB7-701
Available Languages:English
Real Exam Qty:40-60
Passing Score:700 (on a 1000 scale)
Related Certifications:Microsoft Certified Solutions Associate (MCSA): Dynamics NAV 2013
Microsoft Certified Professional (MCP)
Certificate Validity Period:Retired (no longer active certification)
Exam Price:USD 165 (may vary by region)
Exam Duration:120 minutes
Exam Format:Case studies, Scenario-based questions, Multiple choice
Sample Questions: DOWNLOAD DEMO
Exam Way:Proctored exam (online or authorized testing center, depending on availability at the time of operation)
Pre Condition:Recommended: basic knowledge of Microsoft Dynamics NAV and accounting principles
Official Syllabus URL:https://learn.microsoft.com/en-us/credentials/certifications/
Microsoft MB7-701 Exam Syllabus Topics:
SectionObjectives
Topic 1: Core Financial Processes- Cash and bank management
  • 1. Bank account setup and reconciliation
    • 2. Cash flow management
      - Accounts Payable and Receivable
      • 1. Vendor and customer management
        • 2. Invoice and payment processing
          Topic 2: Financial Management Setup- Posting and accounting setup
          • 1. Posting setup rules
            • 2. VAT and tax configuration
              - General Ledger configuration
              • 1. Posting groups and dimensions
                • 2. Chart of accounts setup
                  Topic 3: Reporting and Analysis- Financial reporting
                  • 1. Standard financial statements
                    • 2. Account schedules
                      - Data analysis tools
                      • 1. Dimensions analysis
                        • 2. Business intelligence integration
                          Topic 4: Microsoft Dynamics NAV Installation and Setup- System requirements and installation planning
                          • 1. Hardware and software prerequisites
                            • 2. Installation components and architecture
                              - Company and environment configuration
                              • 1. Creating and configuring companies
                                • 2. User setup and permissions
                                  Topic 5: Inventory and Resource Management- Inventory setup
                                  • 1. Item cards and categories
                                    • 2. Inventory posting setup
                                      - Costing and valuation
                                      • 1. Costing methods
                                        • 2. Inventory valuation and adjustments

                                          MB7-701 (Microsoft) Exam FAQs: What Candidates Ask Most

                                          Microsoft Dynamics NAV 2013 Core Setup and Finance is an official Microsoft exam, registered under the code MB7-701. A passing score earns you the Microsoft Dynamics NAV 2013 certification, positioned at the Professional level. The credential also connects to Microsoft Certified Solutions Associate (MCSA): Dynamics NAV 2013, Microsoft Certified Professional (MCP), so it can anchor a broader certification path. Because Microsoft designs its exams around real job tasks, holding this certification signals practical skill rather than memorized theory.

                                          Candidates face 40-60 questions inside a 120 minutes window on the Microsoft Dynamics NAV 2013 Core Setup and Finance exam. That ratio leaves little slack, which is why pacing deserves as much practice as the content itself. Learn to budget your minutes, park stubborn questions instead of wrestling them, and rehearse under a real clock: a few timed runs in the ActualCollection test engine will make the official time limit feel routine rather than threatening.

                                          The passing bar for Microsoft Dynamics NAV 2013 Core Setup and Finance is set at 700 (on a 1000 scale), and registering for the exam officially costs USD 165 (may vary by region). There is no reduced price for a second try: fail, and you pay USD 165 (may vary by region) in full again. That makes honest self-testing the cheapest insurance available, so hold off on booking until your ActualCollection practice scores sit clearly above the passing line, attempt after attempt.

                                          Recommended: basic knowledge of Microsoft Dynamics NAV and accounting principles

                                          Vendor policies are revised from time to time, so double-check the eligibility details before registering on the official exam page.

                                          Absolutely. A free PDF demo of the Microsoft Dynamics NAV 2013 Core Setup and Finance questions is available at ActualCollection, so you can inspect the quality and formatting before any money changes hands. Once you buy, updates are free for 365 days, and when that period runs out you can extend the update service at 50% off the regular price.

                                          ActualCollection offers a 100% money-back guarantee with specific conditions. If you take the Microsoft Dynamics NAV 2013 Core Setup and Finance exam within 60 days of purchase and fail, you may claim a full refund, provided the exam matches your product. Sitting the exam within 3 days of purchase disqualifies a claim, as do downloaded-but-unused products, free materials, and expired orders; the candidate name must also match the payer name. To file, submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the claim is processed within 7 days. If you prefer, you can skip the refund and instead receive two other exam products of equal value at no charge while keeping the update service on your original purchase.

                                          As for delivery: it is immediate. Your files become downloadable the moment payment completes and are also emailed to you within one minute. If nothing shows up within 2 hours, contact customer service. You may install the software on an unlimited number of computers.

                                          Microsoft Dynamics NAV 2013 Core Setup and Finance is divided into 5 official domains. Among the headline areas are Core Financial Processes, Financial Management Setup, and Reporting and Analysis. Scroll up to the exam topics section for the full breakdown, and use it as a checklist: any line you cannot confidently explain deserves another round of practice.

                                          Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

                                          Question 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.


                                          Question 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


                                          Question 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.


                                          Question 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


                                          Question 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:

                                          Question 1
                                          Answer: A
                                          Question 2
                                          Answer: B
                                          Question 3
                                          Answer: A
                                          Question 4
                                          Answer: C
                                          Question 5
                                          Answer: B

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