pass4sure microsoft MB7-225 v2.83

Navision 4.0 Financials : MB7-225 Exam

Exam Number/Code: MB7-225
Exam Name: Navision 4.0 Financials
VUE Code: NAV 40-225
Questions Type: Multiple choice,
Real Exam Question Numbers: 68 questions
Passing Scores: 70%
Exam Language(s): English,Czech,Danish,Dutch,Estonian,Finnish,French,German,Italian,Lithuanian,Latvian ,

Norwegian,Polish ,Portuguese ,Russian ,Spanish ,Swedish

“Navision 4.0 Financials”, also known as MB7-225 exam, is a Microsoft certification.
Preparing for the MB7-225 exam? Searching MB7-225 Test Questions, MB7-225 Practice Exam, MB7-225 Dumps?

With the complete collection of questions and answers, Pass4sure has assembled to take you through 219 questions to your MB7-225 Exam preparation. In the MB7-225 exam resources, you will cover every field and category in Microsoft Business Solutions helping to ready you for your successful Microsoft Certification.
Exam topics covered
The following list includes the topic areas covered on this exam. The percentage indicates the portion of the exam that addresses a particular skill.

• Dimensions, Journals, and Posting Groups (28 percent)
Specific, General, and VAT Posting Groups
Determining Posting Groups
Creating New Dimensions and Dimension Values
Combining Dimensions
Default Dimensions
Creating Journal Templates, Batches, and Entries
Posting Journal Entries
Recurring Journals
Posting Corrections in General Journals

• General Ledger and Taxes (16 percent)
General Ledger Setup
Chart of Accounts
Creating Bank Accounts
Performing Bank Reconciliation
Creating General Ledger Budgets

• Payables, Receivables, and Fixed Assets (31 percent)
Analyzing Receivables
Applying Customer Ledger Entries
Unapplying and Reversing Transactions
Payment Discounts and Tolerances
Reminders and Finance Charge Memos
Payment Journals
Payment Discounts
Voiding Checks
Fixed Asset Setup
Fixed Asset Transactions
Fixed Asset Reclassifications
Fixed Asset Maintenance
Fixed Asset Insurance

• Multicurrency Operations (10 percent)
Updating Currency Exchange Rates for Foreign Currency Balances
Additional Reporting Currency

• Analysis and Reporting (10 percent)
Performing Analysis from the Chart of Accounts
Making Calculations Using Account Schedules
Annual Closing Operations
XBRL
Financial Analysis Using Dimensions

• Resources and Jobs (5 percent)
Resources
Jobs

Audience profile
Individuals who want to obtain a certification on Microsoft Business Solutions – Navision (now Microsoft Dynamics NAV) 4.0 Financials should take this exam.

Credit toward certification
When you pass this exam, you earn credit toward the following certifications:

• Microsoft Certified Business Management Solutions Specialist
• Microsoft Certified Business Management Solutions Professional – Applications for Microsoft Dynamics NAV
• Microsoft Certified Business Management Solutions Professional – Developer for Microsoft Dynamics NAV
• Microsoft Certified Business Management Solutions Professional –Installation and Configuration for Microsoft Dynamics NAV
Preparation tools and resources
In addition to your hands-on experience working with the product, we highly recommend that you use the following tools and training to help you prepare for this exam.

E-Learning courses for this exam

• Collection 8324: Introduction to Microsoft Dynamics NAV 4.0
• Collection 8384: Financials I in Microsoft Dynamics NAV 4.0
• Collection 8405: Financials II in Microsoft Dynamics NAV 4.0

Training materials for this exam
Training materials for Microsoft Dynamics can be ordered through your local partner.

• Microsoft Business Solutions – Navision 4.0 Introduction

• Microsoft Business Solutions – Navision 4.0 Financials I

• Microsoft Business Solutions – Navision 4.0 Financials II

• Microsoft Business Solutions – Navision 4.0 Fixed

• Microsoft Business Solutions – Navision 4.0 Resources and Jobs

Classroom training for this exam

• Course 8324: Microsoft Business Solutions – Navision 4.0 Introduction
• Course 8384: Microsoft Business Solutions – Navision 4.0 Financials I
• Course 8405: Microsoft Business Solutions – Navision 4.0 Financials II
• Course 8357: Microsoft Business Solutions – Navision 4.0 Fixed Assets
• Course 8358: Microsoft Business Solutions – Navision 4.0 Resources and Jobs

Supplemental learning resources

• Online Help within the Microsoft Dynamics NAV 4.0 product

Additional skills recommended

• General working knowledge of Microsoft Windows 98, Windows 2000, or Windows XP

• Knowledge of the installation process

• Familiarity with accounting rules and practices

Microsoft online resources

• MSDN: The Microsoft Developer Network (MSDN) is a reference for developers that features code samples, technical articles, newsgroups, chats, and more.

• Training and certification newsgroups: There is a newsgroup for every Microsoft certification. By participating in the ongoing dialogue, you take advantage of a unique opportunity to exchange ideas with and ask questions of others, including more than 750 Microsoft Most Valuable Professionals (MVPs) worldwide.

Skills being measured
This certification exam measures your ability to do the following:

• Understand and articulate how to set up and effectively use the financial management, fixed assets, resources, and jobs modules in Microsoft Dynamics NAV 4.0.

Exam specifics
Time requirements and questions

• 90 minutes to complete the exam

• 68 questions, with a passing rate of 70 percent

• Multiple choice and multiple answer questions

Registration

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QUESTION 1:
Which of the following statements is TRUE about dimensions? A. All dimensions are stored directly on the G/L entries.
B. Only budget dimensions are stored directly on the G/L entries.
C. Only global dimensions are stored directly on the G/L entries.
D. Only shortcut dimensions are stored directly on the G/L entries. Answer: C
QUESTION 2:
Which posting groups are combined in the General Posting Setup table? A. General Product Posting Group
B. Vendor Posting Group
C. General Business Posting Group
D. Customer Posting Group

Answer: A,C

QUESTION 3:

Entering the payment amount in the Payment Journal window before applying the entries
in the Apply Vendor Entries window enables the program to calculate and warn you about the possibility of which of the following?

A. Payment Tolerance
B. Discount Percentages
C. Payment Discount Tolerance
D. Payment Discounts

Answer: A,C

QUESTION 4:
Which of the following can be specificed when setting up Payment Tolerance? A. Max. Payment Tolerance Amount
B. Payment Discount Grace Period
C. Min. Payment Tolerance Amount
D. Payment Tolerance Percentage

Answer: A,B,D

QUESTION 5:
The Resource Availability window allows you to: A. Enter the capacity for a resource.
B. View the availability of resources for allocation to jobs or service orders.
C. Allocate the capacity of a resource to a service order. D. Allocate the capacity of a resource to a job.

Answer: B

QUESTION 6:

Certkiller .com is a subsidiary of a Canadian Company. The company wants to automatically record amounts in both U.S. dollars and Canadian dollars. What happens when Certkiller .com enters a Currency Code in the Additional Reporting Currency and runs the Adjust Add. Reporting Currency batch job?

A. The process will insert the Additional Reporting Currency Code in the Currency Code field on all G/L accounts.
B. The process will set the option in the Exchange Rate Adjustment field on G/L
accounts to Adjust Amounts.
C. The process will fill in the Additional-Currency Amount field on all G/L entries with the value in the Amount field converted to the additional reporting currency.
D. The process will modify the Amount field on all G/L entries to show the current value
in the additional reporting currency amount field.

Answer: C

QUESTION 7:
The first step in using Finance Credit Memos is to: A. Issue Reminders.
B. Post Reminder Terms.
C. Set up Finance Charge Terms. D. Set up Reminder Terms.

Answer: C

QUESTION 8:

Each department in Certkiller .com prepares a department budget but not all departments have access to Navision. How can you create both the consolidated and department
budgets in Navision?

A. Each department should manually enter the department budget into the program using
each combination of the dimension values in the dimension filters.
B. The consolidated budget and department budgets should be manually entered into the program.
C. The department budgets should be prepared in Excel and imported into the program
by using the Import from Excel function and with the Option field set to dd Entries. PSRUWIURP([FHOIXQFWLRQDQGZLWKWKH2SWLRQILHOGVHWWR ? GG(QWULHV
D. The department budgets should be prepared in Excel and imported into the program with the Import to Option of "Replace Entries".

Answer: C

QUESTION 9:

In addition to summarizing per Vendor, you can also select what other option in the
Suggest Vendor Payment window?

A. Summarize per Payment
B. Summarize per Dimension
C. Summarize per Bank Account Posting Group
D. Summarize per Vendor Posting Group

Answer: B

QUESTION 10:
Which of the following is a limitation of the exporting of analysis views to Excel? A. You cannot export Balance at Date amounts.
B. "Begin-Total" accounts are not exported.
C. You cannot export analysis view entries for accounts and dimensions with the
"Totaling" Type.
D. You cannot export analysis view entries for accounts and dimension values with the osting Type .

Answer: C

QUESTION 11:
To adjust your fixed asset values for general price-level changes, you should use the: A. Calculate Depreciation batch job
B. Index Fixed Assets batch job
C. Cancel FA Ledger Entries batch job
pass4sure MB7-225
Questions and Answers : 219 questions
Updated: 2008-2-15
Market Price: $159.99
Member Price: $125.99

MBS [ MB7-225 ]Navision 4.0 Certification is one of the newest released exams for Microsoft Business Solutions Certificates. MB7-225 Pass4sure build the questions pool immediately after got the news from Microsoft Business Solutions provider, so candicates will get the latest material for preparing this exam from pass4sure. The candidate who successfully passed this exam indicates that he has mastered the knowledge and skills of Navision 4.0 Certification.

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