pass4sure microsoft MB7-515 v2.83

NAV 5.0 Financials : MB7-515 Exam
Product DescriptionExam Number/Code: MB7-515
Exam Name:NAV 5.0 Financials

“NAV 5.0 Financials”, also known as MB7-515 exam, is a Microsoft certification. With the complete collection of questions and answers, Pass4sure has assembled to take you through 160 Q&As to your MB7-515 Exam preparation. In the MB7-515 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.

• Application Setup (30 percent)
Specific, General, and VAT Posting Groups
Determining Posting Groups
Managing User Rights, Including Logins, Roles and Permissions, and Advanced Security Setup
Create a New Company by Using the RIM Toolkit
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 (14 percent)
General Ledger Setup
Chart of Accounts
VAT Entries and Adjustment
Performing Bank Reconciliation
Creating General Ledger Budgets

• Payables and Receivables (34 percent)
Applying Customer Ledger Entries
Applying Vendor Ledger Entries
Payment Discounts and Tolerances
Reminders and Finance Charge Memos
Payment Journals
Unapplying and Reversing Transactions

• Multicurrency Operations (11 percent)
Updating Currency Exchange Rates for Foreign Currency Balances
Additional Reporting Currency

• Business Intelligence (11 percent)
Performing Analysis from the Chart of Accounts
Making Calculations by Using Account Schedules
Annual Closing Operations
Financial Analysis by Using Dimensions

Audience profile
Individuals who want to obtain a certification on Microsoft Dynamics NAV 5.0 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
To help you prepare for this exam, Microsoft Learning recommends that you have hands-on experience with the product and that you use the following training resources. These training resources do not necessarily cover all of the topics listed in the “Skills measured” section.

E-Learning courses for this exam

The following E-Learning courses are in development and will be available in early 2008:

• Collection 8601: Introduction to Microsoft Dynamics NAV 5.0

• Collection 8872: Application Setup in Microsoft Dynamics NAV 5.0

• Collection 8871: Finance in Microsoft Dynamics NAV 5.0

• Collection 8875: Business Intelligence for Information Workers in Microsoft Dynamics NAV 5.0

Note We strongly recommend that you use training materials in conjunction with the corresponding E-Learning to prepare for a certification exam.

Training materials for this exam

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

• Introduction to Microsoft Dynamics NAV 5.0

• Application Setup in Microsoft Dynamics NAV 5.0

• Finance in Microsoft Dynamics NAV 5.0

• Business Intelligence for Information Workers in Microsoft Dynamics NAV 5.0

Classroom training for this exam

• 8601: Introduction to Microsoft Dynamics NAV 5.0
• 8871: Finance in Microsoft Dynamics NAV 5.0
• 8872: Application Setup in Microsoft Dynamics NAV 5.0
• 8875: Business Intelligence for Information Workers in Microsoft Dynamics NAV 5.0

Additional skills recommended

• General working knowledge of Microsoft Windows 98, Microsoft Windows 2000, Windows XP, or Windows Vista, and knowledge of the installation process, and accounting rules and practices.

Microsoft online resources

• MSDN: Designed for developers, the Microsoft Developer Network (MSDN) features code samples, technical articles, downloads, newsgroups, and chats.

• Microsoft Learning Community: Join newsgroups and visit community forums to connect with your peers for suggestions on training resources and advice on your certification path and studies.

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

• Understand and articulate how to set up and use the Microsoft Dynamics NAV 5.0 Application Setup, Finance, and Business Intelligence for Information Workers modules effectively.

Exam specifics
Time requirements and questions

• 90 minutes to complete the exam

• 80 questions, with a passing rate of 70 percent

• Multiple choice and multiple answer questions

Registration

• Register now (Prometric.com)
1. What is the minimum acceptable level of security that requires that each user is assigned an ID and a password?

A. Record level security

B. Company level security

C. Table level security

D. Database level security

Answer: D

2. Which of the following statements is TRUE about dimensions? A. All dimensions are stored directly on the G/L entries.
B. Only global dimensions are stored directly on the G/L entries. C. Only budget dimensions are stored directly on the G/L entries. D. Only shortcut dimensions are stored directly on the G/L entries.
Answer: B

3. If you want to post a recurring journal entry on the last day of every month, how can you fill in the Recurring

Frequency field in the recurring journal? A. 1M+1D
B. 1M

C. 1M+CM D. CM+1D Answer: C

4. When you have selected the Recurring Method of Reversing Fixed on a recurring journal line, the program will post a reversing entry on what date?
A. The Posting Date + one month

B. The same date as the Posting Date on the journal line

C. The date after the Posting Date on the journal line

D. The Posting Date + the date formula in the Recurring Frequency field

Answer: C

5. Dimension Priorities for Sales Journal entries are set as “2″ for the Item table and “1″ for the Customer table.

TestInside MB6-515

What is the effect?

A. If the Dimension code has a value from the Customer Table and the Item Table, then the Customer table takes priority.
B. If the Dimension code has a value from the Item Table and the Customer Table, then the Item Table takes priority.
C. The program will resolve the conflict in favor of the last entered account. D. The Item Table always takes precedence.
Answer: A

6. What technique does Microsoft Dynamics NAV use to allow multiple users access to the database at the same time?
A. Database-version principle

B. Database redundancy

C. Read concurrency D. Read consistency Answer: A

7. The primary balance sheet G/L Account associated with the Customer Posting Group is: A. Accounts Receivable
B. Revenue

C. Accounts Payable

D. Vendors

Answer: A

8. General Business Posting Groups are: Choose the 2 that apply. A. Set up in the Financial Management area
B. Assigned to Vendor Cards

C. Assigned to Item Cards

D. Assigned to Resource Cards

Answer: AB

TestInside MB6-515

9. How are menus assigned to users?

A. While in the standard window, right-click the menu button of the menu that you want to assign, and then click

Assign Users.

B. While in the Navigation Pane Designer, right-click the menu button of the menu that you want to assign, and then click Properties.
C. While in the standard window, right-click the menu button of the menu that you want to assign, and then click

Assign.

D. While in the Navigation Pane Designer, right-click the menu button of the menu that you want to assign, and then click Assign Users.
Answer: D

10. What field must equal zero before you can post a General Journal? A. Balance
B. Balance Account No. C. Total Balance
D. Amount

Answer: C

pass4sure MB7-515
Questions and Answers : 160 Q&As Updated: October 3rd , 2008 Price: $159.99 $125.99
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