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Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

1. You implement the following rule in the Cost Accounting module: Income (G/L) = Operational Value + Actual Accruals
Which two statements are always true? (Each correct answer presents part of the solution. Choose two.)

A) Non-G/L-related cost postings are always posted to a cost center and a cost object.
B) Non-G/L-related cost postings are always posted with a single balancing account.
C) G/Laccounts of type Balance Sheet are not transferred.
D) AllG/Lentries from income statements are transferred.

2. Users in the accounting department can enter journal data at the same time into Microsoft Dynamics NAV.
How do you ensure that each user's work is isolated from other users during data entry?

A) No additional configuration is required because each user's work is automatically isolated in Microsoft Dynamics NAV based on their User I
B) Create a separate journal batch for each user.
C) Create a separate journal template for each user, with each template having a different Source Code.
D) Create a different number series for each user.

3. What does the Adjust Exchange Rates batch job do in relation to customer records?

A) It scans the open Customer Ledger Entry records and creates a new Detailed Customer Ledger Entry that reflects the adjusted amount on the transaction.
B) It scans the Customer Ledger Entry records before the batch job's Posting Date and posts the adjusted amounts to the Realized Gains Acc. and Realized Losses Acc. for the currency.
C) It scans the open Customer Ledger Entry records and posts the adjusted amounts to the Realized Gains Acc. and Realized Losses Acc. for the currency.
D) It scans all Customer Ledger Entry records and creates a new Detailed Customer Ledger Entry that reflects the adjusted amount on the transaction.

4. You post a physical inventory journal line in the warehouse module. This posting creates a G/L entry. General posting groups X and Y are available to accommodate the resulting G/L entry.
Which set of general posting groups on the General Posting Setup window is used to create the G/L entry records?

A) General Business Posting.Group X and General Product Posting Group <Blank>
B) General Business Posting.Group <Blank> and General Product Posting Group <Blank>
C) General Business Posting.Group <BLANK> and General Product Posting Group
D) General Business Posting.Group X and General Product Posting Group Y

5. What are the components of an account schedule?

A) A schedule name, a list of G/L accounts, and a column layout
B) An analysis view name, a list of lines, and a defined list of G/L accounts
C) An analysis view name, a defined list of G/L accounts, and a column layout
D) A schedule name, a list of lines, and a column layout

Solutions: