Microsoft Dynamics NAV 2013 Core Setup and Finance

Code: MB7-701

Exam MB7-701 - Microsoft Dynamics NAV 2013 Core Setup and Finance

Skills measured

This exam measures your ability to accomplish the technical tasks listed below. The percentages indicate the relative weight of each major topic area on the exam. The higher the percentage, the more questions you are likely to see on that content area on the exam.

Please note that the questions may test on, but will not be limited to, the topics described in the bulleted text.

Set up the Microsoft Dynamics NAV environment (21%)

  • Perform user personalization
    • Customize the ribbon and navigation pane; choose columns on List pages; add and remove a FactBox from the FactBox pane; add and remove FastTabs on pages; customize charts; customize parts on the Role Center page; change the profile and Role Center
  • Perform basic functions
    • Use keyboard shortcuts; enter and edit information; add OneNote to a record; add notes and links to records; send pages to Word and Excel; send pages as email attachments; print reports and documents; sort and search information; use FactBoxes; post documents
  • Configure master data for sales and purchase processes
    • Add general ledger (G/L) account cards; add chart of accounts pages; add customers and vendors; add item cards
  • Create and process sales and purchase orders
    • Create and process purchase orders; receive multiple purchase orders; create purchase invoices by using the Get Receipt Lines function; create sales quotes; convert quotes to sales orders; process sales orders

Set up an application (21%)

  • Manage user rights and profiles
    • Set up authentication; set up user rights; create permission sets; apply security filters; describe the setup of users and user profiles
  • Set up number series and trail codes
    • Set up and assign number series and number series relationships; assign customer numbers in the Sales & Receivables Setup window; set up source codes and reason codes; navigate the audit trail
  • Set up general journal templates and batches
    • Describe general journal template fields and batch fields; create general journal templates; open general journal batches from a general journal
  • Set up posting groups
    • Set up and assign specific posting groups, including customer, vendor, inventory and bank account posting groups; set up and assign general posting groups; set up and assign value added tax (VAT) posting groups; post and review sales transactions
  • Set up dimensions
    • Set up and use dimensions and dimension values; describe dimension combinations, default dimensions, account type default dimensions, default dimension priority, and conflicting default dimensions
  • Set up and manage document approvals
    • Set up document approvals; set up the notification system; set up and use a sales document approval system

Configure fixed assets (14%)

  • Set up fixed asset components
    • Set up fixed asset posting groups; set up depreciation books; set up fixed asset pages; set up main assets and asset components; record open transactions; make duplicate entries; copy fixed assets and fixed asset ledger entries
  • Set up fixed asset transactions
    • Describe journals for fixed assets; describe the purchase of fixed assets; calculate and post depreciation; describe write-down and appreciation of fixed assets, fixed asset disposals, correction of entries, documenting and budgeting fixed asset transactions, fixed asset reports, cost-accounting depreciation, indexation, and minor assets
  • Set up reclassification, maintenance, and insurance of fixed assets
    • Set up asset transfer; set up partial disposal of an asset; combine assets; set up maintenance information; set up maintenance registration and costs; set up maintenance cost reporting; set up insurance information; assign assets to insurance policies; monitor insurance coverage; update insurance information; describe index insurances

Manage finance essentials (24%)

  • Set up business processes
    • Set up the general ledger; set up accounting periods; use the G/L account card ribbon; use the chart of accounts page
  • Set up general journals
    • Create and post journal entries; create standard journals; process recurring journals; process reversals and corrections
  • Set up cash management
    • Set up bank accounts; create customer and vendor accounts; set up cash receipt and payment journals; suggest vendor payments; print and post payables checks; void checks; apply payments; unapply customer and vendor ledger entries; reverse posted journals; describe bank reconciliation
  • Manage receivables and payables
    • Set up and process sales and purchase payment discounts; set up and process payment and payment discount tolerances; review posted payment discount tolerances and payment tolerance entries; review customer and vendor statistics; set up and assign reminder terms; create and issue reminders; set up and assign finance charge terms; create and issue finance charge memos; calculate interest on reminders; set up Intrastat journals; prepare Intrastat reports
  • Manage VAT
    • Describe VAT calculation types; display VAT amounts in sales and purchase documents; adjust VAT amounts in sales and purchase documents and journals; describe unrealized VAT, VAT statements, and VAT settlement; set up the VAT rate change tool; perform VAT rate conversions
  • Set up prepayments
    • Set up general posting groups; set up unrealized VAT for prepayments; set up number series for prepayment documents; set up prepayment percentages for customers and vendors; set up prepayment verification; set up prepayment processing flows; set up and process prepayment sales and purchase orders; correct prepayments
  • Set up year-end closing processes
    • Close a fiscal year; transfer income statement account balances; post journals

Manage advanced finance (20%)

  • Manage multiple currencies
    • Set up currency pages and currency exchange rates; set up multiple currencies for customers, vendors, and bank accounts; process sales and purchase documents; process cash receipts; process payments; adjust exchange rates for customers, vendors, and bank accounts; set up and use additional reporting currencies; adjust exchange rates for G/L accounts; display the exchange rate adjustment register
  • Manage budgets
    • Set up G/L budgets; set up budget pages; create budgets manually; copy budgets; export and import budgets
  • Manage cost accounting
    • Explain a cost accounting workflow; set up cost accounting; describe cost entries, cost budgets, cost allocation, cost accounting history, and reporting
  • Manage cash flow forecast
    • Set up and create cash flow forecasts; describe cash flow forecast reporting
  • Manage financial reporting and analysis
    • Analyze the chart of accounts; describe account schedules; describe analysis by dimensions; export analysis views to Excel; describe dimension-based reports; combine analysis views with account schedules; describe financial performance charts

Guaranteed to Run

2018-03-07 09:00 to 2018-03-09 17:00
Fort Lauderdale, Florida (Virtual Instructor-Led)
2018-02-12 09:00 to 2018-02-16 17:00
Attend Online
2018-02-12 09:00 to 2018-02-16 17:00
Secaucus, New Jersey (Virtual Instructor-Led)
09:00 to 17:00
Newark, New Jersey (Virtual Instructor-Led)
2018-01-29 09:00 to 2018-02-02 17:00
Attend Online
2018-01-25 09:00 to 2018-01-26 17:00
Fort Lauderdale, Florida (Virtual Instructor-Led)

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