Microsoft Dynamics NAV 5.0 Financials Set 3

1.

Cronus International 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 Cronus International enters a Currency Code in the Additional Reporting Currency and runs the Adjust Add. Reporting Currency batch job?

The process inserts the Additional Reporting Currency Code in the Currency Code field on all G/L accounts. The process modifies the Amount field on all G/L entries to show the current value in the additionalreporting currency amount field. The process sets the option in the Exchange Rate Adjustment field on G/L accounts to Adjust Amounts. The process fills in the Additional-Currency Amount field on all G/L entries with the value in the Amountfield converted to the additional reporting currency.

2.

The Adjust Exchange Rates batch job is used to:

Update the LCY Balances on Customer, Vendor, and Bank Account ledger entries that contain a Currency Code. Adjust the Exchange Rates in the Currency Exchange Rates window. Update the Consolidation Currency Exchange Rate field on the Business Unit screen. Insert new Daily Exchange Rates for all Currencies.

3.

The Adjust Exchange Rates batch job posts the exchange adjustments related to customer and vendo ledger entries to which G/L accounts?

Realized Gains and Realized Losses Unrealized Gains and Unrealized Losses Residual Gains and Residual Losses Realized G/L Gains and Realized G/L Losses

4.

The number of G/L Accounts that you can specify in the Currency window in relation to the Additional Reporting Currency is:

Two (2) Four (4) Six (6) As many as you choose

5.

The Adjust Exchange Rates process will not update which of the following records?

Vendor Account Bank Account Item Sales Price Customer Account

6.

When setting up additional reporting currency, you need to specify the exchange rate adjustment method for:

G/L Accounts only VAT Entries only Customer and Vendor Ledger Entries G/L Accounts and VAT Entries

7.

When you activate the additional reporting currency and convert the existing G/L entries to additional reporting currency (ACY), what exchange rate or rates are used?

Each entry is converted using the LCY to ACY exchange rate that exists at the posting date of the entry. All entries are converted using the LCY to ACY exchange rate that exists at the posting date of thelatest entry. All entries are converted using the LCY to ACY exchange rate that exists at the work date. All entries are converted using the LCY to ACY exchange rate that exists at the posting date of theoldest entry.

8.

The Adjust Exchange Rates batch job posts the exchange adjustments related to bank account ledger entries to which accounts?

Residual Gains and Residual Losses Unrealized Gains and Unrealized Losses Realized Gains and Realized Losses Realized G/L Gains and Realized G/L Losses

9.

The adjustment exchange rate used by the Adjust Exchange Rates batch job is determined by comparing the:

Ending Date in the Adjust Exchange Rates batch job with the Starting Date in the Currency Exchange Rates window. Starting Date in the Adjust Exchange Rates batch job with the Starting Date in the Currency ExchangeRates window. Starting Date in the Adjust Exchange Rates batch job with the work date. Ending Date in the Adjust Exchange Rates batch job with the work date.

10.

You are creating an account schedule column that displays the net change in account balances for the fiscal year in which the account schedule period ends. In the Column Layout, you select a Column Type of:

Entire Fiscal Year Balance Rest of Fiscal Year Beginning Balance

Microsoft Dynamics NAV 5.0 Financials Set 3

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Microsoft Dynamics NAV 5.0 Financials Set 3

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