Microsoft Dynamics NAV 5.0 Financials Set 4

1.

Which of the following statements is TRUE about dimensions?

All dimensions are stored directly on the G/L entries. Only global dimensions are stored directly on the G/L entries. Only budget dimensions are stored directly on the G/L entries. Only shortcut dimensions are stored directly on the G/L entries.

2.

Your client wants all posted customer entries to contain the SALES Department Code. You can achieve this by using which of the following?

Dimension Combinations Analysis Views Account Type Default Dimensions Default Dimension Priorities

3.

What technique does Microsoft Dynamics NAV use to allow multiple users access to the database at the same time?

Database-version principle Database redundancy Read concurrency Read consistency

4.

You are about to implement a new Microsoft Dynamics NAV installation by using the RIM Toolkit. The customer is a small furniture manufacturing company with two years in business. The company has not used an ERP system before, and legacy data is available in Microsoft Excel format. Which of the following overall RIM processes do you follow to achieve the fastest implementation?

Have the customer complete a "Furniture" setup questionnaire, create a new generic company, prepare data templates, and migrate legacy data by means of Excel files. Create a new company based on the "Furniture" company type, prepare data templates, migrate legacydata by means of Excel files, and enter setup data. Have the customer complete a "Furniture" setup questionnaire, create a new company based on the "Furniture" company type, import and apply questionnaire answers, prepare data templates, and migrate legacy data by means of XML. Have the customer complete a "Furniture" setup questionnaire, create a new company based on the "Furniture" company type, import and apply questionnaire answers, prepare data templates, and migrate legacy data by means of Excel.

5.

Dimension Priorities for Sales Journal entries are set as "2" for the Item table and "1" for the Customer table. What is the effect?

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

6.

General Business Posting Groups are: Choose the 2 that apply.

Set up in the Financial Management area Assigned to Vendor Cards Assigned to Item Cards Assigned to Resource Cards

7.

What can users create shortcuts to in the Navigation Pane? (Select all that apply) Choose the 3 that apply.

Forms and reports in the program Specific records in the database Tables Web sites

8.

What is the effect of using the Insert Conv. LCY Rndg. Lines function in journals?

The function replaces all currency amounts in the journal with LCY amounts. The function posts rounding differences to a currency residual account. The function inserts a foreign currency journal line that ensures that the journal is balanced both inforeign currency and LCY. The function inserts an LCY journal line that ensures that the journal is balanced both in foreigncurrency and LCY.

9.

If Automatic Cost Posting is activated in Inventory Setup, what G/L Account from the General Posting Setup must be set up for the feature to work?

Inventory Adjustment Account Sales Account Cost of Goods Sold Account Purchases Account

10.

What field must equal zero before you can post a General Journal?

Balance Balance Account No. Total Balance Amount

Microsoft Dynamics NAV 5.0 Financials Set 4

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Microsoft Dynamics NAV 5.0 Financials Set 4

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