Microsoft Dynamics NAV 5.0 Financials

1.

If you choose the "Variable" Recurring Method on a Recurring Journal, which one of the following describes how Microsoft Dynamics NAV will process the journal?

The Amount field on the journal will be changed to zero after posting. The balance of the account you select will be automatically entered in the Amount field and will bechanged to zero after posting. The Amount field on the journal will be changed to zero after posting, and a reversing entry will beposted the following day. The Amount field will remain the same after posting.

2.

Your client wants the program to automatically assign a set of dimensions to every transaction posted for a specific customer. This is achieved by setting up:

Dimension Combinations Default Dimensions Dimension Value Combinations Shortcut Dimensions

3.

For LCY Conversion Rounding to take place, the following accounts need to be set up in the Currency Card:

Realized Losses Account, Unrealized Losses Account Conv. LCY Rounding Debit Account, Max. VAT Difference Allowed Conv. LCY Rounding Debit Account, Conv. LCY Rounding Credit Account Conv. LCY Rounding Credit Account, Max. VAT Difference Allowed

4.

What is the result of blocking a Dimension Code?

Prevents further posting using the Dimension code Prevents viewing of data with the Dimension code Prevents further posting to the Dimension code and restricts viewing of data containing that Dimensioncode Removes Dimension code data from the program

5.

Choosing the "Limited" option in Dimension Combination Setup allows which of the following?

The Dimension combination is always allowed on entries. The Dimension combination is allowed in only certain circumstances. The Dimension combination is allowed in only certain circumstances, and the values are defined. The Dimension combination is allowed on every entry.

6.

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

7.

Which of the following statements are correct for budgets? Choose the 2 that apply.

You cannot modify budget entries. You can select which values to show as lines and which values to show as columns. The Copy G/L Budget function includes an adjustment factor. You cannot copy the budget to Excel.

8.

Which of the following is TRUE of closed VAT Entries?

Closed VAT Entries can be reopened at any time. It is not possible to see closed VAT entries in the VAT Statement Preview. It is not possible to make printed VAT statements from closed VAT entries. VAT Entries will only be closed if you post the VAT settlement.

9.

To post VAT adjustment entries when payment discounts are granted, you must click the Adjust for Payment Disc. field in the General Ledger Setup window and:

Place a check mark in the Adjust for Payment Discount field on the cards for the customers for whom you want to enable the feature. Place a check mark in the Adjust for Payment Discount field in the VAT Posting Setup window for thecombinations you want to adjust. Click the Pmt. Disc. Excl. VAT field in the General Ledger Setup window. Click the Unrealized VAT field in the General Ledger Setup window.

10.

What criteria must be satisfied before you can post the bank reconciliation?

The Statement Ending Balance must equal the Total Balance field. The Statement Ending Balance must equal the Total Balance field and the Total Difference field mustbe 0. The Total Difference field must equal the sum of all reconciliation lines with the Type of "Difference." The Statement Ending Balance must equal the Total Balance field and the Total Difference field mustequal the sum of all reconciliation lines with the Type of "Difference."

Microsoft Dynamics NAV 5.0 Financials

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Microsoft Dynamics NAV 5.0 Financials

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