Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

1. A fixed asset with a book value of $1000 is depreciated to an expected salvage value of S100 in 48 time periods.
The depreciation amount must be the same each period.
Which depreciation method should you assign to the depreciation book?

A) DB2/SL
B) Straight-Line
C) Half-Year Convention
D) Declining-Balance 1

2. A customer does not need the Responsibility Center and Location Code fields on the customer list and asks you to remove them. What should you do to remove these fields?

A) Right-click each of the fields and select Delete in the pop-up menu
B) Select the field you want to remove on the customer card and click Delete in the ribbon
C) The two fields can be deleted only in the Microsoft Dynamics NAV Development Environment.
D) Right click one of the two fields, click Select Columns, select the two fields you want to remove, and then click the Remove button.

3. A company has four open invoices, as described in the following table:

All invoices are due on the same date, but you have only (LCY) 2000. Vendors B and C have been configured with a Priority of 1. You open the Suggest Vendor Payments batch job, select the Use Vendor Priority check box, and enter 2000 in the Available Amount (ICY) field.
Which invoices are suggested for payment after running the Suggest Vendor Payments batch job?

A) Invoices 1 and 3
B) Invoices 3 and 4
C) Invoice 3 only
D) Invoice 1 only

4. What does selecting the Update on Posting check box indicate in an analysis view?

A) The actual and the budget amounts of the analysis view will be updated every time a transaction posts.
B) The actual amounts of the analysis view will be updated every time a transaction posts.
C) TheG/Laccounts specified in the analysis view will be updated every time a transaction posts.
D) The budget amounts of the analysis view will be updated every time a transaction posts.

5. A company purchases 10 laptops and enters them in Microsoft Dynamics NAV as one asset code X.
The company sells one of the laptops after two years.
What steps should you take, in order, to process this change in the Fixed Assets (FA) module?

A) Dispose and post 10% of asset values X using an FA G/L journal, and then sell asset X using a Fixed Asset sales invoice line type.
B) Create fixed asset card Y, post 10% of asset values X to asset Y by using an FA reclassification journal, and then sell asset Y using a Fixed Asset sales invoice line type.
C) Create fixed asset card Y, post 10% of asset values X to asset Y by using an FA journal, and then sell asset Y using a Fixed Asset sales invoice line type.
D) Create fixed asset card Y, post 10% of asset values X as a disposal to asset Y by using an FA reclassification journal, and then sell asset Y using a Fixed Asset sales invoice line type.

Solutions: