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100% Microsoft MB7-701 Guaranteed Success With Testing Engine

Exam Code: MB7-701

Exam Name: Microsoft Dynamics NAV 2013 Core Setup and Finance

Updated: Jul 20, 2026

Number: 78 Q&As with Testing Engine

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Microsoft MB7-701 Exam Overview:

Certification Vendor:Microsoft
Exam Name:Microsoft Dynamics NAV 2013 Core Setup and Finance
Exam Number:MB7-701
Certificate Validity Period:Retired (no longer active certification)
Real Exam Qty:40-60
Passing Score:700 (on a 1000 scale)
Exam Price:USD 165 (may vary by region)
Available Languages:English
Exam Format:Multiple choice, Case studies, Scenario-based questions
Exam Duration:120 minutes
Related Certifications:Microsoft Certified Solutions Associate (MCSA): Dynamics NAV 2013
Microsoft Certified Professional (MCP)
Sample Questions:Microsoft MB7-701 Sample Questions
Exam Way:Proctored exam (online or authorized testing center, depending on availability at the time of operation)
Pre Condition:Recommended: basic knowledge of Microsoft Dynamics NAV and accounting principles
Official Syllabus URL:https://learn.microsoft.com/en-us/credentials/certifications/

Microsoft MB7-701 Exam Syllabus Topics:

SectionObjectives
Topic 1: Inventory and Resource Management- Inventory setup
  • 1. Item cards and categories
    • 2. Inventory posting setup
      - Costing and valuation
      • 1. Costing methods
        • 2. Inventory valuation and adjustments
          Topic 2: Microsoft Dynamics NAV Installation and Setup- System requirements and installation planning
          • 1. Installation components and architecture
            • 2. Hardware and software prerequisites
              - Company and environment configuration
              • 1. User setup and permissions
                • 2. Creating and configuring companies
                  Topic 3: Reporting and Analysis- Data analysis tools
                  • 1. Business intelligence integration
                    • 2. Dimensions analysis
                      - Financial reporting
                      • 1. Account schedules
                        • 2. Standard financial statements
                          Topic 4: Core Financial Processes- Cash and bank management
                          • 1. Bank account setup and reconciliation
                            • 2. Cash flow management
                              - Accounts Payable and Receivable
                              • 1. Vendor and customer management
                                • 2. Invoice and payment processing
                                  Topic 5: Financial Management Setup- Posting and accounting setup
                                  • 1. Posting setup rules
                                    • 2. VAT and tax configuration
                                      - General Ledger configuration
                                      • 1. Posting groups and dimensions
                                        • 2. Chart of accounts setup

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


                                          2. A company has a large number of part-time employees, each working a different number of hours every week. The payroll expense for these employees must be recorded weekly. You set up a recurring journal.
                                          Which Recurring Method should you use to record the payroll expenses?

                                          A) Reversing Fixed
                                          B) Fixed
                                          C) Balance
                                          D) Variable


                                          3. Which options can be compared by the Budgets feature in Microsoft Dynamics NAV?

                                          A) G/L accounts, periods, and analysis views
                                          B) G/L accounts, periods, and global dimensions
                                          C) Departments, projects, and G/L accounts
                                          D) Departments, projects, and customer groups


                                          4. What is the main purpose of the Item Category Code field?

                                          A) To create templates with pre-defined values so users do not have to enter posting groups when setting up an item card
                                          B) To group items so that it is easier to filter them
                                          C) To enable users to run the Post Inventory Cost to C/I batch job
                                          D) To group items when printing statistics reports


                                          5. A company has users that have only infrequent access to Microsoft Dynamics NAV. These users bring their own laptops, which are not part of the client network. These users have not been added to Active Directory.
                                          You need to set up authentication for these users.
                                          Which type of user authentication should you use?

                                          A) UserName
                                          B) SQL Server
                                          C) Windows
                                          D) NavUserPassword


                                          Solutions:

                                          Question # 1
                                          Answer: D
                                          Question # 2
                                          Answer: C
                                          Question # 3
                                          Answer: C
                                          Question # 4
                                          Answer: A
                                          Question # 5
                                          Answer: D

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