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Updated: Jul 18, 2026
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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 |
| Real Exam Qty: | 40-60 |
| Exam Format: | Multiple choice, Case studies, Scenario-based questions |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | Retired (no longer active certification) |
| Available Languages: | English |
| Exam Price: | USD 165 (may vary by region) |
| Related Certifications: | Microsoft Certified Solutions Associate (MCSA): Dynamics NAV 2013 Microsoft Certified Professional (MCP) |
| Passing Score: | 700 (on a 1000 scale) |
| 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:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Analysis | - Data analysis tools
|
| Topic 2: Financial Management Setup | - Posting and accounting setup
|
| Topic 3: Inventory and Resource Management | - Inventory setup
|
| Topic 4: Microsoft Dynamics NAV Installation and Setup | - Company and environment configuration
|
| Topic 5: Core Financial Processes | - Cash and bank management
|
Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:
1. You need to set a purchase quote limit for an employee. Which Limit Type should you select in the Approval Templates window?
A) Request Limits
B) No Limits
C) Credit Limits
D) Approval Limits
2. An organization purchases an asset that consists of multiple components. The components have a different depreciation method and vendor.
You need to track the total costs of the asset.
What two actions should you perform? (Each correct answer presents part of the solution. Choose two.)
A) Set up each component asset as a main asset component from the main asset card.
B) Create fixed asset cards for the asset and each component.
C) Set up an FA class that is connected to the FA subclasses.
D) Connect each component asset to the other component assets using the FA subclasses.
3. When processing purchase invoices, employees at a company enter the following information: order number, invoice number, vendor number, vendor order number, vendor invoice number, and item numbers.
Which of these numbers can be made mandatory by using the Ext. Doc. No. Mandatory check box on the Purchases & Payables Setup window?
A) Vendor number
B) Vendor invoice number
C) Vendor order number
D) Invoice document number
4. How is the Due Date of a Reminder calculated?
A) Reminder Document Date + Reminder Level Due Date Calculation
B) Reminder Document Date + Reminder Level Due Date Calculation + Reminder Level Grace Period
C) Original transaction Document Date + Reminder Level Due Date Calculation
D) Original transaction Document Date+Reminder Level Due Date Calculation + Reminder Level Grace Period
5. When entering a purchase invoice based on an associated purchase order, a user finds multiple item numbers on the vendor's invoice.
You advise the user to process the invoice lines using the data on the Get Receipt Lines window for each item-related invoice line, instead of entering these item lines manually.
What are two reasons you advise this action? (Each correct answer presents a complete solution. Choose two.)
A) It prevents the items from being received again, creating double stock, when posting the invoice.
B) It is the only way to add the packing slip number to the invoice lines.
C) It enables the user to check immediately whether the invoiced items have all been received completely and if they have been invoiced.
D) Lines that are entered manually are not accepted on a purchase invoice based on an associated purchase order.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C,D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A,C |
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