Preparation Guide for Exam #MB7-225
Microsoft Business Solutions – Navision 4.0 Financials
Updated: October 22, 2007
Exam topics covered
The following list includes the topic areas covered on this exam. The percentage indicates the portion of the exam that addresses a particular skill.
• Dimensions, Journals, and Posting Groups (28 percent)
Specific, General, and VAT Posting Groups
Determining Posting Groups
Creating New Dimensions and Dimension Values
Combining Dimensions
Default Dimensions
Creating Journal Templates, Batches, and Entries
Posting Journal Entries
Recurring Journals
Posting Corrections in General Journals
• General Ledger and Taxes (16 percent)
General Ledger Setup
Chart of Accounts
Creating Bank Accounts
Performing Bank Reconciliation
Creating General Ledger Budgets
• Payables, Receivables, and Fixed Assets (31 percent)
Analyzing Receivables
Applying Customer Ledger Entries
Unapplying and Reversing Transactions
Payment Discounts and Tolerances
Reminders and Finance Charge Memos
Payment Journals
Payment Discounts
Voiding Checks
Fixed Asset Setup
Fixed Asset Transactions
Fixed Asset Reclassifications
Fixed Asset Maintenance
Fixed Asset Insurance
• Multicurrency Operations (10 percent)
Updating Currency Exchange Rates for Foreign Currency Balances
Additional Reporting Currency
• Analysis and Reporting (10 percent)
Performing Analysis from the Chart of Accounts
Making Calculations Using Account Schedules
Annual Closing Operations
XBRL
Financial Analysis Using Dimensions
• Resources and Jobs (5 percent)
Resources
Jobs
Audience profile
Individuals who want to obtain a certification on Microsoft Business Solutions – Navision (now Microsoft Dynamics NAV) 4.0 Financials should take this exam.
Credit toward certification
When you pass this exam, you earn credit toward the following certifications:
• Microsoft Certified Business Management Solutions Specialist
• Microsoft Certified Business Management Solutions Professional – Applications for Microsoft Dynamics NAV
• Microsoft Certified Business Management Solutions Professional – Developer for Microsoft Dynamics NAV
• Microsoft Certified Business Management Solutions Professional –Installation and Configuration for Microsoft Dynamics NAV
Preparation tools and resources
In addition to your hands-on experience working with the product, we highly recommend that you use the following tools and training to help you prepare for this exam.
E-Learning courses for this exam
• Collection 8324: Introduction to Microsoft Dynamics NAV 4.0
• Collection 8384: Financials I in Microsoft Dynamics NAV 4.0
• Collection 8405: Financials II in Microsoft Dynamics NAV 4.0
Training materials for this exam
Training materials for Microsoft Dynamics can be ordered through your local partner.
• Microsoft Business Solutions – Navision 4.0 Introduction
• Microsoft Business Solutions – Navision 4.0 Financials I
• Microsoft Business Solutions – Navision 4.0 Financials II
• Microsoft Business Solutions – Navision 4.0 Fixed
• Microsoft Business Solutions – Navision 4.0 Resources and Jobs
Classroom training for this exam
• Course 8324: Microsoft Business Solutions – Navision 4.0 Introduction
• Course 8384: Microsoft Business Solutions – Navision 4.0 Financials I
• Course 8405: Microsoft Business Solutions – Navision 4.0 Financials II
• Course 8357: Microsoft Business Solutions – Navision 4.0 Fixed Assets
• Course 8358: Microsoft Business Solutions – Navision 4.0 Resources and Jobs
Supplemental learning resources
• Online Help within the Microsoft Dynamics NAV 4.0 product
Additional skills recommended
• General working knowledge of Microsoft Windows 98, Windows 2000, or Windows XP
• Knowledge of the installation process
• Familiarity with accounting rules and practices
Microsoft online resources
• MSDN: The Microsoft Developer Network (MSDN) is a reference for developers that features code samples, technical articles, newsgroups, chats, and more.
• Training and certification newsgroups: There is a newsgroup for every Microsoft certification. By participating in the ongoing dialogue, you take advantage of a unique opportunity to exchange ideas with and ask questions of others, including more than 750 Microsoft Most Valuable Professionals (MVPs) worldwide.
Skills being measured
This certification exam measures your ability to do the following:
• Understand and articulate how to set up and effectively use the financial management, fixed assets, resources, and jobs modules in Microsoft Dynamics NAV 4.0.
Exam specifics
Time requirements and questions
• 90 minutes to complete the exam
• 68 questions, with a passing rate of 70 percent
• Multiple choice and multiple answer questions
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