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MB7-515(Microsoft Dynamics NAV 5.0 Financials)

About this Exam
This certification exam measures your ability to do the following:
  • Understand and articulate how to set up and use the Microsoft Dynamics NAV 5.0 Application Setup, Finance, and Business Intelligence for Information Workers modules effectively.
    Time requirements and questions
  • 90 minutes to complete the exam
  • 80 questions, with a passing rate of 70 percent
  • Multiple choice and multiple answer questions

Audience Profile
Individuals who want to obtain a certification on Microsoft Dynamics NAV 5.0 Financials should take this exam.
Additional skills recommended:

  • General working knowledge of Microsoft Windows 98, Microsoft Windows 2000, Windows XP, or Windows Vista, and knowledge of the installation process, and accounting rules and practices.

Topics Covered

Skills Being Measured

This exam measures your ability to accomplish the technical tasks listed below.The percentages indicate the relative weight of each major topic area on the exam.
Application Setup (30 percent)

  • Specific, General, and VAT Posting Groups
  • Determining Posting Groups
  • Managing User Rights, Including Logins, Roles and Permissions, and Advanced Security Setup
  • Create a New Company by Using the RIM Toolkit
  • 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 JournalsGeneral Ledger and Taxes (14 percent)

  • General Ledger Setup
  • Chart of Accounts
  • VAT Entries and Adjustment
  • Performing Bank Reconciliation

Creating General Ledger BudgetsPayables and Receivables (34 percent)

  • Applying Customer Ledger Entries
  • Applying Vendor Ledger Entries
  • Payment Discounts and Tolerances
  • Reminders and Finance Charge Memos
  • Payment Journals

Unapplying and Reversing TransactionsMulticurrency Operations (11 percent)

  • Updating Currency Exchange Rates for Foreign Currency Balances

Additional Reporting CurrencyBusiness Intelligence (11 percent)

  • Performing Analysis from the Chart of Accounts
  • Making Calculations by Using Account Schedules
  • Annual Closing Operations
  • Financial Analysis by Using Dimensions

Credit Toward Certification

Exam MB7-515: NAV 5.0 Financials: counts as credit toward the following certification(s):

Jubel Thomas Joy, a 16+ year Microsoft Dynamics 365 Business Central/NAV/Navision expert, founded "Navision Planet" in 2009. Certified in Business Central , D365 - Commerce and many more. He blogs on the latest updates and various modules of Business Central & LS Central, showcasing expertise in SQL, Microsoft Power Platforms, and over 150 organizations of work experience.


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