MB3 859

Microsoft
EXAM MB3-859
Microsoft Dynamics GP 2010 Financials
Total Questions:
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74
Question: 1
In addition to printing a Smartlist to the screen or printer, what other output options are available in
the SmartList? Choose the 2 that apply.
A. Export to Microsoft?SQL Server? Reporting Services
B. Export to Microsoft? Word?Export to Microsoft? Word
C. Export to Microsoft? Excel?Export to Microsoft? Excel
D. Export to PDF
Answer: B,C
Question: 2
A user only accesses two windows in Microsoft Dynamics GP. What can be done so the user can
quickly access these two windows? Choose the 2 that apply.
A. Customize the tool bar to include only those windows.
B. Add a shortcut to those windows on the Navigation Pane.
C. Create a new security role for the user which allows access to only those two windows.
D. Edit the users Dex.ini file to only open those two windows when Microsoft Dynamics GP is
launched.
Answer: A,B
Question: 3
What is the maximum account length and number of segments for Microsoft Dynamics GP?
A. 66 and 12
B. 66 and 10
C. 68 and 12
D. 68 and 10
Answer: B
Question: 4
You have created a new user in Microsoft Dynamics GP and granted them access to a company. The
new user logs into that company successfully, but is unable to see any Transactions, Cards, or
Reports. What must be completed for the new user to access Transactions, Cards, and Reports?
A. In User Setup, select the appropriate User Class ID for this user.
B. In User Access, select the appropriate modules this user will have access to.
C. In User Security Setup, select the appropriate Security Roles for this user and company.
D. In User Security Setup, select the appropriate Security Tasks for this user and company.
Answer: C
Question: 5
What are the necessary components for setting up taxes? Choose the 2 that apply.
A. Tax Details
B. Tax Definitions
C. Tax Schedules
D. Tax Formulas
Answer: A,C
Question: 6
When you enter a transaction, in what order does Microsoft Dynamics GP search for a default
distribution posting account?
A. Master record, Class ID, Posting Accounts Setup
B. Class ID, master record
C. Master record, Posting Accounts Setup
D. Class ID, master record, Posting Accounts Setup
Answer: C
Question: 7
What is contained in the Dynamics.set file?
A. Dexterity code used to launch Microsoft Dynamics GP
B. Parameters needed to launch Microsoft Dynamics GP
C. Products installed and reports and forms dictionary locations
D. Location path to the Dynamics.exe file
Answer: C
Question: 8
Where can a user set the option to view Microsoft?Office Outlook?calendar appointments in
Microsoft Dynamics? GP?
A. Customize Home Page
B. Navigation Pane Options
C. User Security
D. User Preferences
Answer: A
Question: 9
You would like transactions posted in batches from sub
ledgers; to stop at the General Ledger and
be reviewed. What option should be selected in Posting Setup?
A. Post To the GL
B. Post Through the GL
C. Allow Transaction Posting
D. Require Batch Approval
Answer: A
Question: 10
What are the advantages of using an inquiry window? Choose the 2 that apply.
A. Transactions can be edited from an inquiry window.
B. Data from an inquiry window can be printed.
C. Data can be converted to a SmartList from an inquiry window.
D. Zooms are available on most inquiry windows to give you more information.
Answer: B,D
Question: 11
A user needs to add information explaining the reason for a general journal entry. What type of note
should be attached to the entry?
A. Window level note
B. Master record note
C. Record level note
D. Field level note
Answer: C
Question: 12
What is the keyboard equivalent for the lookup window?
A. Fn + L
B. Alt + L
C. Shift + L
D. Ctrl +L
Answer: D
Question: 13
Adventure Works outsources their payroll to a local payroll company. Each week, Adventure Works
needs to update all general ledger payroll accounts with the appropriate amounts for that week. The
amounts are different each week, but the same general ledger accounts are used. What is the most
efficient way to enter these balances into Microsoft Dynamics GP?
A. Set up a Recurring Batch
B. Set up a Variable Allocation account
C. Set up a Mass Modify copy option
D. Set up a Quick Journal ID
Answer: D
Question: 14
What type of General Ledger transactions can be backed out using the Correct button on the
General Ledger Transaction Entry window? Choose the 2 that apply.
A. Voided transactions
B. Reversing transactions
C. Quick Journal transactions
D. Yearend close created transactions
Answer: B,C
Question: 15
North wind Traders created their budget in Microsoft Excel. What is the most efficient way to
populate budget values in Microsoft Dynamics GP?
A. Import the budget using the Budget Wizard for Excel.
B. Enter the budget amount by posting a budget transaction.
C. Create an ODBC connect to the Microsoft Excel budget file and import the file using the budget
import tool.
D. Use the SingleAccount Budget Maintenance window and enter the amounts for each account and
period.
Answer: A
Question: 16
What happens when a reversing transaction is posted in General Ledger Transaction Entry?
A. Two Journal Entry numbers are created, one for the original transaction and one for the reversal.
B. The original transaction and the reversal transaction are posted at the same time.
C. A previously posted Journal Entry is reversed once the reversal transaction is posted.
D. A reversal transaction automatically posts once the system date reaches the reversal date on the
transaction.
Answer: B
Question: 17
What does the Posting Type field in Account Maintenance define?
A. Whether accounts post to or post through the general ledger from subledgers.
B. Whether accounts post in summary or detail to the general ledger from sub ledgers.
C. Which accounts are closed to a retained earning account at year end.
D. Which accounts maintain history after yearend close is completed.
Answer: C
Question: 18
Which General Ledger account types can have balances? Choose the 2 that apply.
A. Fixed Allocation accounts
B. Posting accounts
C. Unit accounts
D. Variable Allocation accounts
Answer: B,C
Question: 19
What is required to post a General Ledger Intercompany transaction? Choose the 2 that apply.
A. Intercompany transactions must be saved and posted in a batch.
B. The same general ledger account must exist for the originating and destination companies, and be
used on the transaction.
C. A relationship must be defined between the originating company and the destination company.
D. The user entering and posting the transaction must have access to both the originating and
destination companies.
Answer: A,C
Question: 20
What does the General Ledger Fiscal Year End close do? Choose the 2 that apply.
A. Zeros out all balance sheet accounts after they are closed to the Retained Earnings account.
B. Zeros out all profit and loss accounts after they are closed to the Retained Earnings account.
C. Moves all general ledger transactions with transaction dates in that open year to history.
D. Automatically creates the next fiscal year in Fiscal Period setup based on the same dates used to
close the current fiscal year.
Answer: B,C
Question: 21
You discover the fiscal period date was incorrect for period four. Once the fiscal period date is
corrected, what utility must be run?
A. Check Links
B. Mass Modify
C. Period Consolidation
D. Reconcile
Answer: D
Question: 22
The controller of Blue Yonder Airlines has noticed users manually entering General Ledger
transactions to Posting Account 110000.
000
What should the controller do in Account
Maintenance to prevent users from manually entering, selecting and posting to account
000110000?
A. Select the nactive?field.Select the ?nactive?field.
B. Change the Posting Type.
C. Clear the llow Account Entry?field.Clear the ?llow Account Entry?field.
D. Remove the account from the nclude in Lookup?field. Remove the account from the ?nclude in
Lookup?field.
Answer: C
Question: 23
What is the purpose of the Posting to History option in General Ledger Setup? Choose the 2 that
apply.
A. Allows users to post transactions to any historical year at any time.
B. Allows users to post transaction to the most recent historical year.
C. Automatically keeps account and transaction history when closing the general ledger fiscal year.
D. Automatically creates the necessary adjustments to retained earnings for a historical transaction.
Answer: B,D
Question: 24
What feature allows companies to define levels and entity ID that can be used for account level
security? What feature allows companies to define levels and entity ID? that can be used for account
level security?
A. Multidimensional Analysis
B. Organizational Structures
C. User Security
D. Field Level Security
Answer: B
Question: 25
How many budgets can be created for each fiscal year?
A. 1
B. 5
C. 10
D. Unlimited
Answer: D
Question: 26
When using Paid Transaction Removal, what processes are completed? Choose the 2 that apply.
A. Removes sales transaction history
B. Consolidates balance forward customer account balances
C. Transfers fully applied transactions and payments to history
D. Reconciles transaction amounts and transfers fully applied transactions to history
Answer: B,C
Question: 27
Adventure Works is implementing a two percent finance charge for all past due customer invoices.
They completed the assess finance charge routine on all customers, but no finance charges updated
customer balances for customers with past due invoices. What should you do to determine why no
finance charges updated customer balances? Choose the 2 that apply.
A. Verify the finance charge batch has been posted.
B. Verify the 'Compound Finance Charge' option is selected in Receivables Management Setup.
C. Verify the two percent finance charge has been set up in Receivables Setup Options.
D. Verify the two percent finance charge has been set up for each customer in Customer
Maintenance Options.
Answer: A,D
10
Question: 28
What modules are required to issue a customer refund check? Choose the 2 that apply.
A. Bank Reconciliation
B. General Ledger
C. Payables Management
D. Receivables Management
Answer: C,D
Question: 29
In Receivables Management, Alpine Ski House has setup a default of 30.00 USD on all NonSufficient
Funds (NSF) customer payments. Today, a payment from Margie's Travel was returned from the
bank for insufficient funds. What must be done to automatically assess a 30.00 USD NSF charge,
unapply the invoice, and void the payment?
A. Select the payment as NSF in Receivables Posted Transaction Maintenance.
B. First void the payment in Receivables Posted Transaction Maintenance, then select the NSF
option.
C. First void the payment in Void Historical Transaction, then mark the payment as NSF in
Receivables Posted Transaction Maintenance.
D. First unapply the payment from the invoice in Apply Sales Documents, second mark the payment
as NSF in Receivables Posted Transaction Maintenance, third void the payment in Void Open
Transactions.
Answer: A
Question: 30
What are the benefits of using National Accounts? Choose the 2 that apply.
A. Parent customers are not setup as a Customer in the Customer Maintenance.
B. Parent customers can process cash receipts on behalf of their child customer.
C. Deleting a national account deletes and removes history on the parent customer and its child
customer.
D. Both parent customer and child customer retain their own demographic and sales summary
information.
Answer: B,D
11
Question: 31
During customer setup, which of the following can be used to default information?
A. Class ID
B. Primary Address
C. Priority
D. Territory
Answer: A
Question: 32
What routine should be completed first for Receivables Management period end procedures?
A. Aging
B. Statements
C. Finance Charges
D. Paid Transaction Removal
Answer: A
Question: 33
What receivables document type does not affect a customer balance? What receivables document
type does not affect a customer? balance?
A. Debit Memo
B. Return
C. Service/Repair
D. Warranty
Answer: D
12
Question: 34
Tailspin Toys has placed a special order on materials. The invoice will not be entered or posted until
the order has been shipped. You already received Tailspin Toys' deposit of 500.00 U.S. dollars (USD)
that needs to be entered in Receivables Management. How should this payment be processed?
A. Enter and post the deposit as a cash receipt, but leave it unapplied.
B. Enter and post the deposit as a cash receipt, after the invoice has been posted.
C. Enter and post the deposit as a cash receipt, but apply it to any open invoice for this customer.
D. Enter and post the deposit as a deposit without receipt, then enter the cash receipt after the
invoice has been posted.
Answer: A
Question: 35
What processes are performed in the Apply Sales Documents window? Choose the 2 that apply.
A. Edit the document due date.
B. Edit the original document amount.
C. Apply a cash receipt to an invoice.
D. Enter a write off amount.
Answer: C,D
Question: 36
You will be setting up Salespeople in Receivables Management. What other setup is required?
A. Employees
B. Managers
C. Locations
D. Territories
Answer: D
13
Question: 37
Which of the following is a requirement to void an invoice in Receivables Management?
A. The invoice must be fully applied.
B. The invoice must exist in the open table.
C. The invoice must exist in the history table.
D. Transaction history must be maintained for the customer.
Answer: B
Question: 38
After running the Fixed Assets General Ledger Posting process, what step must be taken to update
the General Ledger?
A. Print the financial trial balance
B. Post the General Ledger batch
C. Close the Fiscal Period
D. Print the Preview report
Answer: B
Question: 39
Which options can be used to track component parts in Fixed Assets? Choose the 2 that apply.
A. Asset Class
B. Master Asset ID
C. Short Name
D. Suffix
Answer: B,D
14
Question: 40
What does the Purchasing Posting Account window define?
A. Account numbers that trigger the purchasing interface
B. Account groups that trigger the purchasing interface
C. The account that will interface with the General Ledger
D. The account that will default on a Fixed Assets transaction
Answer: A
Question: 41
You would like to change the Location ID for a group of assets. What Fixed Assets feature allows you
to make this change and creates an audit trail of the change?
A. Fixed Assets Mass Change
B. Fixed Assets Mass Transfer
C. Retirement Maintenance
D. Asset General Information
Answer: B
Question: 42
When assigning an asset to a book, where do the depreciation rules default from?
A. Account Group
B. Book Class Record
C. Book Record
D. Class Record
Answer: B
15
Question: 43
In addition to the General Ledger, what other modules integrate with Fixed Assets? Choose the 2
that apply.
A. Bank Reconciliation
B. Purchase Order Processing
Answer: B,C
Question: 44
Process the YearEnd Close routine only after which of the following is done?
A. Retire assets
B. Run the Fixed Assets General Ledger Posting process
C. Process depreciation through the last day of the current fiscal year
D. Run the Asset Financial Detail Summarize process
Answer: C
Question: 45
In the Asset Book window, the Place in Service date is used for determining:
A. How much depreciation to take in the first month of service
B. When depreciation begins
C. The Year to Date Depreciation
D. The Switchover method to use
Answer: B
16
Question: 46
You have just processed depreciation and realize the Target Depreciation Date was incorrect. What
are your options for fixing the incorrect calculations? Choose the 2 that apply.
A. Restore a backup of the database
B. Back out depreciation for the group of assets by changing the Target Depreciation Date to the
correct date
C. Back out depreciation for one asset at a time in the Depreciate Asset window by entering the
correct Depreciation Target Date
D. Use the Mass Change window to change the Depreciated To date for the group of assets
Answer: A,C
Question: 47
When depreciation is calculated, what posting accounts are used for the financial detail entries in
the Corporate book? Choose the 2 that apply.
A. Asset Cost
B. Clearing
C. Depreciation Expense
D. Depreciation Reserve
Answer: C,D
Question: 48
You have changed a depreciation sensitive field and would like depreciation to be recalculated as of
the beginning of the current fixed assets year. What option should you choose when saving the
change?
A. Recalculate
B. Reset Life
C. Reset Year
D. Undo Depreciation
Answer: C
17
Question: 49
Which routine in Fixed Assets allows you to calculate depreciation but not update book and financial
detail information?
A. Projection
B. Reconcile Assets
C. Retire Assets
D. Summarize Financial
Answer: A
Question: 50
What does the Payables Management Fiscal YearEnd Close process do?
A. Reconciles all vendor transactions for the fiscal year you are closing.
B. Closes the purchasing tax year and prints the Purchasing Tax YearEnd Closing report.
C. Removes any vendor record marked as inactive and also removes those vendors transactions.
D. Moves amounts to the Last Year field in Vendor Yearly Summary for the Amount Since Last Close
view.
Answer: D
Question: 51
In Payables Management, computer checks can be printed from Print Payables Checks. Where else
can payables computer checks be printed?
A. Miscellaneous Check
B. Payables Manual Payment Entry
C. Payables Transaction Entry
D. Payables Scheduled Payment Entry
Answer: C
18
Question: 52
What is the maximum number of Payables Management aging periods?
A. 4
B. 5
C. 6
D. 7
Answer: D
Question: 53
Lucerne Publishing has already printed out Financial Statements for past periods and does not want
users to post Payables transactions to those periods. What must be done to prevent users from
posting payables transactions to these periods?
A. Create reminders for users not to post transactions with dates for closed periods.
B. In Fiscal Period Setup, mark the purchasing series closed for those periods.
C. In Payables Management Setup, mark the appropriate periods closed.
D. Run the Payables PeriodEnd Close routine for those periods.
Answer: B
Question: 54
What setup options determine the order that credit memo, returns, and payments are automatically
applied to an invoice in Payables Management? What setup options determine the order that credit
memo?, returns, and payments are automatically applied to an invoice in Payables Management?
Choose the 2 that apply.
A. Apply by Document Date
B. Apply by User Date
C. Apply by System Date
D. Apply by Due Date
Answer: A,D
19
Question: 55
What is the Payables Transaction document date?
A. The date the transaction is due.
B. The date the transaction is posted in General Ledger.
C. The system date the transaction was posted on.
D. The date the transaction is posted in Payables Management.
Answer: D
Question: 56
What does placing a vendor on hold prevent?
A. Invoices from being posted to the vendor
B. The vendor from appearing in lookups
C. Any changes to the vendor record
D. Payments from being made to the vendor
Answer: D
Question: 57
What are the benefits of using vendor classes in Payables Management? Choose the 2 that apply.
A. Speed up new vendor record data entry by providing default information
B. Group and sort vendors on some Payables Management Reports
C. Pull General Ledger accounts for that class onto Payables Transactions
D. Inactivate all vendors assigned to that class
Answer: A,B
20
Question: 58
The accounting clerk entered and posted a Payables Management Invoice, then later realized the
incorrect amount was entered. No returns, credit memo or The accounting clerk entered and posted
a Payables Management Invoice, then later realized the incorrect amount was entered. No returns,
credit memo? or payments have been applied to the invoice yet. What should be done to correct the
invoice amount?
A. Edit the invoice amount on the Edit Payables Transaction window.
B. Use the Payables Update Utility to correct the amount.
C. Remove history and enter it with the correct amount.
D. Void the invoice and reenter it with the correct amount.
Answer: D
Question: 59
What functions can be performed in the Edit Payables Check window? Choose the 2 that apply.
A. Add a vendor payment to an existing check batch.
B. Select a range of vendors to pay.
C. Enter an unapplied amount to the vendor.
D. Post a check once it has been printed.
Answer: A,C
Question: 60
What happens to a fully applied posted invoice when the payment is voided?
A. The invoice is voided with the payment
B. The invoice moves to the Payables Open Transaction table
C. The invoice moves to the Payables History Transaction table
D. The invoice moves to the Payables Work Transaction table
Answer: B
21
Question: 61
In what order do General Ledger accounts default on Payables Management transactions?
A. Vendor class, then the vendor record
B. Vendor record, then Posting Account Setup
C. Posting Account Setup, then the vendor record
D. Vendor record, then the vendor class
Answer: B
Question: 62
Where does the next check number default from?
A. Bank Maintenance
B. Bank Reconciliation Setup
C. Checkbook Maintenance
D. Payables Setup Options
Answer: C
Question: 63
Which receipt types can be selected in the Bank Deposit Entry window? Choose the 2 that apply.
A. Adjustment
B. Check
C. Credit Card
D. Interest Income
Answer: B,C
22
Question: 64
What is the purpose of completing the Reconcile Bank Statement process? Choose the 2 that apply.
A. Adjusts the cash account balance to match the current checkbook balance in Checkbook
Maintenance.
B. Identifies differences between the checkbook balance and the bank statement.
C. Reconciles the General Ledger cash account to the bank statement ending balance.
D. Updates the last reconciled balance field in Checkbook Maintenance with the last bank statement
ending balance used.
Answer: B,D
Question: 65
Which of the following Bank Reconciliation transactions update General Ledger when posted?
Choose the 2 that apply.
A. Bank Transfers
B. Clear unused Receipts
C. Deposits without Receipts
D. Increase Adjustments
Answer: A,D
Question: 66
Which posted documents update the Current Checkbook Balance on the Checkbook Maintenance
window? Choose the 2 that apply.
A. Bank Receipts
B. Bank Transfers
C. Payables Checks
D. Receivables Cash Receipts
Answer: B,C
23
Question: 67
The accounting department needs the ability to manually change the default check number when
printing checks. What window allows the option to override check numbers for payables?
A. Payables Management Setup
B. Checkbook Maintenance
C. Bank Reconciliation Setup
D. Vendor Maintenance
Answer: B
Question: 68
A user has entered multiple bank transactions. When does the Bank Transaction Posting Journal
print for these transactions?
A. After each Bank Transaction has been posted.
B. After the Bank Transaction Batch has been posted.
C. When the Bank Transaction Entry window is closed.
D. When the Bank Reconciliation has been completed.
Answer: C
Question: 69
What calculation in the Bank Reconciliation ?Select Bank Transaction window is used to determine
the difference amount?
A. Adjusted bank balance adjusted book balance
B. Statement ending balance outstanding checks + deposits in transit
C. Checkbook balance as of cutoff date + net adjustment amount from reconcile adjustments
D. Current balance amount from checkbook maintenance window + checks after cutoff date
deposits after cutoff date
Answer: A
24
Question: 70
While doing the Bank Reconciliation a manual vendor payment that is posted and fully applied is
discovered with the incorrect check number and date. The incorrect manual payment needs to be
voided and reentered correctly. What window should be used to void the manual payment?
A. Bank Transaction Entry
B. Void Bank Transaction History
C. Void Historical Payables Transactions
D. Void Open Payables Transactions
Answer: C
Question: 71
Which processes can be performed from the Bank Transaction Entry window? Choose the 2 that
apply.
A. Enter Receipts
B. Enter Transfers
C. Print Bank Checks
D. Void Transactions
Answer: A,D
Question: 72
Posted transactions from which modules update Bank Reconciliation? Choose the 2 that apply.
A. Fixed Assets
B. General Ledger
Answer: C,D
25
Question: 73
For which deposit type is the deposit amount zero and the checkbook balance not updated when the
deposit is posted?
A. Deposit with Receipt
B. Deposit without Receipt
C. Clear unused Receipts
D. Void unused Receipts
Answer: C
Question: 74
What happens when you void a Bank Deposit? Choose the 2 that apply.
A. The current checkbook balance is updated.
B. All receipts attached to the voided deposit become available to be reassigned on a new deposit
transaction.
C. All receipts are also voided with the deposit and must be
entered
re
and then they can be
reassigned on a new deposit transaction.
D. The voided deposit will appear as voided and will automatically be deducted from the deposits
cleared transaction amount field on the next bank reconciliation process.
Answer: A,B
26

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