MB3-528 Exam Questions & Answers

MB3-528 GP 10.0 Financials Exam: MB3-528 Demo Edition CERT MAGIC 1http://www.certmagic.comMB3-528QUESTION: 1The Vice President of Sales is proposing to change the account format so sales canbe tracked more precisely. Assuming the account framework was set to themaximums allowed in Microsoft Dynamics GP for account length and segments,which of the following statements are true about changing the account format?Choose the 2 that apply.A. The account format length can be changed from 10 characters to 11 characters.B. Changes can be made to the account format before the chart of accounts hasbeen entered.C. The account format can be shortened from 9 characters to 6 characters after thechart of accounts has been entered.D. After Microsoft Dynamics GP is installed, changes cannot be made to theaccount format.Answer: A, BQUESTION: 2Which of the following are differences when posting to General Ledger versusposting Through General Ledger Files? Choose the 2 that apply.A. When posting to General Ledger, a password is required.B. When updating beginning balances in subsidiary ledgers, batches can bedeleted in General Ledger.C. It is a one-step process to post from the subsidiary ledger and update theaccount balance.D. Changes can be made to the batch in General Ledger before updating theaccount balances.Answer: B, DQUESTION: 3The Accounting Manager has set up users, security tasks and security roles. Howare these used in Microsoft Dynamics GP?A. Users are assigned to security tasks, security tasks are assigned to securityroles.B. Security roles are assigned to security tasks, security tasks are assigned tousers.C. Security tasks are assigned to security roles, security roles are assigned tousers.D. Users are assigned to security roles, security roles are assigned to security tasks2http://www.certmagic.comMB3-528Answer: CQUESTION: 4Which date is used as the posting date in General Ledger if a batch of transactionsis posted in summary from a subsidiary ledger in Microsoft Dynamics?GP?A. User DateB. Due DateC. Batch DateD. Transaction DateAnswer: CQUESTION: 5Which of these statements are true about users that are set up in MicrosoftDynamics GP? Choose the 2 that apply.A. Users can be granted access to more than one companyB. Users can set their own display settings in User PreferencesC. Users can only be deleted in SQL, not Microsoft Dynamics GPD. Users must be assigned to a classAnswer: A, BQUESTION: 6What function provides an option to designate a default printer for a specific tasksuch as printing payables checks?A. Windows Print SetupB. Named PrintersC. Process ServerD. Activity TrackingAnswer: BQUESTION: 7Which setup option is not company specific in Microsoft Dynamics GP?A. Activating security3http://www.certmagic.comMB3-528B. Defining an account formatC. Setting up user classesD. Setting up payment termsAnswer: CQUESTION: 8If 'Post through General Ledger' is selected in Posting Setup for PayablesManagement transactions, what happens to a voucher that is posted in a batch inPayables Management?A. The transaction only updates Payables Management.B. The transaction is sent to General Ledger without updating PayablesManagement.C. The transaction updates Payables Management and General Ledger after it isposted in Payables Management.D. The transaction updates Payables Management and is sent to a General Ledgerbatch where it needs to be posted.Answer: CQUESTION: 9The Controller wants the ability to reprint posting journals for auditing purposes.Where must the Controller go to select the option to have the ability to reprintposting journals in Microsoft Dynamics GP?A. Posting Setup windowB. Audit Trail Codes Setup windowC. Posting Journal Setup windowD. Batch Entry windowAnswer: BQUESTION: 10Edit lists can be printed from which of the following windows in MicrosoftDynamics GP? Choose the 2 that apply.A. Batch Entry windowsB. Master Posting windowC. Transaction Entry windowsD. Series Posting windows4http://www.certmagic.comMB3-528Answer: A, CQUESTION: 11The Controller of the XYZ Company is unhappy because many data entry errorsare made by users entering single transactions that are posted without edit listreviews. What step(s) can be taken in Microsoft Dynamics GP to help encouragethat these practices are corrected?A. Select the posting Date From Batch option in PostingB. Require control totals in the batch entry window and enter a unique audit trailcode for each transactionC. Select the ost Through GL option in Posting Setup and require control totals inthe batch entry windowD. Clear the allow Transaction Posting option in Posting Setup and select the'Require Batch Approval' option and enter an approval passwordAnswer: DQUESTION: 12A company enters all sales transactions as General Ledger transactions. Thecompany wants to use the tax features (details and schedules) in General Ledger.Where must they go to activate this feature?A. General Ledger SetupB. Account MaintenanceC. Company Setup OptionsD. Tax Schedule MaintenanceAnswer: CQUESTION: 13What is the maximum account length and maximum number of segments for anaccount in Microsoft Dynamics GP?A. 66 and 10B. 50 and 20C. 25 and 5D. 20 and 10Answer: A5http://www.certmagic.comMB3-528QUESTION: 14What is the maximum number of fiscal periods that can be created when setting upa new fiscal year in Microsoft Dynamics GP?A. 13B. 52C. 366D. 367Answer: DQUESTION: 15Selena, the accounting manager, is concerned because there is going to be someadjusting entries that need to be made to accounts in General Ledger. Selena doesnot want to close the year until after these adjustments are made. How many openyears does Microsoft Dynamics GP allow?A. 1B. 2C. 3D. UnlimitedAnswer: DQUESTION: 16Which of the following tasks are provided when using Advanced Lookups Setup?A. Set up additional keys to sort on within lookup windowsB. Select a SmartList favorite for a lookup optionC. Change the default sort for a lookup windowD. Restrict on the items appearing in the lookup windowAnswer: AQUESTION: 17The System Administrator is setting up posting rules in Posting Setup. TheAdministrator decided to select the use Account Settings option in Posting Setup.What is the purpose of this option?A. It allows posting to be limited to certain accounts.6http://www.certmagic.comMB3-528B. It allows some accounts to be posted to in detail and others in summary.C. It allows for the restriction of which accounts appear in each seriesD. It allows the use of the account level security option.Answer: BQUESTION: 18If General Ledger transactions are posted to a fiscal year, what utility need to berun if the number of periods in the fiscal year is changed?A. Check LinksB. ReconcileC. RebuildD. Mass ModifyAnswer: BQUESTION: 19A customer walked into the store and purchased a phone. If the shipping method ispickup on a Receivables transaction, and the option in the Company SetupOptions window to use the shipping method when selecting default tax schedulesis selected, what tax schedule appears by default on the transaction?A. The tax schedule assigned to the customerB. The tax schedule assigned to your companyC. The tax schedule assigned in Receivables Management SetupD. The tax schedule assigned to the phoneAnswer: BQUESTION: 20The System Administrator of the ABC Company completed all the security setupsfor a company. Where is security activated for the company in MicrosoftDynamics GP?A. Company Setup windowB. Security Role SetupC. Security Setup windowD. SQL Options window Answer: A 7http://www.certmagic.com