Microsoft MB7-255 Exam Information and Actual Questions

MB7-255
FREE EXAM DUMPS QUESTIONS & ANSWERS

Certification Vendor:	Microsoft
Exam Name:	Microsoft Business Solutions Navision 4.0 Costing
Exam Number:	MB7-255
Related Certifications:	Microsoft Certified Dynamics Specialist: Microsoft Dynamics Navision 4.0 Costing Microsoft Certified Dynamics Professional: Applications for Microsoft Dynamics NAV
Exam Format:	Multiple Choice, Multiple Response
Certificate Validity Period:	Legacy certification (retired; originally did not have a fixed expiration period)
Available Languages:	English
Sample Questions:	Microsoft MB7-255 Sample Questions
Exam Way:	Authorized testing center (legacy onsite exam; currently retired and no longer available).
Pre Condition:	No formal prerequisite exam was publicly required; intended for professionals with Microsoft Business Solutions Navision 4.0 costing knowledge.

Section	Objectives
Topic 1: Costing Fundamentals	- Inventory valuation 1. Inventory value calculation 2. Cost flow principles - Costing methods 1. Average Cost 2. LIFO 3. Standard Cost 4. FIFO 5. Specific Cost
Topic 2: Work in Process and Production Orders	- WIP inventory 1. Consumption posting 2. Recognition of WIP - Production order costing 1. Completely invoiced status 2. Adjust Cost - Item Entries batch job 3. Finished production orders
Topic 3: Standard Cost Management	- Standard Cost Worksheet 1. Adjustment factors 2. Suggest Item Cost - Cost updates 1. Calculate Inventory Value batch job 2. Revaluation journal
Topic 4: Manufacturing Costing	- Capacity costing 1. Operation unit cost 2. Lot size calculations 3. Run time 4. Setup time - Material costing 1. Scrap percentage calculations 2. Purchased components
Topic 5: Inventory Cost Adjustment and Revaluation	- Inventory revaluation 1. Calculate Inventory Value 2. Manual journal entries - Cost adjustment 1. Adjust Cost - Item Entries 2. Post Inventory to G/L