Microsoft MB3-003 Exam : Great Plains Project Series v.7.0

  • Exam Code: MB3-003
  • Exam Name: Great Plains Project Series v.7.0
  • Updated: Aug 05, 2026
  • Q & A: 100 Questions and Answers

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Microsoft MB3-003 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Accounting Setup- System configuration and initialization
  • 1. Posting setup and options
    • 2. Company and module setup
      - Security and access setup
      • 1. Project security settings
        • 2. User roles and permissions
          Topic 2: Project Creation and Maintenance- Cost tracking structure
          • 1. Resource allocation
            • 2. Cost categories and cost types
              - Project setup
              • 1. Project budgets and status management
                • 2. Project types and classes
                  Topic 3: Reporting and Analysis- Data analysis
                  • 1. Performance tracking
                    • 2. Financial summarization
                      - Standard reporting
                      • 1. Cost and budget variance reports
                        • 2. Project status reports
                          Topic 4: Time and Expense Management- Time entry processing
                          • 1. Timesheet entry and approval
                            • 2. Labor cost allocation
                              - Expense processing
                              • 1. Reimbursement and posting
                                • 2. Expense entry workflows
                                  Topic 5: Billing and Revenue Recognition- Revenue tracking
                                  • 1. Project profitability analysis
                                    • 2. Revenue recognition rules
                                      - Project billing setup
                                      • 1. Invoice generation
                                        • 2. Billing cycles and methods

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