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Microsoft Microsoft Business Solutions MB3-003

MB3-003

Exam Code: MB3-003

Exam Name: Great Plains Project Series v.7.0

Updated: Aug 04, 2026

Q & A: 100 Questions and Answers

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Microsoft MB3-003 Exam Syllabus Topics:

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

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