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

MB3-003 pass collection

Exam Code: MB3-003

Exam Name: Great Plains Project Series v.7.0

Updated: Aug 18, 2026

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Microsoft MB3-003 Exam Syllabus Topics:

SectionObjectives
Topic 1: 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
          Topic 2: 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
                  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. Expense entry workflows
                                • 2. Reimbursement and posting
                                  Topic 5: Project Accounting Setup- Security and access setup
                                  • 1. User roles and permissions
                                    • 2. Project security settings
                                      - System configuration and initialization
                                      • 1. Posting setup and options
                                        • 2. Company and module setup

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