Exam MB3-860:

Microsoft Dynamics GP 2010 Project Series

Published:August 12, 2010
Audience(s):Information Workers
Technology:Microsoft Dynamics GP 2010
Type:Proctored Exam

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Preparing for an Exam
This certification exam measures your ability to understand and explain the windows and processes involved in the configuration and use of the Microsoft Dynamics GP 2010 Project Series application module. This includes knowledge of the terms and concepts used in the module, and the ability to identify and convey solutions to other users.
Exam Topics Covered
The following list includes the topic areas covered on this exam.
  • Understanding Project Accounting Concepts
  • Setting up the Project Accounting Module
  • Configuring the Project Accounting Records
  • Entering and Posting Transactions
  • Maintaining Records
Audience Profile
Individuals wishing to obtain a certification on Microsoft Dynamics GP 2010 Project Series should take this exam.
Credit Toward CertificationWhen you pass Exam MB3-860: Microsoft Dynamics GP 2010 Project Series, you complete the requirements for the following certification(s):Exam MB3-860: Microsoft Dynamics GP 2010 Project Series: counts as credit toward the following certification(s):
Note This preparation guide is subject to change at any time without prior notice and at the sole discretion of Microsoft. Microsoft exams might include adaptive testing technology and simulation items. Microsoft does not identify the format in which exams are presented. Please use this preparation guide to prepare for the exam, regardless of its format.
Skills Being MeasuredThis exam measures your ability to accomplish the technical tasks listed below.The percentages indicate the relative weight of each major topic area on the exam.The higher the percentage, the more questions you are likely to see on that content area on the exam.

The information after “This objective may include but is not limited to” is intended to further define or scope the objective by describing the types of skills and topics that may be tested for the objective. However, it is not an exhaustive list of skills and topics that could be included on the exam for a given skill area. You may be tested on other skills and topics related to the objective that are not explicitly listed here.
Understanding Project Accounting Concepts (24%)
  • Project Types and Accounting Methods
    • May include: Definitions, Impact on billing and revenue recognition, distribution account usage.
  • Project Accounting module and product relationships and integration
    • May include: Time and Expense in Business Portal functionality, Personal Data Keeper functionality.
  • Project hierarchy
    • May include: Relationship of customers, contracts, projects, and cost categories and related classes.
Setting up the Project Accounting Module (19%)
  • User and User Class settings
    • May include: Security setup, User and User Class Project Accounting Setup.
  • Posting Setup
    • May include: Project Setup Cost Budget Accounts, Posting flow, Default posting accounts, transaction distributions.
  • Cost Transaction Setup
    • May include: Equipment Logs and Miscellaneous Logs Setup, Purchasing Setup for Project Accounting, Employee Expenses and Timesheet Setup, Inventory Transfer Setup.
  • Billing and Revenue Recognition Setup
    • May include: Billing and Revenue Recognition Setup, Combining for Revenue Recognition, Billing and Revenue Recognition Cycles.
Configuring the Project Accounting Records (21%)
  • Customer, Vendor, and Employee records
    • May include: Project settings for Customers, Vendors, Employees, and for associated classes.
  • Equipment, Miscellaneous, and Cost Category records
    • May include: Equipment, Miscellaneous, and Cost Category Maintenance.
  • Equipment, Employee, and Position rate tables
    • May include: Set up of Equipment, Employee, and Position rate tables, assignment of rate tables, use of rate table wizards.
  • Contract and Project maintenance
    • May include: Set up of Contract and Project maintenance, Project statuses, Project budgets, Creating Templates, Change Orders.
  • Fees
    • May include: Definition of fee types, impact of fees on revenue recognition and billing, use of fees on project types.
Entering and Posting Transactions (21%)
  • Timesheets and Employee Expenses
    • May include: Entry and posting of timesheets and employee expenses, correction of posted entries.
  • Equipment and Miscellaneous Logs
    • May include: Entry of posting of equipment and miscellaneous logs, correction of posted entries.
  • Purchase Orders, Receivings, and Invoices
    • May include: Entry of purchase orders, Entry and posting of receiving and invoice transactions, impact of transactions on project and inventory, returns from project entry
  • Inventory Transfers
    • May include: Entry and posting of standard and return inventory transfers, impact on projects and inventory.
  • Progress and Time and Materials Billings
    • May include: Entry and posting of progress and time and materials billings, fee billing, billing returns, cycle billing.
  • Revenue Recognition
    • May include: Entry and posting of revenue recognition, cycle revenue recognition, project type impact on revenue recognition.
Maintaining Records (15%)
  • Project Utilities
    • May include: Remove history utilities, Mass Contract Delete, Use of Project Reconciles.
  • Retrieve Project Information
    • May include: Project SmartLists, Initialize PA SmartList utility, Reports, Combine History.
  • Period End Routines
    • May include: Project Aging, Aging WIP, Paid Transaction Removal, Project Closing, Period Closing.
Preparation Tools and ResourcesTo help you prepare for this exam, Microsoft Learning recommends that you have hands-on experience with the product and that you use the following training resources. These training resources do not necessarily cover all of the topics listed in the "Skills Measured" tab.
Learning Plans and Classroom Training
Microsoft E-Learning There is no Microsoft E-Learning training currently available.
Microsoft Press Books There are no Microsoft Press books currently available.
Practice Tests There are no practice tests currently available.
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