Prepare with Microsoft MB3-003 exam practice material, pass for sure

Updated: Jul 20, 2026

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Microsoft MB3-003 Exam Overview:

Certification Vendor:Microsoft
Exam Name:Microsoft Great Plains Project Series v.7.0
Exam Number:MB3-003
Passing Score:700 (scaled score)
Real Exam Qty:50-60
Exam Format:Multiple choice, Case studies, Scenario-based questions
Exam Duration:120 minutes
Related Certifications:Microsoft Dynamics GP Installation & Configuration
Microsoft Dynamics GP Core Financials
Available Languages:English
Exam Way:In-person or authorized testing center (legacy Microsoft certification delivery)
Pre Condition:Recommended: familiarity with Microsoft Dynamics GP core financial modules

Microsoft MB3-003 Exam Syllabus Topics:

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

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