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Microsoft MB3-003 Exam Syllabus Topics:

SectionObjectives
Project Accounting Setup- Security and access setup
  • 1. User roles and permissions
    • 2. Project security settings
      - System configuration and initialization
      • 1. Company and module setup
        • 2. Posting setup and options
          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
                  Time and Expense Management- Expense processing
                  • 1. Expense entry workflows
                    • 2. Reimbursement and posting
                      - Time entry processing
                      • 1. Timesheet entry and approval
                        • 2. Labor cost allocation
                          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. Performance tracking
                                    • 2. Financial summarization
                                      - Standard reporting
                                      • 1. Project status reports
                                        • 2. Cost and budget variance reports

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