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Last Updated: Aug 18, 2026

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Microsoft MB3-003 Practice Q&A's

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Microsoft MB3-003 Exam Syllabus Topics:

SectionObjectives
Reporting and Analysis- Standard reporting
  • 1. Project status reports
    • 2. Cost and budget variance reports
      - Data analysis
      • 1. Performance tracking
        • 2. Financial summarization
          Billing and Revenue Recognition- Revenue tracking
          • 1. Project profitability analysis
            • 2. Revenue recognition rules
              - Project billing setup
              • 1. Billing cycles and methods
                • 2. Invoice generation
                  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
                          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
                                  Project Creation and Maintenance- Project setup
                                  • 1. Project types and classes
                                    • 2. Project budgets and status management
                                      - Cost tracking structure
                                      • 1. Resource allocation
                                        • 2. Cost categories and cost types
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