Mb3-701 Microsoft Dynamics Gp 2013 Financials

By Author: Juan Hancock
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This exam MB3-701, Microsoft Dynamics GP 2013 Financials is basically designed to measure one’s ability to understand and to configure and manage the modules of Microsoft Dynamics GP 2013 financial. Particularly it includes configuration of the General Ledger, Payables Management, Receivables Management, and Fixed Assets modules; run the Microsoft Dynamics GP utilities and interpret the output from the utilities; configuration of system and company settings in Microsoft Dynamics GP; and perform maintenance procedures and identification of reporting options.

This exam MB3-701, Microsoft Dynamics GP 2013 Financials will measure the candidate’s ability to accomplish the technical tasks which are mentioned below. There are six topics that are discussed along with the percentages for each task/topic.

Configure Microsoft Dynamics GP which is the first section covers about fifteen to twenty percent of the exam including the navigation and integration elements, SmartLists, reports, and inquiries, Configure users and General Ledger posting options which further includes set up users and user classes; grant security ...
... access to users; configure General Ledger posting options; describe the purpose of audit trail codes and source documents; set up default posting accounts. This section also includes implement company setup procedures, and customizes Microsoft Dynamics GP and utilities

Set Up and Maintain the General Ledger section cover about fifteen to twenty percent of the exam including set up the General Ledger, Set up and process General Ledger transactions which further involves create batches; define transaction types; calculate taxes on transactions; post clearing, budget, and quick journal transactions; link transactions; recover from posting interruptions; implement multidimensional analysis etc. Enter transactions and maintain records, and Perform General Ledger period-end and year-end procedures it also include to run the Reconcile utility, print a trial balance; manage and remove historical transactions; close a fiscal year.

Set Up and Maintain Payables Management section covers fifteen to twenty percent of the exam which include Set up Payables Management which include customize the Payables Management module; add vendor classes; track vendor information; configure default settings, Enter Payables transactions, Process payments, Process intercompany transactions, Perform Payables Management period-end procedures including close a period; generate a reconciliation report; print 1099 forms; perform year-end close.
Set Up and Maintain Receivables Management section is of fifteen to twenty percent in the exam that includes Set up Receivables Management, and enter and edit receivables transactions, Maintain receivables master records and transactions, perform Receivables Management period-end procedures.

Set Up and Maintain Bank Reconciliation section which is of fifteen to twenty percent of the exam involving set up bank reconciliation, Enter or edit bank transactions, Reconcile bank statements, Maintain banking records
Set up the Fixed Assets module section covers fifteen to twenty percent of the exam including Set up assets, Enter and edit fixed assets, Maintain fixed asset master records and transactions, Perform period-end and year-end procedures for fixed assets which further include to run the Fixed Assets utilities; perform depreciation; post to General Ledger

For the preparation of this MB3-701, Microsoft Dynamics GP 2013 Financials exam it is strongly recommended by Microsoft Learning that the candidate should posses hand on experience with the product and also the candidate should us the training resources by Microsoft learning. In addition to these the candidate should also go through the exam topics (that are mentioned above).

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