pass4sure microsoft MB3-529 v2.83

GP 10.0 Inventory & Order Processing : MB3-529 Exam
Product DescriptionExam Number/Code: MB3-529
Exam Name: GP 10.0 Inventory & Order Processing

“GP 10.0 Inventory & Order Processing”, also known as MB3-529 exam, is a Microsoft certification. With the complete collection of questions and answers, Pass4sure has assembled to take you through 60 Q&As to your MB3-529 Exam preparation. In the MB3-529 exam resources, you will cover every field and category in Microsoft Business Solutions helping to ready you for your successful Microsoft Certification.

Exam topics covered
The following list includes the topic areas covered on this exam. The percentage indicates the portion of the exam that addresses a particular skill.

• Inventory Control (33 percent)
Inventory Integration
Item Setup and Maintenance
Transaction Entry
Stock Count Setup and Processes
Inventory Control Utilities
Inventory Year-End Close
Multi-Bin Functionality
In-Transit Transactions
Expired Lots

• Purchase Order Processing (33 percent)
Purchase Order Processing Integration
Purchase Order Entry
Shipment and Invoice Transaction Entry
Cost Variances
POP to SOP Integration
Purchase Order Enhancements – Commitments and Approvals
Landed Costs
Purchase Order (PO) Generator

• Sales Order Processing (34 percent)
Sales Order Processing Integration
General Sales Order Processing Setup (Including Specific Setup for Quotes, Orders, Back Orders, Invoices, and Returns)
Transaction Entry (Including Quotes, Orders, Back Orders, Invoices, and Returns)
SOP to POP Integration

Audience profile
Individuals who want to obtain a certification on Microsoft Dynamics GP 10.0 Inventory and Order Processing should take this exam.

Credit toward certification
When you pass this exam, you earn credit toward the following certifications:

• Microsoft Certified Business Management Solutions Specialist
• Microsoft Certified Business Management Solutions Professional – Applications for Microsoft Dynamics GP
• Microsoft Certified Business Management Solutions Professional – Installation and Configuration for Microsoft Dynamics GP
Preparation tools and resources
In addition to your hands-on experience working with the product, we highly recommend that you use the following tools and training to help you prepare for this exam.

E-Learning courses for this exam

• 8816: Inventory Control in Microsoft Dynamics GP 10.0

• 8822: Purchase Order Processing in Microsoft Dynamics GP 10.0

• 8824: Sales Order Processing in Microsoft Dynamics GP 10.0

Note We strongly recommend that you use training materials in conjunction with the corresponding E-Learning to prepare for a certification exam.

Training materials for this exam

Training materials for Microsoft Dynamics can be ordered through your local partner.

• 8816: Inventory Control in Microsoft Dynamics GP 10.0

• 8822: Purchase Order Processing in Microsoft Dynamics GP 10.0

• 8824: Sales Order Processing in Microsoft Dynamics GP 10.0

Classroom training for this exam

• 8816: Inventory Control in Microsoft Dynamics GP 10.0
• 8822: Purchase Order Processing in Microsoft Dynamics GP 10.0
• 8824: Sales Order Processing in Microsoft Dynamics GP 10.0

Supplemental learning resources

• Inventory Control, Purchase Order Processing, Sales Order Processing, and manuals and tutorials found in online Help in the Microsoft Dynamics GP product.

Microsoft online resources

• MSDN: The Microsoft Developer Network (MSDN) is a reference for developers that features code samples, technical articles, newsgroups, chats, and more.

• Training and certification newsgroups: There is a newsgroup for every Microsoft certification. By participating in the ongoing dialogue, you take advantage of a unique opportunity to exchange ideas with and ask questions of others, including more than 750 Microsoft Most Valuable Professionals (MVPs) worldwide.

Skills being measured
This certification exam measures your ability to do the following:

• Understand and articulate how to set up and use the Microsoft Dynamics GP 10.0 Inventory and Order Processing series (including Sales Order Processing, Purchase Order Processing, Purchase Order Enhancements, and Inventory Control).

Exam specifics
Time requirements and questions

• 90 minutes to complete the exam

• 60 questions, with a passing rate of 80 percent

• Multiple choice and multiple answer questions

Registration

• Register now (Prometric.com)

Question: 1
Inventory Control allows for tracking of “expired lots”. What are the methods that may be used to track expired lots? Choose the 2 that apply.

A. Receipt Date
B. Expiration Date
C. Posting Date
D. User Date
Answer: A, B Question: 2
Which inventory report will give you details for each inventory item along with the total value of your inventory?

A. Inventory Valuation report
B. Inventory Stock Status report
C. Inventory Aging report
D. Inventory Balances report
Answer: B Question: 3
Upon entering the Item Maintenance window, the list price and currency decimal fields will be disabled when which of the following situations exist?

A. The item type is Kit.
B. The price method is not defined as % of List Price. C. The item is a marked as a serial item
D. Multicurrency is a registered module.
Answer: D Question: 4
What is the purpose of “defining an account segment” in Inventory Control?

A. It can be used to represent an inventory site
B. It can be used to post items
C. It can be used to transfer items from one site to another
D. It can be used to delete items
Answer: A Question: 5
When the results of the physical count are processed using the stock count functionality, quantities are adjusted in Inventory and dollar amounts are adjusted in General Ledger.
Which automatic posting accounts are used for the General Ledger? Choose the 2 that apply.

A. Inventory Offset
B. Inventory
C. Variance
D. Cost of Goods Sold

Answer: B, C

Page 1 of 13

Exam Name: GP 10.0 Inventory & Order Processing
Exam Type: Microsoft
Exam Code: MB3-529 Total Questions: 60

Question: 6
What GP module(s) integrate with the Inventory Control Module? Choose the 2 that apply.

A. Sales Order Processing
B. Fixed Assets
C. Receivables Management
D. General Ledger
Answer: A, D Question: 7
What determines if an item on a stock count can be processed?

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A. If the item is counted B. If the item is captured C. If the item is verified
D. If the item is allocated
Answer: C Question: 8
How does an adjustment made to an item cost in the Inventory Adjust Costs window affect
Inventory and General Ledger?

A. Updates the item cost in Inventory and posts an adjustment to General Ledger
B. Updates the item cost in Inventory, but will not post an adjustment to General Ledger
C. Does not update the item cost in Inventory, but creates a adjustment batch in Inventory to manually post.
D. Does not update the item cost in Inventory, but will post an adjustment to update General
Ledge amount.
Answer: B Question: 9
The Inventory Control module allows for in-transit delivery of items. In order to keep track of these deliveries there are statuses associated with each delivery. What status description describes
when the items are in route to the destination site?

A. Picked B. Packed C. Shipped
D. Transferred
Answer: C Question: 10
A bin number can be assigned to which of the following?

A. Specific site IDs B. The “All” site ID C. Specific Lots
D. Unassigned site Ids

Answer: A

Page 2 of 13

Exam Name: GP 10.0 Inventory & Order Processing
Exam Type: Microsoft
Exam Code: MB3-529 Total Questions: 60

Question: 11
Which of the following is true regarding repeating batches in Inventory?

A. Inventory doesn’t allow recurring batches, but allows repeating transactions.
B. A batch can be defined as recurring. The items remain in the batch, but the quantities on the items zero out after posting.
C. A batch can be defined as recurring. The items and their quantities remain in the batch for the next time to post.
D. Inventory doesn’t allow recurring batches or transactions.
Answer: B Question: 12
Which of the following module(s) must be registered in order to utilize In-Transit Transfer Entry? Choose the 2 that apply.

A. Inventory
B. Sales Order Processing
C. General Ledger
D. Purchase Order Processing
Answer: A, D Question: 13
When happens when a stock count schedule is started? Choose the 3 that apply.

A. A stock count form can be printed to aid in the stock count.
B. Users are prevented from entering any transactions that affect the items quantity on hand
C. The quantities counted can be entered in the Stock Count Entry window.
D. A “snapshot” of the items quantities is taken. Users can still enter and post transactions that affect items quantity on hand
Answer: A, C, D Question: 14
When entering a transfer transaction, which characteristic of the default unit cost is true?

A. It will default with the unit cost if the item is set up to “default with unit cost”
B. Always defaults with current cost or standard cost (dependent on valuation method) and can be changed
C. Always defaults with the current cost or standard cost (dependent on valuation method) and cannot be changed
D. Never defaults. No cost is associated with the transfer transaction because the item isn’t being
sold.
Answer: C Question: 15
Where does the system store the value for the average cost of an item when the item is set up to use the Average Perpetual method?

A. The system stores it as the Standard Cost for that item B. The system stores it as the Average Cost for that item C. The system stores it as the List Price for that item
D. The system stores it as the Current Cost for that item

Page 3 of 13

Exam Name: GP 10.0 Inventory & Order Processing
Exam Type: Microsoft
Exam Code: MB3-529 Total Questions: 60

Answer: D

Question: 16
The In-Transit Transfer Entry window can be used to complete which of the following tasks? Choose the 3 that apply.

A. Track the dates when parts were requested and ordered
B. Access Internet tracking pages for shipping services
C. Automatically transfer inventory from the ‘From Site’ to the ‘Via Site’ to the ‘To Site’ D. Reprint a packing slip
Answer: A, B, D Question: 17
How should detailed beginning balance information be entered for inventory items?

A. In Item Quantities Maintenance
B. As a item transaction entry
C. As a stock count entry
D. As a transfer entry
Answer: B Question: 18
The distribution posting accounts for Inventory transactions default from where?

A. First from the item class, then from the item, finally from Posting Account Setup
B. First from the item, then from Posting Account Setup
C. First from the item, then from the item class, finally from Posting Account Setup
D. First from the customer, then from the item, finally from Posting Account Setup
Answer: B Question: 19
Which of the following options must be selected in order to post an inventory batch to General
Ledger? Choose the 2 that apply.

A. “Post to General Ledger” in Posting Setup for Inventory Series must be marked.
B. The fiscal period must be open for the Inventory Series for the User Date the transaction is posted
C. “Allow Transaction Posting” in Posting Setup for Inventory Series must be marked. D. “Post to General Ledger” in the Inventory Batch Entry must be marked
Answer: A, D Question: 20
The Quantity Available for an inventory item equals

A. Quantity on hand less quantity allocated B. Quantity on hand less quantity in transit C. Quantity on hand plus quantity on order D. Quantity on hand plus quantity returned

Answer: A

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Questions and Answers : 60 Q&As Expected Date: October 22nd , 2008 Price: $159.99 $125.99 Pre-Buy price: $88.19 Save $37.8

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