pass4sure microsoft MB3-532 v2.83

GP 10.0 Project Series : MB3-532 Exam
Product DescriptionExam Number/Code: MB3-532
Exam Name: GP 10.0 Project Series

“GP 10.0 Project Series”, also known as MB3-532 exam, is a Microsoft certification. With the complete collection of questions and answers, Pass4sure has assembled to take you through 75 Q&As to your MB3-532 Exam preparation. In the MB3-532 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.

• Setup and Installation (12 percent)
Installation
Setup

• Configuration (41 percent)
Customer
Contract
Project
Cost Category

• Transactions (19 percent)
Transaction Entry
Billing
Revenue Recognition

• Project Accounting Basics (12 percent)
General Use
Utilities

• Personal Data Keeper and Project Time and Expense for Business Portal (16 percent)
Installation
Setup
Remote Entry
Transactions
Reports and Inquiries

Audience profile
Individuals who want to obtain a certification on Microsoft Dynamics GP 10.0 Project Series 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
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

• 8707: Personal Data Keeper and Time and Expense in Business Portal 3.0

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.

• 8821: Project Series in Microsoft Dynamics GP 10.0

Classroom training for this exam

• 8821: Project Series in Microsoft Dynamics GP 10.0

Supplemental learning resources

• General Ledger, Payables Management, and Receivables Management online manuals and tutorials found in online Help in the Microsoft Dynamics GP product.

Additional skills recommended

• General working knowledge of Microsoft Dynamics GP fundamentals. Specifically, knowledge of Receivables Management and General Ledger would be beneficial.

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.

Top of page
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 Project Series application module effectively, and employ the terms used in the application to adequately convey solutions to other users.

Top of page
Exam specifics
Time requirements and questions

• 90 minutes to complete the exam

• 75 questions, with a passing rate of 80 percent

• Multiple choice and multiple answer questions

Question: 1
Fill in the blank. Change Order tracking must be activated per____.

A. Project
B. Customer
C. Cost Category
D. Employee
Answer: A Question: 2
User setup options in Project Accounting may be used to restrict changes to the following information during cost or billing transaction entry? Choose the 2 that apply.

A. Billing Rate B. Billing Type C. Project Type
D. Billing Cycle ID
Answer: A, B Question: 3
Which window determines how the periods are configured in the Periodic Budget window?

A. System Setup
B. Project Setup
C. Account Format Setup
D. Fiscal Period Setup
Answer: D Question: 4
Which of the following types of information may be copied from a project template? Choose the 3
that apply.

A. Access List
B. Billing Cycle ID C. Budgets
D. Unposted transactions
Answer: A, B, C Question: 5
Which of the following statements is true regarding the Billing Format Setup window?

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A. It is an easy way to format your invoices instead of using Report Writer. B. I can group multiple billing invoice reports to be printed together.
C. I can specify which notes I want to print on an invoice. D. It is not used for Project Accounting.
Answer: B Question: 6
When a new employee is added to the system, which type of information is automatically updated
for any established Employee Rate Table?

TK

A. No data is automatically updated
B. Profit type
C. Profit percentage
D. Hourly rate and overhead
Answer: A Question: 7
Which of the following best describes how the account sources under Microsoft Dynamics GP – Tools – Setup – Project – Project are used?

A. They are not used.
B. To keep track of the accounts.
C. They are the General Ledger account sources for any project transactions. D. They are default General Ledger account sources for new projects.
Answer: D Question: 8
Which setup option may NOT be changed after transactions have been either saved in a batch or
posted?

A. Reporting period
B. Next document number
C. Default Profit Types from
D. Default Billing Note from
Answer: A Question: 9
After posting transactions what must be done before the Combined History Inquiry window displays the information?

A. A filter must be set up. B. Fees must be billed.
C. The Combined History Utility must be used. D. Nothing
Answer: C Question: 10
Which of the following describes the composition of the Project Amount field displayed in the
Project Maintenance window?

A. Budgeted revenue + budgeted costs + applicable fees
B. Project fees + service fees + retention fees
C. Budgeted costs + retainer fee + project fees
D. Budgeted revenue + service fees + project fees
Answer: D Question: 11
When a Customer ID is added to the Third Party Customer List for a Project which of the following is true?

A. The newly added customer may be billed for the project.
B. Drop-ship purchase orders for the project may only use the Third Party customer and the original customer.
C. The original customer associated with the project can no longer be billed. D. The customer may see the other customer’s projects.
Answer: A Question: 12
What status must a Project have in order to change the ‘Forecast’ amounts or quantity of a
budget?

A. Open
B. Closed
C. Estimate
D. Completed
Answer: A Question: 13
Time and Materials projects can NOT use which of the following posting distribution types? Choose the 2 that apply.

A. Overhead
B. Project Loss
C. Work in Progress
D. Earnings in Excess of Billings
Answer: B, D Question: 14
If an organization is continually adding new employees to work on projects and would like to have them setup with billing rates that correlate to their role in the company, what would be the optimal method for assigning billing rates for Time and Materials projects?

A. Assign billing rates on each budget
B. Use a Position Rate Table
C. Use an Employee Rate table
D. Use a template with billing rates on each budget
Answer: B Question: 15
Which statement best describes how the Accept Replacements option for rate tables in the
Project Billings Settings and the Budget Rates windows function?

A. It allows/disallows line item changes to be reflected on the selected project.
B. It works in conjunction with the “Replace Rate Table on projects with this one” option in the rate table wizard.
C. It allows/disallows users to change from an employee to position rate table on the project. D. It allows/disallows users to make changes to the rate when entering transactions.

Answer: B

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Questions and Answers : 75 Q&As Expected Date: October 22nd , 2008 Price: $159.99 $125.99 Pre-Buy price: $88.19 Save $37.8

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