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Microsoft MB3-207 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Project Costing and Accounting20%- Project closing procedures
- Cost posting and adjustments
- Work in progress (WIP) accounting
- Direct and indirect cost tracking
Topic 2: Time and Expense Management20%- Timesheet integration with payroll
- Expense entry and reimbursement
- Time entry and approval
- Cost allocation and distribution
Topic 3: Billing, Revenue and Reporting15%- Project profitability analysis
- Standard and custom reports
- Revenue recognition methods
- Creating project invoices
Topic 4: Project Setup and Configuration25%- Billing and revenue recognition setup
- Project setup and parameters
- Integration with General Ledger
- Project types and categories
Topic 5: Project Budgeting and Forecasting20%- Forecasting costs and revenue
- Creating and maintaining project budgets
- Budget vs actual analysis
- Budget revisions and versions

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