Preparation Guide for Exam #MB6-203
Microsoft Business Solutions – Axapta 3.0 Financials
Microsoft Training about MB6-203 exam PDF
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.
• General Ledger (29 percent)
Setup of Ledger Accounts Plus Chart of Account Functionality
Creation and Use of Financial Dimensions
Utilize Controls in the Chart of Account
Configuration and Use of Financial Statements and Financial Statement Rows
Set Up and Use Budget Models, Submodels, Allocation Keys, and Parameters
Set Up and Use General Journal, Including Bridging Postings and Journal Approval
Setup and Purpose of Sales Tax Codes and Item Sales Tax Groups (know how sales tax is specified and calculated, and where terms of payment are specified, and tax payments)
Run Cash Flow Forecast
Set Up Bank Management
Setup and Creation of Checks
Understand and Use the Reconciliation Process
Set Up a Company’s Base Currency and Secondary Currency, and Use the Currency Converter
Setup and Posting of Exchange Rate Differences, and Exchange Adjustment
• Accounts Receivable (22 percent)
Set Up Parameter Options for Accounts Receivable and Customer Setup
Set Up and Use Posting Profiles
Know the Purpose of Free Text Invoice Journal and Differences Between Free Text and Sales Order Invoices
Run Customer Reconciliation
Configuration and Execution of Collection Letters and Interest Calculations
Payment Journal Differences Between Accounts Receivable and General Ledger
Understand the Accounts Receivable Automatic Settlement Process
Know the Mechanics for Making Exchange Adjustments in Accounts Receivable
Set Up Payment Schedules
Print Deposit Slips from Accounts Receivable
Purpose of Customer Groups
Setup of Additional Parameters Used for Invoicing
Prepayment
• Account Payable (20 percent)
Set Up Posting Profiles and Parameters in Accounts Payable, and Vendor Setup
Invoice Receipt, Registration, and Approval
Configuration of Payments, Including Terms of Payment, Bridging, Cash Discounts, Payment Schedules, and Methods of Payments
Use the Audit Trail Functions
Run Vendor Reconciliation
Execute Vendor Invoice Registration and Approval
Understand the Accounts Payable Automatic Settlement Process
Vendor Invoice Posting
Reverse Closed Transactions
Calculate Cash Discounts
Set Up Method of Payment
Generate Payments
• Advanced Ledger (18 percent)
Set Up Inter-company Accounting and Transactions
Set Up, Print, and Troubleshoot Financial Statements
Set Up Consolidation Company
Set Up and Control Number Sequences
Perform the Fiscal Year-End Close
Setup and Use of System Accounts
Setup of Fiscal Periods
Bill of Exchange or XBRL?
• Fixed Assets (11 percent)
Setup and Creation of Fixed Assets
Acquisition of Fixed Assets
Posting Principles of Fixed Assets
Set Up and Use the Different Depreciation Methods
Create New Tangible Asset
Use Fixed Asset Budgets
Set Up Derived Value Models
Fixed Asset Consumption Registration
Audience profile
Individuals who want to obtain a certification on Microsoft Business Solutions – Axapta (now Microsoft Dynamics AX) 3.0 Financials 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
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
• Collection 8329: Introduction to Microsoft Dynamics AX 3.0
• Collection 8330: Financial Series I in Microsoft Dynamics AX 3.0
• Collection 8331: Financial Series II in Microsoft Dynamics AX 3.0
• Collection 8354: Fixed Assets in Microsoft Dynamics AX 3.0
Training materials for this exam
Training materials for Microsoft Dynamics can be ordered through your local partner.
• Microsoft Business Solutions – Axapta 3.0 Introduction
• Microsoft Business Solutions – Axapta 3.0 Financial Series I
• Microsoft Business Solutions – Axapta 3.0 Financial Series II
• Microsoft Business Solutions – Axapta 3.0 Fixed Assets
Classroom training for this exam
• Course 8329: Microsoft Business Solutions – Axapta Introduction
• Course 8330: Financial Series I – Microsoft Business Solutions – Axapta
• Course 8331: Financial Series II – Microsoft Business Solutions – Axapta
• Course 8354: Microsoft Business Solutions – Axapta Fixed Assets
Supplemental learning resources
• General ledger, accounts receivable, accounts payable, inventory management, master planning, and production
• Basic online Help within the Microsoft Dynamics AX 3.0 product
Additional skills recommended
• General working knowledge of general ledger, accounts receivable, accounts payable, and fixed assets functionality of Microsoft Dynamics AX 3.0
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 financials modules in Microsoft Dynamics AX 3.0, including general ledger, accounts receivable, accounts payable, and fixed assets.
Exam specifics
Time requirements and questions
• 90 minutes to complete the exam
• 60 questions, with a passing rate of 70 percent
• Multiple choice and multiple answer questions
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