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Microsoft MB3-862 Exam Syllabus Topics:

Section	Objectives
Topic 1: Sales Order Processing	- Sales order lifecycle 1. Order entry and fulfillment 2. Shipping and invoicing - Customer management 1. Customer setup and pricing 2. Returns and credit processing
Topic 2: Reporting and Analysis	- Inventory reporting 1. Turnover and usage analysis 2. Stock status reports
Topic 3: Inventory Valuation and Costing	- Valuation and reporting 1. Inventory valuation reports 2. Cost adjustments and revaluation - Costing methods 1. FIFO and average costing 2. Standard costing principles
Topic 4: Purchase Order Processing	- Purchase order lifecycle 1. Creating and approving purchase orders 2. Receiving and invoicing inventory - Vendor management 1. Vendor setup and maintenance 2. Purchase returns processing
Topic 5: Inventory Management in Microsoft Dynamics GP	- Inventory setup and configuration 1. Item cards and item classes setup 2. Inventory control settings - Inventory transactions 1. Stock receipts and adjustments 2. Inventory transfers