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Microsoft MB3-862 Exam Syllabus Topics:

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