Guides of Passing Microsoft Exam MB6-203

Guides of Passing Microsoft Exam MB6-231

Exam topics covered:
The following list include 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