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Microsoft 77-727 is an exam that checks an individual's capacity to handle functionalities within an Office Excel 2016 setup. It denotes that the candidate is competent in working with various workbook features such as multiple sheets, graphic elements, financial statements, data-entry logs, performance charts, and the like.

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Microsoft 77-727 primarily digs into the central data analysis, management, and presentation of Excel 2016. It's a performance-based test that concentrates more on descriptors instead of command names. Consequently, it's important to focus on Excel key functionalities to accomplish the exam on a high note.

Furthermore, it is assumed that 77-727 applicants already have a prior background in Excel 2016, ideally at least 6 months. Their knowledge must include the basic features of Excel and Office ribbon, including creating, navigating, and formatting documents, along with inserting pages, customizing the toolbar, and adding simple references.

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Reference: https://www.microsoft.com/en-us/learning/exam-77-727.aspx

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