From the installation manual:
The compass calibrates itself automatically while the boat is turning in a circle. However, the automatic calibration process must be triggered by user action. During the calibration, the compass will measure the magnitude and direction of the local magnetic field. If the local magnetic field is stronger than the earth’s magnetic field (the local field is reading more than 100%), the compass calibration will fail. If the local field is reading more than 30%, you should look for any interfering magnetic objects and remove them, or you should move the compass to a different location. The local field angle will guide you to the local interfering magnetic object.
You can also download an iPhone app from Gemeco that has a magnetometer that measures microteslas.
I don't think that the Simrad manual mentions microteslas.