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Reference: https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310

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Skills measured

  • Manage budgeting and fixed assets (10-15%)
  • Set up and configure financial management (50-55%)
  • The content of this exam will be updated on August 27, 2021. Please download the exam skills outline below to see what will be changing.
  • Implement accounts receivable, credit, collections, and revenue recognition (20-25%)
  • Implement and manage accounts payable and expenses (10-15%)

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Microsoft MB-310 Practice Test Questions, Microsoft MB-310 Exam Practice Test Questions

The Microsoft MB-310 exam is one of the requirements for earning the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification. It is designed to validate the skills and competence of the candidates in analyzing the business requirements and translating the same into accomplished business solutions and processes that use the industry best practices. The individuals who pass this test and the related one will be awarded the associate-level certificate.

Microsoft MB-310 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Implement and manage accounts payable and expenses10–15%- Process invoices, payments, and prepayments
- Manage vendors and vendor transactions
- Configure accounts payable parameters and profiles
  • 1. Set up vendor groups and posting profiles
  • 2. Define invoice matching and validation policies
- Configure expense management and travel workflows
Topic 2: Manage cash, bank, tax, and cost accounting- Implement cost accounting and cost management
- Set up tax calculation and reporting
- Configure bank management and reconciliation
- Configure consolidation and elimination processes
Topic 3: Implement financial management40–45%- Implement financial closing processes
- Configure financial dimensions
  • 1. Set up dimension security and default values
  • 2. Define dimension structures and rules
- Configure fiscal calendars and periods
- Configure financial reporting and inquiries
- Design and configure chart of accounts
  • 1. Set up ledger account aliases and control accounts
  • 2. Configure main accounts and categories
- Manage general ledger journals and transactions
- Manage currencies and exchange rates
  • 1. Process foreign currency revaluation
  • 2. Configure currency types and exchange rate providers
Topic 4: Manage fixed assets10–15%- Manage asset leasing and valuation
- Configure fixed assets parameters and groups
- Acquire, depreciate, and dispose of fixed assets
- Perform fixed asset reporting and inquiries
Topic 5: Manage budgeting10–15%- Configure budgeting parameters and dimensions
- Allocate and control budgets
- Create and revise budget plans
- Perform budget forecasting and analysis
Topic 6: Implement accounts receivable, credit, collections, and subscription billing15–20%- Configure accounts receivable parameters and profiles
  • 1. Define payment terms and methods
  • 2. Set up customer groups and posting profiles
- Set up collections processes and workflows
- Manage customers and customer transactions
- Implement subscription billing and revenue recognition
- Configure credit management and limits

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