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Skills measured

  • Manage budgeting and fixed assets (10-15%)
  • Implement and manage accounts payable and expenses (10-15%)
  • 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.
  • Set up and configure financial management (50-55%)
  • Implement accounts receivable, credit, collections, and revenue recognition (20-25%)

The Microsoft MB-310: Microsoft Dynamics 365 Finance exam is one of the major requirements for earning the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification. It is developed for the functional consultants who are involved in examining the business requirements and interpreting those elements into the business processes that can be fully realized.

The target audience for this test is those individuals who have the fundamental knowledge of financial operations and accounting principles of business, field service, and customer service, and who are able to apply the chain management and retail concepts. The candidates need to have a thorough understanding of the basic accounting practices.

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

Topics Covered in Official Text

Designed to test the candidate’s first-hand knowledge of cloud basics as well as make you better functional analysts, this test has been created to demonstrate that you are an expert analyst who's capable of setting up and configuring financial management and relative tools for the improvement of efficiency in various industries. In particular, the topics to be covered in this test are:

  • The configuration & setup of finance management;
  • How to manage and execute accounts that are payable in addition to expenses;
  • Putting into operation credit, varied accounts receivable, collections, and recognition for the revenue;
  • Monitoring fixed assets & budgeting.

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Detailed Exam Overview

The Microsoft MB-310 test is 150 minutes long and has about 40-60 questions. The exam format includes multiple-choice questions and other variants available in the Microsoft certification tests. The list of the possible types is in the FAQ section on the official webpage. It is known to be available to the students in the English language. The passing score is about 700 out of 1000 points, so try to earn more than that. The test is taken at a price of $165 in the United States. The applicants in other countries might be required to pay more.

Microsoft MB-310 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Implement and Manage Accounts Payable and Receivable25-30%- Implement Accounts Receivable
  • 1. Set up customers, customer groups, and customer posting profiles
  • 2. Configure and manage collection letters and interest
  • 3. Implement and process customer payments
  • 4. Implement free text invoices and sales orders
  • 5. Configure accounts receivable parameters and payment terms
- Implement Accounts Payable
  • 1. Implement and process vendor payments
  • 2. Set up vendors, vendor groups, and vendor posting profiles
  • 3. Configure accounts payable parameters and payment terms
  • 4. Configure charges and multi-lined invoice scenarios
  • 5. Implement invoice and payment workflows
Topic 2: Implement and Manage Fixed Assets10-15%- Configure Fixed Assets
  • 1. Configure fixed asset parameters and groups
  • 2. Configure fixed asset books and value models
  • 3. Implement fixed asset acquisition, depreciation, and disposal
  • 4. Implement fixed asset tracking and reporting
  • 5. Set up fixed asset depreciation methods and conventions
Topic 3: Configure and Implement Core Financial Functions20-25%- Implement and manage financial structures
  • 1. Create and manage legal entities
  • 2. Implement financial dimensions and dimension sets
  • 3. Configure chart of accounts and account structures
  • 4. Set up ledgers, currencies, and exchange rates
  • 5. Configure fiscal calendars, fiscal years, and periods
- Configure cash flow management
  • 1. Implement petty cash and workflow for cash management
  • 2. Configure bank management and bank accounts
  • 3. Set up cash flow forecasts
Topic 4: Implement and Manage General Ledger and Cost Accounting25-30%- Implement Cost Accounting
  • 1. Configure and process budget configurations
  • 2. Configure cost accounting module
  • 3. Implement cost allocations and cost behavior
  • 4. Create cost control units and cost groups
- Implement General Ledger
  • 1. Configure and process financial consolidation
  • 2. Configure and process journal entries
  • 3. Configure and manage intercompany accounting
  • 4. Implement advanced ledger structures
  • 5. Implement periodic processes and allocations

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