Use this quick start guide to collect all the information about Microsoft Dynamics 365 Finance (MB-310) Certification exam. This study guide provides a list of objectives and resources that will help you prepare for items on the MB-310 Microsoft Dynamics 365 Finance Functional Consultant exam. The Sample Questions will help you identify the type and difficulty level of the questions and the Practice Exams will make you familiar with the format and environment of an exam. You should refer this guide carefully before attempting your actual Microsoft MCA Dynamics 365 - Finance Functional Consultant certification exam.
The Microsoft Dynamics 365 Finance certification is mainly targeted to those candidates who want to build their career in Microsoft Dynamics 365 domain. The Microsoft Certified - Dynamics 365 Finance Functional Consultant Associate exam verifies that the candidate possesses the fundamental knowledge and proven skills in the area of Microsoft MCA Dynamics 365 - Finance Functional Consultant.
Microsoft Dynamics 365 Finance Exam Summary:
| Exam Name | Microsoft Certified - Dynamics 365 Finance Functional Consultant Associate |
| Exam Code | MB-310 |
| Exam Price | $165 (USD) |
| Duration | 120 mins |
| Number of Questions | 40-60 |
| Passing Score | 700 / 1000 |
| Books / Training | MB-310T00-A: Microsoft Dynamics 365 Finance |
| Schedule Exam | Pearson VUE |
| Sample Questions | Microsoft Dynamics 365 Finance Sample Questions |
| Practice Exam | Microsoft MB-310 Certification Practice Exam |
Microsoft MB-310 Exam Syllabus Topics:
| Topic | Details |
|---|---|
Implement financial management (40-45%) |
|
| Design and configure the chart of accounts |
- Design and configure financial dimensions - Design and configure the chart of accounts and main accounts - Configure main accounts categories, ledger account aliases, and balance control accounts - Configure legal entity overrides for financial dimensions and main accounts - Configure and manage account structures and advanced rules - Design and configure financial tags - Configure derived dimensions and financial dimension default templates |
| Configure ledgers and currencies |
- Configure batch transfer rules - Configure currency exchange types and rates - Configure a currency revaluation posting profile - Configure and import exchange rates by using the exchange rate provider - Configure accounting and reporting currencies |
| Implement and manage journals |
- Configure journal names and vouchers - Configure journal controls and posting restriction rules - Implement journal workflow approvals - Configure and use periodic journals - Configure and apply accrual schemes - Configure intercompany accounting - Create templates to edit journals in Microsoft Excel - Reverse financial transaction entries - Configure default descriptions - Create and use journal entries, including validation and posting - Configure batch processing of journals |
| Implement and manage cash and bank |
- Create and manage bank groups and bank accounts - Configure payment formats - Configure bank reconciliations, including advanced bank reconciliations - Configure the cash flow forecast setup, including automation setup - Perform bank foreign currency revaluation - Process manual and advanced bank reconciliations - Configure shared payment setup for customers and vendors |
| Perform periodic processes |
- Design and configure periodic closing processes and end-of-year processes, including main accounts and templates - Perform financial consolidation and elimination processes by using Consolidation online - Create and manage financial reports, including modifying row, column, and report definitions, and reporting trees - Design and configure financial period workspaces and closing schedules - Design and configure legal entity for consolidation and elimination by using Consolidation online - Design consolidation and elimination by using financial reports - Configure and process ledger settlements - Perform general ledger foreign currency revaluation - Manage the ledger calendar |
| Configure, collect, and report taxes |
- Configure tax groups, tax codes, settlement periods, and authorities - Configure tax ledger posting groups - Settle and post sales tax - Configure withholding tax groups, tax codes, and authorities |
Implement accounts receivable, credit, collections, and subscription billing (15-20%) |
|
| Implement and manage accounts receivable |
- Configure customers and customer groups, including configuring shared customers - Configure and process free text invoices, including recurring free text invoices - Process sales order invoices and credit memos - Configure customer payment methods - Configure accounts receivable charges and apply changes to an invoice - Manage customer holds - Configure customer posting profiles - Process customer payments - Configure customer change approvals - Perform accounts receivable foreign currency revaluation - Configure and use billing classification - Configure batch processing of free text and sales order invoicing - Configure bank accounts for customers |
| Manage credit and collections |
- Configure credit management processes - Configure collections management processes, including collection activities - Manage delinquent customers - Prepare and send customer account statements - Configure and process collection letters - Configure aging definitions and process aged balances - Process and manage credit holds - Configure and use customer write-offs - Configure and process interest notes |
| Configure and manage subscription billing |
- Generate sales documents by using billing schedules - Manage billing schedules, including price update and hold termination - Configure contract billing, including billing schedule group, item group, and milestone setup - Configure and use revenue deferrals and recognition, including for charges, deferral defaults, and items deferred by default - Configure and use expense deferrals and recognition - Process and manage revenue and expense recognition schedules |
Implement and manage accounts payable and expenses (10-15%) |
|
| Implement and manage accounts payable |
- Configure invoice validation policies and invoice matching setup - Configure vendor groups, vendors, and vendor posting profiles, including configuring shared vendors - Process purchase order invoices and credit memos, including prepayments - Configure vendor payment methods - Configure accounts payable charges, and apply changes to an invoice - Configure bank accounts and bank account approvals for vendors - Configure vendor change approvals - Perform accounts payable foreign currency revaluation - Configure vendor invoice automation - Process the vendor invoice journal including voyage cost - Configure and use recurring vendor invoices - Process and generate vendor payments, centralized payments, and prepayments - Manage vendor holds and inactivation |
| Configure and use expense management |
- Configure expense management including categories, per diem options, mileage expenses, intercompany expenses, and personal expenses - Create and manage expense reports |
Manage budgeting (10-15%) |
|
| Implement basic budgeting |
- Configure budgeting components, including budget models, codes, allocation terms, and transfer rules - Create and manage budget register entries - Compare budgeted values with actual values |
| Configure and manage budget controls |
- Configure budget controls including budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions - Perform budget checks on documents and journals - Configure budget cycle time spans - Activate or deactivate budget control configurations |
Manage fixed assets (10-15%) |
|
| Implement and manage fixed assets |
- Create and manage fixed asset groups and other fixed asset attributes - Configure fixed asset posting profiles - Configure fixed asset parameters - Configure fixed asset books - Configure depreciation profiles - Create and manage fixed asset - Configure mapping for fixed asset groups and books |
| Process fixed asset transactions |
- Process fixed asset disposal (sales) by using free text invoices - Process fixed asset acquisitions by using purchase orders, journals, inventory journals, and projects - Create fixed asset budgets and transfer the budgets to the budgeting module - Process fixed asset depreciation - Process fixed asset disposals and other transactions by using the fixed asset journal - Process fixed asset split, reclassification, and transfer - Process acquisition and depreciation for derived books |
To ensure success in Microsoft MCA Dynamics 365 - Finance Functional Consultant certification exam, we recommend authorized training course, practice test and hands-on experience to prepare for Microsoft Dynamics 365 Finance Functional Consultant (MB-310) exam.