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Exam MB-310: Microsoft Dynamics 365 Finance

The content of this exam will be updated on August 27, 2021. Please download the skills measured document below to see what will be changing.

Candidates for this exam are Functional Consultants who analyze business requirements and translate those requirements into fully realized business processes and solutions that implement industry best practices. Candidates serve as a key resource in implementing and configuring applications to meet business requirements.

Candidates for this exam must have a fundamental understanding of accounting principles and financial operations of businesses including accounts payables and accounts receivables, taxes, costing principles, fixed assets, and budgeting.

Part of the requirements for: Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate

Download exam skills outline

Step 3: Locate and gather the right preparation resources

Finding and gathering the right resources is critical in any preparation process because it allows the candidates to have a deep understanding of each domain. You can go for the following options:

  • Books: They have always been around from the beginning of the study life cycles. They are still the most useful learning resources when it comes to preparing for any certification exam. Some of the top picks include the following guides:
    • Microsoft Dynamics 365 for Finance & Operations: Learn & Understand the Functionality of the Microsoft Enterprise Solution (Andreas Luszczak);
    • Implementing Microsoft Dynamics 365 for Finance & Operations: Implement Methodology, Integration, and Data Migration (Rahul Mohta);
    • Implementing Microsoft Dynamics 365 for Finance & Operations Apps (JJ Yadav).
  • Microsoft Training Programs: Microsoft offers two ways to prepare, which include paid instructor-led training courses and free online training paths. There are exam questions at the end of every module of online training.

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

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Microsoft MB-310 Exam Syllabus Topics:

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

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