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Target Audience

As a rule, functional consultants that know how to work with diverse business requirements and are able to translate them into appropriate business processes as well as solutions opt for the Microsoft MB-310 test. Also, such specialists have a basic knowledge of accounting methodologies, finance operations, business customer alongside field services, manufacturing, retail, etc.

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

Exam Overview

The Microsoft MB-310: Microsoft Dynamics 365 Finance exam is available in the English language and the candidates have to pay the fee of $165 to take it. Although Microsoft does not disclose its details, the students can expect between 40 and 60 questions covering a range of topics. The time allowed for the test is 120 minutes.

Skills measured

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

Microsoft MB-310 Exam Syllabus Topics:

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

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