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Microsoft MB-310 Exam Topics, Blueprint and Syllabus

Microsoft Dynamics 365 Finance

Last Update December 25, 2024
Total Questions : 293

Our Dynamics 365 for Finance and Operations MB-310 exam questions and answers cover all the topics of the latest Microsoft Dynamics 365 Finance exam, See the topics listed below. We also provide Microsoft MB-310 exam dumps with accurate exam content to help you prepare for the exam quickly and easily. Additionally, we offer a range of Microsoft MB-310 resources to help you understand the topics covered in the exam, such as Dynamics 365 for Finance and Operations video tutorials, MB-310 study guides, and MB-310 practice exams. With these resources, you can develop a better understanding of the topics covered in the exam and be better prepared for success.

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Microsoft MB-310 Exam Overview :

Exam Name Microsoft Dynamics 365 Finance
Exam Code MB-310
Actual Exam Duration The duration of the Microsoft MB-310 exam is 180 minutes (3 hours).
What exam is all about Microsoft MB-310 is an exam that tests the skills and knowledge of candidates in implementing and managing Microsoft Dynamics 365 Finance. The exam covers various topics such as configuring and managing financial management, implementing and managing accounts payable and receivable, managing budgeting and fixed assets, and implementing and managing financial reporting. The exam is designed for professionals who work with Microsoft Dynamics 365 Finance and are responsible for implementing and managing financial processes in an organization. Passing this exam validates the candidate's skills and knowledge in using Microsoft Dynamics 365 Finance to manage financial operations effectively.
Passing Score required The passing score required in the Microsoft MB-310 exam is 700 out of 1000. This means that you need to answer at least 70% of the questions correctly to pass the exam. The actual passing score may vary depending on the difficulty level of the exam and the number of questions included in it. It is important to note that the passing score is subject to change without prior notice, so it is best to check the official Microsoft website for the latest information.
Competency Level required Based on the official Microsoft website, the MB-310 exam is designed for individuals who have a strong understanding of finance and accounting principles and are familiar with Microsoft Dynamics 365 Finance functionality. Candidates should have experience in implementing and using Dynamics 365 Finance, including knowledge of financial management, accounts payable and receivable, budgeting, and financial reporting. Additionally, candidates should have experience with Microsoft Power Platform, including Power BI, Power Apps, and Power Automate. The exam is intended for functional consultants, solution architects, and project managers who work with Dynamics 365 Finance.
Questions Format The Microsoft MB-310 exam consists of multiple-choice questions, drag and drop questions, and simulation-based questions. The exam may also include scenario-based questions that require candidates to analyze a situation and provide the best solution. The exam is designed to test the candidate's knowledge and skills in implementing and configuring Microsoft Dynamics 365 Finance and Operations.
Delivery of Exam The Microsoft MB-310 exam is a computer-based exam and is delivered through the Pearson VUE testing centers.
Language offered The Microsoft MB-310 exam is offered in English and Japanese language.
Cost of exam $165 USD
Target Audience The Microsoft MB-310 exam is designed for individuals who are interested in becoming Microsoft Dynamics 365 Finance Functional Consultants. The target audience for this exam includes: 1. Dynamics 365 Finance Functional Consultants: These are professionals who have experience in implementing and configuring Dynamics 365 Finance solutions for businesses. 2. Business Analysts: These are professionals who have experience in analyzing business requirements and translating them into functional specifications for Dynamics 365 Finance solutions. 3. Financial Professionals: These are professionals who have experience in financial management and accounting and are interested in implementing Dynamics 365 Finance solutions for their organizations. 4. IT Professionals: These are professionals who have experience in implementing and managing IT solutions and are interested in learning about Dynamics 365 Finance. 5. Project Managers: These are professionals who are responsible for managing Dynamics 365 Finance implementation projects and need to have a good understanding of the solution.
Average Salary in Market The average salary for a Microsoft Dynamics 365 Finance and Operations Functional Consultant is around $95,000 per year. This salary can vary depending on factors such as location, experience, and company size. Obtaining a Microsoft MB-310 certification can increase your earning potential and job opportunities in this field.
Testing Provider You can visit the official Microsoft website or authorized training centers to register for the exam.
Recommended Experience According to Microsoft, the recommended experience for the MB-310 exam is: - A working knowledge of Microsoft Dynamics 365 Finance and Operations - Experience in implementing and configuring Dynamics 365 Finance and Operations modules - Knowledge of financial management, supply chain management, and manufacturing processes - Familiarity with Microsoft Power Platform and Common Data Service - Understanding of Microsoft Azure and cloud computing concepts It is also recommended to have hands-on experience with Dynamics 365 Finance and Operations through practical work or training courses.
Prerequisite The prerequisite for Microsoft MB-310 exam is a good understanding of Microsoft Dynamics 365 Finance and Operations application functionality and business processes. It is recommended that candidates have experience working with the application and have completed the Microsoft Dynamics 365 Finance and Operations Apps Developer Associate certification. Additionally, candidates should have a basic understanding of accounting principles and financial management.
Retirement (If Applicable) Microsoft usually announces the retirement date of an exam at least six months in advance. You can check the Microsoft website or contact their support team for the latest information on the retirement date of the MB-310 exam.
Certification Track (RoadMap): The certification track/roadmap for the Microsoft MB-310 exam is as follows: 1. Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate - Pass MB-310: Microsoft Dynamics 365 Finance exam 2. Microsoft Certified: Dynamics 365 Supply Chain Management Functional Consultant Associate - Pass MB-300: Microsoft Dynamics 365 Supply Chain Management exam - Pass MB-310: Microsoft Dynamics 365 Finance exam 3. Microsoft Certified: Dynamics 365 Finance and Operations Apps Developer Associate - Pass MB-300: Microsoft Dynamics 365 Supply Chain Management exam - Pass MB-500: Microsoft Dynamics 365 Finance and Operations Apps Developer exam 4. Microsoft Certified: Dynamics 365 Finance and Operations Apps Solution Architect Expert - Pass MB-300: Microsoft Dynamics 365 Supply Chain Management exam - Pass MB-500: Microsoft Dynamics 365 Finance and Operations Apps Developer exam - Pass MB-700: Microsoft Dynamics 365 Finance and Operations Apps Solution Architect exam Each certification builds upon the previous one, with the highest level being the Dynamics 365 Finance and Operations Apps Solution Architect Expert.
Official Information https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310
See Expected Questions Microsoft MB-310 Expected Questions in Actual Exam
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Microsoft MB-310 Exam Topics :

Section Weight Objectives
Set up and configure financial management 50-55% Define and configure the chart of accounts
  • define and configure the chart of accounts and main accounts
  • describe use cases for main accounts categories, ledger account aliases, and balance control accounts
  • configure financial dimensions and dimension sets
  • configure legal entity overrides for financial dimensions and main accounts
  • create and configure account structures and advanced rules
Configure ledgers and currencies
  • construct fiscal calendars, years, and periods
  • configure the ledger
  • describe and configure batch transfer rules
  • set up currencies and conversions for a legal entity
  • manually enter currency exchange rates
  • configure currency exchange rate providers.
Implement and manage journals
  • describe options for implementing voucher numbers in journals
  • configure journal names
  • setup journal controls and posting restriction rules
  • describe and configure journal approvals
  • create voucher templates
  • describe use cases for periodic journals
  • configure and apply accrual schemes
  • set up intercompany accounting
Implement and manage cash and bank
  • create and maintain bank groups and bank accounts
  • describe and configure electronic payment formats
  • configure and process bank reconciliations including advanced bank reconciliations
  • configure cash flow reports
Implement cost accounting and cost management
  • describe cost accounting processes and terms
  • configure cost accounting processes
  • create a cost accounting report by using the Cost Accounting Report wizard
  • describe and configure the costing sheet and indirect costs
  • configure cost objects and cost groups
  • implement inventory costing versions
  • differentiate between inventory costing methodologies
  • configure item groups and posting profiles
  • perform inventory closing and adjustment processes
Perform periodic processes
  • configure a financial period workspace and closing schedule
  • define and demonstrate periodic closing processes and end-of-year processes
  • perform financial consolidation and elimination processes
  • configure allocation terms for a main account
  • create and process ledger allocation rules
  • implement foreign currency revaluation processes
  • create and management financial reports including row, column, and report definitions
Configure, collect, and report taxes
  • configure tax groups, tax codes, settlement periods, and jurisdiction
  • configure tax ledger posting groups
  • prepare periodic filings including end-of-year tax reporting
Implement and manage accounts payable and expenses 10-15% Implement and manage Accounts payable
  • configure invoice validation policies
  • set up vendor posting profiles
  • process orders, invoices, and payments
  • configure the Vendor Collaboration module
  • configure vendor payments including positive pay and payment calendars
  • configure accounts payable charges
Configure and use expense management
  • configure expense management including categories, per diem options, mileage expenses, and personal expenses
  • configure workflows for expense management
  • describe use cases for expense management policies and the Audit workbench
  • describe and configure credit card processing
  • manage expense reports
Implement accounts receivable, credit, collections, and revenue recognition 20-25% Implement and manage accounts receivable
  • set up customer posting profiles
  • configure and process free text invoices
  • process orders, invoices, and payments
  • configure customer payment setup
  • configure accounts receivable charges
Manage credit and collections
  • configure credit management processes
  • configure collections management processes
  • manage delinquent customers
  • prepare and send customer account statements
  • manage customer credit limits and credit holds
  • set up and process collection letters and interest notes
Configure revenue recognition
  • configure journals and parameters for revenue recognition
  • implement revenue schedules
  • enter and process revenue recognition transactions
Manage budgeting and fixed assets 10-15% Configure and manage budgeting processes
  • configure budgeting components including budget models, codes, allocation terms, cycles, and transfer rules
  • create a budget plan including scenarios, stages, allocation stages, stage allocations, and templates
  • define a budget planning process and plan a budget
  • configure budget controls including cycle time spans, budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions
  • create and configure registry entries
  • implement budget workflows
  • perform budget checks on documents and journals
Implement and manage fixed assets
  • create fixed assets and fixed assets groups
  • configure fixed asset parameters
  • describe and configure fixed asset books and depreciation
  • enable integration with purchasing, projects, and free text invoices
  • acquire, depreciate, and dispose of fixed assets
  • create fixed asset budgets and transfer the budgets to the budgeting module
  • estimate and perform an elimination of a project to a fixed asset