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Microsoft MB-310 Exam Reference

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.

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:

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

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Official Text Books

Like most of the other Microsoft evaluations, revision guides are important in the preparatory phase. While Microsoft does not have a list of required books for you when it comes to MB-310 prep, a ton of these has been designed to help you better understand the tested concepts. Some of these guides are found on Amazon:

  • Implementing Microsoft Dynamics 365 for Finance and Operations App by Sandeep Shukla, JJ Yadav, and other

    Well, such a comprehensive book from renowned IT authors takes a deeper look into finance and operations. Lifecycle Services (LCS) have been identified as one of the key topics in the course outline. Thus, the material discusses what LCS entails as well as highlights the necessary tools for managing projects. Besides that, data management, Power BI, the integration of technology, and managing go-live are a few of the other key areas this revision resource covers. So, if you’re intended to tackle all the intricacies of Dynamics 365 for Finance, this material is a way to go.

  • Beginners Guide to Dynamics 365 for Finance and Operations, Enterprise Edition by Murray Fife

    Albeit introductory, such a manual welcomes you to the concept of fact boxes, filter lists, navigating with Dynamics 365, etc. Also, it gives you an insight into each of the topics of MB-310 in an easy and well-written manner. More so, here, you’ll get to know what the user interface is including its nuisances, and how to deal with varied Dynamics 365 environments. In case you go so far as to get the material from Amazon, it’s available for roughly $50 as a paperback edition.

  • Using Microsoft Dynamics 365 for Finance and Operations: Learn and Understand Functionality of Microsoft’s Enterprise Solution by Andreas Luszczak

    This material has been designed to offer candidates first-hand knowledge of the concepts and topics needed to pass the official exam. Particularly, it will help you prepare for supply chain, manufacturing as well as financial types of management, which are fundamental topics you'd need to familiarize yourself with if you're to earn this designation. Plus, the concepts are designed in an easy-to-understand, well-written, and engaging format that anyone interested in the finance and supply chain industry would like to know. In addition to covering all of the exam objectives, this book comes with detailed case studies that will help you retain information and facilitate the learning process as a whole.

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

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Microsoft MB-310 Exam Syllabus Topics:

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

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