Microsoft MB-310 Exam Topics

Microsoft MB-310 Exam Overview :

Exam Name:	Microsoft Dynamics 365 Finance Functional Consultant
Exam Code:	MB-310
Certifications:	Microsoft Dynamics 365, Microsoft Dynamics 365 Finance Functional Consultant Associate Certifications
Actual Exam Duration:	100 minutes
Exam Registration Price:	$165
See Expected Questions:	Microsoft MB-310 Expected Questions in Actual Exam

Microsoft MB-310 Exam Objectives :

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

Updates in the Microsoft MB-310 Exam Topics:

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