Exam Code: MB-310
Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
Certification Provider: Microsoft
Corresponding Certification: Microsoft Dynamics 365
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Step 2: Go through the official course outline

After reviewing the exam details, you need to ensure that you are staying up-to-date with the entire course outline. It is worth mentioning that it is usually the most important part of the certification test. So, you should go to the Microsoft site and review the course outline.

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

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Skills measured

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

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Implementing & Managing Accounts Payables and Expenses (10-15%):

  • Manage and implement account payables: this domain requires competence in configuring validation policies for the invoice; setting up posting profiles for vendors; processing orders, payments, and invoices; configuring Vendor Collaborations modules; configuring account payable charges; configuring vendor payments, such as payment calendars and positive pay;
  • Configure & utilize expense management: this topic covers the skills in configuring workflow for expense management; configuring expense management, such as per diem options, personal expenses, categories, and mileage expenses; explaining the use cases for expense management policies as well as an Audit workbench; explaining and configuring credit card processing; managing expense reports.

Microsoft MB-310 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Manage budgeting10–15%- Allocate and control budgets
- Configure budgeting parameters and dimensions
- Create and revise budget plans
- Perform budget forecasting and analysis
Topic 2: Manage fixed assets10–15%- Manage asset leasing and valuation
- Acquire, depreciate, and dispose of fixed assets
- Configure fixed assets parameters and groups
- Perform fixed asset reporting and inquiries
Topic 3: Implement accounts receivable, credit, collections, and subscription billing15–20%- Manage customers and customer transactions
- Set up collections processes and workflows
- Configure accounts receivable parameters and profiles
  • 1. Set up customer groups and posting profiles
  • 2. Define payment terms and methods
- Configure credit management and limits
- Implement subscription billing and revenue recognition
Topic 4: Implement and manage accounts payable and expenses10–15%- Configure accounts payable parameters and profiles
  • 1. Set up vendor groups and posting profiles
  • 2. Define invoice matching and validation policies
- Manage vendors and vendor transactions
- Configure expense management and travel workflows
- Process invoices, payments, and prepayments
Topic 5: Implement financial management40–45%- Manage general ledger journals and transactions
- Configure financial dimensions
  • 1. Set up dimension security and default values
  • 2. Define dimension structures and rules
- Configure financial reporting and inquiries
- Configure fiscal calendars and periods
- Implement financial closing processes
- Manage currencies and exchange rates
  • 1. Process foreign currency revaluation
  • 2. Configure currency types and exchange rate providers
- Design and configure chart of accounts
  • 1. Configure main accounts and categories
  • 2. Set up ledger account aliases and control accounts
Topic 6: Manage cash, bank, tax, and cost accounting- Implement cost accounting and cost management
- Configure bank management and reconciliation
- Set up tax calculation and reporting
- Configure consolidation and elimination processes

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