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The candidates for the Microsoft MB-310 exam must understand its content before attempting to pass it. It is recommended that they go through the official website for the updated details at the point of preparing for the test. The topics covered within the domain of the certification exam are highlighted below:

Defining and Configuring Financial Management (50-55%):

• Perform periodic processes: this section requires competence in configuring closing schedule and financial period workspace; defining and demonstrating year-end processes and periodic closing processes; performing elimination processes and financial consolidation; configuring the allocation terms for main accounts; creating and processing ledge allocation policies; implementing the revaluation processes for foreign currency; creating and managing financial reports, including report definitions, row, and column;
• Configure, collect, and report taxes: the learners need to show competence in configuring tax groups, settlement periods, jurisdiction, and tax codes; configuring tax ledger posting groups; preparing the periodic filings, such as year-end tax reporting.
• Define & configure charts of accounts: this objective requires that the applicants demonstrate competence in defining and configuring charts of accounts & main accounts; explain the use cases for main accounts categories, balance control accounts, and ledger account aliases; configuring financial dimension & dimension sets; configuring legal entity overrides for main accounts and financial dimensions; creating and configuring account structures & advanced rules;
• Implement cost management & cost accounting: the potential candidates should have the skills in explaining cost accounting terms and processes; configuring cost accounting procedures; creating cost accounting reports with the use of the Cost Accounting Report wizard; explaining and configuring indirect costs and costing sheet.
• Configure currencies & ledgers: the candidates should be able to construct fiscal years, periods, and calendars; configure ledgers; explain and configure the batch transfer rules; configure conversions and currencies for legal entities; configure the currency exchange rate providers; enter the currency exchange rates manually;
• Manage & implement bank and cash: this topic covers competence in creating and maintaining bank accounts and bank groups; explaining and configuring electronic payment options; configuring and processing bank reconciliations such as advanced bank reconciliations; configuring cash flow reports;
• Manage & implement journals: this subtopic covers the skills in explaining options for the implementation of the voucher numbers within journals; configuring journal names; setting up journal controls & posting limitation rules; explaining and configuring journal approvals; creating voucher templates; explaining use cases for periodic journals; setting up inter-company accounting; configuring and applying accrual schemes;

The area will also measure one’s skills in configuring cost groups and cost objects, implementing inventory costing versions, differentiating between the inventory costing methodologies, configuring posting profiles and item groups, as well as performing adjustment processes and inventory closing.

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Languages: English

Retirement date: none

This exam measures your ability to accomplish the following technical tasks: set up and configure financial management; implement and manage accounts payable and expenses; implement accounts receivable, credit, collections, and revenue recognition; and manage budgeting and fixed assets.

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

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Microsoft MB-310 Practice Test Questions, Microsoft MB-310 Exam Practice Test Questions

The Microsoft MB-310 exam is one of the requirements for earning the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification. It is designed to validate the skills and competence of the candidates in analyzing the business requirements and translating the same into accomplished business solutions and processes that use the industry best practices. The individuals who pass this test and the related one will be awarded the associate-level certificate.

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