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Microsoft MB-310

MB-310

Exam Code: MB-310

Exam Name: Microsoft Dynamics 365 Finance Functional Consultant

Updated: Aug 18, 2026

Q&A Number: 349 Q&As

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Microsoft MB-310 Exam Syllabus Topics:

TopicDetails

Set up and configure financial management (40-45%)

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
Implement and manage journals- describe options for implementing voucher numbers in journals
- configure journal names
- set up 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
- create templates to edit journals in Microsoft Excel
- perform reverse entries
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 manage financial reports including modifying 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 accounts receivable, credit, collections, and revenue recognition (15-20%)

Implement and manage accounts receivable- set up customers and customer posting profiles
- configure and process free text invoices
- process orders, invoices, and payments
- configure customer payment setup
- configure accounts receivable charges
- configure bank accounts for customers
- manage customer holds
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

Implement and manage accounts payable and expenses (10-15%)

Implement and manage accounts payable- configure invoice validation policies
- set up vendors and 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 bank accounts for vendors
- configure accounts payable journal approval settings
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
- configure and manage cash advance settings
- create and manage travel requisitions

Manage budgeting (10-15%)

Configure and manage budget controls- configure budgeting components including budget models, codes, allocation terms, cycles, and transfer rules
- 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
Configure and process budget plans- define a budget planning process
- plan a budget
- create a budget plan by using scenarios, stages, allocation stages, stage allocations, and templates
- create a budget plan template

Manage fixed assets (10-15 %)

Implement and manage fixed assets- create fixed assets and fixed assets groups
- configure fixed asset parameters
- describe fixed asset books and depreciation processes
- configure fixed asset books
- configure depreciation
Process fixed asset transactions- 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

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

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