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Exam MB-310: Microsoft Dynamics 365 for Finance and Operations, Financials

(Last Updated On: April 9, 2019)

This preparation guide includes information and tools to assist you in preparation for Exam MB-310: Microsoft Dynamics 365 for Finance and Operations, Financials.

Instructor-led training for MB-310

Training manuals for MB-310

We will create our own MB-310 training manuals for this exam and use them in our above-mentioned courses. The manual will also be available for purchase separately here, should you not be able to attend class.

This exam is all-new, so we are not quite ready yet. Get the news and product launch discounts – sign-up here. We will then keep you posted.

Who should take this exam?

Candidates for this exam are functional consultants who analyze business requirements and translates those requirements into fully realized business processes and solutions that implement industry best practices. Candidates serve as a key resource in implementing and configuring applications to meet business requirements.

Candidates for this exam have a fundamental understanding of accounting principles and financial operations of businesses, customer service, field service, manufacturing, retail, and supply chain management concepts.

Candidates for this exam typically specialize in one or more feature sets of Microsoft Dynamics 365 Finance and Operations, including finance, manufacturing, and supply chain management.

Candidates must have knowledge of basic accounting principles and practices

Prerequisite

Certification

Passing MB-300 plus MB-310 leads to the certification Microsoft Certified: Dynamics 365 for Finance and Operations, Financials Functional Consultant Associate.

Skills measured

This exam measures your ability to accomplish the technical tasks listed below. The percentages indicate the relative weight of each major topic area on the exam. The higher the percentage, the more questions you are likely to see on that content area on the exam. Please note that the questions may test on, but will not be limited to, the topics described in the bulleted text.

Set up and configure financial management (35-40%)

Implement and configure financial modules

  • configure and apply accrual schemes
  • configure cash flow reports
  • configure the letter of credit and letter of guarantee templates
  • set up intercompany accounting
  • create and configure account structures
  • configure other modules including cash and bank management and budgeting

Implement and test advanced features

  • implement posting definitions

Implement and test cost and allocation policies

  • implement cost accounting processes
  • implement inventory costing versions
  • implement item groups
  • create and process Ledger allocation rules
  • demonstrate the use of cost accounting terminology
  • construct fiscal calendars, years, and periods

Perform periodic processes

  • configure financial period close
  • define and demonstrate periodic closing processes and end-of-year processes
  • demonstrate regional tax reporting capabilities
  • perform bank reconciliation
  • perform financial consolidation
  • create a cost accounting report by using the cost accounting Report Wizard
  • allocate funds by using accounting distributions

Configure, collect, and report taxes

  • configure tax components
  • implement and test end-of-year tax reporting
  • prepare periodic filings

Manage and apply common processes (20-25%)

Define and configure the account structure

  • demonstrate the advanced ledger entries functionality
  • set up derived financial hierarchies
  • demonstrate financial consolidation and elimination processes
  • set up funds
  • define and configure the main account
  • define and configure the financial dimensions and dimension sets
  • perform financial statements
  • perform tracking of posted transactions

Implement regulatory and localization features and manage currencies

  • set up legal entity currencies and conversions
  • configure currency exchange rate providers
  • implement foreign currency revaluation processes
  • determine which regulatory and localization features to apply to a given scenario

Implement and manage journals

  • identify the different types of journals available and their setup
  • set up journal controls
  • configure the journal posting restriction rules
  • configure approval processes by using workflows
  • create voucher templates
  • perform daily procedures using journals

Implement and manage accounts payable and receivable (20-25%)

Implement and manage Accounts receivable

  • set up customer posting profiles
  • manage delinquent customers
  • configure billing codes for free text invoices, process orders, invoices, and payments
  • configure and process credit and collection
  • configure customer payment setup
  • prepare and send customer account statements
  • configure accounts receivable charges

Implement and manage Accounts payable

  • configure invoice validation policies
  • set up vendor posting profile, process orders, invoices, and payments
  • configure the Vendor collaboration module
  • configure vendor payments
  • configure accounts payable charges

Manage budgeting and fixed assets (15-20%)

Configure and manage Budgeting processes

  • configure budgeting components
  • create a budget plan template
  • create a budget plan by using the budget plan wizard
  • perform the budget planning process
  • configure budget controls
  • create and demonstrate registry entries
  • implement budget workflows

Implement and manage Fixed assets

  • create fixed assets and fixed asset groups
  • configure fixed asset parameters
  • identify when to enable integration with purchasing and sales module
  • perform acquisition, depreciation, and disposal of fixed assets

Preparation options for Exam MB-310: Microsoft Dynamics 365 for Finance and Operations, Financials

Instructor-led training

Configure and use essential components of financial management in Dynamics 365 for Finance and Operations (Course MB-310T01)

Configure and use accounts payable, receivable, and collections in Finance and Operations (Course MB-310T02)

Configure and use budgeting, fixed assets, and additional functionality in Finance and Operations (Course MB-310T03)

Training manuals for MB-310

We will create our own MB-310 training manuals for this exam and use them in our above-mentioned courses. The manual will also be available for purchase separately here, should you not be able to attend class.

This exam is all-new, so we are not quite ready yet. Get the news and product launch discounts – sign-up here. We will then keep you posted.

Self-paced training

Schedule exam

Schedule the exam at Microsoft

More information about D365FO exams

View the complete list of Microsoft Dynamics 365 FO Certification Exams

 

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