Microsoft Dynamics 365 Finance Functional Consultant : MB-310

  • Exam Code: MB-310
  • Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
  • Updated: Sep 05, 2026     Q & A: 349 Questions and Answers

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About Microsoft MB-310 Exam

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Skills measured

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

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

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To prepare for the MB-310 exam, Microsoft recommends that candidates take the Finance in Dynamics 365 for Finance and Operations course. This course covers the fundamental concepts of financial management in Dynamics 365 Finance and provides hands-on experience in using the application. Additionally, candidates can use study materials and practice exams available on the Microsoft website to prepare for the exam.

Microsoft MB-310 Exam Syllabus Topics:

SectionWeightObjectives
Implement and Manage Fixed Assets10-15%- Configure Fixed Assets
  • 1. Configure fixed asset books and value models
  • 2. Set up fixed asset depreciation methods and conventions
  • 3. Implement fixed asset tracking and reporting
  • 4. Implement fixed asset acquisition, depreciation, and disposal
  • 5. Configure fixed asset parameters and groups
Configure and Implement Core Financial Functions20-25%- Configure cash flow management
  • 1. Configure bank management and bank accounts
  • 2. Set up cash flow forecasts
  • 3. Implement petty cash and workflow for cash management
- Implement and manage financial structures
  • 1. Configure chart of accounts and account structures
  • 2. Create and manage legal entities
  • 3. Configure fiscal calendars, fiscal years, and periods
  • 4. Implement financial dimensions and dimension sets
  • 5. Set up ledgers, currencies, and exchange rates
Implement and Manage General Ledger and Cost Accounting25-30%- Implement Cost Accounting
  • 1. Create cost control units and cost groups
  • 2. Configure and process budget configurations
  • 3. Configure cost accounting module
  • 4. Implement cost allocations and cost behavior
- Implement General Ledger
  • 1. Implement advanced ledger structures
  • 2. Configure and manage intercompany accounting
  • 3. Configure and process journal entries
  • 4. Implement periodic processes and allocations
  • 5. Configure and process financial consolidation
Implement and Manage Accounts Payable and Receivable25-30%- Implement Accounts Payable
  • 1. Configure accounts payable parameters and payment terms
  • 2. Implement invoice and payment workflows
  • 3. Configure charges and multi-lined invoice scenarios
  • 4. Implement and process vendor payments
  • 5. Set up vendors, vendor groups, and vendor posting profiles
- Implement Accounts Receivable
  • 1. Implement and process customer payments
  • 2. Implement free text invoices and sales orders
  • 3. Configure and manage collection letters and interest
  • 4. Set up customers, customer groups, and customer posting profiles
  • 5. Configure accounts receivable parameters and payment terms

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