Microsoft Dynamics 365 Finance Functional Consultant : MB-310

MB-310 real exams

Exam Code: MB-310

Exam Name: Microsoft Dynamics 365 Finance Functional Consultant

Updated: Aug 12, 2026

Q & A: 349 Questions and Answers

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Skills measured

  • Set up and configure financial management (50-55%)
  • 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.

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.

Microsoft MB-310 Exam Syllabus Topics:

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