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The MB-310 exam is based on a number of topics, which are divided further into several other subtopics. Basically, the test is comprised of the following 4 domains:

  • Managing Budgeting and Fixed Assets (10-15%): The last area comes with the implementation and management of the fixed assets and configuration and management of the budgeting processes.
  • Implementing Revenue Recognition, Accounts Receivable, Collections, and Credit (20-25%): This section includes the topics related to the management and implementation of the accounts receivable, configuration of revenue recognition, and management of collections and credit;
  • Setting Up and Configuring Financial Management (50-55%): The first subject area of this exam revolves around the concepts of configuring currencies and ledgers, implementing journals and managing them, as well as performing periodic processes. Other concepts include implementing and managing bank and cash. Furthermore, it includes the configuration of the chart of accounts and configuration, collection, and reporting of taxes;
  • Implementing and Managing Accounts Expenses and Payable (10-15%): The second domain focuses on the implementation and management of the accounts payable. Besides that, it includes the concepts such as configuration and usage of the expense management;

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

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Conclusion

Taking and passing the Microsoft MB-310 test is a step in the right direction for functional consultants seeking to learn and master the act of meeting business requirements. The Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification being globally recognized will prepare you to take more roles in the industry if you nail such a test. Also, this description has highlighted a few books you need to efficiently prepare for and clear the actual evaluation. Everything is in your hands now so do your best!

Overview of MB-310 Evaluation

Comprising over 40-60 questions, this test will last for 130. Unlike some of the other exams, candidates may encounter scenario-based, drag and drop, multiple-choice, and best answer questions. Only available in English, candidates will be required to pay a sum of $165 if they are to qualify for this validation. Additionally, candidates will have to score more than 700 points if they are to be deemed certified Microsoft Dynamics 365 functional consultants. This test has been created to monitor or examine your knowledge of basic cloud concepts like Azure including services like security, compliance, privacy, etc. Albeit no prerequisites for completing this exam, candidates must have basic knowledge of the various accounting principles as well as practices, if they are to duly qualify to take such a test.

Microsoft MB-310 Exam Syllabus Topics:

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