IT Certification

Microsoft MB-310 Real Exam Questions

Last Update: 26 Sep 2023


Guarantee your MB-310 exam success with examkiller's study guide. The MB-310 practice test questions are developed by experiences Microsoft Certification Professionals who working in todays prospering...


Guarantee your MB-310 exam success with examkiller's study guide. The MB-310 practice test questions are developed by experiences Microsoft Certification Professionals who working in todays prospering companies and Microsoft exam data center.

Exam Number: MB-310

Exam Title: Microsoft Dynamics 365 Finance Functional Consultant

Passing Score: 700 (Total Score: 1000)(Tips: You should pass 70% for each section of the exam (bar on the chart), or else you still faild the exam even your total score more than 700 )

Origin Provider: ExamKiller

Total Questions: 226 QAs

Type: Real Exam Questions

Guarantee: 100% Pass Guarantee

Demo: Click Here for Check Demo

Microsoft MB-310 Exam Objectives

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

Define and configure the chart of accounts

  • Describe use cases for financial dimensions
  • 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 and deferrals
  • 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 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
  • Describe and configure the costing sheet and indirect costs
  • Configure cost groups and cost categories
  • Implement inventory costing versions
  • Differentiate between inventory costing methodologies
  • Configure item model groups
  • Configure item groups and posting profiles
  • Perform inventory closing and adjustment processes

Perform periodic processes

  • Describe financial period workspaces and closing schedules
  • Define and demonstrate periodic closing processes and end-of-year processes
  • Perform financial consolidation and elimination processes
  • Describe use cases and options for performing allocations
  • 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 tax filings

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, payments, and credit memos
  • 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 vendor payments including positive pay and payment calendars
  • Configure accounts payable charges and apply changes to an invoice
  • Configure bank accounts for vendors
  • Configure accounts payable journal approval settings
  • Map expense categories to main accounts

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
  • Create and manage expense reports
  • Configure and manage cash advance settings
  • Create and manage travel requisitions

Manage budgeting (10–15%)

Implement basic budgeting

  • Configure budgeting components including budget models, codes, allocation terms, and transfer rules
  • Create and configure registry entries
  • Compare budgeted values with actual values
  • Implement budget register workflows

Configure and manage budget controls

  • 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
  • Create or generate a budget plan
  • 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 groups and other fixes asset attributes
  • Configure fixed asset posting profiles
  • Configure fixed asset parameters
  • Describe the fixed assets lifecycle
  • Configure fixed asset books
  • Select depreciation methods and configure depreciation
  • Create and manage fixed assets

Process fixed asset transactions

  • Enable integration with purchasing and free text invoices
  • Acquire, depreciate, and dispose of fixed assets
  • Create fixed asset budgets and transfer the budgets to the budgeting module

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