Description

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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