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Microsoft MB-310 Premium Bundle
Microsoft MB-310 Premium Bundle

Premium File 161 Questions & Answers

Last Update: Nov 13, 2021

Training Course 25 Lectures

Study Guide 889 Pages

$79.99

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MB-310 Exam Facts

The MB-310: Microsoft Dynamics 365 Finance exam is one of two tests that the individuals need to take to get the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification. To qualify for this certificate, the candidates are also required to clear the MB-300: Microsoft Dynamics 365: Core Finance and Operations test. This MB-310 exam validates one’s skills and knowledge necessary for analyzing and translating the business requirements into fully realized business procedures and solutions that implement industry best practices.

Requirements

This certification exam is intended for those Functional Consultants who play a key role in the implementation and configuration of applications to meet the business needs. These professionals are responsible for capturing requirements, performing discovery, engaging the subject matter stakeholders and experts, translating requirements, as well as configuring solutions and apps. They are involved in the implementation of a solution with the use of codeless extensibility, out of the box capabilities, and application & service integrations.

Before attending the Microsoft MB-310 test, the applicants need to acquire a basic comprehension of financial operations and accounting principles of businesses. Specifically, they are expected to be conversant with accounts receivables and accounts payables, fixed assets, taxes, costing principles, and budgeting.

Exam Overview

The Microsoft MB-310 exam has the duration of 180 minutes (3 hours). Within this allocated timeframe, the test takers are supposed to answer from 40 to 60 questions. The types of questions that may appear in the specific delivery of the certification exam include scenario-based single answer, multiple choice, arrange in the correct sequence, drag and drop, and case studies, among others. To achieve the pass mark and complete the test, the students are required to score a minimum of 700 points out of 1000. The exam is delivered in the English language only and costs $165 in addition to applicable taxes.

The syllabus of the MB-310: Microsoft Dynamics 365 Finance exam is divided into four extensive domains. The applicants need to develop a good understanding of these topics before appearing for the test. The knowledge areas covered in this Microsoft exam are described below:

  • Setting Up & Configuration of Financial Management (50-55%)

    The first topic of the Microsoft MB-310 exam measures the skills of the candidates in determining and configuring the chart of accounts. Besides that, they will be asked to prove their ability to configure currencies & ledgers as well as execute periodic procedures. They should also know how to perform the implementation & management of journals in addition to cash and bank. Apart from that, the individuals will be evaluated based on their proficiency in configuring, collecting, and reporting taxes as well as implementing cost accounting & cost management.

  • Implementation and Management of Expenses & Accounts Payable (10-15%)

    This section of the certification exam is designed to assess the expertise of the test takers in implementing and managing accounts payable, including configuration invoice validation policies, configuring the vendor collaboration module, configuring bank accounts for vendors, configuring accounts payable charges, and so on. This topic also evaluates one’s ability to perform the configuration and usage of expense management. This requires your skills in configuring workflows for expense management, configuring & managing cash advance settings, managing expense reports, creating & managing travel requisitions, etc.

  • Implementation of Credit, Collections, Accounts Receivable, and Revenue Recognition (20-25%)

    Within this subject area, the students need to demonstrate their proficiency in implementing and managing accounts receivable. This includes their skills in configuring customer payment, configuring bank accounts for the customers, configuring and processing free text invoices, configuring accounts receivable charges, managing customer holds, and so on. The applicants will be also tested based on their ability to perform the management of credit and collections. This requires the skills in managing delinquent clients, managing the limits of customer credit and credit holds, configuring collections management procedures, etc. Lastly, this objective measures the competency of the learners in configuring revenue recognition, including configuring parameters for revenue recognition & journals, implementing revenue schedules, as well as processing revenue recognition transactions.

  • Management of Fixed Assets & Budgeting (10-15%)

    The last part of the certification test evaluates the ability of the specialists to perform the configuration and management of budgeting procedures, including the creation and configuration of registry entries, implementation of budget workflows, execution of budget checks on documents and journals, and so on. Within the second subtopic, the examinees will be required to show that they are capable of configuring the parameters of fixed assets, creating fixed assets & fixed asset groups, describing and configuring depreciation & fixed asset books, etc.

Preparation Options

Before sitting for the Microsoft MB-310 exam, the applicants are strongly recommended to complete the official instructor-led training course designed by Microsoft. The MB-310T00-A: Microsoft Dynamics 365 Finance course equips the candidates for the MB-310 test with an understanding of the financial aspects of Dynamics 365. After completing this training option, the learners will be capable of configuring and using core financial components, fixed assets, collections, accounts receivable, accounts payable, budgeting, and additional functionality. The course is 4 days long and given to the potential examinees in the English language.

Moreover, the vendor encourages the test takers to complete online learning paths. These are available free of charge and can be accessed by the candidates on the exam webpage at the time of their convenience. Eight learning paths contain from 2 to 9 modules with knowledge checks at the end of each module.

The candidates can enhance their chances of passing the Microsoft MB-310 certification exam at the first attempt by incorporation the additional resources in their preparation. In particular, practice tests are considered one of the most effective preparation tools for self-evaluation and improving time management skills.

Career Opportunities

The Microsoft MB-310 exam is one step towards obtaining an expert-level Microsoft certification. Being certified as a Dynamics 365 Finance Functional Consultant gives the individuals the opportunity to be employed in the following roles: a Dynamics 365 Functional Consultant, a Dynamics 365 Project Manager, a Finance Application Developer, a Supply Chain Consultant, a Business Value Manager, a Solution Architect, a Finance Functional Consultant, a Dynamics Finance Consultant, a Microsoft Dynamics Financial Analyst, and a Finance Consultant, among many others. The majority of salaries associated with the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certificate range from $85,000 to $149,000 per year with the top earners making $183,500 per annum in the United States, as estimated by ZipRecruiter.com.

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