Microsoft MB-310 : Microsoft Dynamics 365 Finance Functional Consultant

MB-310 real exams

Exam Code: MB-310

Exam Name: Microsoft Dynamics 365 Finance Functional Consultant

Updated: Aug 09, 2026

Q & A: 349 Questions and Answers

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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:

  • 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 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;
  • 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 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;

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The candidates for the Microsoft MB-310 exam must understand its content before attempting to pass it. It is recommended that they go through the official website for the updated details at the point of preparing for the test. The topics covered within the domain of the certification exam are highlighted below:

Defining and Configuring Financial Management (50-55%):

  • Manage & implement bank and cash: this topic covers competence in creating and maintaining bank accounts and bank groups; explaining and configuring electronic payment options; configuring and processing bank reconciliations such as advanced bank reconciliations; configuring cash flow reports;
  • Configure currencies & ledgers: the candidates should be able to construct fiscal years, periods, and calendars; configure ledgers; explain and configure the batch transfer rules; configure conversions and currencies for legal entities; configure the currency exchange rate providers; enter the currency exchange rates manually;
  • Manage & implement journals: this subtopic covers the skills in explaining options for the implementation of the voucher numbers within journals; configuring journal names; setting up journal controls & posting limitation rules; explaining and configuring journal approvals; creating voucher templates; explaining use cases for periodic journals; setting up inter-company accounting; configuring and applying accrual schemes;
  • Configure, collect, and report taxes: the learners need to show competence in configuring tax groups, settlement periods, jurisdiction, and tax codes; configuring tax ledger posting groups; preparing the periodic filings, such as year-end tax reporting.
  • Define & configure charts of accounts: this objective requires that the applicants demonstrate competence in defining and configuring charts of accounts & main accounts; explain the use cases for main accounts categories, balance control accounts, and ledger account aliases; configuring financial dimension & dimension sets; configuring legal entity overrides for main accounts and financial dimensions; creating and configuring account structures & advanced rules;
  • Perform periodic processes: this section requires competence in configuring closing schedule and financial period workspace; defining and demonstrating year-end processes and periodic closing processes; performing elimination processes and financial consolidation; configuring the allocation terms for main accounts; creating and processing ledge allocation policies; implementing the revaluation processes for foreign currency; creating and managing financial reports, including report definitions, row, and column;
  • Implement cost management & cost accounting: the potential candidates should have the skills in explaining cost accounting terms and processes; configuring cost accounting procedures; creating cost accounting reports with the use of the Cost Accounting Report wizard; explaining and configuring indirect costs and costing sheet.

The area will also measure one’s skills in configuring cost groups and cost objects, implementing inventory costing versions, differentiating between the inventory costing methodologies, configuring posting profiles and item groups, as well as performing adjustment processes and inventory closing.

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

Official Text Books

Like most of the other Microsoft evaluations, revision guides are important in the preparatory phase. While Microsoft does not have a list of required books for you when it comes to MB-310 prep, a ton of these has been designed to help you better understand the tested concepts. Some of these guides are found on Amazon:

  • Implementing Microsoft Dynamics 365 for Finance and Operations App by Sandeep Shukla, JJ Yadav, and other

    Well, such a comprehensive book from renowned IT authors takes a deeper look into finance and operations. Lifecycle Services (LCS) have been identified as one of the key topics in the course outline. Thus, the material discusses what LCS entails as well as highlights the necessary tools for managing projects. Besides that, data management, Power BI, the integration of technology, and managing go-live are a few of the other key areas this revision resource covers. So, if you’re intended to tackle all the intricacies of Dynamics 365 for Finance, this material is a way to go.

  • Using Microsoft Dynamics 365 for Finance and Operations: Learn and Understand Functionality of Microsoft’s Enterprise Solution by Andreas Luszczak

    This material has been designed to offer candidates first-hand knowledge of the concepts and topics needed to pass the official exam. Particularly, it will help you prepare for supply chain, manufacturing as well as financial types of management, which are fundamental topics you'd need to familiarize yourself with if you're to earn this designation. Plus, the concepts are designed in an easy-to-understand, well-written, and engaging format that anyone interested in the finance and supply chain industry would like to know. In addition to covering all of the exam objectives, this book comes with detailed case studies that will help you retain information and facilitate the learning process as a whole.

  • Beginners Guide to Dynamics 365 for Finance and Operations, Enterprise Edition by Murray Fife

    Albeit introductory, such a manual welcomes you to the concept of fact boxes, filter lists, navigating with Dynamics 365, etc. Also, it gives you an insight into each of the topics of MB-310 in an easy and well-written manner. More so, here, you’ll get to know what the user interface is including its nuisances, and how to deal with varied Dynamics 365 environments. In case you go so far as to get the material from Amazon, it’s available for roughly $50 as a paperback edition.

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Microsoft MB-310 Exam Syllabus Topics:

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

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