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Microsoft MB-310 Exam Syllabus

Microsoft MB-310 Exam

Microsoft Dynamics 365 Finance

Total Questions: 183

What is Included in the Microsoft MB-310 Exam?

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Microsoft MB-310 Exam Overview :

Exam Name Microsoft Dynamics 365 Finance
Exam Code MB-310
Official Information https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310
See Expected Questions Microsoft MB-310 Expected Questions in Actual Exam
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Microsoft MB-310 Exam Topics :

Section Weight Objectives
Set up and configure financial management 50-55% Define and configure the chart of accounts
  • 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
  • configure currency exchange rate providers.
Implement and manage journals
  • describe options for implementing voucher numbers in journals
  • configure journal names
  • setup journal controls and posting restriction rules
  • describe and configure journal approvals
  • create voucher templates
  • describe use cases for periodic journals
  • configure and apply accrual schemes
  • set up intercompany accounting
Implement and manage cash and bank
  • create and maintain bank groups and bank accounts
  • describe and configure 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
  • configure cost accounting processes
  • create a cost accounting report by using the Cost Accounting Report wizard
  • describe and configure the costing sheet and indirect costs
  • configure cost objects and cost groups
  • implement inventory costing versions
  • differentiate between inventory costing methodologies
  • configure item groups and posting profiles
  • perform inventory closing and adjustment processes
Perform periodic processes
  • configure a financial period workspace and closing schedule
  • define and demonstrate periodic closing processes and end-of-year processes
  • perform financial consolidation and elimination processes
  • configure allocation terms for a main account
  • create and process ledger allocation rules
  • implement foreign currency revaluation processes
  • create and management financial reports including 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 filings including end-of-year tax reporting
Implement and manage accounts payable and expenses 10-15% Implement and manage Accounts payable
  • configure invoice validation policies
  • set up vendor posting profiles
  • process orders, invoices, and payments
  • configure the Vendor Collaboration module
  • configure vendor payments including positive pay and payment calendars
  • configure accounts payable charges
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
  • manage expense reports
Implement accounts receivable, credit, collections, and revenue recognition 20-25% Implement and manage accounts receivable
  • set up customer posting profiles
  • configure and process free text invoices
  • process orders, invoices, and payments
  • configure customer payment setup
  • configure accounts receivable charges
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
Manage budgeting and fixed assets 10-15% Configure and manage budgeting processes
  • configure budgeting components including budget models, codes, allocation terms, cycles, and transfer rules
  • create a budget plan including scenarios, stages, allocation stages, stage allocations, and templates
  • define a budget planning process and plan a budget
  • 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
Implement and manage fixed assets
  • create fixed assets and fixed assets groups
  • configure fixed asset parameters
  • describe and configure fixed asset books and depreciation
  • enable integration with purchasing, projects, and free text invoices
  • acquire, depreciate, and dispose of fixed assets
  • create fixed asset budgets and transfer the budgets to the budgeting module
  • estimate and perform an elimination of a project to a fixed asset

Updates in the Microsoft MB-310 Exam Syllabus:

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