Exam Quick Facts
| Detail | Value |
|---|---|
| Exam Code | MB-310 |
| Title | Microsoft Dynamics 365 Finance Functional Consultant |
| Level | Associate |
| Pass Score | 700 / 1000 |
| Duration | 100 minutes |
| Questions | ~40-60 |
| Cost | $165 USD (varies by region) |
| Scheduling | Pearson VUE |
| Skills Updated | July 25, 2025 |
Study Resources
| Resource | Link |
|---|---|
| Official Exam Page | Microsoft Learn — MB-310 |
| Official Study Guide | Microsoft Study Guide |
| Free Practice Assessment | Start Practice Assessment |
| Exam Sandbox | Try the exam interface |
Skills at a Glance
| Skill Area | Weight |
|---|---|
| Implement financial management | 40-45% |
| Implement accounts receivable, credit, collections, and subscription billing | 15-20% |
| Implement and manage accounts payable and expenses | 10-15% |
| Manage budgeting | 10-15% |
| Manage fixed assets | 10-15% |
Who is this exam for?
This Dynamics 365 certification covers Microsoft’s business applications platform. It tests your ability to configure, customise, and manage Dynamics 365 solutions for specific business functions. This is an associate-level exam that expects hands-on experience. You should have practical knowledge of the technologies covered.
Skills Measured
Implement financial management (40–45%)
This domain covers the skills needed to work with the topics described below. Study each objective carefully and use the linked resources to deepen your understanding.
Design and configure the chart of accounts
- Design and configure financial dimensions
- Design and configure the chart of accounts and main accounts
- Configure main accounts categories, ledger account aliases, and balance control accounts
- Configure legal entity overrides for financial dimensions and main accounts
- Configure and manage account structures and advanced rules
- Design and configure financial tags
Configure ledgers and currencies
- Configure currency exchange types and rates
- Configure a currency revaluation posting profile
- Configure accounting and reporting currencies
Implement and manage journals
- Configure journal names and vouchers
- Configure journal controls and posting restriction rules
- Implement journal approvals, including workflows
- Configure and use periodic journals
- Configure intercompany accounting
- Create templates to edit journals in Microsoft Excel
- Reverse financial transaction entries
- Configure default descriptions
- Create and use journal entries, including validation and posting manually and by using Microsoft Excel
- Configure batch processing of journals
Implement and manage cash and bank
- Create and manage bank groups and bank accounts
- Configure payment formats
- Configure bank reconciliations, including advanced bank reconciliations
- Configure the cash flow forecast setup, including automation setup
- Perform bank foreign currency revaluation
- Process manual and advanced bank reconciliations
- Configure shared payment setup for customers and vendors
- Configure and process customer and vendor netting
Perform periodic processes
- Design and configure periodic closing processes and end-of-year processes, including main accounts, reports, and templates
- Perform financial consolidation and elimination processes by using Consolidation online
- Create and manage financial reports, including modifying row, column, and report definitions, and reporting trees
- Design and configure financial period workspaces and closing schedules
- Design and configure legal entity for consolidation and elimination by using Consolidation online
- Design consolidation and elimination by using financial reports
- Configure and process ledger settlements
- Perform general ledger foreign currency revaluation
- Manage the ledger calendar
Configure, collect, and report taxes
- Configure tax groups, tax codes, settlement periods, and authorities
- Configure tax ledger posting groups
- Settle and post sales tax
- Configure withholding tax groups, tax codes, and authorities
- Calculate and adjust sales tax
Implement cost management
- Configure cost groups
- Configure inventory costing versions
- Differentiate between inventory costing methodologies
- Configure item model groups
- Configure item groups and inventory posting profiles
- Perform inventory recalculation, closing, and adjustment processes
Implement accounts receivable, credit, collections, and subscription billing (15–20%)
This domain covers the skills needed to work with the topics described below. Study each objective carefully and use the linked resources to deepen your understanding.
Implement and manage accounts receivable
- Configure customers and customer groups, including configuring shared customers
- Configure and process free text invoices, including recurring free text invoices
- Process sales order invoices and credit memos
- Configure customer payment methods
- Configure accounts receivable charges and apply changes to an invoice
- Manage customer holds
- Configure customer posting profiles
- Process customer payments
- Configure customer change approvals
- Perform accounts receivable foreign currency revaluation
- Configure and use billing classification
- Configure batch processing of free text and sales order invoicing
- Configure bank accounts for customers
Manage credit and collections
- Configure credit management processes
- Configure collections management processes, including collection activities
- Manage delinquent customers
- Prepare and send customer account statements
- Configure and process collection letters
- Configure aging definitions and process aged balances
- Process and manage credit holds
- Configure and use customer write-offs
- Configure and process interest notes
Configure and manage subscription billing
- Generate sales documents by using billing schedules
- Manage billing schedules, including price update and hold termination
- Configure contract billing, including billing schedule group, item group, and milestone setup
- Configure and use revenue deferrals and recognition, including for charges, deferral defaults, and items deferred by default
- Configure and use expense deferrals and recognition
- Process and manage revenue and expense recognition schedules
Implement and manage accounts payable and expenses (10–15%)
This domain covers the skills needed to work with the topics described below. Study each objective carefully and use the linked resources to deepen your understanding.
Implement and manage accounts payable
- Configure invoice validation policies and invoice matching setup
- Configure vendor groups, vendors, and vendor posting profiles, including configuring shared vendors
- Process purchase order invoices and credit memos, including prepayments
- Configure vendor payment methods
- Configure accounts payable charges, and apply changes to an invoice
- Configure bank accounts and bank account approvals for vendors
- Configure vendor change approvals
- Perform accounts payable foreign currency revaluation
- Configure vendor invoice automation
- Process the vendor invoice journal including voyage cost
- Configure and use recurring vendor invoices
- Process and generate vendor payments, centralized payments, and prepayments
Configure and use expense management
- Configure expense management including categories, per diem options, mileage expenses, intercompany expenses, and personal expenses
- Create and manage expense reports
Manage budgeting (10–15%)
This domain covers the skills needed to work with the topics described below. Study each objective carefully and use the linked resources to deepen your understanding.
Implement basic budgeting
- Configure budgeting components, including budget models, codes, allocation terms, and transfer rules
- Create and manage budget register entries
- Compare budgeted values with actual values
Configure and manage budget controls
- Configure budget controls including budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions
- Activate or deactivate budget control configurations
Manage fixed assets (10–15%)
This domain covers the skills needed to work with the topics described below. Study each objective carefully and use the linked resources to deepen your understanding.
Implement and manage fixed assets
- Create and manage fixed asset groups and other fixed asset attributes
- Configure fixed asset posting profiles
- Configure fixed asset parameters
- Configure fixed asset books
- Configure depreciation profiles
- Create and manage fixed assets
- Configure mapping for fixed asset groups and books
Process fixed asset transactions
- Process fixed asset disposal (sales) by using free text invoices
- Process fixed asset acquisitions by using purchase orders, journals, inventory journals, and projects
- Create fixed asset budgets and transfer the budgets to the budgeting module
- Process fixed asset depreciation
- Process fixed asset disposals and other transactions by using the fixed asset journal
- Process fixed asset split, reclassification, and transfer
- Process acquisition and depreciation for derived books
What to Study Next
Based on this exam, here are related certifications to consider:
- MB-330: Microsoft Dynamics 365 Supply Chain Management Functional Consultant — Associate
- PL-200: Microsoft Power Platform Functional Consultant — Associate
- MB-500: Microsoft Dynamics 365 Finance and Operations Apps Developer — Associate