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Last Updated: Sep 13, 2026

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Microsoft MB-310 Practice Q&A's

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Skills measured

  • Implement and manage accounts payable and expenses (10-15%)
  • Implement accounts receivable, credit, collections, and revenue recognition (20-25%)
  • The content of this exam will be updated on August 27, 2021. Please download the exam skills outline below to see what will be changing.
  • Set up and configure financial management (50-55%)
  • Manage budgeting and fixed assets (10-15%)

Microsoft MB-310 Practice Test Questions, Microsoft MB-310 Exam Practice Test Questions

The Microsoft MB-310 exam is one of the requirements for earning the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification. It is designed to validate the skills and competence of the candidates in analyzing the business requirements and translating the same into accomplished business solutions and processes that use the industry best practices. The individuals who pass this test and the related one will be awarded the associate-level certificate.

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

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The Microsoft MB-310: Microsoft Dynamics 365 Finance exam is one of the major requirements for earning the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification. It is developed for the functional consultants who are involved in examining the business requirements and interpreting those elements into the business processes that can be fully realized.

The target audience for this test is those individuals who have the fundamental knowledge of financial operations and accounting principles of business, field service, and customer service, and who are able to apply the chain management and retail concepts. The candidates need to have a thorough understanding of the basic accounting practices.

Microsoft MB-310 Exam Syllabus Topics:

SectionWeightObjectives
Implement accounts receivable, credit, collections, and subscription billing15–20%- Set up collections processes and workflows
- Configure accounts receivable parameters and profiles
  • 1. Set up customer groups and posting profiles
  • 2. Define payment terms and methods
- Implement subscription billing and revenue recognition
- Configure credit management and limits
- Manage customers and customer transactions
Manage budgeting10–15%- Configure budgeting parameters and dimensions
- Create and revise budget plans
- Allocate and control budgets
- Perform budget forecasting and analysis
Implement and manage accounts payable and expenses10–15%- Manage vendors and vendor transactions
- Process invoices, payments, and prepayments
- Configure expense management and travel workflows
- Configure accounts payable parameters and profiles
  • 1. Define invoice matching and validation policies
  • 2. Set up vendor groups and posting profiles
Manage fixed assets10–15%- Configure fixed assets parameters and groups
- Perform fixed asset reporting and inquiries
- Manage asset leasing and valuation
- Acquire, depreciate, and dispose of fixed assets
Implement financial management40–45%- Manage general ledger journals and transactions
- Configure financial dimensions
  • 1. Set up dimension security and default values
  • 2. Define dimension structures and rules
- Design and configure chart of accounts
  • 1. Configure main accounts and categories
  • 2. Set up ledger account aliases and control accounts
- Manage currencies and exchange rates
  • 1. Configure currency types and exchange rate providers
  • 2. Process foreign currency revaluation
- Configure fiscal calendars and periods
- Implement financial closing processes
- Configure financial reporting and inquiries
Manage cash, bank, tax, and cost accounting- Set up tax calculation and reporting
- Configure bank management and reconciliation
- Implement cost accounting and cost management
- Configure consolidation and elimination processes
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