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Exam Code: MB-310
Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
Exam Q&As: 282 Q&As
Last update: May 27, 2024

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Product Description

The Microsoft Dynamics 365 Finance Functional Consultant certification is highly valued in the IT industry and obtaining it can open a variety of career opportunities. One of the best ways to prepare for the Microsoft MB-310 exam is by practicing with high-quality practice questions and understand the answers. QuestionsTube offers MB-310 exam questions with precise answers online for helping you make preparation for MB-310 exam.

Microsoft Certification MB-310 Exam Information

The Microsoft Dynamics 365 Finance Functional Consultant MB-310 exam is the part of the requirements for Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification. Candidates for MB-310 exam typically specialize in one or more feature sets of Dynamics 365 Finance, including core finance, general ledger, tax, cost accounting, cost management, fixed assets, asset leasing, budgeting, revenue recognition, consolidation and elimination, credit and collections, cash and bank management, and expense management. They understand the relationships between finance and manufacturing, retail, and supply chain management. The Microsoft MB-310 exam is available in multiple languages, including English, Japanese. Make sure that you can pass the MB-310 exam and earn the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification to promote your positions.

To make sure that you can prepare for the MB-310 exam well, you need to read all exam objectives first:

  • Describe use cases for financial dimensions
  • 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
  • Describe options for implementing voucher numbers in journals
  • Configure journal names
  • Set up journal controls and posting restriction rules
  • Describe and configure journal approvals
  • Create voucher templates
  • Describe use cases for periodic journals and deferrals
  • Configure and apply accrual schemes
  • Set up intercompany accounting
  • Create templates to edit journals in Microsoft Excel
  • Perform reverse entries
  • Create and maintain bank groups and bank accounts
  • Describe electronic payment formats
  • Configure and process bank reconciliations including advanced bank reconciliations
  • Configure cash flow reports
  • Describe cost accounting processes and terms
  • Describe and configure the costing sheet and indirect costs
  • Configure cost groups and cost categories
  • Implement inventory costing versions
  • Differentiate between inventory costing methodologies
  • Configure item model groups
  • Configure item groups and posting profiles
  • Perform inventory closing and adjustment processes
  • Describe financial period workspaces and closing schedules
  • Define and demonstrate periodic closing processes and end-of-year processes
  • Perform financial consolidation and elimination processes
  • Describe use cases and options for performing allocations
  • Implement foreign currency revaluation processes
  • Create and manage financial reports including modifying row, column, and report definitions
  • Configure tax groups, tax codes, settlement periods, and jurisdiction
  • Configure tax ledger posting groups
  • Prepare periodic tax filings
  • Set up customers and customer posting profiles
  • Configure and process free text invoices
  • Process orders, invoices, payments, and credit memos
  • Configure customer payment setup
  • Configure accounts receivable charges
  • Configure bank accounts for customers
  • Manage customer holds
  • 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 journals and parameters for revenue recognition
  • Implement revenue schedules
  • Enter and process revenue recognition transactions
  • Configure invoice validation policies
  • Set up vendors and vendor posting profiles
  • Process orders, invoices, and payments
  • Configure vendor payments including payment terms, method of payments, and payment calendars
  • Configure accounts payable charges and apply changes to an invoice
  • Configure bank accounts for vendors
  • Configure accounts payable journal approval settings
  • Map expense categories to main accounts
  • 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
  • Create and manage expense reports
  • Configure and manage cash advance settings
  • Create and manage travel requisitions
  • Configure budgeting components including budget models, codes, allocation terms, and transfer rules
  • Create and configure registry entries
  • Compare budgeted values with actual values
  • Implement budget register workflows
  • 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
  • Define a budget planning process
  • Create or generate a budget plan
  • Create a budget plan by using scenarios, stages, allocation stages, stage allocations, and templates
  • Create a budget plan template
  • Create fixed assets groups and other fixes asset attributes
  • Configure fixed asset posting profiles
  • Configure fixed asset parameters
  • Describe the fixed assets lifecycle
  • Configure fixed asset books
  • Select depreciation methods and configure depreciation
  • Create and manage fixed assets
  • Enable integration with purchasing and free text invoices
  • Acquire, depreciate, and dispose of fixed assets
  • Create fixed asset budgets and transfer the budgets to the budgeting module

MB-310 Practice Questions with Precise Answers

MB-310 practice questions of QuestionsTube are designed to help you prepare for the Microsoft Dynamics 365 Finance Functional Consultant exam by providing a thorough understanding of the exam topics. Each question is accompanied by a precise answer and a detailed explanation that help you understand the concept behind the question. This ensures that you not only memorize the correct answer but also understand the reasoning behind it.

Multiple Formats and Free Updates

QuestionsTube offers Microsoft MB-310 practice questions in two formats: PDF and Exam Engine. The PDF format allows you to study the questions on any device, while the Exam Engine format simulates the real exam experience. The two formats can be downloaded directly without waiting. Additionally, we offer free updates for different periods, including 3-month, 6-month, and 1-year intervals. This ensures that you have access to the most up-to-date content, and you can prepare for the MB-310 exam with confidence.

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In conclusion, the Microsoft MB-310 study materials of QuestionsTube are an excellent resource for anyone preparing for the Microsoft Dynamics 365 Finance Functional Consultant exam. By using the MB-310 exam questions, you can prepare for the exam with confidence and increase your chances of passing the MB-310 exam on the first try.

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