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Microsoft MB-310 certification exam is an essential certification for professionals who want to validate their skills and knowledge in Microsoft Dynamics 365 Finance Functional Consultancy. Passing the exam requires in-depth knowledge and practical experience in financial management processes, accounting, and information technology. Microsoft Dynamics 365 Finance Functional Consultant certification is highly regarded in the industry and can lead to better job opportunities and career growth.

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

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Microsoft MB-310 certification exam covers a wide range of topics, including financial management, accounts payable and receivable, budgeting, and cost accounting. MB-310 exam consists of multiple-choice questions, and candidates have three hours to complete it. To pass the exam, candidates need to score at least 700 out of 1000 points. Microsoft recommends that candidates have hands-on experience with Dynamics 365 Finance before taking the exam.

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The MB-310 certification exam covers a wide range of topics, including financial management, financial reporting, budgeting, accounts payable and receivable, fixed assets, and cost accounting. MB-310 exam also assesses candidates' ability to configure and use financial management functionalities in Dynamics 365 Finance. MB-310 exam is designed to test the candidate's ability to work with Dynamics 365 Finance in the real-world scenarios.

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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%):

  • 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;
  • 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;
  • 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.
  • 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;
  • 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;
  • 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.

Microsoft MB-310 Exam Syllabus Topics:

SectionObjectives
Topic 1: Configure and use financial management- General ledger setup
  • 1. Financial dimensions setup
    • 2. Chart of accounts configuration
      • 3. Fiscal calendars and periods
        - Financial reporting
        • 1. Budgeting and control
          • 2. Financial statements configuration
            Topic 2: Manage fixed assets- Fixed asset lifecycle
            • 1. Disposal and revaluation
              • 2. Acquisition and depreciation
                Topic 3: Manage accounts payable and receivable- Accounts receivable processes
                • 1. Customer management
                  • 2. Invoicing and collections
                    - Accounts payable processes
                    • 1. Invoice processing and payments
                      • 2. Vendor management
                        Topic 4: Manage cash and bank- Bank account setup
                        • 1. Bank reconciliation
                          • 2. Cash flow management
                            Topic 5: Configure and manage tax- Tax setup and configuration
                            • 1. Sales tax setup
                              • 2. Tax calculation and reporting

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