Microsoft Dynamics 365 Finance Functional Consultant : MB-310

  • Exam Code: MB-310
  • Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
  • Updated: Aug 19, 2026
  • Q & A: 349 Questions and Answers

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About Microsoft Dynamics 365 Finance Functional Consultant : MB-310 Exam

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Managing Fixed Assets & Budgeting (10-15%):

  • Manage and configure budgeting processes: this topic covers one’s skills in configuring the budgeting components; creating the budget plan; defining the budget planning process and planning a budget; configuring budget controls; creating and configuring registry entries; implementing budget workflows; performing budget checks on journals and documents;
  • Manage and implement fixed assets: the individuals should have the skills in creating fixed assets groups and fixed assets; configuring fixed asset parameters; explaining and configuring fixed asset depreciation and books; enabling integration with purchasing and projects; acquiring, depreciating, and disposing of fixed assets; estimating and performing eliminations of projects to fixed assets; creating fixed asset budgets and transferring budgets to budgeting modules.

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

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Certification Path and Related Exams

Succeeding in MB-310 will make you attain the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification, which focuses more on global financial operations and automates tasks along with workflows. As a result, this will lead you to many job opportunities in the field of finance. It's to be mentioned that MB-300 is one of the related exams to earn the aforementioned certificate. Such a test gauges your ability to complete technical tasks like using common functionality & implementation tools and configuring security processes. This MB-300 validation acts as a prerequisite for the Microsoft Certified: Dynamics 365 Supply Chain Management, Manufacturing Functional Consultant Associate certification. Following this path can also help you gratify your goals professionally.

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Microsoft MB-310 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Implement and manage accounts payable and expenses10–15%- Configure expense management and travel workflows
- Process invoices, payments, and prepayments
- Configure accounts payable parameters and profiles
  • 1. Define invoice matching and validation policies
  • 2. Set up vendor groups and posting profiles
- Manage vendors and vendor transactions
Topic 2: Implement financial management40–45%- Configure fiscal calendars and periods
- Design and configure chart of accounts
  • 1. Set up ledger account aliases and control accounts
  • 2. Configure main accounts and categories
- Manage general ledger journals and transactions
- Implement financial closing processes
- Manage currencies and exchange rates
  • 1. Configure currency types and exchange rate providers
  • 2. Process foreign currency revaluation
- Configure financial reporting and inquiries
- Configure financial dimensions
  • 1. Define dimension structures and rules
  • 2. Set up dimension security and default values
Topic 3: Manage fixed assets10–15%- Manage asset leasing and valuation
- Configure fixed assets parameters and groups
- Perform fixed asset reporting and inquiries
- Acquire, depreciate, and dispose of fixed assets
Topic 4: Manage budgeting10–15%- Create and revise budget plans
- Perform budget forecasting and analysis
- Allocate and control budgets
- Configure budgeting parameters and dimensions
Topic 5: Manage cash, bank, tax, and cost accounting- Configure bank management and reconciliation
- Implement cost accounting and cost management
- Set up tax calculation and reporting
- Configure consolidation and elimination processes
Topic 6: Implement accounts receivable, credit, collections, and subscription billing15–20%- Configure credit management and limits
- Configure accounts receivable parameters and profiles
  • 1. Define payment terms and methods
  • 2. Set up customer groups and posting profiles
- Set up collections processes and workflows
- Manage customers and customer transactions
- Implement subscription billing and revenue recognition

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