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Implementing & Managing Accounts Payables and Expenses (10-15%):

  • Configure & utilize expense management: this topic covers the skills in configuring workflow for expense management; configuring expense management, such as per diem options, personal expenses, categories, and mileage expenses; explaining the use cases for expense management policies as well as an Audit workbench; explaining and configuring credit card processing; managing expense reports.
  • Manage and implement account payables: this domain requires competence in configuring validation policies for the invoice; setting up posting profiles for vendors; processing orders, payments, and invoices; configuring Vendor Collaborations modules; configuring account payable charges; configuring vendor payments, such as payment calendars and positive pay;

Detailed Exam Overview

The Microsoft MB-310 test is 150 minutes long and has about 40-60 questions. The exam format includes multiple-choice questions and other variants available in the Microsoft certification tests. The list of the possible types is in the FAQ section on the official webpage. It is known to be available to the students in the English language. The passing score is about 700 out of 1000 points, so try to earn more than that. The test is taken at a price of $165 in the United States. The applicants in other countries might be required to pay more.

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

How to Register For Exam MB-310: Microsoft Dynamics 365 Finance?

Exam Register Link: https://examregistration.microsoft.com/?locale=en-us&examcode=MB-310&examname=Exam%20MB-310:%20Microsoft%20Dynamics%20365%20for%20Finance%20and%20Operations,%20Financials&returnToLearningUrl=https%3A%2F%2Fdocs.microsoft.com%2Flearn%2Fcertifications%2Fexams%2Fmb-310

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Microsoft MB-310 Exam Syllabus Topics:

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

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