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You can read the Microsoft MB-310 Certification Exam Requirements
Candidates for this exam have a basic understanding of the concepts of corporate accounting and finance, customer service, field service, manufacturing, retail, and supply chain management.
Applicants for this exam usually train in one or more sets of Microsoft Dynamics 365 Finance functions, including finance, manufacturing, and supply chain management. Applicants must have knowledge of basic accounting principles and practices.
- Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate
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The last step of any successful preparation process involves self-evaluation. Take several practice tests so that you can diversify your study strategy in order to ensure the best results. When you analyze your answers, you will be able to find out what areas you should still give special attention to. Taking practice tests will also help you become aware of your alignment with the objectives of the actual exam.
Topics Covered in Official Text
Designed to test the candidateβs first-hand knowledge of cloud basics as well as make you better functional analysts, this test has been created to demonstrate that you are an expert analyst who's capable of setting up and configuring financial management and relative tools for the improvement of efficiency in various industries. In particular, the topics to be covered in this test are:
- The configuration & setup of finance management;
- Monitoring fixed assets & budgeting.
- How to manage and execute accounts that are payable in addition to expenses;
- Putting into operation credit, varied accounts receivable, collections, and recognition for the revenue;
Reference: https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310
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Microsoft MB-310 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Configure and manage tax | - Tax setup and configuration
|
| Configure and use financial management | - Financial reporting
|
| Manage cash and bank | - Bank account setup
|
| Manage accounts payable and receivable | - Accounts payable processes
|
| Manage fixed assets | - Fixed asset lifecycle
|
Microsoft Dynamics 365 Finance Functional Consultant Sample Questions:
A cable and interne t company implements Dynamics 365 Finance
The primary line of business for the company is internet services. The company also sells routers and modems to customers for an additional one-time cost.
You need to configure revenue recognition.
What should you configure?
- A. Create a revenue schedule for the internet service, router, and modem
- B. Configure the internet service router, and modem as essential.
- C. Configure the internet service as essential
- D. Create the router and modem sates to post to deferred revenue.
Correct Answer: C π³οΈ
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture.
You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.
Solution: Set up posting definitions for purchase requisitions.
Does the solution meet the goal?
- A. Yes
- B. No
Correct Answer: B π³οΈ
A client uses Dynamics 365 for Finance and Operations for accounts receivable.
You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the received electronic payment.
Which item should you set up as mandatory?
- A. Select Payment ID
- B. Select Deposit slip
- C. Select payment reference
- D. Select bank transaction type
Correct Answer: D π³οΈ
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture.
You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.
Solution: Configure item posting groups for purchase requisitions.
Does the solution meet the goal?
- A. Yes
- B. No
Correct Answer: B π³οΈ
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A customer uses Dynamics 365 Finance.
The controller notices incorrect postings to the ledger entered via journal.
The system must enforce the following:
* Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.
* Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.
* Liability accounts (2000-2999) should not have any dimensions posted.
* Expense account (6999) requires department, division, project and customer dimensions with all transactions.
You need to configure the account structure to meet the requirements.
Solution:
* Configure one account structure.
* Configure an advanced rule for Liability accounts (2000-2999) not to display any dimensions when selected.
* Configure an advanced rule for Expense account (6999) to require customer.
* Configure the structure with all dimension fields containing quotations.
Does the solution meet the goal?
- A. Yes
- B. No
Correct Answer: B π³οΈ
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