MB-310 : Microsoft Dynamics 365 Finance and Operations Apps Developer Associate Voucher

Exam MB-310: Microsoft Dynamics 365 Finance Functional Consultant

Overview

The Microsoft Dynamics 365 Finance Functional Consultant (MB-310) certification validates your expertise in implementing, configuring, and optimizing financial management solutions using Microsoft Dynamics 365 Finance. As global enterprises modernize their Enterprise Resource Planning (ERP) landscapes, functional consultants bridge business operations and technological execution. This exam evaluates your ability to automate financial business processes, enforce fiscal controls, manage complex general ledgers, oversee accounts payable and receivable, and implement global financial regulatory standards. Earning this credential establishes your proficiency in driving digital transformation across enterprise finance ecosystems.

Benefits

• Industry Validation: Demonstrates proven competence in modern enterprise ERP and cloud financial management.
• Career Advancement: Unlocks senior functional consulting, ERP architecture, and business analyst roles.
• Enhanced Credibility: Proves your ability to translate enterprise financial policies into scalable Dynamics 365 software configurations.
• Competitive Edge: Elevates your profile for Microsoft Partner organizations, enterprise systems integrators, and Fortune 500 corporations.
• Continuous Value: Equips you with standardized methodologies to reduce ERP deployment timelines and prevent costly configuration errors.

Who should take this exam

• ERP Functional Consultants specializing in finance and accounting workflows.
• Financial Analysts and Business Systems Analysts transitioning to enterprise Dynamics 365 environments.
• System Implementers and Solution Architects responsible for business applications and cloud ERP deployments.
• IT Professionals seeking specialized certification within the Microsoft Business Applications ecosystem.

Prerequisites

• Strong foundational understanding of financial accounting concepts, general ledger workflows, and tax compliance.
• Practical experience configuring and navigating the Microsoft Dynamics 365 Finance environment.
• Familiarity with core components of Dynamics 365 Finance and Operations apps, including Lifecycle Services (LCS), security roles, and shared data entities.

Learning outcomes

• Configure core financial management modules including General Ledger, Accounts Payable, Accounts Receivable, and Bank Management.
• Establish and maintain chart of accounts, main accounts, financial dimensions, and account structures.
• Implement end-to-end fixed asset management and complex depreciation schedules.
• Manage multicurrency valuations, currency revaluations, and global financial consolidations.
• Configure advanced tax engines, sales tax codes, settlement periods, and jurisdictional tax reporting.
• Implement financial reporting, periodic closing processes, allocations, and year-end closing procedures.

Career opportunities

• Dynamics 365 Finance Functional Consultant
• ERP Implementation Specialist
• Financial Systems Analyst
• Senior ERP Solutions Consultant
• Enterprise Financial Systems Architect

Exam syllabus

Set up and configure financial management (40–45%)

• Define and configure general ledger components: Configure chart of accounts, main accounts, account categories, and derived dimensions. Create and manage financial dimension sets and balance controls.
• Manage currencies and exchange rates: Set up exchange rate types, currency exchange rates, fiscal calendars, and period intervals. Configure realized and unrealized exchange gain and loss accounts.
• Configure ledger and financial closing: Create and manage journal names, posting layers, and allocations. Set up ledger posting definitions and financial period close workspaces.
• Configure sales tax and withholding tax: Set up sales tax authorities, sales tax settlement periods, sales tax codes, and sales tax groups. Manage reverse charge taxes and cross-border tax compliance.

Manage accounts payable and expenses (10–15%)

• Configure vendor setups and profiles: Define vendor posting profiles, payment methods, terms of payment, and cash discounts. Configure vendor hold policies and invoice matching policies.
• Process accounts payable transactions: Create and post vendor invoices, credit notes, prepayment invoices, and payment journals. Manage positive pay configurations and invoice approval workflows.

Manage accounts receivable and credit and collections (10–15%)

• Configure customer profiles and parameters: Define customer posting profiles, payment terms, delivery terms, and customer charge groups. Configure customer credit limits, aging snapshots, and collection letters.
• Process accounts receivable transactions: Create and process free text invoices, customer payment journals, settlement processes, and write-off transactions.

Manage budgeting (10–15%)

• Configure basic and control budgeting: Define budget dimensions, budget models, budget codes, and allocation terms. Configure budget register entries and budget transfer rules.
• Implement budget control: Set up budget control configuration, budget cycle time spans, budget control rules, and budget group thresholds.

Manage fixed assets (10–15%)

• Configure fixed assets parameters: Set up fixed asset groups, value models, depreciation books, and depreciation conventions.
• Execute fixed asset operations: Process asset acquisitions, depreciation calculations, revaluations, transfers, and asset disposals.