MB-310 : Microsoft Dynamics 365 Finance Functional Consultant Associate Voucher

MB-310: Microsoft Dynamics 365 Finance Functional Consultant Associate

Overview

The MB-310: Microsoft Dynamics 365 Finance Functional Consultant certification validates your core functional capabilities in configuring, implementing, and optimizing financial management solutions using Microsoft Dynamics 365 Finance. As enterprise organizations transition their enterprise resource planning (ERP) systems to the cloud, certified professionals bridge the gap between business financial workflows and enterprise technology.

Earning this certification proves that you understand how to implement standard financial management processes including general ledger, accounts payable, accounts receivable, budgeting, fixed assets, and cost accounting. It serves as a benchmark for consultants, analysts, and solution architects responsible for modernizing enterprise finance infrastructure with Microsoft business applications.

Benefits

• Industry Recognition: Earn an official Microsoft credential that demonstrates your specialized mastery of Dynamics 365 enterprise ERP systems.
• Competitive Advantage: Stand out to Microsoft Partners, system integrators, and global enterprises seeking skilled ERP implementation consultants.
• Business Value Delivery: Master configuration practices that automate complex financial processes, enhance internal controls, and streamline accounting operations.
• Career Advancement: Position yourself for senior functional consulting roles and higher earning potential across global consulting ecosystems.
• Ecosystem Foundation: Establish a key building block toward advanced solution architect roles within the Microsoft Business Applications ecosystem.

Who should take this exam

• Functional Consultants: Professionals configuring Dynamics 365 Finance modules to align with customer business and compliance requirements.
• Financial Systems Analysts: IT and accounting specialists managing ERP deployments, fiscal reporting, and financial business process automation.
• ERP Implementation Specialists: Consultants deploying enterprise financial software for medium-to-large business environments.
• Accounting and Finance Professionals: Technical accountants seeking to validate their functional expertise in configuring automated financial workflows.

Prerequisites

While there are no mandatory technical certifications required before taking the MB-310 exam, candidates should possess:

• Fundamental understanding of basic accounting principles and financial management processes.
• Hands-on experience configuring and administering Dynamics 365 Finance and related Finance and Operations apps.
• Familiarity with the Microsoft Power Platform and common integration points.
• Prior completion of the MB-300: Microsoft Dynamics 365: Core Finance and Operations exam concepts (or equivalent hands-on experience in shared core platform components).

Learning outcomes

• Set Up and Configure Financial Management: Master legal entity creation, fiscal calendars, currency exchange, chart of accounts, and financial dimensions.
• Manage General Ledger and Tax: Configure journal processing, sales tax authorities, ledger settlement rules, period-end closing, and financial reporting.
• Implement Accounts Payable and Receivable: Configure vendor and customer posting profiles, invoice matching, payment schedules, credit management, and collections processing.
• Administer Asset Management and Budgeting: Manage the complete fixed asset lifecycle, depreciation profiles, basic budgeting, and budget control policies.
• Optimize Cash and Bank Operations: Implement bank account profiles, automated bank reconciliations, cash flow forecasting, and payment formats.

Career opportunities

• Dynamics 365 Finance Functional Consultant: Lead business requirement discovery and configure tailored ERP finance modules for enterprise clients.
• ERP Financial Systems Manager: Oversee internal finance application support, continuous feature rollouts, and regulatory compliance.
• Business Applications Consultant: Deliver end-to-end ERP implementation consulting across finance, procurement, and accounting departments.
• Microsoft Solutions Specialist: Guide enterprise digital transformation strategies and cloud ERP modernization projects.

Exam syllabus

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

• Define and manage legal entities: Configure legal entity parameters, number sequences, fiscal calendars, and organizational hierarchies.
• Configure chart of accounts: Create main accounts, account categories, financial dimensions, and dimension sets.
• Set up ledgers and currencies: Configure ledger parameters, exchange rate types, currency conversion rules, and revaluation processes.
• Implement periodic and year-end closing: Configure financial period close workspaces, closing schedules, ledger settlements, and year-end close routines.
• Manage intercompany accounting: Establish intercompany journal setups, posting accounts, and consolidation groups.

Implement accounts payable and accounts receivable (20–25%)

• Configure Accounts Payable: Set up vendor groups, posting profiles, payment terms, vendor bank accounts, and invoice approval workflows.
• Manage vendor invoices and payments: Process purchase order matching, three-way matching policies, prepayments, and payment proposals.
• Configure Accounts Receivable: Create customer groups, posting profiles, payment methods, and credit limits.
• Process customer transactions: Manage free text invoices, payment journals, customer aging snapshots, collections cases, and interest notes.

Manage budgeting (10–15%)

• Configure basic budgeting: Define budget dimensions, budget models, budget codes, and allocation rules.
• Implement budget control: Configure budget control parameters, budget groups, calculation formulas, and threshold warnings.
• Create and manage budget plans: Define budget planning processes, stages, workflows, and plan templates.

Manage fixed assets (10–15%)

• Configure fixed assets components: Set up fixed asset groups, value models, depreciation books, and depreciation conventions.
• Process fixed asset transactions: Execute acquisitions, depreciation runs, disposals, revaluations, and write-downs.
• Manage fixed asset parameters and maintenance: Implement asset leasing, asset transfers, split assets, and replacement workflows.

Manage cash and bank management and taxes (10–15%)

• Configure cash and bank parameters: Set up bank accounts, payment formats, bank transaction types, and check layout specifications.
• Perform bank reconciliations: Implement manual and advanced electronic bank reconciliations.
• Configure tax engines: Set up sales tax authorities, settlement periods, sales tax jurisdictions, tax codes, and withholding taxes.