MB-310 Preparation Details
Preparing for the MB-310 Microsoft Dynamics 365 Finance Functional Consultant certification exam? Start here with a complete, objective-wise MB-310 study guide designed to help you pass faster.
This guide brings together official Microsoft documentation, key concepts, and curated resources for every MB-310 exam objective, making it ideal for both beginners and last-minute revision.
Looking for the best MB-310 preparation resources in one place? This page covers everything you need to get exam-ready with confidence.
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MB-310 Microsoft Dynamics Materials
Implement financial management (40–45%)
Design and configure the chart of accounts
Design and configure financial dimensions
Financial dimensions – Dynamics 365 Finance
Define financial dimensions – Dynamics 365 Finance
Design and configure the chart of accounts and main accounts
Plan your chart of accounts – Dynamics 365 Finance
Configure ledgers – Dynamics 365 Finance
Configure main accounts categories, ledger account aliases, and balance control accounts
Plan your chart of accounts – Dynamics 365 Finance
General ledger overview – Dynamics 365 Finance
Configure legal entity overrides for financial dimensions and main accounts
Financial dimensions – Dynamics 365 Finance
Default financial dimensions – Dynamics 365 Finance
Configure and manage account structures and advanced rules
Account structures overview – Dynamics 365 Finance
Financial dimensions and posting – Dynamics 365 Finance
Design and configure financial tags
Financial dimensions and tags – Dynamics 365 Finance
Financial tags – Dynamics 365 Finance
Configure ledgers and currencies
Configure currency exchange types and rates
Configure ledgers – Dynamics 365 Finance
Currency exchange rates – Dynamics 365 Finance
Configure a currency revaluation posting profile
Foreign currency revaluation for General ledger – Dynamics 365 Finance
Bank foreign currency revaluation – Dynamics 365 Finance
Configure accounting and reporting currencies
Configure ledgers – Dynamics 365 Finance
Financial consolidations and currency translation overview – Dynamics 365 Finance
Implement and manage journals
Configure journal names and vouchers
General journal processing – Dynamics 365 Finance
Configure and use journals in Dynamics 365 Finance – Training
Configure journal controls and posting restriction rules
General journal processing – Dynamics 365 Finance
Set up posting restrictions – Dynamics 365
Implement journal approvals, including workflows
Set up financial journal approvals – Dynamics 365
General journal processing – Dynamics 365 Finance
Configure and use periodic journals
Post periodic journals – Dynamics 365 Finance
Configure and use journals in Dynamics 365 Finance – Training
Configure intercompany accounting
Intercompany accounting setup – Dynamics 365 Finance
General journal processing – Dynamics 365 Finance
Create templates to edit journals in Microsoft Excel
General journal processing – Dynamics 365 Finance
Open financial data in Excel from Finance and Operations apps
Reverse financial transaction entries
Reverse journal posting – Dynamics 365 Finance
Configure and use journals in Dynamics 365 Finance – Training
Configure default descriptions
Default descriptions for automatic postings – Dynamics 365 Finance
Create and use journal entries, including validation and posting manually and by using Microsoft Excel
General journal processing – Dynamics 365 Finance
Configure and use journals in Dynamics 365 Finance – Training
Configure batch processing of journals
General journal processing – Dynamics 365 Finance
Post journals in batch – Dynamics 365 Finance
Implement and manage cash and bank
Create and manage bank groups and bank accounts
Configure cash and bank management in Dynamics 365 Finance – Training
Bank account management workspace – Dynamics 365 Finance
Configure payment formats
Electronic payment file formats – Dynamics 365 Finance
Configure cash and bank management in Dynamics 365 Finance – Training
Configure bank reconciliations, including advanced bank reconciliations
Advanced bank reconciliation overview – Dynamics 365 Finance
Advanced bank reconciliation setup process – Dynamics 365 Finance
Set up the advanced bank reconciliation import process – Dynamics 365 Finance
Configure the cash flow forecast setup, including automation setup
Enable cash flow forecasting – Dynamics 365 Finance
Configure cash and bank management in Dynamics 365 Finance – Training
Perform bank foreign currency revaluation
Bank foreign currency revaluation – Dynamics 365 Finance
Foreign currency revaluation for bank accounts – Dynamics 365 Finance
Process manual and advanced bank reconciliations
Reconcile bank statements by using advanced bank reconciliation – Dynamics 365 Finance
Reconcile a bank account – Dynamics 365 Finance
Configure shared payment setup for customers and vendors
Centralized payments for accounts payable – Dynamics 365 Finance
Centralized payments for accounts receivable – Dynamics 365 Finance
Configure and process customer and vendor netting
Net customer and vendor balances – Dynamics 365 Finance
Perform periodic processes
Design and configure periodic closing processes and end-of-year processes, including main accounts, reports, and templates
Close the general ledger at period end – Dynamics 365 Finance
Year-end close – Dynamics 365 Finance
Financial period close workspace – Dynamics 365 Finance
Perform financial consolidation and elimination processes by using Consolidation online
Financial consolidations and currency translation overview – Dynamics 365 Finance
Consolidate online – Dynamics 365 Finance
Create and manage financial reports, including modifying row, column, and report definitions, and reporting trees
Financial reporting overview – Dynamics 365 Finance
Report Designer in Financial reporting – Dynamics 365 Finance
Design and configure financial period workspaces and closing schedules
Financial period close workspace – Dynamics 365 Finance
Overview of the Close financial periods business process area – Dynamics 365
Design and configure legal entity for consolidation and elimination by using Consolidation online
Consolidate online – Dynamics 365 Finance
Financial consolidations and currency translation overview – Dynamics 365 Finance
Design consolidation and elimination by using financial reports
Financial consolidations and currency translation overview – Dynamics 365 Finance
Financial reporting overview – Dynamics 365 Finance
Configure and process ledger settlements
Ledger settlements – Dynamics 365 Finance
Awareness between ledger settlement and year-end close – Dynamics 365 Finance
Perform general ledger foreign currency revaluation
Foreign currency revaluation for General ledger – Dynamics 365 Finance
Manage the ledger calendar
Fiscal calendars, fiscal years, and periods – Dynamics 365 Finance
Close the general ledger at period end – Dynamics 365 Finance
Configure, collect, and report taxes
Configure tax groups, tax codes, settlement periods, and authorities
Sales tax overview – Dynamics 365 Finance
Set up sales tax codes – Dynamics 365 Finance
Set up sales tax settlement periods – Dynamics 365 Finance
Set up sales tax groups and item sales tax groups – Dynamics 365 Finance
Configure tax ledger posting groups
Set up Ledger posting groups for sales tax – Dynamics 365 Finance
Sales tax overview – Dynamics 365 Finance
Settle and post sales tax
Sales tax overview – Dynamics 365 Finance
Configure taxes in Dynamics 365 Finance – Training
Configure withholding tax groups, tax codes, and authorities
Set up withholding tax – Dynamics 365 Finance
Withholding tax in sales transactions – Dynamics 365 Finance
Calculate and adjust sales tax
Sales tax overview – Dynamics 365 Finance
Configure taxes in Dynamics 365 Finance – Training
Implement cost management
Configure cost groups
Cost groups – Dynamics 365 Supply Chain Management
Cost management overview – Dynamics 365 Supply Chain Management
Configure inventory costing versions
Costing versions overview – Dynamics 365 Supply Chain Management
Tasks for managing costing versions – Dynamics 365 Supply Chain Management
Differentiate between inventory costing methodologies
Inventory costing FAQ – Dynamics 365 Supply Chain Management
FIFO with physical value and marking – Dynamics 365 Supply Chain Management
Configure item model groups
Item model groups – Dynamics 365 Supply Chain Management
Options for including physical value in cost calculations – Dynamics 365 Supply Chain Management
Configure item groups and inventory posting profiles
Inventory posting profiles – Dynamics 365 Finance
Inventory posting – Dynamics 365 Finance
Perform inventory recalculation, closing, and adjustment processes
Inventory close – Dynamics 365 Supply Chain Management
Inventory recalculation and closing – Dynamics 365 Supply Chain Management
Implement accounts receivable, credit, collections, and subscription billing (15–20%)
Implement and manage accounts receivable
Configure customers and customer groups, including configuring shared customers
Configure Accounts receivable and credit and collections – Dynamics 365 Finance
Set up accounts receivable in Dynamics 365 Finance – Training
Configure and process free text invoices, including recurring free text invoices
Create a free text invoice – Dynamics 365 Finance
Assign a free text invoice template to a customer – Dynamics 365 Finance
Process sales order invoices and credit memos
Create a customer invoice – Dynamics 365 Finance
Set up accounts receivable in Dynamics 365 Finance – Training
Configure customer payment methods
Establish customer method of payment – Dynamics 365 Finance
Set up accounts receivable in Dynamics 365 Finance – Training
Configure accounts receivable charges and apply changes to an invoice
Configure Accounts receivable and credit and collections – Dynamics 365 Finance
Set up accounts receivable in Dynamics 365 Finance – Training
Manage customer holds
Configure Accounts receivable and credit and collections – Dynamics 365 Finance
Credit and collections overview – Dynamics 365 Finance
Configure customer posting profiles
Customer posting profiles – Dynamics 365 Finance
Recommended practices for posting profiles – Dynamics 365 Finance
Process customer payments
Customer prepayments – Dynamics 365 Finance
Set up accounts receivable in Dynamics 365 Finance – Training
Configure customer change approvals
Configure Accounts receivable and credit and collections – Dynamics 365 Finance
Perform accounts receivable foreign currency revaluation
Currency revaluation for Accounts payable and Accounts receivable – Dynamics 365 Finance
Configure and use billing classification
Configure Accounts receivable and credit and collections – Dynamics 365 Finance
Configure batch processing of free text and sales order invoicing
Create a free text invoice – Dynamics 365 Finance
Create a customer invoice – Dynamics 365 Finance
Configure bank accounts for customers
Set up accounts receivable in Dynamics 365 Finance – Training
Configure Accounts receivable and credit and collections – Dynamics 365 Finance
Manage credit and collections
Configure credit management processes
Credit management parameters setup – Dynamics 365 Finance
Credit and collections overview – Dynamics 365 Finance
Configure collections management processes, including collection activities
Collections in Accounts receivable – Dynamics 365 Finance
Set up credit and collections in Dynamics 365 Finance – Training
Manage delinquent customers
Collections management key concepts – Dynamics 365 Finance
Process credit and collections in Dynamics 365 Finance – Training
Prepare and send customer account statements
Process credit and collections in Dynamics 365 Finance – Training
Collections coordinator workspace – Dynamics 365 Finance
Configure and process collection letters
Set up credit and collections in Dynamics 365 Finance – Training
Collections in Accounts receivable – Dynamics 365 Finance
Configure aging definitions and process aged balances
Collections management key concepts – Dynamics 365 Finance
Review collections information – Dynamics 365 Finance
Process and manage credit holds
Credit management parameters setup – Dynamics 365 Finance
Credit and collections overview – Dynamics 365 Finance
Configure and use customer write-offs
Collections in Accounts receivable – Dynamics 365 Finance
Collections management key concepts – Dynamics 365 Finance
Configure and process interest notes
Set up credit and collections in Dynamics 365 Finance – Training
Collections in Accounts receivable – Dynamics 365 Finance
Configure and manage subscription billing
Generate sales documents by using billing schedules
Subscription billing overview – Dynamics 365 Finance
Recurring contract billing overview – Dynamics 365 Finance
Manage billing schedules, including price update and hold termination
Recurring contract billing overview – Dynamics 365 Finance
Subscription billing overview – Dynamics 365 Finance
Configure contract billing, including billing schedule group, item group, and milestone setup
Recurring contract billing overview – Dynamics 365 Finance
Subscription billing overview – Dynamics 365 Finance
Configure and use revenue deferrals and recognition, including for charges, deferral defaults, and items deferred by default
Revenue and expense deferrals in Subscription billing – Dynamics 365 Finance
Deferral schedules in revenue and expense deferrals – Dynamics 365 Finance
Configure and use expense deferrals and recognition
Revenue and expense deferrals in Subscription billing – Dynamics 365 Finance
Subscription billing overview – Dynamics 365 Finance
Process and manage revenue and expense recognition schedules
Deferral schedules in revenue and expense deferrals – Dynamics 365 Finance
Implement and manage accounts payable and expenses (10–15%)
Implement and manage accounts payable
Configure invoice validation policies and invoice matching setup
Accounts payable invoice matching overview – Dynamics 365 Finance
Set up Accounts payable invoice matching validation – Dynamics 365 Finance
Set up vendor invoice policies – Dynamics 365 Finance
Configure vendor groups, vendors, and vendor posting profiles, including configuring shared vendors
Vendor posting profiles – Dynamics 365 Finance
Accounts payable home page – Dynamics 365 Finance
Configure accounts payable in Dynamics 365 Finance – Training
Process purchase order invoices and credit memos, including prepayments
Vendor invoices overview – Dynamics 365 Finance
Prepayment invoices vs. prepayments – Dynamics 365 Finance
Configure vendor payment methods
Accounts payable home page – Dynamics 365 Finance
Configure accounts payable in Dynamics 365 Finance – Training
Configure accounts payable charges, and apply changes to an invoice
Accounts payable home page – Dynamics 365 Finance
Vendor invoices overview – Dynamics 365 Finance
Configure bank accounts and bank account approvals for vendors
Configure accounts payable in Dynamics 365 Finance – Training
Accounts payable home page – Dynamics 365 Finance
Configure vendor change approvals
Accounts payable home page – Dynamics 365 Finance
Configure accounts payable in Dynamics 365 Finance – Training
Perform accounts payable foreign currency revaluation
Currency revaluation for Accounts payable and Accounts receivable – Dynamics 365 Finance
Currency revaluation posting profiles – Dynamics 365 Finance
Configure vendor invoice automation
Set up options for vendor invoice automation – Dynamics 365 Finance
Automated vendor invoicing processes overview – Dynamics 365 Finance
Process the vendor invoice journal including voyage cost
Vendor invoices overview – Dynamics 365 Finance
Accounts payable home page – Dynamics 365 Finance
Configure and use recurring vendor invoices
Accounts payable home page – Dynamics 365 Finance
Configure accounts payable in Dynamics 365 Finance – Training
Process and generate vendor payments, centralized payments, and prepayments
Vendor payment overview – Dynamics 365 Finance
Create vendor payments by using a payment proposal – Dynamics 365 Finance
Prepayment invoices vs. prepayments – Dynamics 365 Finance
Configure and use expense management
Configure expense management including categories, per diem options, mileage expenses, intercompany expenses, and personal expenses
Configure expense management – Dynamics 365 Finance
Configure Expense management parameters – Dynamics 365 Finance
Per diem expenses – Dynamics 365 Finance
Set up and configure Expense management in Dynamics 365 Project Operations – Training
Create and manage expense reports
Expense management overview – Dynamics 365 Finance
Create and process expense reports in Dynamics 365 Project Operations – Training
Manage budgeting (10–15%)
Implement basic budgeting
Configure budgeting components, including budget models, codes, allocation terms, and transfer rules
Budgeting overview – Dynamics 365 Finance
Budgeting home page – Dynamics 365 Finance
Configure and use budgeting in Dynamics 365 Finance – Training
Create and manage budget register entries
Budget register entries – Dynamics 365 Finance
Budgeting overview – Dynamics 365 Finance
Compare budgeted values with actual values
Configure and use budgeting in Dynamics 365 Finance – Training
Budgeting home page – Dynamics 365 Finance
Configure and manage budget controls
Configure budget controls including budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions
Budget control overview – Dynamics 365 Finance
Configure and use budgeting in Dynamics 365 Finance – Training
Activate or deactivate budget control configurations
Budget control overview – Dynamics 365 Finance
Budgeting overview – Dynamics 365 Finance
Manage fixed assets (10–15%)
Implement and manage fixed assets
Create and manage fixed asset groups and other fixed asset attributes
Set up fixed asset groups – Dynamics 365 Finance
Set up fixed assets – Dynamics 365 Finance
Configure fixed asset posting profiles
Set up fixed asset posting profiles – Dynamics 365 Finance
Fixed assets integration – Dynamics 365 Finance
Configure fixed asset parameters
Set up fixed assets – Dynamics 365 Finance
Fixed asset transaction options – Dynamics 365 Finance
Configure fixed asset books
Set up value models – Dynamics 365 Finance
Post fixed asset transactions to posting layers – Dynamics 365 Finance
Configure depreciation profiles
Set up and create depreciation profiles – Dynamics 365 Finance
Fixed asset depreciation – Dynamics 365 Finance
Create and manage fixed assets
Set up fixed assets – Dynamics 365 Finance
Fixed assets home page – Dynamics 365 Finance
Configure mapping for fixed asset groups and books
Set up fixed asset groups – Dynamics 365 Finance
Set up value models – Dynamics 365 Finance
Process fixed asset transactions
Process fixed asset disposal (sales) by using free text invoices
Dispose of a fixed asset using a free text invoice – Dynamics 365 Finance
Fixed asset transaction options – Dynamics 365 Finance
Process fixed asset acquisitions by using purchase orders, journals, inventory journals, and projects
Fixed assets integration – Dynamics 365 Finance
Fixed asset transaction options – Dynamics 365 Finance
Overview of the Acquire to dispose end-to-end business process – Dynamics 365
Create fixed asset budgets and transfer the budgets to the budgeting module
Fixed assets home page – Dynamics 365 Finance
Budgeting home page – Dynamics 365 Finance
Process fixed asset depreciation
Fixed asset depreciation – Dynamics 365 Finance
Depreciation methods and conventions – Dynamics 365 Finance
Process fixed asset disposals and other transactions by using the fixed asset journal
Fixed asset transaction options – Dynamics 365 Finance
Fixed assets integration – Dynamics 365 Finance
Process fixed asset split, reclassification, and transfer
Reclassify fixed assets – Dynamics 365 Finance
Fixed asset transaction options – Dynamics 365 Finance
Process acquisition and depreciation for derived books
Derived books – Dynamics 365 Finance
Post with derived books – Dynamics 365 Finance
This brings us to the end of the MB-310 Microsoft Dynamics 365 Finance Functional Consultant Study Guide.
What do you think? Let me know in the comments section if I have missed out on anything. Also, I love to hear from you about how your preparation is going on!
In case you are preparing for other Microsoft Dynamics 365 certification exams, check out the Microsoft Dynamics 365 section for those exams.
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