Microsoft Dynamics 365 Finance Functional Consultant: MB-310 Exam

"Microsoft Dynamics 365 Finance Functional Consultant", also known as MB-310 exam, is a Microsoft Certification. With the complete collection of questions and answers, BraindumpsPass has assembled to take you through 364 Q&As to your MB-310 Exam preparation. In the MB-310 exam resources, you will cover every field and category in Microsoft Dynamics 365 Certification helping to ready you for your successful Microsoft Certification.

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  • Updated on: Nov 02, 2026
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  • Updated on: Nov 02, 2026
  • No. of Questions: 364 Questions & Answers

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Microsoft exams assist you to distinguish yourself and verify your education and abilities. Describe your expertise in Microsoft 365 technologies moreover improve your work by earning one of the new Microsoft 365 role-based certifications for business administrators or an Office 365 certification. Verify your abilities in sectors such as relocation and management of cloud-hosted business apps with Microsoft 365 and move your business to the cloud. In this guide, we will cover the Microsoft MB-310 Exam, Microsoft Dynamics 365 Finance Certification Salary and all aspects of the Microsoft MB-310 Exam Certification.

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6 Preparation Tips

It will take your effort and time to be ready for the Microsoft MB-310 exam. To ensure your success in it, you should follow certain steps, which are the following:

Step 1: Review all the exam information

While preparing for any IT certification test, ensure that you are avoiding jamming your head with a lot of questions. Also, clear your head first. The next thing to do is deeply analyze and understand all the exam information provided on the official certification page. Also, ensure that all the details are up to date. Then, you need to familiarize yourself with the exam details because it will play an important role during the preparation process.

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

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

  • 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;
  • 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.

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MB-310 Exam Outline

This validation comprises about 40 to 60 questions in total and 3 hours will be given to complete all of them. Following are some question formats that are used generally by the vendor when it comes to the official tests:

  • Labs;
  • Hot area;
  • Case studies;
  • Drag & drop;
  • Multiple-choice;
  • Short answer, etc.

To mention the registration process briefly, as the first step you are required to log into your account at Pearson VUE and then choose the relevant section. Next, enter the exam code and complete your registration by following the notifications. Note that Microsoft offers this MB-310 test in English for $165.

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Microsoft MB-310 Exam Syllabus Topics:

SectionObjectives
Topic 1: Manage cash and bank- Bank account setup
  • 1. Bank reconciliation
    • 2. Cash flow management
      Topic 2: Manage fixed assets- Fixed asset lifecycle
      • 1. Acquisition and depreciation
        • 2. Disposal and revaluation
          Topic 3: Configure and use financial management- Financial reporting
          • 1. Financial statements configuration
            • 2. Budgeting and control
              - General ledger setup
              • 1. Financial dimensions setup
                • 2. Fiscal calendars and periods
                  • 3. Chart of accounts configuration
                    Topic 4: Configure and manage tax- Tax setup and configuration
                    • 1. Sales tax setup
                      • 2. Tax calculation and reporting
                        Topic 5: Manage accounts payable and receivable- Accounts receivable processes
                        • 1. Invoicing and collections
                          • 2. Customer management
                            - Accounts payable processes
                            • 1. Invoice processing and payments
                              • 2. Vendor management

                                Microsoft Dynamics 365 Finance Functional Consultant Sample Questions:

                                A company is implementing Dynamics 365 Finance.
                                The company must be able to record sales orders in the following currencies: USD. EUR, and GBP.
                                Company A uses USD as the accounting and reporting currency
                                Company B uses GBP as the accounting and reporting currency.
                                Each company is consolidated into Company CON that uses EUR as the accounting and reporting currency.
                                Assets and liabilities are revalued at the current exchange rate.
                                You need to configure the system to meet the requirement.
                                Which option should you use? To answer, select the appropriate options in the answer area.
                                NOTE: Each correct selection is worth one point.

                                Reveal Solution  Discussion  0

                                Correct Answer:


                                Explanation:

                                A client has unique accounting needs that sometimes require posting definitions.
                                You need to implement posting definitions.
                                In which situation should you implement posting definitions?

                                • A. when creating one offset ledger entry based on transaction type
                                • B. when the system needs to automatically post a transaction to the accounts receivable account on invoiceposting
                                • C. when financial dimensions need to default from the main account onto an invoice
                                • D. when using encumbrance accounting for purchase orders
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

                                Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).

                                A company uses Dynamics 365 Finance. The company induces sot departments that participate in the budget planning process.
                                The finance department generates a previous year budget scenario You must generate a new baseline scenario that is based on the previous year ' s budget scenario.
                                Department managers must be able to enter their budget requests in the baseline scenario. Al department requests must be made available to the finance department so that they can determine the total budget funds requested and approve the budget scenario You need to configure the allocation schedule.
                                How should you configure the schedule for the baseline scenario? To answer, select the appropriate options in the dialog box in the answer area NOTE: Each correct selection worth one point.

                                Reveal Solution  Discussion  0

                                Correct Answer:


                                Explanation:

                                A customer uses bank reconciliation functionality In Dynamics 365 Finance.
                                The customer finds a transaction in a closed fiscal period that must be corrected.
                                You need to correct the transaction.
                                How should you nuke this correction?

                                • A. Use the Correction amount field.
                                • B. Open the fiscal period.
                                • C. Create a new line for the transaction in the closed period.
                                • D. Create a new line for the transaction in an open period
                                Reveal Solution  Discussion  0

                                Correct Answer: D  🗳️

                                You need to correct the sales tax setup to resolve User5 ' s issue.
                                Which three actions should you perform? Each correct answer presents part of the solution.
                                NOTE: Each correct selection is worth one point.

                                • A. Populate the sales tax code on the sales order line.
                                • B. Assign the sales tax group to CustomerY.
                                • C. Populate the item sales tax group field on the sales order line.
                                • D. Populate the sales tax group field on the sales order line.
                                • E. Assign the relevant sales tax code to both the sales tax and item sales tax groups.
                                Reveal Solution  Discussion  0

                                Correct Answer: C,D,E  🗳️

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