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Managing Fixed Assets & Budgeting (10-15%):

  • Manage and implement fixed assets: the individuals should have the skills in creating fixed assets groups and fixed assets; configuring fixed asset parameters; explaining and configuring fixed asset depreciation and books; enabling integration with purchasing and projects; acquiring, depreciating, and disposing of fixed assets; estimating and performing eliminations of projects to fixed assets; creating fixed asset budgets and transferring budgets to budgeting modules.
  • Manage and configure budgeting processes: this topic covers one’s skills in configuring the budgeting components; creating the budget plan; defining the budget planning process and planning a budget; configuring budget controls; creating and configuring registry entries; implementing budget workflows; performing budget checks on journals and documents;

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Certification Path

The best certificate to follow after the associate-level path is the Microsoft Certified: Dynamics 365: Finance and Operations Apps Solution Architect Expert, which will require you to nail one exam and which requires the Dynamics 365 Finance Functional Consultant Associate validation as a prerequisite.

Exam MB-310: Microsoft Dynamics 365 Finance

The content of this exam will be updated on August 27, 2021. Please download the skills measured document below to see what will be changing.

Candidates for this exam are Functional Consultants who analyze business requirements and translate those requirements into fully realized business processes and solutions that implement industry best practices. Candidates serve as a key resource in implementing and configuring applications to meet business requirements.

Candidates for this exam must have a fundamental understanding of accounting principles and financial operations of businesses including accounts payables and accounts receivables, taxes, costing principles, fixed assets, and budgeting.

Part of the requirements for: Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate

Download exam skills outline

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

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Microsoft MB-310 Exam Syllabus Topics:

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

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