course: Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate (MB-310)
Duration: 5 day(s)
Format: [Dictionary item: Virtual or Classroom]
Prepares for Exam : Microsoft Dynamics 365 Finance (MB-310)
Prepares for Certification : Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate
Achieving the Microsoft Dynamics 365 Finance Functional Consultant Associate certification is not an easy task, but with your Readynez Course and Learning Program we’ve done everything we can to support you from start to finish, ensuring you have the optimal conditions to succeed. That includes the best resources available to help you prepare, including relevant online courses, access to practical labs, practice test for Exam prep, study guides, exam support and guides etc, all made easily accessible to you in our Learning Platform. If you select our Virtual Training option, you also contribute to a more sustainable world with a reduction in CO2 emission of 96% compared to the in-classroom option.
The Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate (MB-310) certification is designed for professionals who implement and use Dynamics 365 Finance. The certification is ideal for individuals who have experience in implementing Dynamics 365 Finance solutions and want to validate their skills and knowledge in this area. The MB-310 exam covers various topics related to Dynamics 365 Finance, such as configuring and managing financial modules, managing budgeting and accounting processes, and managing financial data migration. The exam also covers topics related to implementing and managing Dynamics 365 Finance workflows and integrations with other applications and services.
Was very well structured course with a great trainer who really knew his topic well. Definitely feel prepared for the test after this.
The instructor took it from just powerpoints to live training, showing examples and case-studies, which is much appriciated. And as always the customer experience team helps out with any questions and customizations that delagates require!
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We´ll cover the ins and outs of the subject so that you can apply it in your day-to-day work, and you’ll even learn the specifics that you need to know for the exam. It’s your choice whether to sit the exam, or not, but with our detailed guides and hotline, we’ll make it easy to access your exam voucher, and schedule and sit the exam online
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- Define and configure the chart of accounts and main accounts
- Describe use cases for main accounts categories, ledger account aliases, and balance control accounts
- Configure financial dimensions and dimension sets
- Configure legal entity overrides for financial dimensions and main accounts
- Create and configure account structures and advanced rules
- Construct fiscal calendars, years, and periods
- Configure the ledger
- Describe and configure batch transfer rules
- Set up currencies and conversions for a legal entity
- Manually enter currency exchange rates
- Configure currency exchange rate providers.
- Describe options for implementing voucher numbers in journals
- Configure journal names
- Set up journal controls and posting restriction rules
- Describe and configure journal approvals
- Create voucher templates
- Describe use cases for periodic journals
- Configure and apply accrual schemes
- Set up intercompany accounting
- Create and maintain bank groups and bank accounts
- Describe and configure electronic payment formats
- Configure and process bank reconciliations including advanced bank reconciliations
- Configure cash flow reports
- Describe cost accounting processes and terms
- Configure cost accounting processes
- Create a cost accounting report by using the Cost Accounting Report wizard
- Describe and configure the costing sheet and indirect costs
- Configure cost objects and cost groups
- Implement inventory costing versions
- Differentiate between inventory costing methodologies
- Configure item groups and posting profiles
- Perform inventory closing and adjustment processes
- Configure a financial period workspace and closing schedule
- Define and demonstrate periodic closing processes and end-of-year processes
- Perform financial consolidation and elimination processes
- Configure allocation terms for a main account
- Create and process ledger allocation rules
- Implement foreign currency revaluation processes
- Create and management financial reports including row, column, and report definitions
- Configure tax groups, tax codes, settlement periods, and jurisdiction
- Configure tax ledger posting groups
- Prepare periodic filings including end-of-year tax reporting
- Configure invoice validation policies
- Set up vendor posting profiles
- Process orders, invoices, and payments
- Configure the Vendor Collaboration module
- Configure vendor payments including positive pay and payment calendars
- Configure accounts payable charges
- Configure expense management including categories, per diem options, mileage expenses, and personal expenses
- Configure workflows for expense management
- Describe use cases for expense management policies and the Audit workbench
- Describe and configure credit card processing
- Manage expense reports
- Set up customer posting profiles
- Configure and process free text invoices
- Process orders, invoices, and payments
- Configure customer payment setup
- Configure accounts receivable charges
- Configure credit management processes
- Configure collections management processes
- Manage delinquent customers
- Prepare and send customer account statements
- Manage customer credit limits and credit holds
- Set up and process collection letters and interest notes
- Configure journals and parameters for revenue recognition
- Implement revenue schedules
- Eenter and process revenue recognition transactions
- Configure budgeting components including budget models, codes, allocation terms, cycles, and transfer rules
- Create a budget plan including scenarios, stages, allocation stages, stage allocations, and templates
- Define a budget planning process and plan a budget
- Configure budget controls including cycle time spans, budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions
- Create and configure registry entries
- Implement budget workflows
- Perform budget checks on documents and journals
- Create fixed assets and fixed assets groups
- Configure fixed asset parameters
- Describe and configure fixed asset books and depreciation
- Enable integration with purchasing, projects, and free text invoices
- Acquire, depreciate, and dispose of fixed assets
- Create fixed asset budgets and transfer the budgets to the budgeting module
- Estimate and perform an elimination of a project to a fixed asset
Meet some of the Readynez Instructors you can meet on your course. They are experts, passionate about what they do, and dedicated to give back to their industry, their field, and those who want to learn, explore, and advance in their careers.
Agne is a devoted Dynamics 365 F&O senior consultant with more than 13 years of experience in the ERP Business with Microsoft Dynamics.
Ignas is a devoted Dynamics 365 F&SCM Pro with more than 7 years of experience in the D365 F&SCM industry.
Julian is an official Microsoft Business Application MVP and one of the most widely recognized experts on Dynamics 365.
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Achieving the Microsoft Dynamics 365 Supply Chain Management Functional Consultant Associate certification is not an easy task, but with your Readynez Course and Learning Program we’ve done everything we can to support you from start to finish, ensuring you have the optimal conditions to succeed. That includes the best resources available to help you prepare, including relevant online courses, access to practical labs, practice test for Exam prep, study guides, exam support and guides etc, all made easily accessible to you in our Learning Platform. If you select our Virtual Training option, you also contribute to a more sustainable world with a reduction in CO2 emission of 96% compared to the in-classroom option.VIEW COURSE
The Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate (MB-310) consultant is a certified professional who has passed the MB-310 certification exam demonstrating their knowledge and skills in implementing and configuring Dynamics 365 Finance solutions for businesses. They work closely with other consultants, project managers, and business stakeholders to ensure that the Dynamics 365 Finance solution meets the client's needs and that their certification validates their expertise in managing financial processes in Dynamics 365 Finance.
The Microsoft Dynamics 365 Finance Functional Consultant Associate Certification exam is known to have around 40-60 questions, but this may vary over time. It is best to check the official Microsoft certification website or contact Microsoft support for the most accurate and up-to-date information regarding the MB-310 exam.
The cost of the MB-310 exam is €165 per attempt, but this may be subject to change over time. Additionally, the exam fees may vary by location and currency. It is recommended to check the official Microsoft certification website for the most accurate and up-to-date information regarding the MB-310 exam fees.
The passing score for the MB-310 exam is 700 out of 1000. However, it is important to note that Microsoft may update the exam passing score at any time. It is recommended to check the official Microsoft certification website for the most accurate and up-to-date information regarding the passing score for the MB-310 exam.
The MB-310 exam has a time limit of 180 minutes or three hours.
The MB-310 certification does not have a set expiration date. However, Microsoft may update its certification policies at any time, so it is recommended to check the official Microsoft certification website for the most accurate and up-to-date information on certification validity.
To take the MB-310 certification exam, Microsoft recommends that candidates have experience in implementing and configuring Dynamics 365 Finance solutions, as well as a general understanding of financial principles and processes. However, there are no formal prerequisites for taking the MB-310 exam. It is recommended that candidates review the exam objectives and ensure they have a solid understanding of the topics covered before taking the exam.
While it is not strictly required to have previous experience to take the MB-310 certification exam, Microsoft recommends that candidates have experience in implementing and configuring Dynamics 365 Finance solutions, as well as a general understanding of financial principles and processes. Having prior experience though can be very helpful in understanding the concepts and applying them in real-world scenarios. However, candidates can still prepare for and pass the exam with thorough study and practice even without prior experience.
The difficulty level of the MB-310 exam may vary depending on an individual's level of experience and knowledge of Dynamics 365 Finance. However, it is generally considered to be a challenging exam that requires a deep understanding of the application and its functionality. To pass the exam, one must have a solid grasp of finance-related concepts and skills, as well as the ability to implement and configure solutions in Dynamics 365 Finance. Adequate preparation through studying and hands-on practice can increase the chances of passing the exam.
The amount of time it takes to prepare for the MB-310 exam varies depending on an individual's prior experience and knowledge of Dynamics 365 Finance. Some people may need several months of study and practice, while others may require only a few weeks. Microsoft recommends that candidates have at least one to two years of experience in Dynamics 365 Finance before taking the exam, so if someone has extensive experience in this area, they may require less time to prepare. It is important to create a study plan, review the exam objectives, and use resources such as Microsoft official training materials and practice exams to ensure adequate preparation.
The salary of a Microsoft Certified Dynamics 365 Finance Functional Consultant Associate (MB-310) can vary depending on factors such as location, years of experience, and job responsibilities. According to Payscale, the average salary for a Dynamics 365 consultant in the United States is around $92,000 per year. However, salaries can range from around $66,000 to $131,000 per year. It's important to note that this data is not specific to MB-310 certified professionals and may include other Dynamics 365 certifications as well.
If you are interested in pursuing a career in Microsoft Dynamics 365 Finance and Operations, this certification can be a valuable addition to your resume. It demonstrates that you have the skills and knowledge required to implement and configure Dynamics 365 Finance and Operations, and can be useful in securing a job or advancing your career in this field.
The MB-310 exam for Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate is conducted by Pearson VUE through computer-based testing. The exam has 40-60 multiple-choice questions and a 120-minute time limit. Candidates can take the exam at a Pearson VUE testing center or through online proctoring. To prepare for the exam, candidates can use Microsoft's official study materials, such as Microsoft Learn or Microsoft Docs, or third-party resources, such as books, online courses, and practice tests. Passing the MB-310 exam earns the candidate the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification.
To prepare for the MB-310 certification exam, you should start by familiarizing yourself with the exam objectives provided by Microsoft. Microsoft's official study materials, such as Microsoft Learn and Microsoft Docs, provide comprehensive coverage of the exam topics and include hands-on exercises and simulations to help you gain practical experience. You can also supplement your preparation with third-party resources, including books, online courses, and practice tests. Joining a study group or community can help you stay motivated and gain a deeper understanding of the exam topics. Finally, practice is key to exam success, so take advantage of hands-on exercises and simulations, as well as practice tests, to identify areas where you need to improve.
Readynez is a training provider that can help individuals clear the MB-310 exam and become a Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate. They offer a variety of training courses and resources, including in-person and online courses, practice tests, and study materials. Readynez's experienced instructors provide personalized guidance and support to help students fully understand the exam objectives and topics. Additionally, they offer a "Readynez Exam Guarantee" program that provides students with a free retake if they do not pass the exam on their first attempt. By taking advantage of Readynez's training and resources, individuals can increase their chances of passing the MB-310 exam and earning the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification.
With a Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification, you can pursue various job roles related to Dynamics 365 Finance and Operations. Some of the job titles that you can consider include:
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