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About Related Certification

The Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate is one of the related certifications for anyone seeking to climb up the organizational ladder. MB-300 & MB-310 tests and their accompanying certification equip you with knowledge of configuration and usage of functionality tools. Additionally, this validation is designed for all in the finance and supply chain industry looking to learn and understand the concept of operations, accounting principles, and practices. In all, getting the affiliated certificate arms candidates with in-depth knowledge of how to carry out the subsequent technical tasks:

  • How to control accounts, both receivable and payable;
  • How to set up and configure financial management.
  • How to manage, calculate, and fix assets;
  • How to efficiently manage and apply some of the common practices;

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Topics Covered in Official Text

Designed to test the candidate’s first-hand knowledge of cloud basics as well as make you better functional analysts, this test has been created to demonstrate that you are an expert analyst who's capable of setting up and configuring financial management and relative tools for the improvement of efficiency in various industries. In particular, the topics to be covered in this test are:

  • The configuration & setup of finance management;
  • Putting into operation credit, varied accounts receivable, collections, and recognition for the revenue;
  • How to manage and execute accounts that are payable in addition to expenses;
  • Monitoring fixed assets & budgeting.

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

You can read the Microsoft MB-310 Certification Exam advantages below

  • A candidate might have incredible IT skills. Employers that do the hiring need to make decisions based on limited information and as it always. When they view the official Microsoft Dynamics 365 Finance certification, they can be guaranteed that a candidate has achieved a certain level of competence.
  • After completing the Microsoft Certified Dynamics 365 Finance certification, Candidate becomes a solid, well-rounded Microsoft Certified MB-310 Exam.
  • When an organization hiring or promotion an employee, then the decision is made by human resources. Now while Candidate may have an IT background, they do their decisions in a way that takes into record many different factors. One thing is candidates have formal credentials, such as the Microsoft MB-310 .
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Microsoft MB-310 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Implement and Manage General Ledger and Cost Accounting25-30%- Implement Cost Accounting
  • 1. Configure cost accounting module
  • 2. Create cost control units and cost groups
  • 3. Implement cost allocations and cost behavior
  • 4. Configure and process budget configurations
- Implement General Ledger
  • 1. Implement periodic processes and allocations
  • 2. Configure and process journal entries
  • 3. Configure and manage intercompany accounting
  • 4. Implement advanced ledger structures
  • 5. Configure and process financial consolidation
Topic 2: Implement and Manage Accounts Payable and Receivable25-30%- Implement Accounts Payable
  • 1. Implement invoice and payment workflows
  • 2. Configure charges and multi-lined invoice scenarios
  • 3. Set up vendors, vendor groups, and vendor posting profiles
  • 4. Implement and process vendor payments
  • 5. Configure accounts payable parameters and payment terms
- Implement Accounts Receivable
  • 1. Implement free text invoices and sales orders
  • 2. Configure and manage collection letters and interest
  • 3. Implement and process customer payments
  • 4. Set up customers, customer groups, and customer posting profiles
  • 5. Configure accounts receivable parameters and payment terms
Topic 3: Implement and Manage Fixed Assets10-15%- Configure Fixed Assets
  • 1. Implement fixed asset tracking and reporting
  • 2. Set up fixed asset depreciation methods and conventions
  • 3. Implement fixed asset acquisition, depreciation, and disposal
  • 4. Configure fixed asset parameters and groups
  • 5. Configure fixed asset books and value models
Topic 4: Configure and Implement Core Financial Functions20-25%- Implement and manage financial structures
  • 1. Configure fiscal calendars, fiscal years, and periods
  • 2. Set up ledgers, currencies, and exchange rates
  • 3. Implement financial dimensions and dimension sets
  • 4. Create and manage legal entities
  • 5. Configure chart of accounts and account structures
- Configure cash flow management
  • 1. Set up cash flow forecasts
  • 2. Implement petty cash and workflow for cash management
  • 3. Configure bank management and bank accounts
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