Microsoft · MB-310
Microsoft Dynamics 365 Finance Functional Consultant (MB-310) Practice Tests
Validates ability to implement and configure financial management, accounts payable and receivable, budgeting, and fixed assets in Dynamics 365 Finance.
Exam Details
Practice Questions
1,299
≈ 25 practice exams
Duration
100 minutes
Passing Score
700/1000
Difficulty
AssociateLast Updated
Jan 2025
Topics Covered
Financial ManagementAccounts PayableAccounts ReceivableBudgetingFixed AssetsGeneral LedgerCash and Bank ManagementCredit and CollectionsExpense Management
Microsoft Dynamics 365 Finance Functional Consultant (MB-310) Practice Exam Preparation
Use this MB-310 practice exam to prepare for Microsoft Dynamics 365 Finance Functional Consultant (MB-310) with realistic questions, detailed explanations, and focused study modes. The practice bank includes 1,299 questions for Microsoft MB-310, so you can review the exam steadily instead of relying on one long cram session.
As you practice, pay extra attention to recurring topics such as Financial Management, Accounts Payable, Accounts Receivable, Budgeting, and Fixed Assets. Start with short sessions to identify weak areas, then move into timed quizzes once your accuracy is consistent.
The explanations are especially useful when you want to connect exam wording to the responsibilities and scenarios described in the official certification guidance. Use the free preview first, then unlock the full question bank when you are ready to build a complete study routine.
Exam Domain Breakdown
Implement Financial Management43%
Implement Accounts Receivable, Credit, Collections, and Subscription Billing18%
Implement and Manage Accounts Payable and Expenses13%
Manage Budgeting13%
Manage Fixed Assets13%
Exam Overview
The Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification, validated through Exam MB-310, measures a candidate's ability to analyze complex financial business requirements and translate them into fully realized business processes and solutions within Microsoft Dynamics 365 Finance. The exam was most recently updated on July 25, 2025, and now covers an expanded set of financial domains including general ledger, accounts payable, accounts receivable, credit and collections, cash and bank management, budgeting, fixed assets, asset leasing, tax, expense management, subscription billing, cost accounting, cost management, and consolidation and elimination.
Candidates must demonstrate a fundamental understanding of accounting principles and financial operations as they relate to core finance and operations app tasks, manufacturing, retail, and supply chain management. The certification validates the ability to configure chart of accounts structures, financial dimensions, currency revaluations, journal workflows, bank reconciliations, tax settlement, intercompany accounting, and periodic closing processes — reflecting the breadth and depth of financial configuration required for enterprise Dynamics 365 deployments.
Who Should Take This Exam
This certification targets finance professionals and IT consultants who implement and configure Dynamics 365 Finance solutions for enterprise clients. Ideal candidates include Dynamics 365 Functional Consultants, ERP Finance Consultants, Financial Systems Analysts, and Business Analysts with a strong foundation in accounting principles. Professionals who have hands-on experience configuring modules such as general ledger, accounts payable, accounts receivable, or fixed assets — whether in a consulting firm or an internal IT role — are the primary audience.
Candidates typically have several years of experience in finance operations or ERP implementation and are looking to formalize their expertise with a role-based Microsoft credential. Those transitioning from on-premises Dynamics AX environments to Dynamics 365 Finance in the cloud will also find this certification directly relevant to validating their updated skill set.
Prerequisites
Microsoft does not enforce formal prerequisites to register for MB-310, but candidates are strongly recommended to have hands-on experience working with Dynamics 365 Finance before attempting the exam. A working knowledge of core financial concepts — including double-entry accounting, financial statements, and budgeting processes — is essential, as exam questions assume this baseline without testing it explicitly.
Familiarity with the broader Dynamics 365 Finance and Operations platform is also recommended. Microsoft offers the MB-310T00 instructor-led training course as the primary preparation vehicle, and completing the free self-paced learning paths on Microsoft Learn covering Dynamics 365 Finance modules is advised before scheduling the exam. Prior experience with configuring legal entities, organizational hierarchies, and security roles within the finance and operations apps will be beneficial.
Exam Format
Exam MB-310 is a proctored assessment delivered through Pearson VUE, available both online (via OnVUE) and at authorized testing centers. Candidates have 100 minutes to complete the assessment. The exam may include interactive lab-based components in addition to traditional multiple-choice, multi-select, drag-and-drop, and scenario-based question types. The number of scored questions is not publicly disclosed by Microsoft and may vary per attempt.
A passing score of 700 out of 1000 is required. Microsoft uses a scaled scoring model, and the exam may include unscored pilot questions that do not count toward the final result. The exam is currently available in English and Japanese. Candidates who take the exam in a non-native language may request an additional 30 minutes via the accommodations process. The exam is priced at approximately $165 USD, though pricing varies by country or region.
Skills Measured
- 1.Implement Financial Management (40–45%): Covers designing and configuring the chart of accounts and financial dimensions; configuring ledgers, currencies, and exchange rates; implementing journals including intercompany and periodic journals; managing cash and bank accounts with advanced reconciliation; performing periodic closing, consolidation, and elimination processes; configuring and settling taxes including withholding tax; and implementing cost management including inventory costing methodologies and item model groups.
- 2.Implement Accounts Receivable, Credit, Collections, and Subscription Billing (15–20%): Covers configuring customers and customer groups, processing free text and sales order invoices, managing customer payments and posting profiles, configuring credit management and collections processes, managing delinquent customers, processing interest notes and collection letters, and configuring subscription billing schedules including revenue and expense deferrals and recognition.
- 3.Implement and Manage Accounts Payable and Expenses (10–15%): Covers configuring invoice validation policies and vendor posting profiles, processing purchase order invoices and prepayments, configuring vendor payment methods and centralized payments, setting up vendor invoice automation, processing the vendor invoice journal, and configuring and managing expense categories, per diem options, mileage, and intercompany expense reports.
- 4.Manage Budgeting (10–15%): Covers configuring budgeting components such as budget models, codes, allocation terms, and transfer rules; creating and managing budget register entries; comparing actuals to budgets; and configuring budget controls including fund availability options, control rules and groups, and over-budget permissions.
- 5.Manage Fixed Assets (10–15%): Covers configuring fixed asset groups, books, posting profiles, depreciation profiles, and parameters; creating and managing fixed assets; processing acquisitions via purchase orders, journals, and projects; processing depreciation, disposals, splits, reclassifications, and transfers; and processing derived book acquisitions and depreciation.
Study Tips
- Work through the official Microsoft Learn learning paths mapped to MB-310 on learn.microsoft.com — these free, self-paced modules align directly to the exam skill domains and include knowledge checks that reinforce key configuration concepts.
- Take the free official Practice Assessment (Assessment ID 107) available on the MB-310 certification page on Microsoft Learn to gauge readiness. This assessment uses questions in the same style and difficulty as the actual exam and highlights knowledge gaps by domain.
- Set up a Dynamics 365 Finance trial environment (available free from Microsoft) and practice configuring the chart of accounts, financial dimensions, journal names, customer and vendor posting profiles, and fixed asset books hands-on — interactive lab questions on the exam require applied knowledge, not just memorization.
- Study the official MB-310 Study Guide on Microsoft Learn carefully; the July 25, 2025 update added a new 'Implement cost management' objective under financial management, covering cost groups, inventory costing versions, and item model groups that may not appear in older third-party prep materials.
- Pay particular attention to the financial management domain (40–45% of the exam) — focus on advanced bank reconciliation setup, cash flow forecast automation, ledger settlement configuration, intercompany accounting, and the Consolidation online process, as these are high-weight and frequently tested topics.
- Use the Microsoft Dynamics Community forums at community.dynamics.com and the Microsoft Q&A platform to research edge-case configuration scenarios — exam questions often present real-world business requirements where you must select the correct configuration path among similar options.
- Review the MB-310T00 official instructor-led course outline even if self-studying; the module structure reveals how Microsoft groups related concepts and helps ensure no sub-domain (such as subscription billing, withholding tax, or customer netting) is overlooked during preparation.
Career Benefits
Earning the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate credential positions professionals for in-demand roles including Dynamics 365 Finance Functional Consultant, ERP Finance Consultant, Finance Systems Analyst, and Business Applications Consultant. According to ZipRecruiter data, Microsoft Dynamics Functional Consultants in the United States earn an average of approximately $110,000–$125,000 per year, with experienced consultants and contractors earning $120–$200 per hour in project-based engagements. The certification is recognized by Microsoft partners and independent software vendors globally, making it relevant across industries including manufacturing, retail, healthcare, and professional services.
MB-310 serves as a stepping stone toward the Microsoft Certified: Finance and Operations Apps Solution Architect Expert certification, which targets senior architects leading large-scale Dynamics 365 implementations. Compared to competing ERP credentials such as SAP FI or Oracle Financials Cloud, the MB-310 is specifically aligned to the Microsoft ecosystem, making it the preferred qualification for organizations running or migrating to Dynamics 365 Finance. The certification renews annually via a free online assessment on Microsoft Learn, keeping holders current with platform updates without requiring a full re-examination.
Sample Questions
5 sample questions with answers and explanations. The full bank has 1,299 questions, enough for 25 full-length practice exams.
Preview — answers shown1. Metropolitan Bank is configuring year-end close settings. They want previous Opening transactions from prior year-end closes to be deleted when running year-end close again for the same fiscal year. Which parameter controls this behavior?
AVoucher number must be filled in
BDelete close of year transactions
CSet fiscal year status to permanently closed
DCreate closing transactions during transfer
Explanation
The Delete close of year transactions option specifies whether the system-generated Opening transaction from a previous year-end close should be deleted when the year-end close is run again. If set to Yes, the previous Opening transaction is deleted and a new Opening transaction is created based on current balances. If set to No, the previous Opening transaction remains and an additional Opening transaction is created to move forward balances from adjusting transactions posted after the previous close. Create closing transactions during transfer controls whether closing entries are created. Set fiscal year status to permanently closed prevents reopening the year. Voucher number must be filled in controls voucher number requirements. The Delete close of year transactions option is specifically for controlling whether prior Opening transactions are removed when rerunning year-end close.
2. Meridian Financial Services wants to reduce the total cost of ownership for their invoicing processes by implementing electronic invoicing. The CFO wants to understand cost benefits. You need to explain e-invoicing cost advantages. What cost benefits should you highlight?
ACustom development provides better cost efficiency than the e-invoicing service
BElectronic invoicing reduces total cost of ownership through shortened implementation cycles, simplified configurations, easy reuse across companies, and reduced operational costs compared to custom solutions
CE-invoicing requires larger IT staff to maintain
DElectronic invoicing increases costs due to service subscription fees
Explanation
Electronic invoicing service provides the cost reduction benefits described in the training material. Reduced total cost of ownership comes from shorter implementation cycles using pre-built configurations rather than custom development, simplified configuration that business users can adjust without developers, easy reuse of configurations across multiple companies in your organization, and lower operational costs from standardized processes. For example, implementing e-invoicing in five countries might cost 500,000 dollars and take 12 months with custom development, but only 100,000 dollars and 3 months using the e-invoicing service with configuration. While there are service subscription fees, total cost is lower than custom development and maintenance. The service reduces IT staff needs rather than increasing them through simplified configuration. Custom development has higher costs through longer implementation, ongoing maintenance, and difficulty adapting to changing requirements. Electronic invoicing service provides significant cost advantages over custom approaches.
3. Quantum Corp has a centralized accounting department that processes transactions for multiple legal entities. When the accounts payable team processes a vendor invoice in Legal Entity A, they need it to automatically create corresponding entries in Legal Entity B. What functionality enables this?
AConsolidation
BFinancial reporting
CIntercompany accounting
DAllocation rules
Explanation
Intercompany accounting is the correct functionality for this requirement.[1] Intercompany accounting is used when accounting processes are centralized for subsidiary or branch offices, and it allows creating a single entry that posts to multiple companies.[2] When intercompany accounting is used in daily journals in Dynamics 365 Finance, a transaction posted in one company will cause related transactions to post automatically in another company.[3] This scenario can be used for various situations including daily journals, vendor invoice journals, ledger allocations, and centralized payments.[4] To enable intercompany accounting, you must first create necessary main accounts in the chart of accounts for both Due To and Due From accounts in both the originating and destination legal entities.[5] Then you set up journal names and configure the posting relationship between companies using the create reciprocal relation function.[6] Consolidation is used to combine financial results from multiple subsidiaries into a single consolidated organization for reporting purposes, but it does not create automatic posting during transaction entry. Financial reporting generates reports across entities but does not create transactions. Allocation rules distribute amounts across dimensions or accounts but do not handle cross-entity posting. Intercompany accounting provides the real-time, automatic cross-entity posting required when a centralized department processes transactions for multiple legal entities.[7]
4. Alpine Technologies is planning their year-end close process. They know that closing activities typically start in early January but relate to the December fiscal year end. When creating a calendar for period close, what is the recommended approach regarding the calendar end date?
ASet the calendar to end on the last day of the current fiscal year
BCalendars are automatically generated and cannot be customized
CCreate a calendar with an end date far into the future to use for multiple years
DCreate a separate calendar for each fiscal year
Explanation
It is recommended to create a calendar with an end date far into the future because closing a period or fiscal year rarely occurs on the last day of that period or year. The last period close and year-end close happen in the next fiscal year. By creating a calendar that runs for years, you can use the same calendar for both period close and fiscal year closing tasks across multiple years, reducing administrative maintenance. Creating separate calendars for each fiscal year would create unnecessary administrative overhead. Setting the calendar to end on the fiscal year end would not accommodate the reality that close activities occur after period end. Calendars must be manually configured; they are not automatically generated. Creating long-running calendars is a best practice that accommodates the typical timing of period close activities.
5. A multinational electronics firm operates three separate legal entities in Dynamics 365 Finance. The CFO wants to implement netting across these legal entities to manage balances between customers and vendors that span different subsidiaries. Before creating intercompany netting agreements, what configuration step must be completed in the system?
AMerge the chart of accounts across all legal entities into a single shared structure
BCreate a master legal entity that controls all netting transactions
CConfigure consolidated financial statements for all legal entities involved
DEnable the Allow intercompany netting parameter in Cash and bank management parameters
Explanation
Before you can create netting agreements that span multiple legal entities, you must enable intercompany netting by navigating to Cash and bank management, then Setup, then Cash and bank management parameters, and selecting the Allow intercompany netting option. This parameter acts as a master switch that unlocks the functionality to create netting agreements across legal entity boundaries. Without enabling this setting, the system will not allow you to select different legal entities when defining customer-vendor pairs in netting agreements. The first option is incorrect because consolidated financial statements are related to financial reporting across legal entities, not to netting functionality. While both features deal with multiple legal entities, they serve different purposes. Consolidation combines financial results for reporting, while netting offsets balances for settlement. Enabling consolidation does not enable intercompany netting. The third option is incorrect because Dynamics 365 Finance allows each legal entity to maintain its own chart of accounts. Merging charts of accounts is not required and is generally not recommended, as different legal entities often have different accounting requirements, currencies, or regulatory needs. Intercompany netting works with separate charts of accounts through proper intercompany posting setup. The fourth option is incorrect because intercompany netting does not require a master legal entity structure. Each netting agreement is created within a specific legal entity, and the system handles the cross-entity aspects through the intercompany posting setup. The agreement can exist in any legal entity that participates in the netting relationship.
More Microsoft Practice Exams
Microsoft Dynamics 365 Customer Service Functional Consultant (MB-230)
MB-230 · 565 questions
Microsoft Dynamics 365 Field Service Functional Consultant (MB-240)
MB-240 · 755 questions
Microsoft Dynamics 365: Finance and Operations Apps Developer (MB-500)
MB-500 · 1002 questions
Microsoft Dynamics 365: Finance and Operations Apps Solution Architect (MB-700)
MB-700 · 1076 questions
Microsoft Dynamics 365 Fundamentals (CRM) (MB-910)
MB-910 · 421 questions
Microsoft Dynamics 365 Supply Chain Management Functional Consultant Expert (MB-335)
MB-335 · 2039 questions
$17.99
One-time access to this exam
1,299 questions (25 practice exams' worth)
Unlimited timed exam simulations
Yours forever — no subscription
Detailed explanations
Free preview stays available