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. Woodgrove Financial wants to prevent users from posting a customer invoice until a specific future date, but they want to allow users to create and save the invoice before that date. How should they implement this control?
ASet the invoice date to the future date
BConfigure posting restrictions by user role
CUse workflow approvals with date-based routing
DEnter a release date on the transaction to put it on hold
Explanation
Entering a release date on a transaction puts it on hold and prevents posting until that date occurs. Users can create, edit, and save transactions that are on hold, but they cannot post them until the release date is reached. The system prevents posting until midnight on the release date based on the time zone of the user who set the release date. This functionality provides flexible data entry while maintaining control over when transactions can be finalized. Workflow approvals control who can approve transactions, not when they can be posted based on dates. Setting the invoice date to a future date would not prevent posting; it would just give the invoice a future accounting date. Posting restrictions by user role control who can post, not when transactions can be posted based on specific dates.
2. Quantum Distribution imports high-volume journal entries with many lines using the Data management framework. The finance manager wants to improve import performance. You need to recommend a performance enhancement. What should you recommend?
AReduce the number of financial dimensions to improve performance
BFinancial dimension service cannot improve import performance
CImport journals manually instead of using data management
DEnable the Financial dimension service feature which provides improved performance for importing journals with 500 or more lines
Explanation
The Financial dimension service provides import performance improvement as described in the training material. The Financial dimension service add-in is available in Lifecycle Services and provides improved performance when you use the Data management framework to import journals with many lines. The service works on imported journals with 500 lines or more, running in parallel to data import and processing dimension combinations. For example, importing a journal with 2,000 lines might complete in 5 minutes with the service enabled versus 20 minutes without it. The financial dimension service specifically does improve import performance for qualifying scenarios. Reducing dimensions eliminates needed analytical capability. Manual import is slower than data management, not faster. The Financial dimension service provides significant performance improvement for high-volume journal imports.
3. Sterling Enterprises posts customer and vendor payments using separate vouchers for each invoice paid. Their bank provides only a single entry on the bank statement for all electronic payments each day. This creates difficulty matching bank statement lines. What feature can help match summarized bank statement entries with detailed payment vouchers?
AAdvanced bank reconciliation matching rules only
BBank transaction groups
CManual reconciliation only
DSummarized transactions feature for vendor and customer payments
Explanation
The summarized transactions feature for vendor and customer payments provides summarized bank transactions in the bank subledger that correspond to summarized entries on bank statements. When bank transactions are not summarized in the bank subledger, the process to reconcile the statement is manual for all summarized transactions in the bank statement. Many banks provide only a single entry for electronic payments each day, and you need a corresponding summarized transaction in Finance to match it efficiently. While manual reconciliation is possible, the summarized transactions feature automates this. Bank transaction groups are for reporting and analysis, not for creating summarized bank subledger entries. Advanced bank reconciliation matching rules help but work best with summarized transactions already in place. The summarized transactions feature specifically addresses the mismatch between detailed payment vouchers and summarized bank statement entries.
4. Tailwind Traders has configured aging period definitions with five periods: Current, 1-30 days, 31-60 days, 61-90 days, and over 90 days. Before collections personnel can view aging information on the Aged balances page, what must be created?
AAn aging snapshot
BCustomer pools
CCollection letter templates
DInterest notes
Explanation
An aging snapshot must be created before you can view aging information on the Aged balances page in the Collections module. The aging snapshot is a point-in-time calculation that analyzes customer balances according to the aging period definition. It contains aging snapshot headers and detail records for each aging period. You create aging snapshots by going to Credit and collections > Periodic tasks > Age customer balances. The snapshot can be created for all customers or for customers in a specific customer pool. Until a snapshot is generated, the Aged balances page will not display current aging information. Customer pools are optional groupings used to filter which customers are included in the aging snapshot, but the snapshot itself must still be created. Collection letter templates define the content of collection letters but are not required to view aging information. Interest notes are created when charging interest on overdue accounts but are not required to view basic aging information.
5. Northwind Traders wants to optimize system performance during their month-end inventory close process. Their inventory close typically takes several hours to process. What is the recommended best practice for scheduling inventory close?
ARun inventory close only at fiscal year-end
BRun inventory close multiple times throughout the month
CRun inventory close during off-peak hours to optimize system performance
DRun inventory close during peak business hours for immediate results
Explanation
The best practice is to run inventory close during off-peak hours to optimize system performance. Inventory close is a resource-intensive process that queues and processes all items with transactions during the period, performs cost settlements, makes adjustments, and updates the general ledger. Running this process during off-peak hours (such as overnight or on weekends) minimizes the impact on regular business operations and system performance. Users can continue working during business hours while the close process runs when system demand is lower, ensuring both efficiency and minimal business disruption. Running during peak business hours would degrade system performance for regular users and slow down the close process itself. Inventory close should be run at period end (typically monthly), not multiple times during the month; running it mid-period would not be meaningful. Inventory close should be performed at least monthly (or at each financial period end), not just at fiscal year-end, to ensure accurate interim financial reporting.
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