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. Eclipse Automotive wants to implement ledger settlement to track which revenue entries have been matched with their corresponding cost of goods sold entries for gross margin analysis. The controller needs to identify unsettled revenue entries that may indicate missing cost postings. You need to configure ledger settlement for revenue and cost matching. What should you configure?
ADisable ledger settlement and rely on account balance reporting only
BDelete cost entries when they match revenue entries to net the accounts
CCreate only net entries that combine revenue and cost without separate postings
DConfigure revenue and cost of goods sold accounts as eligible for ledger settlement, create settlement matching rules based on transaction references or financial dimensions, and process settlements to mark matched entries
Explanation
Configuring ledger settlement for revenue and cost accounts provides systematic matching capability. You define which accounts are eligible for settlement and create matching rules, such as matching based on sales order number or invoice number in transaction references. When you process settlement, the system marks matched revenue and cost entries as settled together. Unsettled revenue entries indicate potential missing cost postings that need investigation. For example, if invoice 12345 has revenue posted but no cost posting, it remains unsettled and appears on exception reports. Deleting entries when they match removes the audit trail and violates accounting principles. Net entries that combine revenue and cost do not provide the detailed visibility needed for analysis and troubleshooting. Disabling settlement eliminates the matching visibility and makes it difficult to identify incomplete transaction pairs. Ledger settlement provides the matching and exception identification capabilities needed while preserving complete transaction history.
2. A financial services firm is revising its credit management approach to better handle credit risk with diverse clientele. The risk manager wants credit limits that automatically adjust based on customer behavior and risk profiles. You need to recommend a dynamic credit management solution. What should you recommend?
ADiscontinue risk scoring to simplify credit management processes
BManually adjust credit limits for all customers on an annual basis
CCreate risk scoring groups and configure automatic credit limit rules that adjust limits based on customer risk scores
DSet a universal credit limit for all customers to streamline processing
Explanation
Creating risk scoring groups and configuring automatic credit limit rules provides a dynamic, systematic approach to credit management. Risk scoring considers factors like payment history, financial strength, and industry risk. For example, you might have a high-risk group where customers get 5,000 dollar credit limits, a medium-risk group with 25,000 dollar limits, and a low-risk group with 100,000 dollar limits. As a customer's payment behavior improves or deteriorates, their risk score changes and their credit limit automatically adjusts accordingly, protecting your company from loss while supporting good customers. Discontinuing risk scoring removes the analytical foundation for credit decisions and exposes you to unnecessary risk. Manual annual adjustments do not respond quickly enough to changing customer circumstances. A universal credit limit either extends too much credit to risky customers or restricts good customers unnecessarily. The automatic credit limit rules based on risk scoring provide both protection and responsiveness to customer behavior changes.
3. Cascade Manufacturing creates budget register entries through multiple methods including manual entry, Excel import, and Data management. After reviewing their budget statistics, they notice some budget entries are showing incorrect balances. They need to create a corrected budget entry but find that the original completed entry cannot be edited. What should they do?
ARequest system administrator to unlock the completed entry for editing
BDelete the original entry and recreate it with correct amounts
CCreate a new budget register entry with Revision budget type to adjust the amounts
DChange the status of the original entry back to Draft to enable editing
Explanation
Cascade should create a new budget register entry with Revision budget type to correct the amounts rather than editing the completed entry. Once you update budget balances on a budget register entry, the status changes to Completed, and you cannot reopen the completed entry for edits. This is a fundamental control in the system to maintain an audit trail of budget changes. When adjustments are needed, you must create a new budget register entry instead of correcting data in the completed entry. The Revision budget type is specifically designed for adjusting existing budget amounts, providing a clear audit trail showing the original budget and subsequent adjustments. Completed budget register entries cannot be changed back to Draft status; the system prevents this to maintain data integrity. Deleting completed entries would eliminate the audit trail and is not possible once balances are updated. System administrators cannot unlock completed entries as this is a design constraint, not a permission limitation.
4. Margie's Travel needs to recalculate risk scores for all customers after updating the risk scoring group definitions. How frequently should risk scores be updated to ensure credit management decisions are based on current information?
ARisk scores only update when creating credit limit adjustments
BRisk scores update automatically in real-time
CRisk scores must be manually updated by running the Update risk scores periodic task
DRisk scores update automatically each night during system maintenance
Explanation
Risk scores do not update automatically; they must be manually updated by running the Update risk scores periodic task. This job recalculates the risk score for customers based on the current scoring group definitions and customer data. You should run this task regularly to ensure credit management decisions, automatic credit limits, and blocking rules are based on current risk assessments. You can schedule this as a batch job to run periodically (daily, weekly, etc.) or run it manually when needed. Access the task from Credit and collections > Inquiries and reports > Credit management > Update risk scores. Risk scores do not update in real-time; they require the periodic task to be executed. There is no automatic nightly update; the task must be manually scheduled or run. Risk scores are calculated by the Update risk scores task independently of credit limit adjustments; adjustments may use the scores but do not trigger score updates.
5. BlueSky Corporation receives a check from a customer that is returned by the bank marked as NSF (non-sufficient funds) because the customer's account lacked sufficient funds. The accounting team needs to identify and process this returned payment. What is the purpose of creating an NSF transaction type in bank transaction types?
ATo create a new invoice for the customer
BTo charge additional fees to customers
CTo adjust the general ledger balance
DTo automatically cancel the payment and mark it for exclusion from bank reconciliation
Explanation
You need to create one transaction type specifically for NSF (non-sufficient funds) transactions. NSF transactions occur when a check is returned from the bank because the account lacks sufficient funds. NSF is used to identify returned payments. When the bank returns a payment, the NSF identifier automatically cancels the payment from the system and marks it so that it is not selected when you reconcile the bank account. NSF transactions also assist credit and collections users in recording the NSF and applying additional fees charged by the bank. While NSF transactions can trigger fee application, the primary purpose of the NSF transaction type is automatic cancellation and marking. Creating new invoices and adjusting ledger balances are separate processes. The NSF transaction type's main purpose is to automatically handle returned payments in the system, ensuring they are properly canceled and excluded from reconciliation processes.
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