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. Trey Research wants to configure auto charges that will be applied to the sales order header rather than to individual lines. When setting up the auto charge, what should be selected in the Level field?
ASummary
BLine
CHeader
DBoth
Explanation
The Level field in the Auto charges configuration determines whether charges are applied to the order header or to individual order lines. Selecting Header means the charge will be applied once per order at the header level, regardless of how many lines the order contains. This is appropriate for charges like delivery fees or order processing fees that apply to the entire order. Header-level charges appear in the header section of the sales order and are not broken down by line item. Selecting Line would apply the charge to individual order lines, which means the charge could be applied multiple times per order depending on the number of lines. Both is not a valid option in the Level field; you must choose either Header or Line. Summary is not a valid option in the Level field for auto charges configuration.
2. Fabrikam Electronics needs to set up a payment schedule where each installment is exactly USD 5,000, regardless of the invoice total amount. Which allocation method should they configure?
AFixed quantity
BFixed amount
CSpecified
DTotal
Explanation
Fixed amount is the correct allocation method when you want each installment to be a specific dollar amount. When Fixed amount is selected, you enter the fixed payment amount in the Amount in transaction currency field on the General FastTab. The system will create as many installments as needed to pay the full invoice amount at that fixed amount per payment. For example, a USD 25,000 invoice with a USD 5,000 fixed amount would result in five equal installments of USD 5,000 each. This method is useful when payment amounts are predetermined by contract or agreement. Total allocation pays the entire amount at once, not in installments. Fixed quantity divides the total into a specified number of payments, but the system calculates the amount; you do not specify the fixed dollar amount per payment. Specified requires manual entry of each payment line, which is unnecessary when all payments are the same fixed amount.
3. Margie's Travel is configuring methods of payment for vendors. They want to create one combined payment for all invoices from the same vendor that are due on the same date. Which Period option should they select?
AWeek
BTotal
CInvoice
DDate
Explanation
The Date period option combines payments for all invoices for vendors with the same due date into a single payment. When you generate a payment proposal or process automatic payments with the Date option selected, the system groups all invoices from a vendor that share the same due date and creates one payment transaction for that combined amount. This reduces the number of payment transactions and can simplify both your payment processing and vendor reconciliation, while still respecting due date requirements. Invoice creates one separate payment transfer for each individual invoice, resulting in multiple payments even for the same vendor. Week combines payments for all invoices with due dates within the same week, but Date is more precise for grouping by exact due date. Total combines all invoices from the vendor into one payment regardless of due dates, which might result in paying some invoices too early.
4. Quantum Enterprises wants to create a process automation for cash flow forecasting. When setting up the Schedule type, which option should they select?
ACash flow forecast automation
BFinancial calculation
CPeriodic task
DBatch job automation
Explanation
When creating a new process automation for cash flow forecasting, you select Cash flow forecast automation as the Schedule type, then select the company you want to recalculate. If this option is not available in the Schedule type list, you may need to select Initialize process automations to set up default process automations, or turn on the Cash flow forecast automation feature in Feature management. Batch job automation and Periodic task are not the specific schedule type names. Financial calculation is not a schedule type. Cash flow forecast automation is the specific schedule type that must be selected when creating process automation for cash flow forecasting, enabling the automated recalculation of cash forecasts on a defined schedule.
5. Fabrikam Electronics has several vendors that have become inactive. They want to prevent these vendors from being automatically placed on hold due to inactivity. Which On hold type should be selected for these vendors?
ANever
BRequisition
CNo
DInvoice
Explanation
The Never hold type specifically prevents vendors from being put on hold automatically for inactivity. When you select Never, the system will not apply automatic holds to the vendor based on lack of transactions over time. This is useful for vendors you want to keep in the system as active even if they are used infrequently, such as specialty suppliers or emergency backup vendors. The vendor remains available for transactions without automatic hold restrictions. No means there are currently no holds, but the vendor could still be automatically held for inactivity in the future. Invoice hold prevents invoice creation but does not prevent automatic inactivity holds. Requisition hold prevents purchase requisitions from being created but does not prevent automatic inactivity holds.
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