Microsoft · MB-310
Microsoft Dynamics 365 Finance Functional Consultant (MB-310) Practice Test
Validates ability to implement and configure financial management, accounts payable and receivable, budgeting, and fixed assets in Dynamics 365 Finance.
Exam Details
Questions
1299
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. Start a practice session to test yourself across all 1299 questions.
Preview — answers shown1. Summit Trading Company uses Dynamics 365 Finance to manage their sales operations across multiple countries. The company needs to ensure accurate sales tax calculations as tax rates change regularly in their operating regions. The finance manager wants to understand how the system determines which tax rate to apply when multiple rates have been effective during different time periods. What configuration in the sales tax code setup determines which tax rate applies to a specific transaction?
AThe settlement period configuration specifies which rate applies during each period
BThe sales tax group assignment to the customer determines which rate version applies
CThe posting date of the transaction automatically determines the applicable rate
DThe tax calculation date setting determines which date to use for selecting the correct rate from the values table
Explanation
The tax calculation date setting in the sales tax code configuration determines which date the system uses to select the appropriate tax rate from the values table. In Dynamics 365 Finance, you can configure four different date options for tax rate determination: delivery date, invoice date, document date, and packing slip date. The system uses the date you specify to look up which tax rate was effective on that date in the sales tax code values table. This is important because numerous countries and regions experience regular adjustments in tax rates, and the system must accurately apply the rate that was in effect on the relevant date. The posting date alone does not automatically determine which rate applies - you must configure which date type to use through the tax calculation date setting. The settlement period defines when taxes are reported and paid to authorities, not which rate applies to individual transactions. The sales tax group assignment to customers determines which tax codes apply, but not which rate version - the rate version is determined by the tax calculation date and the effective date ranges in the values table. The key is the explicit configuration of the tax calculation date in the sales tax code setup.
2. Quantum Systems posts an intercompany journal and wants to trace the related transaction in the destination company. What feature allows viewing the voucher that was created in the destination company?
ARelated voucher button
BAudit trail search
CTrial balance drill-down
DCross-company inquiry
Explanation
After an intercompany journal is posted, you can view the voucher and select the Related voucher button to see the voucher that was created for the destination company. This feature provides easy navigation between the related intercompany entries without needing to manually switch companies and search for the corresponding voucher. The Related voucher button creates a direct link between the originating and destination transactions. Trial balance drill-down shows account balances and transactions but doesn't provide the specific intercompany relationship link. While Audit trail can be used to find transactions, the Related voucher button provides more direct access. Cross-company inquiry is not the specific feature name for linking related intercompany vouchers. The Related voucher button is the purpose-built feature for tracing intercompany entries between companies.
3. DataCorp wants to implement payment summarization. In addition to enabling the feature in Feature management, what else must be configured in Cash and bank management parameters?
AA unique number sequence for Bank transaction summarization ID
BPayment method defaults
CDefault currency for summarization
DBank reconciliation method
Explanation
In addition to enabling the feature, you need to specify a unique number sequence for summarized bank transactions on the Number sequences tab of Cash and bank management parameters. This number sequence is used to generate the Bank transaction summarization ID, which identifies each summarized transaction. Each detail transaction links to the summarized transaction through this identifier. Bank reconciliation method is not a required parameter for summarization. Payment method defaults are journal-level settings. Default currency is not a summarization prerequisite. The unique number sequence for Bank transaction summarization ID is an essential configuration that provides unique identifiers for grouping detailed payments under summarized bank transactions.
4. Westside Corporation is setting up sales tax groups and item sales tax groups. The tax manager needs to understand how these groups work together. For a specific transaction, when will sales tax be calculated?
AWhen neither group is assigned
BWhen only an item sales tax group is assigned
CWhen only a sales tax group is assigned
DWhen both a sales tax group and item sales tax group are assigned
Explanation
Sales tax can be calculated only when both a sales tax group and an item sales tax group are assigned to a transaction.[1] Sales tax groups are groups of sales tax codes that are attached to customers and vendors, and also to ledger accounts for transactions not posted to a particular vendor or customer.[2] Item sales tax groups are groups of sales tax codes attached to resources like products, and also to ledger accounts for transactions not posted to a particular product, item, or service.[3] The sales tax that applies to a particular transaction is determined by the sales tax codes that are included in both the sales tax group AND the item sales tax group for the transaction.[4] This two-group system creates a matrix approach where the intersection of sales tax group and item sales tax group determines which specific tax codes apply.[5] This design allows flexibility because different customers might be subject to different taxes based on their location or tax status shown in the sales tax group, while different products might be taxed differently based on their nature shown in the item sales tax group.[6] If only one group is assigned, the system cannot determine which tax codes should apply because it needs both the customer or vendor tax profile and the product tax profile. Having neither group assigned means no tax calculation can occur. The requirement for both groups ensures proper tax calculation based on who is involved in the transaction and what is being transacted.[7]
5. Quantum Enterprises uses main account categories for classification and analysis. The controller wants to use categories for financial cube development and KPI reporting. You need to explain primary uses for main account categories. What should you tell them?
AMain account categories control depreciation calculation for related accounts
BCategories determine which users can post to specific accounts
CMain account categories are used exclusively for tax reporting purposes
DMain account categories are primarily used for grouping or selecting ledger accounts for Cubes and key performance indicators, in addition to standard financial reporting
Explanation
Main account categories support cubes and KPIs as stated in the training material. You use main account categories to classify general ledger accounts better. Primarily, you would use main account categories for grouping or selecting ledger accounts for Cubes and key performance indicators (KPIs). For example, you might create a Current Assets category that includes cash, accounts receivable, and inventory accounts. This category can then be used in a KPI calculation for current ratio (current assets divided by current liabilities) or in cube analysis for liquidity management. Categories are not exclusively for tax reporting but for general financial classification and analysis. Categories do not control user posting access, which is managed through security and validation settings. Categories do not control depreciation, which is managed by fixed asset books and profiles. Main account categories provide classification for reporting, cubes, and KPI analysis.
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