Microsoft Dynamics 365 Finance Functional Consultant (MB-310) Practice Test

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.

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 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.

• 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.

• 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.

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.