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This validation comprises about 40 to 60 questions in total and 3 hours will be given to complete all of them. Following are some question formats that are used generally by the vendor when it comes to the official tests:
To mention the registration process briefly, as the first step you are required to log into your account at Pearson VUE and then choose the relevant section. Next, enter the exam code and complete your registration by following the notifications. Note that Microsoft offers this MB-310 test in English for $165.
Reference: https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310
The candidates for this certification exam are Functional Consultants. These specialists analyze the business prerequisites and translate the same into completely realized business procedures and solutions that utilize industry best practices. These professionals function as a core resource in the implementation and configuration of applications that fulfill the business requirements.
The Microsoft MB-310 exam does not have any official prerequisites. However, the test takers must have a basic understanding and knowledge of financial operations and accounting principles, including accounts receivables and accounts payables, costing principles, budgeting, taxes, and fixed assets.
| Topic | Details |
|---|---|
Set up and configure financial management (40-45%) | |
| Define and configure the chart of accounts | - define and configure the chart of accounts and main accounts - describe use cases for main accounts categories, ledger account aliases, and balance control accounts - configure financial dimensions and dimension sets - configure legal entity overrides for financial dimensions and main accounts - create and configure account structures and advanced rules |
| Configure ledgers and currencies | - construct fiscal calendars, years, and periods - configure the ledger - describe and configure batch transfer rules - set up currencies and conversions for a legal entity - manually enter currency exchange rates |
| Implement and manage journals | - describe options for implementing voucher numbers in journals - configure journal names - set up journal controls and posting restriction rules - describe and configure journal approvals - create voucher templates - describe use cases for periodic journals - configure and apply accrual schemes - set up intercompany accounting - create templates to edit journals in Microsoft Excel - perform reverse entries |
| Implement and manage cash and bank | - create and maintain bank groups and bank accounts - describe and configure electronic payment formats - configure and process bank reconciliations including advanced bank reconciliations - configure cash flow reports |
| Implement cost accounting and cost management | - describe cost accounting processes and terms - configure cost accounting processes - create a cost accounting report by using the cost accounting report wizard - describe and configure the costing sheet and indirect costs - configure cost objects and cost groups - implement inventory costing versions - differentiate between inventory costing methodologies - configure item groups and posting profiles - perform inventory closing and adjustment processes |
| Perform periodic processes | - configure a financial period workspace and closing schedule - define and demonstrate periodic closing processes and end-of-year processes - perform financial consolidation and elimination processes - configure allocation terms for a main account - create and process ledger allocation rules - implement foreign currency revaluation processes - create and manage financial reports including modifying row, column, and report definitions |
| Configure, collect, and report taxes | - configure tax groups, tax codes, settlement periods, and jurisdiction - configure tax ledger posting groups - prepare periodic filings including end-of-year tax reporting |
Implement accounts receivable, credit, collections, and revenue recognition (15-20%) | |
| Implement and manage accounts receivable | - set up customers and customer posting profiles - configure and process free text invoices - process orders, invoices, and payments - configure customer payment setup - configure accounts receivable charges - configure bank accounts for customers - manage customer holds |
| Manage credit and collections | - configure credit management processes - configure collections management processes - manage delinquent customers - prepare and send customer account statements - manage customer credit limits and credit holds - set up and process collection letters and interest notes |
| Configure revenue recognition | - configure journals and parameters for revenue recognition - implement revenue schedules - enter and process revenue recognition transactions |
Implement and manage accounts payable and expenses (10-15%) | |
| Implement and manage accounts payable | - configure invoice validation policies - set up vendors and vendor posting profiles - process orders, invoices, and payments - configure the vendor collaboration module - configure vendor payments including positive pay and payment calendars - configure accounts payable charges - configure bank accounts for vendors - configure accounts payable journal approval settings |
| Configure and use expense management | - configure expense management including categories, per diem options, mileage expenses, and personal expenses - configure workflows for expense management - describe use cases for expense management policies and the audit workbench - describe and configure credit card processing - manage expense reports - configure and manage cash advance settings - create and manage travel requisitions |
Manage budgeting (10-15%) | |
| Configure and manage budget controls | - configure budgeting components including budget models, codes, allocation terms, cycles, and transfer rules - configure budget controls including cycle time spans, budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions - create and configure registry entries - implement budget workflows - perform budget checks on documents and journals |
| Configure and process budget plans | - define a budget planning process - plan a budget - create a budget plan by using scenarios, stages, allocation stages, stage allocations, and templates - create a budget plan template |
Manage fixed assets (10-15 %) | |
| Implement and manage fixed assets | - create fixed assets and fixed assets groups - configure fixed asset parameters - describe fixed asset books and depreciation processes - configure fixed asset books - configure depreciation |
| Process fixed asset transactions | - enable integration with purchasing, projects, and free text invoices - acquire, depreciate, and dispose of fixed assets - create fixed asset budgets and transfer the budgets to the budgeting module - estimate and perform an elimination of a project to a fixed asset |
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