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Step 3: Locate and gather the right preparation resources

Finding and gathering the right resources is critical in any preparation process because it allows the candidates to have a deep understanding of each domain. You can go for the following options:

  • Microsoft Training Programs: Microsoft offers two ways to prepare, which include paid instructor-led training courses and free online training paths. There are exam questions at the end of every module of online training.
  • Books: They have always been around from the beginning of the study life cycles. They are still the most useful learning resources when it comes to preparing for any certification exam. Some of the top picks include the following guides:
    • Microsoft Dynamics 365 for Finance & Operations: Learn & Understand the Functionality of the Microsoft Enterprise Solution (Andreas Luszczak);
    • Implementing Microsoft Dynamics 365 for Finance & Operations: Implement Methodology, Integration, and Data Migration (Rahul Mohta);
    • Implementing Microsoft Dynamics 365 for Finance & Operations Apps (JJ Yadav).

Reference: https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310

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The MB-310 exam is based on a number of topics, which are divided further into several other subtopics. Basically, the test is comprised of the following 4 domains:

  • Implementing Revenue Recognition, Accounts Receivable, Collections, and Credit (20-25%): This section includes the topics related to the management and implementation of the accounts receivable, configuration of revenue recognition, and management of collections and credit;
  • Implementing and Managing Accounts Expenses and Payable (10-15%): The second domain focuses on the implementation and management of the accounts payable. Besides that, it includes the concepts such as configuration and usage of the expense management;
  • Setting Up and Configuring Financial Management (50-55%): The first subject area of this exam revolves around the concepts of configuring currencies and ledgers, implementing journals and managing them, as well as performing periodic processes. Other concepts include implementing and managing bank and cash. Furthermore, it includes the configuration of the chart of accounts and configuration, collection, and reporting of taxes;
  • Managing Budgeting and Fixed Assets (10-15%): The last area comes with the implementation and management of the fixed assets and configuration and management of the budgeting processes.

Step 6: Enjoy self-evaluation time

The last step of any successful preparation process involves self-evaluation. Take several practice tests so that you can diversify your study strategy in order to ensure the best results. When you analyze your answers, you will be able to find out what areas you should still give special attention to. Taking practice tests will also help you become aware of your alignment with the objectives of the actual exam.

Microsoft MB-310 Exam Syllabus Topics:

SectionWeightObjectives
Manage budgeting10–15%- Perform budget forecasting and analysis
- Create and revise budget plans
- Allocate and control budgets
- Configure budgeting parameters and dimensions
Manage fixed assets10–15%- Perform fixed asset reporting and inquiries
- Configure fixed assets parameters and groups
- Acquire, depreciate, and dispose of fixed assets
- Manage asset leasing and valuation
Implement financial management40–45%- Manage general ledger journals and transactions
- Configure financial dimensions
  • 1. Set up dimension security and default values
  • 2. Define dimension structures and rules
- Design and configure chart of accounts
  • 1. Set up ledger account aliases and control accounts
  • 2. Configure main accounts and categories
- Manage currencies and exchange rates
  • 1. Configure currency types and exchange rate providers
  • 2. Process foreign currency revaluation
- Implement financial closing processes
- Configure financial reporting and inquiries
- Configure fiscal calendars and periods
Manage cash, bank, tax, and cost accounting- Configure bank management and reconciliation
- Set up tax calculation and reporting
- Configure consolidation and elimination processes
- Implement cost accounting and cost management
Implement accounts receivable, credit, collections, and subscription billing15–20%- Set up collections processes and workflows
- Configure credit management and limits
- Manage customers and customer transactions
- Implement subscription billing and revenue recognition
- Configure accounts receivable parameters and profiles
  • 1. Set up customer groups and posting profiles
  • 2. Define payment terms and methods
Implement and manage accounts payable and expenses10–15%- Configure accounts payable parameters and profiles
  • 1. Define invoice matching and validation policies
  • 2. Set up vendor groups and posting profiles
- Process invoices, payments, and prepayments
- Manage vendors and vendor transactions
- Configure expense management and travel workflows

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