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Conclusion

Taking and passing the Microsoft MB-310 test is a step in the right direction for functional consultants seeking to learn and master the act of meeting business requirements. The Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification being globally recognized will prepare you to take more roles in the industry if you nail such a test. Also, this description has highlighted a few books you need to efficiently prepare for and clear the actual evaluation. Everything is in your hands now so do your best!

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Career Opportunities and Salaries

Through Microsoft, candidates are given the opportunity to improve their knowledge and expertise as functional consultants in the field of finance. This means that you can accelerate your career and fulfill your professional dreams after passing the Microsoft MB-300 & MB-310 exams. Since most of the enterprises are currently shifting their business processes on ERP software, a huge demand has been building up for certified specialists. Following job roles are available after you have gained the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate qualification:

  • Dynamics 365 F&O/AX Finance Consultant;
  • Dynamics 365 Finance and Operations Consultant.
  • Microsoft Dynamics 365 ERP Functional Lead;

The annual pay for a Microsoft Dynamics AX Consultant is slightly more than $75k as covered by Payscale. Also, the average annual pay for a Microsoft Dynamics Consultant is around $99k, according to Ziprecruiter.com.

Microsoft MB-310 Exam

Microsoft Dynamics 365 Finance is a certification exam that is conducted by Microsoft to validates Candidate knowledge and skills of Dynamics 365 Finance. Candidates for this exam are functional specialists who analyze business needs and translate them into fully performed business solutions and processes that implement industry best practices. Candidates are a key resource for deploying and configuring applications to meet the needs of the business.After passing this exam, Candidates get a certificate from Microsoft that helps them to demonstrate their proficiency in Microsoft Dynamics 365 to their clients and employers

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

Microsoft MB-310 Exam Syllabus Topics:

SectionWeightObjectives
Implement and Manage Fixed Assets10-15%- Configure Fixed Assets
  • 1. Set up fixed asset depreciation methods and conventions
  • 2. Configure fixed asset parameters and groups
  • 3. Configure fixed asset books and value models
  • 4. Implement fixed asset tracking and reporting
  • 5. Implement fixed asset acquisition, depreciation, and disposal
Implement and Manage General Ledger and Cost Accounting25-30%- Implement General Ledger
  • 1. Configure and process journal entries
  • 2. Implement periodic processes and allocations
  • 3. Configure and process financial consolidation
  • 4. Implement advanced ledger structures
  • 5. Configure and manage intercompany accounting
- Implement Cost Accounting
  • 1. Implement cost allocations and cost behavior
  • 2. Configure cost accounting module
  • 3. Create cost control units and cost groups
  • 4. Configure and process budget configurations
Implement and Manage Accounts Payable and Receivable25-30%- Implement Accounts Payable
  • 1. Configure charges and multi-lined invoice scenarios
  • 2. Configure accounts payable parameters and payment terms
  • 3. Implement and process vendor payments
  • 4. Set up vendors, vendor groups, and vendor posting profiles
  • 5. Implement invoice and payment workflows
- Implement Accounts Receivable
  • 1. Implement free text invoices and sales orders
  • 2. Implement and process customer payments
  • 3. Set up customers, customer groups, and customer posting profiles
  • 4. Configure and manage collection letters and interest
  • 5. Configure accounts receivable parameters and payment terms
Configure and Implement Core Financial Functions20-25%- Configure cash flow management
  • 1. Set up cash flow forecasts
  • 2. Implement petty cash and workflow for cash management
  • 3. Configure bank management and bank accounts
- Implement and manage financial structures
  • 1. Create and manage legal entities
  • 2. Set up ledgers, currencies, and exchange rates
  • 3. Configure fiscal calendars, fiscal years, and periods
  • 4. Implement financial dimensions and dimension sets
  • 5. Configure chart of accounts and account structures

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