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Microsoft MB-310 : Microsoft Dynamics 365 for Finance and Operations- Financials (beta) Exam

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Test Number : MB-310
Test Name : Microsoft Dynamics 365 for Finance and Operations- Financials (beta)
Vendor Name : Microsoft
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MB-310 test Format | MB-310 Course Contents | MB-310 Course Outline | MB-310 test Syllabus | MB-310 test Objectives

Set up and configure financial management (35-40%)
Manage and apply common processes (20-25%)
Implement and manage accounts payable and receivable (20-25%)
Manage budgeting and fixed assets (15-20%)

Set up and configure financial management (35-40%)
Implement and configure financial modules
� configure and apply accrual schemes
� configure cash flow reports
� configure the letter of credit and letter of ensure templates
� set up intercompany accounting
� create and configure account structures
� configure other modules including cash and bank management and budgeting, credit and collections, audit workbench, and consolidations
� implement posting definitions
Implement and test cost and allocation policies
� implement cost accounting processes
� implement inventory costing versions
� implement item groups
� create and process Ledger allocation rules
� demonstrate use of cost accounting terminology
� construct fiscal calendars, years, and periods
Perform periodic processes
� configure financial period close
� define and demonstrate periodic closing processes and end-of-year processes
� demonstrate regional tax reporting capabilities
� perform bank reconciliation
� perform financial consolidation
� create a cost accounting report by using the cost accounting Report Wizard
� allocate funds by using Accounting distributions
Configure, collect, and report taxes
� configure tax components
� implement and test end-of-year tax reporting
� prepare periodic filings

Manage and apply common processes (20-25%)
Define and configure the account structure
� demonstrate the advanced ledger entries functionality
� set up derived financial hierarchies
� demonstrate financial consolidation and elimination processes
� set up funds
� define and configure the main account
� define and configure the financial dimensions and dimension sets
� perform financial statements
� perform tracking of posted transactions
Implement regulatory and localization features and manage currencies
� set up legal entity currencies and conversions
� configure currency exchange rate providers
� implement foreign currency revaluation processes
� determine which regulatory and localization features to apply to a given scenario
Implement and manage journals
� identify the different types of journals available and their setup
� set up journal controls
� configure the journal posting restriction rules
� configure approval processes by using workflows
� create voucher templates
� perform daily procedures using journals

Implement and manage accounts payable and receivable (20-25%)
Implement and manage Accounts receivable
� set up customer posting profiles
� manage delinquent customers
� configure billing codes for free text invoices, process orders, invoices, and payments
� configure and process credit and collection
� configure customer payment setup
� prepare and send customer account statements
� configure accounts receivable charges
Implement and manage Accounts payable
� configure invoice validation policies
� set up vendor posting profile, process orders, invoices, and payments
� configure the Vendor collaboration module
� configure vendor payments
� configure accounts payable charges

Manage budgeting and fixed assets (15-20%)
Configure and manage Budgeting processes
� configure budgeting components
� create a budget plan template
� create a budget plan by using the budget plan wizard
� perform the budget planning process
� configure budget controls
� create and demonstrate registry entries
� implement budget workflows
Implement and manage fixed assets
� create fixed assets and fixed assets groups
� configure fixed asset parameters
� identify when to enable integration with purchasing and sales module
� perform acquisition, depreciation, and disposal of fixed assets

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