MB-310T00: Manage Financial Operations with Dynamics 365 Finance Training

Get started with Dynamics 365 Finance

• The benefits of Dynamics 365 Finance.
• An overview of features in Finance.
• Lab: Explore Dynamics 365 Finance

Configure currencies in Dynamics 365 Finance

• Different types of currencies in Finance.
• The concept of triangulation currency.
• How to set up legal entity currencies and conversions.
• How to configure exchange rate providers.
• How to import exchange rates from providers.
• Lab: Import exchange rates

Create fiscal calendars, years, and periods in Dynamics 365 Finance

• Differentiate between ledger and fiscal calendars.
• Configure and set up fiscal calendars, years, and periods.
• Create and use date intervals.
• Lab: Work with the fiscal calendar, year, and periods

Get started with chart of accounts in Dynamics 365 Finance

• Plan your chart of accounts.
• Understand multiple chart of accounts if your organization plans to use multiple legal entities.
• Set up a chart of accounts.
• Lab: Create a new main account

Set up chart of accounts in Dynamics 365 Finance

• Main account categories
• Main account information
• Allocation terms
• Main account validation options
• Main account closing options
• How to create financial tags
• Lab: Create a main account category in the chart of accounts

Set up financial dimensions in Dynamics 365 Finance

• Importance of financial dimensions
• Financial dimension setup
• Creation of custom and entity-backed financial dimensions
• Default dimension values
• Analysis of derived dimensions
• How to set up financial dimension templates and sets
• Lab: Set up an account structure

Set up ledgers and journals in Dynamics 365 Finance

• Discover different types of journals and their setup.
• Learn about ledger and posting setup.
• Learn how to set up and use journals.
• Learn how to reverse journal posting.
• Learn how to set up batch transfer rules.
• Lab: configure ledger and journal setup
• Perform general ledger daily procedures in Dynamics 365 Finance
• General ledger processes.
• Balance control accounts.
• Journal controls.
• Voucher templates.
• Ledger settlements.
• Lab: Create and use a voucher template

Intercompany accounting in Dynamics 365 Finance

• Set up intercompany accounting
• Use intercompany accounting to post journals between two different legal entities
• Lab: Set up and use intercompany accounting

Configure ledger allocations and accruals in Dynamics 365 Finance

• Configure and use accruals
• Configure and use allocations
• Lab: Configure and use accrual schemes
• Lab: Configure and test ledger allocation rules

Configure and perform periodic processes in Dynamics 365 Finance

• Configure financial period close.
• Reconcile banks.
• Clear bridging payments.
• Perform periodic closing and year closing processes.
• Prepare periodic filings.
• Run foreign currency revaluation processes.
• Perform financial consolidation and elimination processes.
• Process end of year tax reporting.
• Lab: Perform year-end close and a consolidation

Work with analytics and reporting in finance and operations apps

• Different types of reports and inquiries in finance and operations apps
• Financial reporting
• Configuring finance and operations apps for Microsoft Power Platform
• Generating and consuming inquiries and reports
• Lab: Work with reports

Configure cash and bank management in Dynamics 365 Finance

• Create and configure banks.
• Create and configure bank layouts.
• Configure cash and bank management parameters.
• Set up vendor and customer banks.
• Configure cash flow forecasts and reports.
• Use process automation to schedule updates for cash flow forecasts.
• Summarize vendor and customer payments in bank transactions.
• Lab: Work with cash and bank management

Set up taxes in Dynamics 365 Finance

• Configure ledger posting groups.
• Create sales tax authorities.
• Configure sales tax settlement periods.
• Create sales tax codes.
• Configure sales tax groups and item sales tax groups.
• Lab: Set up sales tax authorities
• Lab: Set up sales tax settlement periods
• Lab: Set up sales tax codes and sales tax groups

Work with taxes in Dynamics 365 Finance

• Withholding taxes
• Sales tax exemptions
• Conditional sales tax
• Analysis of sales tax on transactions
• How to set up sales tax reporting codes and withholding tax
• How to prepare periodic filling

Lab: Set up sales tax reporting codes and withholding tax

Set up accounts receivable in Dynamics 365 Finance

• Set up Accounts receivable components.
• Create and maintain a customer.
• Set up customer payments.
• Set up payment calendars and calendar rules.
• Set up customer posting profiles.
• Set up accounts receivable charges.
• Lab: Configure customer posting profiles and create a new customer

Get started with accounts receivable daily procedures in Dynamics 365 Finance

• Create free text invoices and record customer payments.
• Distribute funds by using accounting distributions.
• Configure recurring invoices.
• Use reversals in Accounts receivable.
• Settle transactions.
• Reimburse a customer.
• Lab: Create and process a free text invoice
• Lab: Work with invoices from sales orders
• Lab: Process an invoice and settle it against a payment

Set up credit and collections in Dynamics 365 Finance

• Configure credit and collections components.
• Configure aging reports, customer pools, collection agents, and aging period definitions.
• Set up and manage interests.
• Set up and manage collection letters.
• Lab: Set up credit and collections in Finance
• Lab: Create a write-off journal for a customer

Process credit and collections in Dynamics 365 Finance

• How to use customer account statements.
• How to process collections using Copilot in Dynamics 365 Finance.
• How to use the credit management feature.
• Lab: Work with credit and collections

Configure Accounts payable in Dynamics 365 Finance

• Configure accounts payable components.
• Create and maintain a vendor.
• Configure vendor payments.
• Set up vendor posting profiles.
• Configure accounts payable charges.
• Lab: Configure accounts payable components

Work with accounts payable daily procedures in Dynamics 365 Finance

• Work with incoming invoice payments.
• Process accounts payable credit memos.
• Modify due dates and discount dates.
• Work with cash discounts from vendors.
• Create vendor payments.
• Reverse vendor payments.
• Manage prepayments and prepayment invoices.
• Lab: Process a vendor payment by using a payment journal

Work with accounting distributions, invoice validations, and settlements in Dynamics 365 Finance

• Settle transactions and undo settlements.
• Distribute funds by using accounting distributions.
• Configure invoice validation policies.
• Lab: Work with accounting distributions, invoice validations, and settlements

Set up and use Intelligent OCR for vendor invoices in Dynamics 365 Finance

• Set up optical character recognition (OCR) in Dynamics 365 Finance.
• Manage parameters that are specific to OCR in Accounts payable.
• Manage Workflow editor to allow invoice automation processes.

Get started with Expense management in Dynamics 365 Project Operations

• Learn about Expense management capabilities.
• Discover Expense management features.
• Review considerations for planning to use the Expense management module in Project Operations.

Set up and configure Expense management in Dynamics 365 Project Operations

• Discover the Expense management workspace.
• Learn how to turn on the Expense reports re-imagined feature.
• Review the Expense management parameters.
• Learn about workflow functionality for expense management.
• Set up expense policies, and evaluate policies using the Audit workbench.
• Set up mileage expense options.
• Set up credit card transaction processing and import credit transactions.

Set up and use basic budgeting Dynamics 365 Finance

• Set up basic budgeting components.
• Use inquiries and reports.
• Review basic budgeting.
• Create and manage budget register entries.
• Implement a budget register workflow.
• Lab: Create a budget register entry
• Lab: Set up basic budgeting components

Set up and use budget control in Dynamics 365 Finance

• Review budget control.
• Set up budget control parameters.
• Define budget control rules.
• Define budget groups.
• Activate budget control.
• Lab: Set up budget control components

Configure and use budget planning in Dynamics 365 Finance

• Configure budget planning components.
• Lab: Configure budget planning, create, and use a planning process

Configure fixed assets management in Dynamics 365 Finance

• Configure fixed assets components.
• Configure fixed assets parameters.
• Enable fixed assets integration with purchasing.
• Create fixed assets.
• Lab: Work with fixed assets

Set up and acquire fixed assets in Dynamics 365 Finance

• Set up and create fixed assets.
• Set up and record acquisitions.
• Acquire assets through procurement.
• Estimate and eliminate a project to a fixed asset.
• Create a fixed asset by using manual and automatic methods.
• Lab: Acquire a new asset

Manage fixed assets in Dynamics 365 Finance

• Set up asset budgeting.
• Transfer a fixed asset.
• Set up a fixed asset group.
• Update fixed asset information.
• Review fixed asset rollover reports.

Work with fixed asset deprecation and disposal in Dynamics 365 Finance

• Components of lending and disposing fixed assets
• Transaction types for posting depreciations
• How to sell a fixed asset by using free text invoice
• How to dispose of a fixed asset as scrap
• Lab: Create a depreciation proposal

The MB 310 refers to the Microsoft Dynamics 365 Finance Functional Consultant Practices Test. This examination is primarily aimed at consultants willing to validate their skills.

One should least score 700 or greater out of 1000 to pass the MB-310 examination.