Study guide for Exam MB-310: Managing Financial Operations with Dynamics 365 Finance

Purpose of this document

This study guide should help you understand what to expect on the exam and includes a summary of the topics the exam might cover and links to additional resources. The information and materials in this document should help you focus your studies as you prepare for the exam.

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Updates to the exam

Our exams are updated periodically to reflect skills that are required to perform a role. We have included two versions of the Skills Measured objectives depending on when you are taking the exam.

We always update the English language version of the exam first. Some exams are localized into other languages, and those are updated approximately eight weeks after the English version is updated. While Microsoft makes every effort to update localized versions as noted, there may be times when the localized versions of an exam are not updated on this schedule. Other available languages are listed in the Schedule Exam section of the Exam Details webpage. If the exam isn't available in your preferred language, you can request an additional 30 minutes to complete the exam.

Note

The bullets that follow each of the skills measured are intended to illustrate how we are assessing that skill. Related topics may be covered in the exam.

Note

Most questions cover features that are general availability (GA). The exam may contain questions on Preview features if those features are commonly used.

Skills measured as of August 14, 2026

Audience profile

As a candidate for this exam, you analyze business requirements and translate them into fully realized business processes and solutions that implement industry-recommended practices during implementation and ongoing support. You have a foundational understanding of accounting principles and financial operations as they relate to:

• Core tasks in Dynamics 365 finance and operations apps

• Manufacturing

• Retail

• Supply chain management operations

• Service-based operations

As a candidate for this exam, you specialize in one or more feature sets of Dynamics 365 Finance including:

• General ledger

• Cash and bank management

• Tax

• Accounts receivable

• Credit and collections

• Subscription billing

• Accounts payable

• Expense management

• Budgeting

• Fixed assets and asset leasing

• Cost accounting

• Consolidation and elimination

• Agents

Skills at a glance

• Implement financial management (35–40%)

• Implement accounts receivable, credit, collections, and subscription billing (15–20%)

• Implement and manage accounts payable and expenses (10–15%)

• Manage budgeting (10–15%)

• Manage fixed assets (10–15%)

Implement financial management (35–40%)

Design and configure the chart of accounts and financial dimensions

• Design and configure financial dimensions

• Design and configure the chart of accounts and main accounts

• Configure main account categories, ledger account aliases, and balance control accounts

• Configure legal entity overrides for financial dimensions and main accounts

• Configure and manage account structures and advanced rules

• Design and configure financial tags

• Configure derived dimensions and financial dimension default templates

Configure ledgers and currencies

• Configure currency exchange types and rates

• Configure a currency revaluation posting profile

• Configure accounting and reporting currencies

• Configure ledger calendar and fiscal calendar

• Configure posting layers for ledger transactions

• Configure and process ledger allocation rules

Implement and manage journals

• Configure journal names and vouchers

• Configure journal controls and posting restriction rules

• Configure and process periodic journals

• Configure intercompany accounting

• Create and modify templates to edit journals in Microsoft Excel

• Reverse financial transaction entries

• Create, validate, and post journal entries manually and by using Microsoft Excel

• Configure batch processing of journals

Implement and manage cash and bank

• Create and manage bank groups and bank accounts

• Configure payment formats

• Configure bank reconciliations, including advanced bank reconciliations

• Configure the cash flow forecast setup, including automation setup

• Perform bank foreign currency revaluation

• Process manual and advanced bank reconciliations

• Configure shared payment setup for customers and vendors

• Configure and process customer and vendor netting

Perform periodic processes

• Design and configure periodic closing processes and end-of-year processes, including main accounts, reports, and templates

• Perform financial consolidation and elimination processes

• Design and configure financial period workspaces and closing schedules

• Design and configure legal entity for consolidation and elimination by using Consolidation online

• Configure and process ledger settlements

Configure, collect, and report taxes

• Configure sales tax groups, item sales tax groups, tax codes, settlement periods, authorities, and tax exemptions

• Configure tax ledger posting groups

• Settle and post sales tax

• Configure withholding tax groups, tax codes, and authorities

• Calculate and adjust sales tax

Implement accounts receivable, credit, collections, and subscription billing (15–20%)

Implement and manage accounts receivable

• Configure customers and customer groups, including configuring shared customers

• Configure and process free text invoices, including recurring free text invoices

• Process sales order invoices and credit memos, including prepayments

• Configure customer payment methods

• Configure accounts receivable charges and apply changes to an invoice

• Configure customer posting profiles

• Process customer payments

• Perform accounts receivable foreign currency revaluation

• Configure billing classification

• Configure bank accounts for customers

• Process intercompany invoices

Manage credit and collections

• Configure credit management processes

• Configure collections management processes, including collection activities

• Manage delinquent customers

• Configure and process collection letters

• Configure aging definitions and process aged balances

• Process and manage credit holds

• Configure and process customer write-offs

• Configure and process interest notes

Configure and manage subscription billing

• Generate sales documents by using billing schedules

• Manage billing schedules, including price update and hold termination

• Configure contract billing, including billing schedule group, item group, and milestone setup

• Configure and process revenue deferrals and recognition, including charges

• Configure and process expense deferrals and recognition

• Process and manage revenue and expense recognition schedules

• Configure deferral defaults and items deferred by default

Implement and manage accounts payable and expenses (10–15%)

Implement and manage accounts payable

• Configure invoice validation policies and invoice matching setup

• Configure vendor groups, vendors, and vendor posting profiles, including configuring shared vendors

• Process invoices and credit memos, with and without associated purchase orders, including prepayments

• Process intercompany vendor invoices

• Configure vendor payment methods

• Configure accounts payable charges, and apply changes to an invoice

• Configure vendor bank accounts

• Perform accounts payable foreign currency revaluation

• Process the vendor invoice journal

• Configure and process recurring vendor invoices

• Process and generate vendor payments, centralized payments, and prepayments

• Process intercompany vendor invoices

Configure expense management

• Configure expense management including categories, per diem options, mileage expenses, intercompany expenses, and personal expenses

• Create and manage expense reports, including expense report policies

Manage budgeting (10–15%)

Implement basic budgeting

• Configure budgeting components, including budget models, codes, allocation terms, and transfer rules

• Create and manage budget register entries

• Compare budgeted values with actual values

Configure and manage budget controls

• Configure budget controls including budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions

• Validate budget control on transactions

Configure and manage budget planning

• Create and manage budget plans, including scenarios and allocations

• Configure budget planning process, including organization hierarchy

Manage fixed assets (10–15%)

Implement and manage fixed assets

• Create and manage fixed asset groups and other fixed asset attributes

• Configure fixed asset posting profiles

• Configure fixed asset books, including derived books

• Configure depreciation profiles

• Create and manage fixed assets

• Configure mapping for fixed asset groups and books

Process fixed asset transactions

• Process fixed asset disposal (sales) by using free text invoices

• Process fixed asset acquisitions by using purchase orders, journals, inventory journals, and projects

• Create fixed asset budgets and transfer the budgets to the budgeting module

• Process fixed asset depreciation, including multi-company

• Process fixed asset split, reclassification, transfer, disposals and other transactions by using the fixed asset journal

Study resources

We recommend that you train and get hands-on experience before you take the exam. We offer self-study options and classroom training as well as links to documentation, community sites, and videos.

Study resources	Links to learning and documentation
Get trained	Choose from self-paced learning paths and modules or take an instructor-led course
Find documentation	Dynamics 365 documentation and learning modules Finance
Ask a question	Microsoft Q&A | Microsoft Docs
Get community support	Microsoft Dynamics Community
Follow Microsoft Learn	Microsoft Learn - Microsoft Tech Community

Change log

The table below summarizes the changes between the current and previous version of the skills measured. The functional groups are in bold typeface followed by the objectives within each group. The table is a comparison between the previous and current version of the exam skills measured and the third column describes the extent of the changes.

Skill area prior to August 14, 2026	Skill area as of August 14, 2026	Change
Audience profile		Minor
Implement financial management	Implement financial management	% decreased
Design and configure the chart of accounts	Design and configure the chart of accounts and financial dimension	Minor
Configure ledgers and currencies	Configure ledgers and currencies	Major
Implement and manage journals	Implement and manage journals	Major
Implement and manage cash and bank	Implement and manage cash and bank	No change
Perform periodic processes	Perform periodic processes	Major
Configure, collect, and report taxes	Configure, collect, and report taxes	Minor
Implement cost management		Removed
Implement accounts receivable, credit, collections, and subscription billing	Implement accounts receivable, credit, collections, and subscription billing	No % change
Implement and manage accounts receivable	Implement and manage accounts receivable	Major
Manage credit and collections	Manage credit and collections	Minor
Configure and manage subscription billing	Configure and manage subscription billing	Major
Implement and manage accounts payable and expenses	Implement and manage accounts payable and expenses	No % change
Implement and manage accounts payable	Implement and manage accounts payable	Major
Configure and use expense management	Configure expense management	Minor
Manage budgeting	Manage budgeting	No % change
Configure and manage budget controls	Configure and manage budget controls	Minor
	Configure and manage budget planning	New
Manage fixed assets	Manage fixed assets	No % change
Implement and manage fixed assets	Implement and manage fixed assets	Minor
Process fixed asset transactions	Process fixed asset transactions	Major