Microsoft Dynamics 365 Finance Functional Consultant (MB-310) Exam Blueprint

Design and configure financial dimensions; Design and configure the chart of accounts and main accounts; Configure main accounts 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 ledgers and currencies; Configure currency exchange types and rates; Configure a currency revaluation posting profile; Configure accounting and reporting currencies

Configure journal names and vouchers; Configure journal controls and posting restriction rules; Implement journal approvals, including workflows; Configure and use periodic journals; Configure intercompany accounting; Create templates to edit journals in Microsoft Excel; Reverse financial transaction entries; Configure default descriptions; Create and use journal entries, including validation and posting manually and by using Microsoft Excel; Configure batch processing of journals

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

Design and configure periodic closing processes and end-of-year processes, including main accounts, reports, and templates; Perform financial consolidation and elimination processes by using Consolidation online; Create and manage financial reports, including modifying row, column, and report definitions, and reporting trees; Design and configure financial period workspaces and closing schedules; Design and configure legal entity for consolidation and elimination by using Consolidation online; Design consolidation and elimination by using financial reports; Configure and process ledger settlements; Perform general ledger foreign currency revaluation; Manage the ledger calendar

Configure tax groups, tax codes, settlement periods, and authorities; Configure tax ledger posting groups; Settle and post sales tax; Configure withholding tax groups, tax codes, and authorities; Calculate and adjust sales tax

Configure cost groups; Configure inventory costing versions; Differentiate between inventory costing methodologies; Configure item model groups; Configure item groups and inventory posting profiles; Perform inventory recalculation, closing, and adjustment processes

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; Configure customer payment methods; Configure accounts receivable charges and apply changes to an invoice; Manage customer holds; Configure customer posting profiles; Process customer payments; Configure customer change approvals; Perform accounts receivable foreign currency revaluation; Configure and use billing classification; Configure batch processing of free text and sales order invoicing; Configure bank accounts for customers

Configure credit management processes; Configure collections management processes, including collection activities; Manage delinquent customers; Prepare and send customer account statements; Configure and process collection letters; Configure aging definitions and process aged balances; Process and manage credit holds; Configure and use customer write-offs; Configure and process interest notes

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 use revenue deferrals and recognition, including for charges, deferral defaults, and items deferred by default; Configure and use expense deferrals and recognition; Process and manage revenue and expense recognition schedules

Configure invoice validation policies and invoice matching setup; Configure vendor groups, vendors, and vendor posting profiles, including configuring shared vendors; Process purchase order invoices and credit memos, including prepayments; Configure vendor payment methods; Configure accounts payable charges, and apply changes to an invoice; Configure bank accounts and bank account approvals for vendors; Configure vendor change approvals; Perform accounts payable foreign currency revaluation; Configure vendor invoice automation; Process the vendor invoice journal including voyage cost; Configure and use recurring vendor invoices; Process and generate vendor payments, centralized payments, and prepayments

Configure expense management including categories, per diem options, mileage expenses, intercompany expenses, and personal expenses; Create and manage expense reports

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; Activate or deactivate budget control configurations

Create and manage fixed asset groups and other fixed asset attributes; Configure fixed asset posting profiles; Configure fixed asset parameters; Configure fixed asset 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; Process fixed asset disposals and other transactions by using the fixed asset journal; Process fixed asset split, reclassification, and transfer; Process acquisition and depreciation for derived books