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Microsoft MB-310 Exam Questions
- Microsoft Dynamics 365 Certifications
- Microsoft Dynamics 365 Finance Functional Consultant Associate Certifications
- Topic 1: Set up and configure financial management: This section covers effectively setting up the financial management module to improve financial functions.
- Topic 2: Implement accounts receivable, credit, collections, and revenue recognition: This section covers the adoption of accounts receivable, managing credit, collection amounts, and the procedure of recognizing revenues and cash flows.
- Topic 3: Implement and manage accounts payable and expenses: This section covers the comprehension of overseeing and administering accounts payable and expenses streamlining payments and monitoring expenses.
- Topic 4: Manage budgeting: This section covers attaining skills related to managing the budgeting process to ensure financial planning and control.
- Topic 5: Manage fixed assets: This section of the exam covers managing fixed assets, acquiring them, their wear and tear, replacement, and maintaining financial records.
Free Microsoft MB-310 Exam Actual Questions
Note: Premium Questions for MB-310 were last updated On Aug. 06, 2025 (see below)
A company uses Microsoft Dynamics 365 Finance. You are evaluating delinquent customers. You examine aging balances and determine that a customer's balance must be written off.
You need to use journal lines to perform the write-off process.
Which two journal line types will be created? Each correct answer presents part of the solution.
NOTE: Each correct selectin is worth one point.
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
You need to configure the year-end setup to meet the following requirements:
The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year's Period 13.
The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
All dimensions from profit and loss must carry over into the retained earnings.
All future and previous periods must have an On Hold status.
Solution:
Configure General ledger parameters.
- Set the Delete close of year transactions option to Yes.
- Set the Create closing transactions during transfer option to Yes.
- Set the Fiscal year status to permanently closed option to No.
Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to No.
- Set the Transfer profit and loss dimensions' option to Close All.
Set future Ledger periods to a status of On Hold.
Does the solution meet the goal?
You need to set up financial reports to meet management requirements. What should you do? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Set up a Report Schedule (Option A & B):
To automate report generation on a monthly basis, navigate to General ledger > Inquiries and reports > Financial reports.
Choose the report to schedule and select Report schedules. Here, you can define whether the schedule applies to a reporting group or an individual report, depending on the organization's requirements.
Set up a Reporting Tree Definition (Option C):
Reporting trees allow you to structure financial reports based on organizational hierarchies. Go to General ledger > Inquiries and reports > Financial reports, then create or modify a reporting tree definition as needed.
Reporting tree definitions are particularly useful for presenting consolidated reports or segmented reports across different entities or departments.
Create a Report Group (Option D):
To create a report group, go to General ledger > Inquiries and reports > Financial reports, then select Report group and add the necessary financial reports.
This approach enables you to generate multiple reports simultaneously, which is useful for consistent monthly reporting to management.
A company has implemented Dynamics 365 Finance.
The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance.
You need to configure the system to remit tax payments.
What should you do?
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture.
You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.
Solution: Configure item posting groups for purchase requisitions.
Does the solution meet the goal?
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