Career Prospects
The professionals with the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification can explore different career opportunities. Some of the job titles that they can take up include a Functional Consultant, a Senior IT Manager, a Finance and Operation Manager, a Dynamics 365 Finance Consultant, a Business Analyst, and a Senior Implementation Consultant, among others. The salary outlook for these positions is an average of $65,000 per annum, while some specialists can earn as high as $176,000 per year.
Reference: https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310
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Microsoft MB-310 Exam Reference
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Microsoft MB-310 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Implement and manage accounts payable and expenses | 10–15% | - Configure expense management and travel workflows - Process invoices, payments, and prepayments - Manage vendors and vendor transactions - Configure accounts payable parameters and profiles
|
| Topic 2: Implement financial management | 40–45% | - Implement financial closing processes - Manage currencies and exchange rates
- Design and configure chart of accounts
- Configure financial dimensions
|
| Topic 3: Manage budgeting | 10–15% | - Configure budgeting parameters and dimensions - Perform budget forecasting and analysis - Allocate and control budgets - Create and revise budget plans |
| Topic 4: Manage cash, bank, tax, and cost accounting | - Set up tax calculation and reporting - Implement cost accounting and cost management - Configure bank management and reconciliation - Configure consolidation and elimination processes | |
| Topic 5: Manage fixed assets | 10–15% | - Manage asset leasing and valuation - Acquire, depreciate, and dispose of fixed assets - Perform fixed asset reporting and inquiries - Configure fixed assets parameters and groups |
| Topic 6: Implement accounts receivable, credit, collections, and subscription billing | 15–20% | - Set up collections processes and workflows - Manage customers and customer transactions - Configure credit management and limits - Configure accounts receivable parameters and profiles
|
Microsoft Dynamics 365 Finance Functional Consultant Sample Questions:
A client wants general journal to be used only to post ledger-type transactions.
You need to set up journal configuration to achieve the requirement.
Solution: Set up the journal control on the general to the account type of ledger.
Does the solution meet the goal?
- A. Yes
- B. No
Correct Answer: A 🗳️
A company is implementing Microsoft Dynamics 355 -Finance. The company plans to Implement the fixed asset module. You have the full awing requirements:
* Post transactions to the tax depreciation hook at the same interval as the primary book.
* Tax transactions must be journalized without being recorded in the general ledger.
You need to configure the ' wet! asset books.
Which conjuration option should you use? To , drag the appropriate urn figurations to the correct requirement.
Each configuration may be used once, more than once, more not at all You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Correct Answer:
Explanation:
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 manage a Dynamics 365 finance implementation.
You must provide the budget versus actual reporting in near real time.
You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget.
Solution: Configure an expense dimension set expense budget threshold, revenue dimension set, and revenue budget threshold percent field values on the Configure my workspace form.
Does the solution meet the goal?
- A. Yes
- B. No
Correct Answer: B 🗳️
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets 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 controller notices incorrect postings to the ledger entered via journal.
The system must enforce the following:
* Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.
* Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.
* Liability accounts (2000-2999) should not have any dimensions posted.
* Expense account (6999) requires department, division, project and customer dimensions with all transactions.
You need to configure the account structure to meet the requirements.
Solution:
* Configure two account structures: one for liability accounts listing the (2000-2999) range with no following dimensions and one for Expense and Revenue accounts.
* For Expense accounts (6000-6998) and Revenue accounts (4000-4999), configure asterisks in all dimension columns.
* For Expense account (6999), configure asterisks in all dimensions. Configure an asterisk and quotes in the customer dimension.
Does the solution meet the goal?
- A. Yes
- B. No
Correct Answer: B 🗳️
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A client plans to use the cost accounting module in Dynamics 365 for Finance and Operations. You need to associate the correct definitions to the correct cost accounting concepts. Which terms match the definitions?
To answer, select the appropriate configuration in the answer are3. NOTE: Each correct selection is worth one point.
Correct Answer:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-accounting/terms-cost-accounting
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