MB-310· AssociateCurrent exam

Dynamics 365 Finance Functional Consultant

By Emil Björk · Microsoft business apps consultant, Gothenburg

General ledger, AP/AR, budgeting, fixed assets, and financial dimensions in F&O.

17 guides · about 48 minutes of reading · Official exam page and skills outline on Microsoft Learn →

This is a reading order, not exam-dump material. The areas below are how this site groups what MB-310covers; Microsoft's study guide on the exam page lists the measured skills and their weightings, and that outline changes between releases. Read the guides for the concepts, then spend the rest of your preparation in a trial environment.

1.Core financial setup

  1. What is Dynamics 365 Finance?4 minMicrosoft's enterprise finance app — multi-entity general ledger, AP/AR, fixed assets, budgeting, and consolidations at scale.
  2. Legal entity setup in Dynamics 365 Finance3 minHow to configure legal entities in F&O — corporate identity, country localisation, GL setup, posting profiles, dimension structure.
  3. Fiscal calendar setup in Dynamics 365 Finance3 minHow fiscal calendars are configured in F&O — periods, years, multiple calendars per ledger, and the implications for posting, closing, and reporting.
  4. Financial dimensions in Dynamics 365 Finance2 minHow financial dimensions work in Dynamics 365 Finance — global dimensions, account structures, default dimensions.
  5. Posting profiles in Dynamics 365 Finance2 minThe posting-profile mechanism in Dynamics 365 Finance — how transactions translate into GL entries, and why getting them right matters.

2.General ledger, tax, and journals

  1. General journal entry workflow in Dynamics 365 Finance3 minHow a general journal is captured, validated, approved, and posted in F&O — daily journals, voucher numbers, line types, financial dimensions.
  2. Sales tax setup in Dynamics 365 Finance3 minHow to configure US-style sales tax in F&O — tax authorities, tax codes, tax groups, item tax groups, and the integration with Avalara / Vertex.
  3. Workflow in Dynamics 365 Finance2 minThe workflow engine in Dynamics 365 Finance and SCM — designers, conditions, assignment, escalations, and Power Automate alternatives.
  4. Year-end close in Dynamics 365 Finance3 minHow year-end close works in F&O — fiscal year closure, opening transactions, depreciation reset, ledger settlements, and the year-end ritual.

3.Receivables, payables, and cash

  1. Credit and collections management in Dynamics 365 Finance3 minHow F&O's Credit and Collections module handles customer credit risk, dunning, payment-promise tracking, and collections workflow.
  2. The Cash Management module in Dynamics 365 Finance3 minHow F&O's Cash Management handles cash positions, bank reconciliation, payment processing, and cash flow forecasting at enterprise scale.
  3. AP automation and OCR in Dynamics 365 Finance3 minHow invoice automation works in F&O — vendor invoice journal, OCR extraction, three-way matching, approval workflow, and the partner ecosystem.

4.Budgeting, fixed assets, and consolidation

  1. Budget planning in Dynamics 365 Finance3 minHow F&O's budget planning module orchestrates the annual budget cycle — budget plans, scenarios, stages, workflow, and the integration with Excel and Power BI.
  2. Budget control in Dynamics 365 Finance3 minHow F&O's budget control enforces budgets at transaction posting — budget control rules, document overrides, the BC vs budgeting distinction.
  3. Fixed assets in Dynamics 365 Finance and Operations3 minHow F&O handles fixed assets — books, depreciation profiles, acquisitions, disposals, and the integration with project, purchase, and tax accounting.
  4. Consolidations in Dynamics 365 Finance3 minHow F&O handles financial consolidation across legal entities — consolidation companies, methods, elimination rules, currency translation.
  5. Reporting tools in Dynamics 365 Finance2 minThe reporting stack in Dynamics 365 Finance — Financial Reporting, electronic reporting, Power BI, and where each one fits.

Related learning path

Frequently asked questions

Is MB-310 still available?

Yes. MB-310 (Dynamics 365 Finance Functional Consultant) is a current exam as of the last review of this page. Check the official Microsoft Learn exam page for the live skills outline, languages, and any scheduled retirement.

How long does the reading on this page take?

The 17 guides total roughly 1 hour of reading (48 minutes). They cover the concepts the exam assumes, not exam questions — pair them with the official learning path and hands-on time in a trial environment.

Where is the official skills outline for MB-310?

On Microsoft Learn, at the exam page linked from this page. The areas here are this site's grouping of the topics; the official study guide lists the measured skills and their weightings and is the only authoritative source.

Other ERP — Finance and Operations exams

Exam status reflects Microsoft's public retirement announcements as of August 2026. This site is independent of Microsoft; exam names and codes are Microsoft's.