Topics Covered in MB-310

The Microsoft MB-310 test is structured in a way that it measures the following skills of a candidate:

• Setting up and configuring financial management

  This domain is rather extensive that is why it's further categorized into seven parts. To start with, skills in defining and configuring the chart of accounts are examined in the first part, where you'll get to know more about financial dimensions, main accounts, and ledger account aliases. The second subcategory, which is based on configuring ledgers and currencies, requires skills such as constructing fiscal calendars and installing the ledger features. Abilities to describe & configure batch transfer rules and setting up currencies alongside conversions for a legal entity can also be identified as required skills in this category. The third area concerns implementing and managing journals. In this regard, the candidates must focus on their capabilities to describe options for implementing voucher numbers in journals and build journal names. Few other sections which should be taken into consideration by the candidates are their competency in describing use cases for periodic journals as well as configuring & applying accrual schemes. The next objective, which is executing and managing cash, includes skills such as creating and maintaining bank groups with bank accounts, describing & configuring electronic payment formats, and composing and processing bank reconciliations. The potential to describe cost accounting processes & terms and create a cost accounting report by using the Cost Accounting Report wizard are among some of the scopes analyzed regarding the cost accounting and cost management portion. Another key sector of this topic is performing periodic processes, which are centered on closing schedules, financial consolidation, and various ledger allocation policies.

• Putting into practice accounts payable & expenses

  The second sector consists of two parts. The category of implementing and managing accounts payable requires your knowledge of configuring invoice validation policies, setting up vendor posting profiles, and processing orders, invoices, and payments. The coverage also extends to configuring the vendor collaboration module and payment calendars in addition to charges. The second tested area of this domain is mainly about configuring and using expense management, which explains per diem options, personal and mileage expenses, credit card processing, and the Audit workbench.

• Implementing as well as managing accounts receivable, credit, collections, and the recognition for revenues

  The next tested area is about putting into operation accounts receivable, credit, collection, and revenue recognition that detail three subcategories. The first one is implementing and managing accounts receivable, which comprises skills such as setting up customer posting profiles as well as configuring & processing free text invoices, orders, and payments. Monitoring credit and collections comes under the second subtopic, where you'll have to deal with delinquent customers and control customer credit limits. To succeed in the third objective, which covers configuring revenue recognition, candidates must excel in patterning journals & parameters and executing revenue schedules.

• Managing fixed and budgeting assets

  The final domain of managing & budgeting fixed assets encloses two main segments. The first is configuring and managing budgeting processes. Within this part, you should be able to arrange budgeting components, define a budget planning process, implement budget workflows, and perform budget checks. To finalize the tested skillset is putting into operation and managing fixed assets, which measures your abilities in creating diverse fixed assets and fixed assets groups. Additionally, within this section, you'll learn more about parameters, books, and depreciation for fixed assets.

Step 2: Go through the official course outline

After reviewing the exam details, you need to ensure that you are staying up-to-date with the entire course outline. It is worth mentioning that it is usually the most important part of the certification test. So, you should go to the Microsoft site and review the course outline.

Reference: https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310

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