Microsoft MB-310 Practice Exams
Last updated on Oct 22,2026- Exam Code: MB-310
- Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
- Certification Provider: Microsoft
- Latest update: Oct 22,2026
DRAG DROP
A retail company has outlets in multiple locations. Taxes vary depending on the location.
You need to configure the various components of the tax framework.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee’s pay. Transactions for new employees must be recognized in the general ledger based upon the employee’s first pay date.
You need to configure accrual schemes for the new fiscal year.
Which two configurations should you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.
- B . For current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date.
- C . For new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date.
- D . For current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.
You need to identify the posting issue with sales order 1234.
What should you do?
- A . Correct the recognition basis.
- B . Validate that the revenue recognition schedule is populated on the sales order header.
- C . Update the revenue price allocation.
- D . Validate that the revenue recognition schedule is populated on the sales order line.
- E . Correct the recognition convention.
HOTSPOT
You need to configure expense management tor Humongous Insurance and its subsidiary.
Which options should you use? To answer select the appropriate options in me answer area. NOTE: Each correct selection is worth one point.
HOTSPOT
You need to configure the system to meet the budget preparation requirements.
What should you do? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.
You need to configure the system to resolve User8’s issue.
What should you select?
- A . the Standard sales tax checkbox
- B . the Conditional sales tax checkbox
- C . a main account in the settlement account field
- D . a main account in the sales tax payable field
A company plans to use Dynamics 365 for Finance and Operations. You need to configure basic budgeting.
Which set of actions must you perform?
- A . Option A
- B . Option B
- C . Option C
- D . Option D
You need to troubleshoot the reporting issue for User7.
Why are some transactions being excluded?
- A . User7 is running the report in CompanyB.
- B . User7 is running the report in CompanyA.
- C . The report is correctly excluding CustomerY transactions.
- D . The report is correctly excluding CustomerZ transactions.
You need to ensure Trey Research meets the compliance requirement.
Which budget technology should you implement? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point
- A . budget codes
- B . the Excel budget template
- C . set-based budget processing
- D . budgeting workflows
You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets – vehicles in the wrong fixed asset group.
You need to achieve the following;
• Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.
• Ensure that all value models for the existing fixed asset are created for the new fixed asset Any information that was set up for the original fixed asset is copied to the new fixed asset.
• Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets group.
What should you do?
- A . Reclassify the fixed asset.
- B . Copy the fixed asset.
- C . Change the fixed asset group
- D . Transfer the fixed assets.