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Microsoft MB-310 : Microsoft Dynamics 365 for Finance and Operations, Financials (beta) Exam

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Exam Number : MB-310
Exam Name : Microsoft Dynamics 365 for Finance and Operations, Financials (beta)
Vendor Name : Microsoft
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MB-310 test Format | MB-310 Course Contents | MB-310 Course Outline | MB-310 test Syllabus | MB-310 test Objectives


Set up and configure financial management (35-40%)
Manage and apply common processes (20-25%)
Implement and manage accounts payable and receivable (20-25%)
Manage budgeting and fixed assets (15-20%)

Set up and configure financial management (35-40%)
Implement and configure financial modules
• configure and apply accrual schemes
• configure cash flow reports
• configure the letter of credit and letter of ensure templates
• set up intercompany accounting
• create and configure account structures
• configure other modules including cash and bank management and budgeting- credit and collections- audit workbench- and consolidations
• implement posting definitions
Implement and test cost and allocation policies
• implement cost accounting processes
• implement inventory costing versions
• implement item groups
• create and process Ledger allocation rules
• demonstrate use of cost accounting terminology
• construct fiscal calendars- years- and periods
Perform periodic processes
• configure financial period close
• define and demonstrate periodic closing processes and end-of-year processes
• demonstrate regional tax reporting capabilities
• perform bank reconciliation
• perform financial consolidation
• create a cost accounting report by using the cost accounting Report Wizard
• allocate funds by using Accounting distributions
Configure- collect- and report taxes
• configure tax components
• implement and test end-of-year tax reporting
• prepare periodic filings

Manage and apply common processes (20-25%)
Define and configure the account structure
• demonstrate the advanced ledger entries functionality
• set up derived financial hierarchies
• demonstrate financial consolidation and elimination processes
• set up funds
• define and configure the main account
• define and configure the financial dimensions and dimension sets
• perform financial statements
• perform tracking of posted transactions
Implement regulatory and localization features and manage currencies
• set up legal entity currencies and conversions
• configure currency exchange rate providers
• implement foreign currency revaluation processes
• determine which regulatory and localization features to apply to a given scenario
Implement and manage journals
• identify the different types of journals available and their setup
• set up journal controls
• configure the journal posting restriction rules
• configure approval processes by using workflows
• create voucher templates
• perform daily procedures using journals

Implement and manage accounts payable and receivable (20-25%)
Implement and manage Accounts receivable
• set up customer posting profiles
• manage delinquent customers
• configure billing codes for free text invoices- process orders- invoices- and payments
• configure and process credit and collection
• configure customer payment setup
• prepare and send customer account statements
• configure accounts receivable charges
Implement and manage Accounts payable
• configure invoice validation policies
• set up vendor posting profile- process orders- invoices- and payments
• configure the Vendor collaboration module
• configure vendor payments
• configure accounts payable charges

Manage budgeting and fixed assets (15-20%)
Configure and manage Budgeting processes
• configure budgeting components
• create a budget plan template
• create a budget plan by using the budget plan wizard
• perform the budget planning process
• configure budget controls
• create and demonstrate registry entries
• implement budget workflows
Implement and manage fixed assets
• create fixed assets and fixed assets groups
• configure fixed asset parameters
• identify when to enable integration with purchasing and sales module
• perform acquisition- depreciation- and disposal of fixed assets



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Microsoft 365 PDF Dumps

Microsoft Dynamics 365: A cheat sheet | MB-310 Free PDF and Latest Questions

a close up of a sign: Illustration: Lisa Hornung/iStockPhoto © provided by using TechRepublic Illustration: Lisa Hornung/iStockPhoto

Even when every little thing is working smoothly, managing a business, with all its moving constituents, information flows, analytics and people, is tricky, time drinking and vitally critical to usual success. once a enterprise commercial enterprise reaches a certain measurement, it must deploy systems to support automate and simplify operation administration. more and more, business organisations are opting to make use of cloud-based commercial enterprise aid planning (ERP) and client relationship management (CRM) systems like Microsoft Dynamics 365.

a blue sky © Illustration: Lisa Hornung/iStockPhoto

In a nutshell, Microsoft Dynamics 365 is a suite of ERP and CRM applications. every module helps company agencies control, technique and analyze operational records generated all over the route of average company in order that choice makers have pertinent and actionable suggestions available once they need it. each enterprise chooses the modules to be able to satisfy their wants, which ability Microsoft Dynamics 365 and any device have to be bendy adequate to accommodate a variety of business entities.

CONSTELLATION brands, INC.

SEE: Microsoft Dynamics 365: A cheat sheet (free PDF) (TechRepublic)

what's Microsoft Dynamics 365?

Dynamics 365 is Microsoft's blanket identify for a suite of business-level clever business-linked purposes. The ERP solution part of Dynamics 365 contains fiscal, accounting and operational utility. The CRM element of Dynamics 365 contains earnings, advertising and customer provider utility. all the utility in Dynamics 365 is designed to combine with Microsoft 365's suite of productiveness apps, and all the apps leverage cloud technology.

SEE: Microsoft Dynamics 365: how one can use massive records to study greater about your shoppers (TechRepublic)

Why is Microsoft Dynamics 365 essential?

After achieving a certain measurement, measured in variety of employees or amount of company transactions, organizations frequently discover it a good deal greater productive to combine all their management application across departments, divisions and places. Microsoft Dynamics gives such a suite of built-in administration application in the cloud, the place software modules will also be introduced and subtracted as obligatory, and entry can be authorized to any individual from anyplace.

For up to date corporations, working within the age of digital transformation, the means to method transactions, assemble data and manipulate company decisions the usage of an built-in system like Dynamics 365 can provide a competitive knowledge. As a cloud-based mostly device, groups can leverage artificial intelligence (AI), trial awareness, information visualization and different digitization equipment to profit insights into company operations that may in any other case stay hidden.

SEE: Dynamics 365: This new function might support deliver an conclusion to an additional massive enterprise headache (TechRepublic)

What software modules are available in Microsoft Dynamics 365?

The software modules associated with Microsoft Dynamics 365 consist of basically each capabilities administration function required to run a contemporary business business. This Microsoft enterprise application has a lot of packages and pricing plans attainable, and each particular person company need to select which application modules meet its needs.

Microsoft Dynamics 365 software modules encompass:

intelligent revenue and advertising

  • sales
  • marketing
  • customer insights
  • Proactive consumer provider

  • consumer provider
  • container service
  • customer provider insights
  • linked box carrier

  • field carrier
  • client insights
  • far off help
  • contemporary finance and operations

  • Finance
  • deliver management
  • Human supplies
  • related commerce

  • Commerce
  • Fraud coverage
  • consumer insights
  • To help application developers inside an commercial enterprise combine capabilities throughout the firm, Microsoft has additionally protected a collection of purposes called vigor Platform. These functions enable businesses to visualize data, determine traits and communicate that suggestions across the organization. there's a module that automates information approaches and one other module that builders can use to create virtual brokers.

    SEE: All of TechRepublic's cheat sheets and smart person's publications

    The Microsoft energy Platform contains:

  • vigour BI
  • energy Apps
  • energy Automate
  • vigour virtual agents
  • lots of the cloud infrastructure integral to support Dynamics 365 is supplied by Microsoft Azure. To comprehensive the operational nature of Dynamics 365, all the software modules combine with functions present in the Microsoft 365 productivity suite.

    SEE: correct CRM application features for SMBs (TechRepublic)

    who're Microsoft Dynamics 365's competitors?

    Few rivals to Dynamics 365 present each ERP and CRM utility modules, so aggressive lines are usually drawn alongside these lines. favourite carriers competing with Microsoft Dynamics 365 within the ERP solutions industry consist of:

  • Oracle Cloud ERP
  • Sage Intacct
  • Workday economic management
  • QuickBooks computing device business
  • Zoho Books
  • FreshBooks
  • admired carriers competing with Microsoft Dynamics 365 within the CRM solutions market include:

  • Salesforce CRM
  • HubSpot CRM
  • Daylite
  • Freshworks
  • Apptivo
  • Zoho CRM
  • Dozens of smaller niche cloud vendors of ERP and CRM functions also compete with Microsoft in the operational administration market.

    SEE: research: COVID-19 factors SMBs to increase IT deployment and spending (TechRepublic)

    How do I get Microsoft Dynamics 365, and the way an awful lot does it cost?

    Microsoft Dynamics 365 is purchasable now. The suite of company purposes is at all times up-to-date, subtle and more suitable. Pricing plans are subject to trade, but the pricing constitution as of June 2021 is shown in table A.

    desk A—Microsoft

    earnings

    revenue

    expense for user's first Dynamics 365 app

    expense for consumer's subsequent qualifying Dynamics 365 app

    sales knowledgeable

    $sixty five per consumer/month

    $20 per person/month

    sales enterprise

    $ninety five per user/month

    $20 per consumer/month

    earnings top rate

    $135 per user/month

    $a hundred thirty five per user/month

    Microsoft Relationship revenue

    $162 per consumer/month

    $162 per person/month

    consumer Insights

    From $1,500 per tenant/month

    From $1,000 per tenant/month

    consumer Voice

    $200 for two,000 survey responses per tenant/month

    $200 for 2,000 survey responses per tenant/month

    consumer provider

    customer carrier

    cost for consumer's first Dynamics 365 app

    rate for consumer's subsequent qualifying Dynamics 365 app

    client service knowledgeable

    $50 per consumer/month

    $20 per user/month

    consumer carrier enterprise

    $ninety five per consumer/month

    $20 per person/month

    virtual Agent for client carrier

    From $1,000 per tenant/month

    From $1,000 per tenant/month

    consumer Insights

    From $1,500 per tenant/month

    From $1,000 per tenant/month

    client Voice

    $200 for two,000 survey responses per tenant/month

    $200 for two,000 survey responses per tenant/month

    field service

    field carrier

    price for person's first Dynamics 365 app

    expense for person's subsequent qualifying Dynamics 365 app

    container provider

    $95 per user/month

    $20 per user/month

    far flung aid

    $65 per user/month

    $20 per consumer/month

    courses

    $sixty five per consumer/month

    $sixty five per consumer/month

    client Insights

    From $1,500 per tenant/month

    From $1,000 per tenant/month

    consumer Voice

    $200 for 2,000 survey responses per tenant/month

    $200 for 2,000 survey responses per tenant/month

    Finance

    Finance

    expense for consumer's first Dynamics 365 app

    cost for consumer's subsequent qualifying Dynamics 365 app

    Finance

    $180 per person/month

    $30 per person/month

    company central essentials

    $70 per person/month

    $70 per consumer/month

    business primary premium

    $100 per consumer/month

    $a hundred per consumer/month

    Operations

    Operations

    price for user's first Dynamics 365 app

    price for consumer's subsequent qualifying Dynamics 365 app

    give Chain management

    $180 per user/month

    $30 per user/month

    venture Operations

    $120 per consumer/month

    $30 per person/month

    company central necessities

    $70 per consumer/month

    $70 per consumer/month

    company principal top class

    $one hundred per person/month

    $100 per consumer/month

    Commerce

    Commerce

    rate for user's first Dynamics 365 app

    expense for user's subsequent qualifying Dynamics 365 app

    Commerce

    $180 per user/month

    $30 per consumer/month

    Fraud insurance policy

    $1,000 per tenant/month

    $1,000 per tenant/month

    consumer Insights

    From $1,500 per tenant/month

    From $1,500 per tenant/month

    Human resources

    Human components

    expense for user's first Dynamics 365 app

    expense for user's subsequent qualifying Dynamics 365 app

    Human supplies

    $120 per person/month

    $30 per user/month

    courses

    $sixty five per consumer/month

    $65 per person/month

    customer Voice

    $200 for two,000 survey responses per tenant/month

    $200 for two,000 survey responses per tenant/month

    New free up wave accessible

    a new unencumber wave for Microsoft Dynamics 365 grew to become accessible in April 2021. This free up wave contains feature updates and optimization improvements for all Microsoft Dynamics 365 products, with an emphasis on improving cellular capabilities, including new intelligence sources, and presenting a more collaborative ambiance with Microsoft teams.

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