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Each question shows the correct answer and an explanation of why it is right
You need to enforce financial budgets for management and resolve User As issue. What should you do?
Configure Budget Control Threshold (Option A):
Go to Budgeting > Setup > Budget control > Budget control configuration.
Under the Budget thresholds section, configure the threshold percentage (e.g., 90%) to trigger alerts when users are close to their budget limits.
This configuration ensures that alerts are sent to users before they exceed their budget, directly addressing User As issue by setting up notifications to prevent budget overrun.
By setting the threshold, you allow the system to automatically monitor budget usage and notify users accordingly, ensuring adherence to budget constraints as specified by management.
You need to troubleshoot the reporting issue for User7.
Why are some transactions being excluded?
A cable and interne t company implements Dynamics 365 Finance
The primary line of business for the company is internet services. The company also sells routers and modems to customers for an additional one-time cost.
You need to configure revenue recognition.
What should you configure?
You are a Dynamics 365 Finance consultant.
You are currently unable to collaborate or track progress toward month-end close across legal entities in the
current system.
You need to resolve the issue.
What should you configure?
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You are a finance consultant. Your client needs you to configure cash flow forecasting.
The client wants specific percentages of main accounts to contribute to different cash flow forecasts for other
main accounts.
You need to configure Dynamics 365 for Finance to meet the needs of the client.
What should you do?
SIMULATION
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to create a report that contains the sales tax settlements for the state of California during the quarter that began on January 1, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Report folder.
To complete this task, sign in to the Dynamics 365 portal.
Navigate to Tax > Declarations > Report sales tax for settlement period.
Enter the 'From' date.
Select the settlement period (Quarter).
Click 'OK'.
Select Yes in the Create electronic tax document field.
Select the Downloads\Report folder and file format.
Click 'OK'.
Exam domains verified against: Official Microsoft MB-310 exam guide, last checked October 2026.
Set up the chart of accounts, financial dimensions, and main accounts with appropriate categories, aliases and control accounts. Design financial tags and ledger configurations including currency exchange, revaluation, and reporting currencies. Configure journal names, controls, approvals and batch processing. Establish bank groups, payment formats, reconciliation processes including advanced bank reconciliation, cash flow forecasting and currency revaluation. Execute periodic closing processes, financial consolidation, elimination and reporting. Configure tax groups, settlement periods and withholding taxes. Set up cost groups, inventory costing methodologies and perform inventory adjustments.
Configure customers, free text invoices including recurring invoices, sales order invoices and credit memos. Set up customer payment methods, accounts receivable charges and customer posting profiles. Manage customer holds, change approvals and foreign currency revaluation. Process customer payments and configure billing classification. Manage credit limits, collections activities, delinquent customers, customer statements and collection letters. Configure aging definitions and interest notes. Set up billing schedules, contract billing with milestone configuration, and revenue and expense deferrals with recognition schedules.
Sample question from this domain above: Q3
Configure invoice validation policies, invoice matching and vendor groups. Process purchase order invoices, credit memos and prepayments. Set up vendor payment methods, accounts payable charges, and vendor posting profiles. Configure vendor change approvals, bank accounts and foreign currency revaluation. Automate vendor invoice processing including recurring invoices and centralized payments. Configure expense management for categories, per diem, mileage and intercompany expenses. Create and manage expense reports.
Configure budget models, codes, allocation terms and transfer rules. Create and manage budget register entries and compare budgeted values with actual values. Set up budget controls including parameters, fund availability options, control rules and groups. Configure over-budget permissions and activate or deactivate budget control configurations as needed.
Sample question from this domain above: Q1
Create fixed asset groups and configure posting profiles, parameters, books and depreciation profiles. Process acquisitions through purchase orders, journals and projects. Execute disposal transactions, depreciation calculations and fixed asset journal entries. Handle asset splits, reclassifications and transfers. Process derived book acquisitions and depreciation. Create fixed asset budgets and transfer them to the budgeting module.
Sample question from this domain above: Q2
Common questions about the exam itself
