Microsoft Exam MB-310 Questions Answers Test Simulator

MB-310 Exam Topics

Set up and configure financial management40-45%

Define and configure the chart of accounts

• define and configure the chart of accounts and main accounts
• describe use cases for main accounts categories, ledger account aliases, and balance control accounts
• configure financial dimensions and dimension sets
• configure legal entity overrides for financial dimensions and main accounts
• create and configure account structures and advanced rules

Configure ledgers and currencies

• construct fiscal calendars, years, and periods
• configure the ledger
• describe and configure batch transfer rules
• set up currencies and conversions for a legal entity
• manually enter currency exchange rates

Implement and manage journals

• describe options for implementing voucher numbers in journals
• configure journal names
• set up journal controls and posting restriction rules
• describe and configure journal approvals
• create voucher templates
• describe use cases for periodic journals
• configure and apply accrual schemes
• set up intercompany accounting
• create templates to edit journals in Microsoft Excel
• perform reverse entries

Implement and manage cash and bank

• create and maintain bank groups and bank accounts describe and configure electronic payment formats
• configure and process bank reconciliations including advanced bank reconciliations
• configure cash flow reports

Implement cost accounting and cost management

• describe cost accounting processes and terms
• configure cost accounting processes
• create a cost accounting report by using the cost accounting report wizard
• describe and configure the costing sheet and indirect costs
• configure cost objects and cost groups
• implement inventory costing versions
• differentiate between inventory costing methodologies
• configure item groups and posting profiles
• perform inventory closing and adjustment processes

Perform periodic processes

• configure a financial period workspace and closing schedule
• define and demonstrate periodic closing processes and end-of-year processes
• perform financial consolidation and elimination processes
• configure allocation terms for a main account
• create and process ledger allocation rules
• implement foreign currency revaluation processes
• create and manage financial reports including modifying row, column, and report definitions

Configure, collect, and report taxes

• configure tax groups, tax codes, settlement periods, and jurisdiction
• configure tax ledger posting groups
• prepare periodic filings including end-of-year tax reporting

Implement accounts receivable, credit, collections, and revenue recognition15-20%

Implement and manage accounts receivable

• set up customers and customer posting profiles
• configure and process free text invoices
• process orders, invoices, and payments
• configure customer payment setup
• configure accounts receivable charges
• configure bank accounts for customers
• manage customer holds

Manage credit and collections

• configure credit management processes
• configure collections management processes
• manage delinquent customers
• prepare and send customer account statements
• manage customer credit limits and credit holds
• set up and process collection letters and interest notes

Configure revenue recognition

• configure journals and parameters for revenue recognition
• implement revenue schedules
• enter and process revenue recognition transactions

Implement and manage accounts payable and expenses10-15%

Implement and manage accounts payable

• configure invoice validation policies
• set up vendors and vendor posting profiles
• process orders, invoices, and payments
• configure the vendor collaboration module
• configure vendor payments including positive pay and payment calendars
• configure accounts payable charges
• configure bank accounts for vendors
• configure accounts payable journal approval settings

Configure and use expense management

• configure expense management including categories, per diem options, mileage expenses, and personal expenses
• configure workflows for expense management
• describe use cases for expense management policies and the audit workbench
• describe and configure credit card processing
• manage expense reports
• configure and manage cash advance settings
• create and manage travel requisitions

Manage budgeting10-15%

Configure and manage budget controls

• configure budgeting components including budget models, codes, allocation terms, cycles, and transfer rules
• configure budget controls including cycle time spans, budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions
• create and configure registry entries
• implement budget workflows
• perform budget checks on documents and journals

Configure and process budget plans

• define a budget planning process
• plan a budget
• create a budget plan by using scenarios, stages, allocation stages, stage allocations, and templates
• create a budget plan template

Manage fixed assets10-15%

Implement and manage fixed assets

• create fixed assets and fixed assets groups
• configure fixed asset parameters
• describe fixed asset books and depreciation processes
• configure fixed asset books
• configure depreciation

Process fixed asset transactions

• enable integration with purchasing, projects, and free text invoices
• acquire, depreciate, and dispose of fixed assets
• create fixed asset budgets and transfer the budgets to the budgeting module
• estimate and perform an elimination of a project to a fixed asset

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