Table of Contents
The Microsoft MB-310 exam is set up so that it evaluates a candidate's proficiency with the following abilities:
Due to the size of this domain, it has been further divided into seven sections. First, in the first section, you will learn more about financial dimensions, major accounts, and ledger account aliases as well as abilities for designing and setting the chart of accounts. Building fiscal calendars and installing ledger features are two of the skills needed for the second subcategory, which is centered on configuring ledgers and currencies. This category also calls for the ability to specify and define batch transfer rules and to set up currencies and conversions for a legal entity. Implementing and managing journals is the third area. In this regard, the candidates must emphasize their ability to develop journal names and outline possibilities for using voucher numbers in articles. The candidates should also examine their proficiency in describing use cases for periodic journals and establishing and applying accrual methods, among other sections. The following objective, handling cash, calls for knowledge of authoring and processing bank reconciliations, specifying and configuring electronic payment forms, and building and maintaining bank groups with bank accounts. Some of the scopes examined in the cost accounting and cost management section include the potential to define cost accounting processes and concepts and produce a cost accounting report using the Cost Accounting Report wizard. Executing periodic operations, which are focused on closing schedules, financial consolidation, and other ledger allocation regulations is another important area of this issue.
There are two components to the second sector. You must have an understanding of designing invoice validation policies, creating vendor posting profiles, and processing orders, invoices, and payments to implement and manage accounts payable. In addition to charges, the coverage includes establishing the vendor collaboration module and payment calendars. The configuration and use of expenditure management, which covers per diem options, personal and mileage expenses, credit card processing, and the Audit workbench, is the focus of the second tested area of this domain.
The implementation of accounts receivable, credit, collection, and revenue recognition, which detail three subcategories, is the next examined area. The first involves developing and managing accounts receivable, which includes knowledge of how to configure and handle free text orders, invoices, and payments as well as how to build up customer posting profiles. The second subtopic, dealing with delinquent clients and managing consumer credit limitations, is monitoring credit and collections. Candidates must be outstanding at patterning journals & parameters and executing revenue schedules to succeed in the third aim, which deals with configuring revenue recognition.
Fixed asset management and budgeting is the last domain, and it is divided into two parts. Configuring and overseeing budgeting procedures comes first. You should be able to organize budgeting components, specify a budget planning procedure, put budget workflows into place, and carry out budget checks in this section. Implementing and managing fixed assets, which assesses your capacity for developing a variety of fixed assets and fixed asset groups, completes the tested capability. You can learn more about criteria, books, and depreciation for fixed assets in this section as well.
In preparation for the Microsoft MB-310 exam, candidates need to demonstrate an understanding of fundamental accounting concepts and procedures.
The Microsoft MB-310 exam costs 165 USD for each candidate.
All candidates are required to finish 40-60 questions in 120 minutes.
One of the most respected certifications in the IT sector is a Microsoft Dynamics certification. Employers and recruiters are actively looking for applicants with these highly desirable qualifications, as is evident by a glance at LinkedIn to discover that competent professionals are in high demand. These certificates can give you the edge in a market where employment is fierce by showcasing your dedication to your job, honing your talents, and establishing your competence.
Obtaining certification is a wise investment in both your personal and professional development, whether you're trying to advance your career, simply want to increase your knowledge, or are trying to upskill your staff.
Boost your reputation as an expert in Dynamics
By earning a Microsoft Dynamics certification, you will establish your expertise in the field and have access to a wide range of work prospects. Over 14 consultants have claimed that after becoming a Certified Dynamics Professional, their salaries increased, so if you're not searching for a position shift, you might be lucky to experience the same.
In the UK, the average income is £65,000, in the USA, $119,000, in Denmark, 626,000 DKK, and Germany, €67,000. High earnings are also an obvious draw for Certified Dynamics consultants. Freelancers and contract consultants can expect to make between $80 and $165 per hour on average.
Business financials and operations on a domestic and international scale are unified by Dynamics 365 Functional Consultants, who also take on board important business activities. They play a crucial part in optimizing client orders, sales, bills, and reporting while automating processes and workflows; their expertise can completely change a company.
Employing certified Microsoft Dynamics 365 consultants is undoubtedly advantageous for firms; having this knowledge on staff will increase client trust and encourage referrals.
It's important to note that a company must hire a certain number of certified consultants to be compliant and get Silver or Gold Microsoft Partner certification and become a Microsoft-recommended IT service provider.
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