Microsoft Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate

Microsoft Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate Certification Practice Test Questions, Microsoft Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate Certification Exam Dumps

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The Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification is granted to individuals who exemplify the financial aspect of Dynamics 365. It signifies that you can successively manage both operations and financials, particularly in technical tasks, workflows, and all customer processes, from ordering to reporting and everything in between. For a thorough guide about this role-based qualification, here’s everything that you need to know about its main requirements, career benefits, and more.

What Are Exams to Pass?

To earn the aforementioned certificate, one has to pass two tests coded MB-300 and MB-310. Both of these tests will contain around 40-60 variously-formatted items to be solved in 180 minutes. Each of these exams will cost $165 and focus on a specific area of finance and operations so make sure to fully cover the objectives listed in the succeeding sections.

MB-300: Microsoft Dynamics 365: Core Finance and Operations

• Recommended candidates

  Do you have a basic understanding of apps involved in finance and operations? Or are you familiar with the key business requirements that are further translated into business methods and solutions? If both your answers are affirmative, then you can be a suitable candidate for MB-300.

• Major exam areas

15 to 20 % for using implementation tools and functionality

Firstly, you have to look into the communal features of functionalities and operations. This way, it will be more perceptible to determine the proper usage of workspaces and address books. The identification of use cases, inquiry & report kinds, Business Document Management, and such are also relevant areas to be discussed. Completing this section is your mastery of defining various use cases for Power Platform applications.

30 to 35 % deal with configuring of processes, options, and security

This domain holds almost half of the exam coverage, hence should be your priority when studying. For the configuration of processes, it’s a must to journey through the key workflows, from the identification of opportunities to the confirmation of properties to troubleshooting of issues. For the security segment, you have to get around basic security roles, permissions, duties, and privileges. For organization admin facets, these mainly cater to the structure of legal entities, number sequences, startup data, hierarchies, attachments, and the like. Also part of the skills measured is system administration peculiarities like usage cases for the Microsoft Excel Workbook Designer.

25 to 30% cover how to manage data operations & finances

Under this objective, you’ll look into three sections like monitoring data, creating a strategy for mitigation, and preparing data chunks for migration. In particular, you will need to know how to deal with Data Management workspaces in addition to templates, the Dual Write, the Finance and Operations apps, and the task automation process for data usage.

15 to 20% shedding light on verifying and reinforcing the solution

Complete your skillset by learning how to assess diverse solutions, define tools for this purpose, use the Task Recorder, etc. In addition, one must be skilled in executing LCS tools and differentiate between Owner and Environment Managers, control Dynamics 365 One Version, and utilize the Business Process Modeler (BPM).

MB-310: Microsoft Dynamics 365 Finance

• Recommended candidates

  Are you a functional consultant with experience in Dynamics 365 for finance and operations, as well as the accounting and financial aspects of the business? Do you have an in-depth awareness of accounts payable, accounts receivable, fixed assets, and such? If yes, you can be a suitable candidate for MB-310 test.

• Exam specifications

50 to 55% explain setting up and structuring financial management

This domain will equip you with the knowledge of account charts as well as main accounts, where you will need to configure and describe them. Then, candidates will be exposed to executing ledgers & currencies and will build fiscal calendars and periods. To know more, this area will also scrutinize how to execute and make use of journals, cash, bank, and cost accounting with management. Finally, applicants must be proficient in defining periodic processes and accumulate multiple report taxes.

10 to 15% highlight the management of accounts like payable and expenses

Within this section, you will need to demonstrate a solid knowledge of implementing accounts payable and their management, where candidates will need to detail invoice validation principles and execute the Vendor Collaboration module. When it comes to expense management, one has to keep in mind how to provide this type of management via different categories, per diem alternatives, and mileage.

20 to 25% for administering accounts receivable, revenue acceptance, credits, and collections

In this part, you will get to know more about accounts receivable and how to properly implement them. Also, you’ll learn how to configure posting profiles of customers and monitor various credits alongside collections, where you will have to look into their management processes. Lastly, examinees need to master revenue recognition, its transactions in addition to schedules.

10 to 15% for handling the budget sector, together with fixed assets

Take on board the key budgeting components, processes, controls, and transfer rules. In this domain, you should be able to expertly work using the Budget Plan to prepare yourself when creating stages, allocations, and scenarios. You will also put the same amount of effort into learning how to direct different fixed assets and their corresponding groups. These encompass the parameters, asset books, and depreciation involved in fixed assets.

What Are Career Opportunities?

This certification is not just restricted to functional consultants. In fact, it can be well-suited for finance and project accounting consultants, support associates, solutions architects, and so on. Likewise, specialists with this particular endorsement from Microsoft are rewarded with a salary range of $46,000 to $89,000 as stated by Glassdoor.

What’s Next Plan for Successful Passers?

Now that you’re done with the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate, you can go after other Dynamics 365 associate-level certification tracks, particularly the Finance and Operations Apps Developer, the Dynamics 365 Supply Chain Management Functional Consultant, and the Supply Chain Management, Manufacturing Functional Consultant. Or if you want to be formidable in this field, get on with the Dynamics 365: Finance and Operations Apps Solution Architect Expert validation.

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