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Skills measured
- Manage budgeting and fixed assets (10-15%)
- The content of this exam will be updated on August 27, 2021. Please download the exam skills outline below to see what will be changing.
- Set up and configure financial management (50-55%)
- Implement accounts receivable, credit, collections, and revenue recognition (20-25%)
- Implement and manage accounts payable and expenses (10-15%)
Providing System Services
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Implementing Accounts Receivables, Collections, Credits, and Revenue Recognitions (20-25%):
- Manage collections and credits: this section requires your skills in configuring credit management procedures; configuring collections management procedures; managing delinquent customers; preparing and sending customer account statements; managing customer credit holds and credit limits; setting up and processing interest notes and collection letters;
- Manage and implement account receivable: this subject area comes with the individuals’ competence in setting up customer posting profiles; configuring and processing free text invoices; processing orders, invoices & payments; configuring customer payment setup; configuring account receivable charges;
- Configure the revenue recognition: this module covers competence in implementing revenue schedules; entering and processing revenue recognition transactions; configuring journals & parameters or revenue recognition.
Versions Can Meet Different Needs
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Step 6: Enjoy self-evaluation time
The last step of any successful preparation process involves self-evaluation. Take several practice tests so that you can diversify your study strategy in order to ensure the best results. When you analyze your answers, you will be able to find out what areas you should still give special attention to. Taking practice tests will also help you become aware of your alignment with the objectives of the actual exam.
Reference: https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310
Managing Fixed Assets & Budgeting (10-15%):
- Manage and implement fixed assets: the individuals should have the skills in creating fixed assets groups and fixed assets; configuring fixed asset parameters; explaining and configuring fixed asset depreciation and books; enabling integration with purchasing and projects; acquiring, depreciating, and disposing of fixed assets; estimating and performing eliminations of projects to fixed assets; creating fixed asset budgets and transferring budgets to budgeting modules.
- Manage and configure budgeting processes: this topic covers one’s skills in configuring the budgeting components; creating the budget plan; defining the budget planning process and planning a budget; configuring budget controls; creating and configuring registry entries; implementing budget workflows; performing budget checks on journals and documents;

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