Microsoft MB-310: Microsoft Dynamics 365 Finance Functional Consultant

Last checked October 22, 2026 against the official Microsoft exam page.

1. Question 1General ledger and financial reporting

   A finance manager wants to review the trial balance for a period. Which report provides debit and credit totals per account?

   1. AVendor payment proposal
   2. BProduct catalogue
   3. CTrial balance
   4. DShipping label report
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   Correct answer: C

   The trial balance lists account balances with debit and credit totals for a period. Payment proposals, catalogues and shipping labels are unrelated.

2. Question 2Configure and set up finance

   A company operates across several legal entities and wants each to keep its own general ledger while sharing a common chart of accounts. Which configuration in Dynamics 365 Finance supports this?

   1. AUse one legal entity for every transaction and separate the subsidiaries' figures with free-text comments
   2. BCreate separate legal entities and share the chart of accounts through the main account structure
   3. CDisable the chart of accounts for subsidiaries so their transactions post to the parent's default ledger
   4. DCreate separate databases for each entity with their own copy of the chart of accounts and a nightly sync job
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   Correct answer: B

   Legal entities keep separate ledgers while the chart of accounts structure can be shared. One entity with comments, separate databases and disabled charts do not meet the requirement.

3. Question 3Accounts payable and receivable

   A vendor sends an invoice for goods that were received on a purchase order. The company wants the invoice matched to the purchase order and receipt before payment. Which matching policy supports this?

   1. AMatching the gross invoice amount against bank statement lines before payment
   2. BPaying the invoice in advance before receiving the goods
   3. CSkipping matching because the vendor invoice is already trusted
   4. DThree-way matching of purchase order, product receipt, and invoice
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   Correct answer: D

   Three-way matching checks the order, receipt and invoice before payment. Trusting invoices, bank-only matching and paying before receipt bypass controls.

4. Question 4Fixed assets and cash management

   A company buys a machine that will be depreciated over five years using the straight-line method. Which set-up is required in Dynamics 365 Finance?

   1. AA purchase order recorded with no fixed asset record created
   2. BA vendor record for the machine, with its price held on a supplier invoice
   3. CAn expense account charged directly with no depreciation schedule
   4. DA fixed asset with a depreciation profile using straight-line over five years
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   Correct answer: D

   A fixed asset with a straight-line depreciation profile automates the depreciation schedule. A purchase order alone, an expense account without depreciation and a vendor record do not depreciate the asset.

5. Question 5Cost and project accounting

   A company wants to allocate indirect costs to projects based on hours worked. Which allocation method is used?

   1. ASplitting costs equally without any basis
   2. BEntering the allocation manually for each project each month
   3. CAllocation rules based on a driver such as hours worked
   4. DIgnoring the indirect costs
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   Correct answer: C

   Allocation rules with a driver like hours allocate costs in proportion to usage. Equal splits without basis, manual monthly entries and ignoring costs are less accurate or incomplete.