MB-310 Practice exam latest 2024
Which system account is not a required system account? - Cash difference
Which task is not completed from the chart of accounts in Finance? - Create
periods
Which account type is used for budgetary control? - Expense
You plan to transfer the balances to the Closing sheet forms during the closing
process. What option should you select to update operating accounts? - Result
Which functionality in Finance helps companies manage delinquent customers? -
Credit and collections
Which functionality in Finance helps companies cancel wrong deposits? - Cash
and bank management
Which functionality in Finance helps companies to prioritize payments received? -
Accounts receivable
What type of currency is known as a ledger currency? - Accounting currency
, MB-310 Practice exam latest 2024
What type of currency is known as a secondary currency? - Reporting currency
How can a fiscal calendar be copied from one legal entity to another? - The fiscal
calendar is shared master data, so there is no need to copy it. You only need to
associate it with the Ledger page of the legal entity
How many opening periods can you have in a fiscal calendar year? - One
How many closing periods can you have in a fiscal calendar year? - Unlimited
Which journal type registers basic information about customer invoices? - Invoice
register
Which journal type creates a file that can be sent to your organization's bank? -
Customer bank remittance
What is one of the benefits of the chart of accounts in Finance? - A chart of
accounts can be used for multiple legal entities in an organization.
Which system account is not a required system account? - Cash difference
Which task is not completed from the chart of accounts in Finance? - Create
periods
Which account type is used for budgetary control? - Expense
You plan to transfer the balances to the Closing sheet forms during the closing
process. What option should you select to update operating accounts? - Result
Which functionality in Finance helps companies manage delinquent customers? -
Credit and collections
Which functionality in Finance helps companies cancel wrong deposits? - Cash
and bank management
Which functionality in Finance helps companies to prioritize payments received? -
Accounts receivable
What type of currency is known as a ledger currency? - Accounting currency
, MB-310 Practice exam latest 2024
What type of currency is known as a secondary currency? - Reporting currency
How can a fiscal calendar be copied from one legal entity to another? - The fiscal
calendar is shared master data, so there is no need to copy it. You only need to
associate it with the Ledger page of the legal entity
How many opening periods can you have in a fiscal calendar year? - One
How many closing periods can you have in a fiscal calendar year? - Unlimited
Which journal type registers basic information about customer invoices? - Invoice
register
Which journal type creates a file that can be sent to your organization's bank? -
Customer bank remittance
What is one of the benefits of the chart of accounts in Finance? - A chart of
accounts can be used for multiple legal entities in an organization.
