MB-310 PRACTICE QUESTIONS WITH VERIFIED
ACCURATE SOLUTION 2026
Which of the following financial management functionalities in Finance and Operations
helps companies manage delinquent customers?
A. Accounts receivable
B. Accounts payable
C. Credit and collections
D. General ledger - Answers -C
Which of the following financial management functionalities in Finance and Operations
helps companies cancel wrong deposits?
A. Accounts receivable
B. Cash and bank management
C. Credit and collections
D. General ledger - Answers -C
Which of the following financial management functionalities in Finance and Operations
helps companies to prioritize payments received?
A. Accounts receivable
B. Cash and bank management
C. Credit and collections
D. General ledger - Answers -A
What type of currency is known as a ledger currency?
A. Accounting Currency.
B. Triangulation currency.
C. Reporting currency. - Answers -A
What type of currency is known as a secondary currency?
A. Accounting Currency.
B. Triangulation currency.
C. Reporting currency. - Answers -C
What type of currency is known as a based currency on the Denomination currencies
comparisons page?
A. Accounting Currency.
B. Triangulation currency.
, C. Reporting currency. - Answers -A
Accounting currency - Answers -The monetary unit of measure that is used to record
the converted monetary value of economic transactions in ledger accounts. It may also
be referred to as the "company" or ledger currency.
Reporting currency - Answers -A secondary accounting currency in the financial
modules, that measures the converted monetary value of transactions
Triangulation currency - Answers -You must add the currencies that are denominated
as the triangulation currency, and they should be triangulated through the triangulation
currency during the currency conversion process on the Denomination currencies page
How can a fiscal calendar be copied from one legal entity to another?
A. Use data management.
B. The fiscal calendar is legal entity specific and cannot be copied.
C. 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. - Answers -C
How many opening periods can you have in a fiscal calendar year?
A. two
B. unlimited
C. one - Answers -C
How many closing periods can you have in a fiscal calendar year?
A. two
B. unlimited
C. one - Answers -C
You need to automatically select all vendor payments that are due within the same
week. What should you do?
A. Create a payment method and select Total in the Period field.
B. Create a payment method and select Invoice in the Period field.
C. Create a payment method and select Date in the Period field.
D. Create a payment method and select Week in the Period field. - Answers -D
You want to prevent the Accounts payable clerk from generating payments for a specific
vendor invoice. What option in the On hold field should you select?
A No
B. Invoice
C. All
ACCURATE SOLUTION 2026
Which of the following financial management functionalities in Finance and Operations
helps companies manage delinquent customers?
A. Accounts receivable
B. Accounts payable
C. Credit and collections
D. General ledger - Answers -C
Which of the following financial management functionalities in Finance and Operations
helps companies cancel wrong deposits?
A. Accounts receivable
B. Cash and bank management
C. Credit and collections
D. General ledger - Answers -C
Which of the following financial management functionalities in Finance and Operations
helps companies to prioritize payments received?
A. Accounts receivable
B. Cash and bank management
C. Credit and collections
D. General ledger - Answers -A
What type of currency is known as a ledger currency?
A. Accounting Currency.
B. Triangulation currency.
C. Reporting currency. - Answers -A
What type of currency is known as a secondary currency?
A. Accounting Currency.
B. Triangulation currency.
C. Reporting currency. - Answers -C
What type of currency is known as a based currency on the Denomination currencies
comparisons page?
A. Accounting Currency.
B. Triangulation currency.
, C. Reporting currency. - Answers -A
Accounting currency - Answers -The monetary unit of measure that is used to record
the converted monetary value of economic transactions in ledger accounts. It may also
be referred to as the "company" or ledger currency.
Reporting currency - Answers -A secondary accounting currency in the financial
modules, that measures the converted monetary value of transactions
Triangulation currency - Answers -You must add the currencies that are denominated
as the triangulation currency, and they should be triangulated through the triangulation
currency during the currency conversion process on the Denomination currencies page
How can a fiscal calendar be copied from one legal entity to another?
A. Use data management.
B. The fiscal calendar is legal entity specific and cannot be copied.
C. 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. - Answers -C
How many opening periods can you have in a fiscal calendar year?
A. two
B. unlimited
C. one - Answers -C
How many closing periods can you have in a fiscal calendar year?
A. two
B. unlimited
C. one - Answers -C
You need to automatically select all vendor payments that are due within the same
week. What should you do?
A. Create a payment method and select Total in the Period field.
B. Create a payment method and select Invoice in the Period field.
C. Create a payment method and select Date in the Period field.
D. Create a payment method and select Week in the Period field. - Answers -D
You want to prevent the Accounts payable clerk from generating payments for a specific
vendor invoice. What option in the On hold field should you select?
A No
B. Invoice
C. All
