MB-310 Check-Your-Knowledge study guide
A type of currency known as a ledger currency. - Accounting currency
Functionality in Finance that helps companies to prioritize payments received. -
Accounts receivable
Functionality in Finance that helps companies to cancel wrong deposits. - Cash
and bank management
Functionalities in Finance that helps companies manage delinquent customers. -
Credit and collections
A type of currency known as a secondary currency - Reporting currency
The way a fiscal calendar can be copied from one legal entity to another. -
Associate it with the ledger page of the legal entity since it is shared master data.
Number of opening periods able to have in a fiscal calendar year. - 1
Number of closing periods able to have in a fiscal calendar year. - Unlimited
,MB-310 Check-Your-Knowledge study guide
What system account is not a required system account: Error account, Cash
difference, Year-end result, or Penny difference? - Cash difference
What task is not completed from the chart of accounts in Finance: Create periods,
View a company's financial state, Set standard parameters, or Access
transactions? - Create periods
What account type is used for budgetary control? - Expense
To transfer balances of the Closing sheet forms during the closing process, what
values should be selected to update operating accounts? - Results
What journal type creates a file that can be sent to the organization's bank? -
Customer bank remittance
To best describe one of the benefits of the chart of accounts in Finance, what can
a chart of accounts can be used for? - Multiple legal entities in an organization
What report has the option to show transactions by day, account, dimension, and
period? - Dimension statement
, MB-310 Check-Your-Knowledge study guide
What tab of a journal header has the feature for making a journal private so no
one else can edit the journal? - Blocking
What information is required to create a journal entry? - Accounting date, Ledger
account, Debit or Credit amount, and Offset account
When setting up the chart of accounts for intercompany transactions, which
ledger account type should be specified for the Due to and Due from ledger
accounts? - Balance sheet
For intercompany accounting of companies that share the same chart of accounts,
what needs to be set up to enable intercompany posting to the ledger journal? -
Intercompany journal name in both companies
Using a General journals page to create and post intercompany journals to be
posted, where the journal has one voucher with three lines, what is the minimal
number of vouchers that will be posted, and how many per company? - Two
vouchers total and one voucher for each company
What option is not considered part of setting up an allocation rule: General
settings, Source document, Destination, OR Offset entries? - Source document
A type of currency known as a ledger currency. - Accounting currency
Functionality in Finance that helps companies to prioritize payments received. -
Accounts receivable
Functionality in Finance that helps companies to cancel wrong deposits. - Cash
and bank management
Functionalities in Finance that helps companies manage delinquent customers. -
Credit and collections
A type of currency known as a secondary currency - Reporting currency
The way a fiscal calendar can be copied from one legal entity to another. -
Associate it with the ledger page of the legal entity since it is shared master data.
Number of opening periods able to have in a fiscal calendar year. - 1
Number of closing periods able to have in a fiscal calendar year. - Unlimited
,MB-310 Check-Your-Knowledge study guide
What system account is not a required system account: Error account, Cash
difference, Year-end result, or Penny difference? - Cash difference
What task is not completed from the chart of accounts in Finance: Create periods,
View a company's financial state, Set standard parameters, or Access
transactions? - Create periods
What account type is used for budgetary control? - Expense
To transfer balances of the Closing sheet forms during the closing process, what
values should be selected to update operating accounts? - Results
What journal type creates a file that can be sent to the organization's bank? -
Customer bank remittance
To best describe one of the benefits of the chart of accounts in Finance, what can
a chart of accounts can be used for? - Multiple legal entities in an organization
What report has the option to show transactions by day, account, dimension, and
period? - Dimension statement
, MB-310 Check-Your-Knowledge study guide
What tab of a journal header has the feature for making a journal private so no
one else can edit the journal? - Blocking
What information is required to create a journal entry? - Accounting date, Ledger
account, Debit or Credit amount, and Offset account
When setting up the chart of accounts for intercompany transactions, which
ledger account type should be specified for the Due to and Due from ledger
accounts? - Balance sheet
For intercompany accounting of companies that share the same chart of accounts,
what needs to be set up to enable intercompany posting to the ledger journal? -
Intercompany journal name in both companies
Using a General journals page to create and post intercompany journals to be
posted, where the journal has one voucher with three lines, what is the minimal
number of vouchers that will be posted, and how many per company? - Two
vouchers total and one voucher for each company
What option is not considered part of setting up an allocation rule: General
settings, Source document, Destination, OR Offset entries? - Source document
