MB-310 practice test

Financial dimensions, the chart of accounts and main accounts, categories, aliases and balance control accounts, legal entity overrides, account structures and advanced rules, financial tags and derived dimensions, exchange rates and revaluation profiles, accounting and reporting currencies, calendars, posting layers, ledger allocation rules, journal names, controls and restrictions, periodic and intercompany journals, Excel-based journal entry, cash and bank with payment formats and advanced reconciliation, cash flow forecasting, netting, period close, consolidation and elimination, ledger settlement, and tax from groups and codes through to settlement and withholding.

Customers and customer groups, free text and recurring invoices, sales order invoicing, credit memos and prepayments, payment methods, charges, posting profiles and customer payments, foreign currency revaluation, billing classifications and customer bank accounts, credit management and collections with activities, delinquency, collection letters, aging, credit holds, write-offs and interest notes, and subscription billing with billing schedules, contract billing, milestones and the deferral and recognition of revenue and expense.

Invoice validation policies and matching, vendor groups, vendors and posting profiles, invoices and credit memos with and without purchase orders, prepayments and intercompany invoices, vendor payment methods, charges and bank accounts, foreign currency revaluation, the vendor invoice journal, recurring invoices, centralised payments, and expense management with categories, per diem and mileage, personal and intercompany expenses, and expense report policies.

Budget models, codes, allocation terms and transfer rules, budget register entries, comparing budget with actual, budget control with its parameters, fund availability options, rules, groups and over-budget permissions, validating control on transactions, and budget planning with scenarios, allocations and the organisation hierarchy behind the planning process.

Fixed asset groups and attributes, posting profiles, books including derived books, depreciation profiles, creating and managing assets, mapping groups to books, acquisition through purchase orders, journals, inventory journals and projects, disposal through free text invoices, asset budgets transferred to budgeting, depreciation including across companies, and splits, reclassifications and transfers through the fixed asset journal.