MB-310 sample exam questions

Tracking use tax across legal entities relies on a ledger posting group for the single payable account and a taxation rule, such as the origin and destination of the goods. A single tax code per country is not required.

The advertising expense balance is the source and is credited back to the same account as offset, then redistributed to the advertising expense account per department. The Basis method uses each department's sales revenue as the proportional allocation basis.

Credit hold blocking rules are built from conditions such as credit limit expired, number of days overdue and terms of payment. Terms of payment and credit limit expiry are valid rule criteria here, while risk group and customer group are not the blocking criteria chosen.

The price per 1,000 gallons changes with the quantity used, so a tiered pricing method is needed. Because billing is based on meter readings entered each period, the billing schedule line is a usage item that is billed from the recorded usage.

The Vendor (external) role lets the contact view consignment inventory. Adding contacts, controlling contact document access and deleting contacts belong to the Vendor administrator role.

Expense policies use the Expenditure internal control hierarchy purpose. Build a department hierarchy, assign it to that purpose, then use Policy parameters to set precedence so department policies override legal entity policies when rules conflict.

Budget cycles define the time span of budgets, for example one, three or five years, and the fiscal years within it. Budget control, budget codes and allocation terms do not set the budget length.

Distribute pushes amounts from a parent plan down to its child department plans. The baseline column must keep the same data at department level, so Baseline is both source and destination, and a multiplier of 1.00 leaves the amounts unchanged.

Selling an externally owned fixed asset like a laptop is done with a free text invoice using the fixed asset account type and a disposal sale transaction. A fixed asset disposal journal or a sales order does not record the customer invoice, and inventory movement journals are for inventory items.

The split needs a target asset, so create it first. The split function then takes the percentage, book, date and journal name and generates a journal that moves value to the new asset. Posting it completes the split; the original acquisition is never deleted.

Automatic matching of captured mobile receipts to card transactions depends on the Expense reports re-imagined feature, which provides the newer receipt matching experience in Expense management. Policies, the workspace, or showing receipts during itemization do not perform matching.

To record a purchase as a new fixed asset, select the fixed asset group at the line, set New fixed asset to yes, and enter three lines with quantity one each. Each asset needs its own line, so one line with quantity three is wrong.

A dimension combination fails when the account structure is still a draft, not active, or when an asterisk for all dimensions is wrongly used so the dimension allows all values and does not validate. Both are structure setup mistakes. Security and legal entity creation are less likely.

For a subsidiary taxing in China, define sales tax groups for transactions occurring there, which control the applicable taxes. Reporting currency, dual currency, and settlement authority changes do not redefine the taxing jurisdiction.

A closing period is an extra period at year end used for adjustments and closing entries without altering the regular twelve periods. Dividing the twelfth period, adding a year, or creating a new calendar does not provide the adjustment period.