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NEW QUESTION # 44
Which one of the following processes updates the standard cost of an item?
- A. Getting acquired items into inventory
- B. Re-selling acquired items
- C. Manufacturing items
- D. Calculating the cost of acquiring items
Answer: D
NEW QUESTION # 45
You want to create account entries for goods receipt when exiting Purchase Order. Receive Goods (PPS300) so that general ledger is updated. Which one of the following Create Account Entries at Goods Receipt field alternatives must you select on CAS900 so this happens?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 46
Which three of the following options are grouped into classes and sub-classes in order to process supplier invoices? (Choose three.)
- A. Payment type
- B. Payment file
- C. Payment batch
- D. Payment class
- E. Payment method
Answer: A,D,E
NEW QUESTION # 47
Which one of the following describes the relationship of the Financial Application Management (FAM) functions with the Accounts Payable workflow?
- A. Permit only single detail records to be attached to the main record
- B. Entirely control the workflow
- C. Have nothing to do with the workflow
- D. Control some of the workflow
Answer: C
NEW QUESTION # 48
You are creating a supplier bank account. Which one of the following types of bank account do you need to create that?
- A. Bank account type 2
- B. Bank account type 3
- C. Bank account type 1
- D. Bank account type 4
Answer: C
NEW QUESTION # 49
Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)
- A. Accounting types
- B. Accounting identity
- C. Accounting events
- D. Accounting strings
Answer: A,C
NEW QUESTION # 50
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
- A. Accounting string error
- B. Rounding differences error
- C. Currency error
- D. Zero Price error correct
Answer: B,D
NEW QUESTION # 51
Which one of the following programs allows you to manually enter supplier invoices for payment?
- A. Supplier Payment Proposal.Open (APS130)
- B. Supplier Invoice. Recode (APS110)
- C. Supplier Invoice.Record (APS100)
- D. Supplier Invoice Batch.Open (APS450)
Answer: B
NEW QUESTION # 52
Which one of the following is a reason that a cost account error may be generated?
- A. Transaction price missing due to missing inventory value of the item
- B. Item out of stock
- C. Deviation of demand forecast from actual demand
- D. System failed to synchronize
Answer: C
NEW QUESTION # 53
The manufacturing order processing flow includes the following four tasks:
1. Production receipt
2. Issue material to manufacturing order
3. Create manufacturing order
4. Report operations
Which one of the following is the correct order in which those tasks should be performed?
- A. 2, 3, 1, 4
- B. 3, 2, 4, 1
- C. 1, 2, 3, 4
- D. 4, 3, 2, 1
Answer: C
NEW QUESTION # 54
Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?
- A. Cost account entry
- B. Payment proposal
- C. Journal voucher entry
- D. Invoice proposal
Answer: B
NEW QUESTION # 55
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Open
- B. Item. Location
- C. Item. Warehouse
- D. Item. Facility
- E. Item. Company
Answer: B,C,D
NEW QUESTION # 56
Which one of the following programs do you use to define settings for cost accounting?
- A. Internal Account Entry. Create (CAS950)
- B. Order Costing Balance File. Display (CAS330)
- C. Settings - Cost Accounting (CAS900)
- D. Order Costing. Release (CAS320)
Answer: C
NEW QUESTION # 57
You want to enter an invoice as Invoiced/Goods Not Received when the invoice is matched to a PO in Supplier Invoice. Record (APS100). Which one of the following master supplier fields indicates whether it is possible to do that?
- A. Inv approv cond (Invoice approval condition 1)
- B. Inv approv cond (Invoice approval condition 2)
- C. Inv approv cond (Invoice approval condition) 3
- D. Auto inv approve (Automatic invoice approval code)
Answer: C
NEW QUESTION # 58
You need to show all unpaid accounts receivable invoices, including credit invoices, per payer or customer and currency. Which one of the following statements should you create?
- A. Accounts Receivable Display Additional Information Statement
- B. Payment Advice Statement
- C. Balance Brought Forward Statement of Account
- D. Open Item Statement of Account
Answer: D
NEW QUESTION # 59
A customer calls a facility from a division to purchase a product. You create a customer order to manage the delivery to the customer from another warehouse belonging to a different division. The customer later receives an invoice from the facility that received the order, and the goods are sent from the warehouse belonging to the other division. Which one of the following items represents the Infor M3 invoicing system that manages invoices between different divisions belonging to the same company?
- A. Business Performance Warehouse
- B. Multi-unit coordination (MUC)
- C. Consolidation
- D. Cost accounting
Answer: B
NEW QUESTION # 60
Which two of the following situations create account entries for accounting rule PP10? (Choose two.)
- A. Supplier's invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)
- B. Goods receipts are deleted in Purchase Order. Display Line Trans (PPS330)
- C. Goods are reported as received in Purchase Order. Receive Goods (PPS300)
- D. Goods are reported as received in Purchase Order. Put Away Goods (PPS320)
Answer: A,D
NEW QUESTION # 61
You are matching a purchase order to a supplier invoice. There is a difference between the purchase order record and the amount of the invoice received from the supplier. Which one of the following tasks do you complete prior to recoding the invoice?
- A. Split the invoice
- B. Approve the invoice variance
- C. Reject the invoice for payment
- D. Approve the invoice for payment
Answer: B
NEW QUESTION # 62
Which one of the following is created when an invoice is received in Infor M3 as a document record relating to a business transaction?
- A. Voucher
- B. Accounting rule set
- C. Statement of Account
- D. Credit memo
Answer: D
NEW QUESTION # 63
Which one of the following programs do you typically use to select one costing model for purchase costing and one for distribution costing for each combination of item and facility?
- A. Costing Element. Open (PPS280)
- B. Settings - Product Costing (PCS001)
- C. Item. Connect Facility (MMS003/F)
- D. Settings - Purchasing (CRS780)
Answer: B
NEW QUESTION # 64
Which one of the following items describes what happens first when the account allocation proposal is approved in A/C Allocation. Update (GLS130)?
- A. The transactions that are created on all levels are totaled.
- B. Budget allocations are deleted.
- C. The budget is updated.
- D. Account entries are created.
Answer: D
NEW QUESTION # 65
Which two of the following rules are primarily used for processing customer invoices and credit notes? (Choose two.)
- A. AR30
- B. AR50
- C. AR20
- D. AR10
Answer: A,D
NEW QUESTION # 66
You have an invoice where the invoiced quantity is not equal to the received quantity. You do not expect to receive any more goods for the purchase order.
Which one of the following options is a way you can handle this invoice using Supplier Invoice.Match GR Line (APS360)?
- A. Correct the incorrect account entries
- B. Pay the invoice
- C. Create a debit note
- D. Automatically close the invoice line
Answer: C
NEW QUESTION # 67
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