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Infor Certified M3 Finance Consultant Sample Questions (Q69-Q74):

NEW QUESTION # 69
Which one of the following items describes what happens first when the account allocation proposal is approved in A/C Allocation. Update (GLS130)?

  • A. Budget allocations are deleted.
  • B. Account entries are created.
  • C. The budget is updated.
  • D. The transactions that are created on all levels are totaled.

Answer: B
NEW QUESTION # 70
Which one of the following programs allows you to recode, authorize, and approve invoices for payment?

  • A. Supplier Payment.Enter Manual (APS120)
  • B. Supplier Invoice.Recode (APS110)
  • C. Supplier Payment Proposal.Open (APS130)
  • D. Supplier Invoice.Record (APS100)

Answer: D
NEW QUESTION # 71
Which one of the following activities is part of purchase costing?

  • A. Calculating the cost of acquiring items
  • B. Getting acquired items into inventory
  • C. Re-selling acquired items
  • D. Manufacturing items

Answer: A
NEW QUESTION # 72
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. Deviation of demand forecast from actual demand
  • C. System failed to synchronize
  • D. Item out of stock

Answer: B
NEW QUESTION # 73
In some countries, the transactions from the cost accounting module are considered internal entries as opposed to external entries, which are typically generated from an actual document such as an invoice. Which one of the following options is what you need to do to the internal entries?

  • A. Do not distinguish between internal entries and external entries.
  • B. Identify them separately in the general ledger.
  • C. Combine the entries into one entry in the general ledger.
  • D. Identify them as external entries in the general ledger.

Answer: B
NEW QUESTION # 74
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