FSM Certification Practice Exam UPDATED
QUESTIONS AND CORRECT ANSWERS
Which one of the following can you add to an invoice or a vendor so the Payable application
will not select that invoice or the vendor's invoices for payment?
Term Code
Delay Code
Hold Code
Payable Code - CORRECT ANSWER Hold Code
.You are using a previous day bank statement to reconcile Payroll transactions that are outside
of Infor. Which one of the following are interfaced into Infor FSM cash management to
reconcile with bank statement line transaction?
Cash ledger transactions
Direct forecasts
Indirect forecasts
Non-Cash ledger transactions - CORRECT ANSWER Non-Cash ledger transactions
You are performing a payable accrual reconciliation and need to enter a write-off of an item
and amount. On which one of the following tabs of the AP Accrual Reconciliation form do
you enter write-off information?
Period Details Tab
Period End Distributions Tab
Accrual Codes Tab
Reconciling Amounts Tab - CORRECT ANSWER Reconciling Amounts Tab
4.A Payable Invoice Processor has created an invoice and routed the invoice to a team of
approvers. Which one of the following will the approvers receive in their inbasket?
,Approval code
Output file
Work Unit
Task - CORRECT ANSWER Task
An organization wants to allocate technology expenses for a North American cost center
evenly to the Northeast, Upper Midwest, and Pacific Coast cost center. Which one of the
following position option combinations should they use?
Consolidate/Compute
Consolidate/Retain
Compute/Split
Consolidate/Split - CORRECT ANSWER Consolidate/Split
You would like to turn on the journal approval feature so that any amount over $10,000 is
routed for approval. At which one of the following levels do you set up the journal approval?
Enterprise Company
Global Ledger Company
Finance Enterprise Group
Accounting Entity - CORRECT ANSWER Accounting Entity
Which one of the following contains security classes and determines the objects, application,
data an actor has access to, and the action an actor can perform?
Identities
Agents
Rules
Roles - CORRECT ANSWER Roles
, When NW Lumber adds a Default Step to Allocation, it is added because which one of the
following reasons?
Auto fill created it
Is required when line is activated
Subsequent Allocations depend on results of the first
Is required as more than 2 allocations are created - CORRECT ANSWER Subsequent
Allocations depend on results of the first
Assets must be in which one of the following statuses before you can depreciate the assets
and complete the month-end close?
Released
Disposed
In Program
Interfaced - CORRECT ANSWER Released
You are setting up bank reconciliation information in Infor FSM Cash Management. When
you need more flexibility in selection transactions to match and reconcile, which one of the
following would you use?
Reconciliation templates
Reconciliation match rules
Reconciliation groups
Reconciliation levels - CORRECT ANSWER Reconciliation match rules
When interfacing transactions to capitalize from Project Ledger, you are required to enter
which one of the following?
Asset clearing account
QUESTIONS AND CORRECT ANSWERS
Which one of the following can you add to an invoice or a vendor so the Payable application
will not select that invoice or the vendor's invoices for payment?
Term Code
Delay Code
Hold Code
Payable Code - CORRECT ANSWER Hold Code
.You are using a previous day bank statement to reconcile Payroll transactions that are outside
of Infor. Which one of the following are interfaced into Infor FSM cash management to
reconcile with bank statement line transaction?
Cash ledger transactions
Direct forecasts
Indirect forecasts
Non-Cash ledger transactions - CORRECT ANSWER Non-Cash ledger transactions
You are performing a payable accrual reconciliation and need to enter a write-off of an item
and amount. On which one of the following tabs of the AP Accrual Reconciliation form do
you enter write-off information?
Period Details Tab
Period End Distributions Tab
Accrual Codes Tab
Reconciling Amounts Tab - CORRECT ANSWER Reconciling Amounts Tab
4.A Payable Invoice Processor has created an invoice and routed the invoice to a team of
approvers. Which one of the following will the approvers receive in their inbasket?
,Approval code
Output file
Work Unit
Task - CORRECT ANSWER Task
An organization wants to allocate technology expenses for a North American cost center
evenly to the Northeast, Upper Midwest, and Pacific Coast cost center. Which one of the
following position option combinations should they use?
Consolidate/Compute
Consolidate/Retain
Compute/Split
Consolidate/Split - CORRECT ANSWER Consolidate/Split
You would like to turn on the journal approval feature so that any amount over $10,000 is
routed for approval. At which one of the following levels do you set up the journal approval?
Enterprise Company
Global Ledger Company
Finance Enterprise Group
Accounting Entity - CORRECT ANSWER Accounting Entity
Which one of the following contains security classes and determines the objects, application,
data an actor has access to, and the action an actor can perform?
Identities
Agents
Rules
Roles - CORRECT ANSWER Roles
, When NW Lumber adds a Default Step to Allocation, it is added because which one of the
following reasons?
Auto fill created it
Is required when line is activated
Subsequent Allocations depend on results of the first
Is required as more than 2 allocations are created - CORRECT ANSWER Subsequent
Allocations depend on results of the first
Assets must be in which one of the following statuses before you can depreciate the assets
and complete the month-end close?
Released
Disposed
In Program
Interfaced - CORRECT ANSWER Released
You are setting up bank reconciliation information in Infor FSM Cash Management. When
you need more flexibility in selection transactions to match and reconcile, which one of the
following would you use?
Reconciliation templates
Reconciliation match rules
Reconciliation groups
Reconciliation levels - CORRECT ANSWER Reconciliation match rules
When interfacing transactions to capitalize from Project Ledger, you are required to enter
which one of the following?
Asset clearing account
