FSM CERTIFICATION PRACTICE EXAM | 2026 NEW
UPDATE | QUESTIONS AND ANSWERS | WITH
COMPLETE SOLUTION!!
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 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 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 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 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 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 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 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 Answer - Subsequent
Allocations depend on results of the first
UPDATE | QUESTIONS AND ANSWERS | WITH
COMPLETE SOLUTION!!
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 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 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 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 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 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 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 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 Answer - Subsequent
Allocations depend on results of the first
