Certification Exam Guide. Infor Certified M3 Finance Consultant v13.3 Exam #: MC-FC13-110

Transcription

1 Certification Exam Guide Infor Certified M3 Finance Consultant v13.3 Exam #: MC-FC13-110

2 Target Audience The exam targets the skills and abilities required by an M3 Finance Consultant with relevant experience to successfully implement and configure customer solutions to meet the customer's business needs. Exam Details Exam number: M3-FC Onsite or Online, proctored 70 questions 90 minute time limit Schedule and Register Below are the steps to schedule and register for an onsite or online proctored exam. Onsite Prior to registering for an exam, please follow the steps below to register for your preferred exam date/time: 1. If required, create a new account by clicking here. 2. If you already have an account, login to Webassessor. 3. Click Register for an Exam. 4. Find the exam you wish to attempt. 5. Click Select next to the Onsite Proctored option. 6. Search for a test center or choose one of the closest test centers listed. 7. Select your preferred date and time to attempt the exam. (Test centers set their own testing schedules.) 8. Read and accept the Terms and Conditions and then click Select. 9. If you have a Voucher/Coupon code, enter the code and click Apply. 10. If the exam details are correct, click Checkout. 11. If using a credit card, choose your payment type and click Submit. 12. After confirming payment, click Done. 13. You will receive a confirmation with your Test Taker Authorization Code and additional onsite details. Please Note: Ensure you have your Test Authorization Code with you when you arrive at the test center. You cannot attempt your exam without the Test Authorization Code, and no refund will be provided. Please arrive at the test center at least 15 minutes prior to your scheduled exam. Parking and other test center specific instructions are included in your confirmation . Register here

3 Online Prior to registering for an exam, please follow the steps below at least 5 days prior to you preferred exam date/time: 1. Test your Internet connection. Run the test twice: once with the default server and then to a server in Arizona (e.g. Phoenix, AZ; Tempe AZ, Tucson, AZ; etc.) Results to an Arizona server must meet these minimum requirements: o Ping times must be less than 200ms o Jitter must be less than 50ms o Download and upload must be greater than 1Mbps 2. Ensure your computer meets other requirements outlined in this Guide. Some of the requirements are: o A webcam is required - built in webcams ARE permitted o A microphone is required - headsets are NOT permitted o Sentinel Secure software must be installed (MS Windows and MAC supported) 3. If you encounter any problems, contact Kryterion Support: o Voice: (U.S.) or (International) o Live Chat: then click on "LIVE HELP" o OLPsupport@KryterionOnline.com 4. If required, create a new account by clicking here. 5. If you already have an account, login to Webassessor. 6. Click Register for an Exam. 7. Find the exam you wish to attempt. 8. Click Select next to the Online Proctored option. 9. Select your preferred date and time to attempt the exam and click Select. 10. Read and accept the Terms and Conditions and then click Select. 11. If you have a Voucher/Coupon code, enter the code and click Apply. 12. If the exam details are correct, click Checkout. 13. If using a credit card, choose your payment type and click Submit. 14. After confirming payment, click Done. 15. You will receive a confirmation . Register here

4 Exam Topic Area Summary The following summarizes the percentage of each topic area included on the exam: Using - 49% Setup & Configuration - 46% Processing - 3% Reporting - 2% Related Training and Documentation Although not required, the following training courses and documentation cover content included in this exam: Training courses found on Campus: M3: v13x Configuring Ad Hoc Reports M3: v13x Configuring Costing and Internal Accounting M3: v13x Configuring Financial Accounting M3: v13x Manufacturing Foundation Other documentation found on Infor Documentation Infocenter: M3 Financial Accountant User Guide M3 Sales Management User Guide Exam Objectives by Topic Area and Resource This certification exam includes the following exam objectives by topic and resource. Topic Area and Percentage Resource and related exam objective(s) Using Setup & Configuration Processing Reporting 49% 46% 3% 2% M3: v13x Configuring Ad Hoc Reports Describe how Infor M3 Ad Hoc Reporting will enable you to build your own reports over any standard or customer-built Infor M3 tables. M3: v13x Configuring Costing and Internal Accounting Analyze purchase costs. Calculate a distribution cost. Calculate a purchase cost. Create and display cost accounting for a customer order. Define the main configuration settings for cost accounting, including Financial Application Management (FAM) functions, general ledger settings and accounting rules. Define the main configuration settings for order costing. Describe concepts related to distribution costing and accounting in Infor M3. Describe concepts related to purchase costing and accounting in Infor M3. Identify key design considerations for configuring the cost accounting module.

5 Topic Area and Percentage Resource and related exam objective(s) Using Setup & Configuration Processing Reporting Describe Accounting string replacement (Internal Cost Accounting). Describe Correcting cost accounting errors (Internal Cost Accounting). Describe the types of cost accounting errors (Internal Cost Accounting). Perform Manufacturing Order costing (Internal Cost Accounting). Perform basic cost accounting process flow including create internal accounting entries, transfer them to the general ledger and make adjustments. Perform the basic process flow for processing manufacturing orders for cost accounting. Review a distribution costing model. Review a purchase costing model. M3: v13x Configuring Financial Accounting Define an exception rule. Describe a payment proposal and configuration options. Describe an accounting rule. Describe the Accounts Payable accounting options table. Describe the areas that must be defined for the General Ledger module. Describe the available configuration options and tables to enable supplier invoice entry. Describe the characteristics of the Financial Application Management (FAM) functions related to processing supplier invoices. Describe the impact of Financial Application Management (FAM) functions in relation to the Accounts Payable process. Explain the role and characteristics of supplier bank accounts in relation to Accounts Payable. List the Accounts Payable master files and the programs you use to access them. List the financial functions available within the supplier master file. List the main configuration settings for Accounts Receivable. List the main programs that are central to General Ledger and related configuration. List the three components of an accounting rule. Describe Allocations in GLS130. Describe AP Manual Invoice processing (Accounts Payable). Describe Customer order invoicing (Accounts Receivable). Describe how to set up Calendars. Describe purchase order invoice matching (Accounts Payable). Describe Recoding Supplier Invoices (Accounts Payable). Describe registering supplier invoices (Accounts Payable). 49% 46% 3% 2%

6 M3: v13x Manufacturing Foundation Describe the basic data and setup required to run the main process flows in Infor M3. Explain how financial management and control are part of the Infor M3 integrated solution. M3 Financial Accounting User Guide Create Customer Statement (Accounts Receivable). Describe Annual Close in GLS995. Describe Error Handling in GLS037, GLS047, and CAS300. Describe Finance Problem Solving (General Ledger). Describe how to configure Fixed Assets. Describe VAT Reporting (Tax Management). Describe Year End Parameter Maintenance (General Ledger). Describe Closing Purchase invoices (Accounts Payable) M3 Sales Management User Guide Describe Invoice Post Processing (Accounts Receivable). Questions and Help Additional Certification Program information is available at Additional information about Infor Education training courses is available at If you experience any issues when registering for a certification exam, please contact olpsupport@kryteriononline.com. If you need help registering for a training course, please contact: For Americas: EducationAmericas@infor.com For Europe, the Middle East and Africa: EducationEMEA@infor.com For Asia Pacific: EducationAPAC@infor.com

7 Sample Questions The sample questions below provide examples of the types of questions included on the certification exams delivered through the Webassessor testing platform. The correct answers are provided for reference purposes only in the following Key to Sample Questions section. Note: The Webassessor platform randomizes all certification question items and answer options during the exam. 1. You have corrected several cost accounting string errors on Internal Account Entry.Open (CAS300). Which one of the following programs do you need to run to ensure the general ledger is updated with these corrections? A. Internal Account Entry.Create (CAS950) B. Internal Accounting Entry.Transfer to GL (CAS960) C. Internal Allocation.Calculate (CAS130) D. Journal Voucher.Enter (CAS100) 2. Which one of the following statements describes the function of a supplier bank account? A. It is used to change the authorized user automatically during invoice approval. B. It is used to transfer supplier invoices to another authorized user. C. It is used to create a cost center. D. It is used to configure the system for electronic payments as well as check payments. 3. Which one of the following is what the invoice system Infor M3 has to manage invoices between different divisions belonging to the same company? A. Business Performance Warehouse B. Consolidation C. Cost accounting D. Multi-Unit Coordination 4. Which one of the following is a tool used to import configuration data for ad hoc reporting between different companies or environments in the Infor M3 Business Engine? A. Infor LifeCycle Manager B. Infor M3 IU Adapter C. Infor M3 Report Manager D. StreamServe 5. Select from the drop-down lists on the right the field that corresponds with each description on the left. Use each option only once. A. B. The exchange rate used when prices are converted to local currency Indicates whether a goods receipt transaction is to be matched to an invoice line of type 2 Auto inv approve Exch rate type C. Indicates if sales tax or other tax surcharges are included Tax ID no suppl D. The tax registration number of the company Tax included Note: In Webassessor the responses on the right display in a drop-down list box.

8 6. Which three of the following are Financial Application Management (FAM) functions related to Accounts Receivable (AR)? Choose 3 answers. A. AR05 Manual entry of supplier invoices B. AP20 Manually creating invoice C. AR30 Manual entry of customer payments D. AR40 Entry of receive orders in batch file E. AR10 Manual entry of supplier payments made 7. Which one of the following programs do you use to automatically record the year-end profit or loss? A. General Ledger. Calculate Profit/Loss (GLS995) B. Balance File. Update with Outcome (GLS915) C. General Ledger Balance File. Analyze (GLS940) D. Account. Reconcile Internally (GLS185) 8. You have set up a purchase costing model. Which one of the following fields do you use to add elements for setup price and extra transport fees? A General purchase costing model B General costing model - subcontract C Default priority order - price calculation D Allowed price variance - amount 9. Which one of the following is the reason for most cost account errors? A. Accounting rule error B. Missing inventory price C. Rounding error D. Unbalanced account entry 10. Select from the drop-down lists on the right the master file that corresponds with each M3 program description on the left. Use each option only once. A. Supplier. Open (CRS620) User B. Bank. Open (CRS690) Number series C. Authorized User - Suppl Invoice. Open (CRS650) Bank D. Number Series. Open (CRS165) Supplier Note: In Webassessor the responses on the right display in a drop-down list box.

9 11. Which three of the following Financial Application Management (FAM) functions permits multiple detail records to be attached to the main record? Choose 3 answers. A. Manual entry of supplier invoices B. Supplier payment by electronic bank transfer C. Supplier payment by draft D. Confirmation and reconciliation of collected supplier drafts E. Supplier payment by single check 12. Which one of the following describes when invoice matching is performed? A. Only when goods are rejected B. Not required for low value products C. When inventory valuation is needed D. When entering supplier invoices for payment 13. Which one of the following options describes the impact the Financial Application Management (FAM) functions has on the Accounts Payable workflow? A. Entirely controls the workflow B. Has no impact on the workflow C. Contributes to the workflow D. Limits the workflow 14. Which one of the following programs can be used to create a proposal for recording the year-end result without updating the general ledger? A. General Ledger. Calculate Profit/Loss (GLS995) B. Balance File. Update with Outcome (GLS915) C. Account. Reconcile Internally (GLS185) D. FAM Function. Open (CRS405) 15. Which one of the following fixed asset configurations do you create if you need to use the double declining method and define a factor (coefficient)? A. Depreciation template B. Depreciation type C. Extraordinary depreciation value type D. User-defined depreciation plan 16. Which one of the following supplier master file statuses do you use if a supplier is to be deleted and you need to prevent purchase orders from being placed on the supplier identity? A. Preliminary B. Approved supplier C. Stopped D. Deactivated supplier 17. Which one of the following procedures would you perform to prevent unauthorized changes of the date ranges of Financial Accounting Management (FAM) functions to allow posting on fiscal years already closed? A. Close Fiscal Year Definitively B. Conclude Period/Year End Routines C. Verify That Transactions Have Updated General Ledger D. Close Period

10 18. Which one of the following value-added tax (VAT) reports lists VAT transactions in the General Ledger? A. VAT control report B. VAT template report C. T/GL reconciliation report D. T/QR reconciliation report 19. Which one of the following job statuses displays in Work File. Restart Interrupted Jobs (GLS047) when an active job has not updated the general ledger? A. Status 1 B. Status 8 C. Status 9 D. Status Which one of the following Financial Accounting Management (FAM) functions do you use when you need to define voucher series, voucher name, and whether dates posting is allowed? A. AR20 Work with Manual Invoicing B. AR65 Split of customer invoices C. AR70 Group Invoices D. AR45 Payment reminder charge

11 Key to Sample Questions The correct answers for the Sample Questions are provided here for reference purposes only. Note: The Webassessor platform does not provide correct answers/feedback during the exam. 1. You have corrected several cost accounting string errors on Internal Account Entry.Open (CAS300). Which one of the following programs do you need to run to ensure the general ledger is updated with these corrections? A. Internal Account Entry.Create (CAS950) B. Internal Accounting Entry.Transfer to GL (CAS960) C. Internal Allocation.Calculate (CAS130) D. Journal Voucher.Enter (CAS100) 2. Which one of the following statements describes the function of a supplier bank account? A. It is used to change the authorized user automatically during invoice approval. B. It is used to transfer supplier invoices to another authorized user. C. It is used to create a cost center. D. It is used to configure the system for electronic payments as well as check payments. 3. Which one of the following is what the invoice system Infor M3 has to manage invoices between different divisions belonging to the same company? A. Business Performance Warehouse B. Consolidation C. Cost accounting D. Multi-Unit Coordination 4. Which one of the following is a tool used to import configuration data for ad hoc reporting between different companies or environments in the Infor M3 Business Engine? A. Infor LifeCycle Manager B. Infor M3 IU Adapter C. Infor M3 Report Manager D. StreamServe 5. Select from the drop-down lists on the right the field that corresponds with each description on the left. Use each option only once. A. B. The exchange rate used when prices are converted to local currency Indicates whether a goods receipt transaction is to be matched to an invoice line of type 2 Exch rate type Auto inv approve C. Indicates if sales tax or other tax surcharges are included Tax included D. The tax registration number of the company Tax ID no suppl Note: In Webassessor the responses on the right display in a drop-down list box.

12 6. Which three of the following are Financial Application Management (FAM) functions related to Accounts Receivable (AR)? Choose 3 answers. A. AR05 Manual entry of supplier invoices B. AP20 Manually creating invoice C. AR30 Manual entry of customer payments D. AR40 Entry of receive orders in batch file E. AR10 Manual entry of supplier payments made 7. Which one of the following programs do you use to automatically record the year-end profit or loss? A. General Ledger. Calculate Profit/Loss (GLS995) B. Balance File. Update with Outcome (GLS915) C. General Ledger Balance File. Analyze (GLS940) D. Account. Reconcile Internally (GLS185) 8. You have set up a purchase costing model. Which one of the following fields do you use to add elements for setup price and extra transport fees? A General purchase costing model B General costing model - subcontract C Default priority order - price calculation D Allowed price variance - amount 9. Which one of the following is the reason for most cost account errors? A. Accounting rule error B. Missing inventory price C. Rounding error D. Unbalanced account entry 10. Select from the drop-down lists on the right the master file that corresponds with each M3 program description on the left. Use each option only once. A. Supplier. Open (CRS620) Supplier B. Bank. Open (CRS690) Bank C. Authorized User - Suppl Invoice. Open (CRS650) User D. Number Series. Open (CRS165) Number series Note: In Webassessor the responses on the right display in a drop-down list box.

13 11. Which three of the following Financial Application Management (FAM) functions permits multiple detail records to be attached to the main record? Choose 3 answers. A. Manual entry of supplier invoices B. Supplier payment by electronic bank transfer C. Supplier payment by draft D. Confirmation and reconciliation of collected supplier drafts E. Supplier payment by single check 12. Which one of the following describes when invoice matching is performed? A. Only when goods are rejected B. Not required for low value products C. When inventory valuation is needed D. When entering supplier invoices for payment 13. Which one of the following options describes the impact the Financial Application Management (FAM) functions has on the Accounts Payable workflow? A. Entirely controls the workflow B. Has no impact on the workflow C. Contributes to the workflow D. Limits the workflow 14. Which one of the following programs can be used to create a proposal for recording the year-end result without updating the general ledger? A. General Ledger. Calculate Profit/Loss (GLS995) B. Balance File. Update with Outcome (GLS915) C. Account. Reconcile Internally (GLS185) D. FAM Function. Open (CRS405) 15. Which one of the following fixed asset configurations do you create if you need to use the double declining method and define a factor (coefficient)? A. Depreciation template B. Depreciation type C. Extraordinary depreciation value type D. User-defined depreciation plan 16. Which one of the following supplier master file statuses do you use if a supplier is to be deleted and you need to prevent purchase orders from being placed on the supplier identity? A. Preliminary B. Approved supplier C. Stopped D. Deactivated supplier 17. Which one of the following procedures would you perform to prevent unauthorized changes of the date ranges of Financial Accounting Management (FAM) functions to allow posting on fiscal years already closed? A. Close Fiscal Year Definitively B. Conclude Period/Year End Routines C. Verify That Transactions Have Updated General Ledger D. Close Period

14 18. Which one of the following value-added tax (VAT) reports lists VAT transactions in the General Ledger? A. VAT control report B. VAT template report C. T/GL reconciliation report D. T/QR reconciliation report 19. Which one of the following job statuses displays in Work File. Restart Interrupted Jobs (GLS047) when an active job has not updated the general ledger? A. Status 1 B. Status 8 C. Status 9 D. Status Which one of the following Financial Accounting Management (FAM) functions do you use when you need to define voucher series, voucher name, and whether dates posting is allowed? A. AR20 Work with Manual Invoicing B. AR65 Split of customer invoices C. AR70 Group Invoices D. AR45 Payment reminder charge

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