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Check Your Understanding: Answers

LN: Foundation

Lesson 1: Company definition and setup

A business partner can be defined using which of the following methods?

a) Enter all of the business partner information in the Business Partner session.

b) Select the default information in the Easy Entry Business Partner session.

c) Enter the financial information in the Financial Partner session.

d) Select the default information in the Logistics Partner session.

You can specify item ordering data for which of the following types of items? Select all that apply.

a) Purchased item

b) Serialized item

c) Manufactured item

d) Service item

e) Project item

LN: Foundation 1
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Lesson 2: Purchasing

Which of the following best describes the role of the purchase user profile?

a) To add new warehouse employees to Infor LN.

b) To add new purchasing department employees to Infor LN.

c) To set up product information for purchasing employees, so venders can be processed


faster.

d) To set up default information for purchasing employees, so documents can be processed


faster.

Put the steps below into the proper order to begin the purchase order procedure:

a) Transfer the delivered POs to the purchase order history database. __5___

b) Create the purchase order. __1___

c) Send the PO to the buy-from business partner. __2___

d) Pay for the received goods. __4___

e) Receive the purchased goods. __3__

What field must be completed in the Items – Purchase session in order to use Purchased Item
360?

a) The Buyer field

b) The Purchasing field

c) The Warehouse field

d) The Customer field

LN: Foundation 2
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Lesson 3: Sales

Which of the following are methods for creating a sales order in the Sales Order Intake Workbench
session? Select all that apply.

a) Automatically

b) Based on a template or a catalog

c) Copied from an existing order

d) Manually

e) From a purchase order

Lesson 4: Warehouse processes

Which of the following are types of warehouses?

a) Normal

b) Service

c) Consignment

d) Virtual

e) Purchasing

Which of the following are warehouses locations?

a) Receiving location

b) Inspection location

c) Bulk location

d) Staging location

e) Virtual location

LN: Foundation 3
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Lesson 5: Item structures

The cost price of an item consists of which of the following? Select all that apply.

a) Material costs

b) Operational costs

c) Discount rates

d) Currency adjustments

Lesson 6: Enterprise planning

What is the importance of enterprise planning?

It supports master planning and detailed order planning for production, purchase and
distribution.

What are some benefits of order planning?

• Purchased items can be ordered by a purchase schedule.


• The planned production orders result in the capacity use of resources.
• An item master plan is controlled by order planning.

LN: Foundation 4
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Lesson 7: Manufacturing

How can you use Manufacturing to manage the production of items?


• Define bills of material (BOMs), routings, and tool requirements.
• Calculate cost and sales prices.
• Plan projects and carry out network planning.
• Control the execution of production orders.
• Plan and generate assembly orders.

What is the function of production orders?

A production order states the item that will be produced and the conditions under which
manufacturing takes place.

Lesson 8: Project

What are some of the advantages of using Project?


• The activity structure, schedule, and start and end dates can be planned.
• Interim financial results can be viewed.
• Project-specific details of third parties are maintained.
• Deliverables for an element or activity are defined.

What is the structure of a project plan?

The project plan is a hierarchical structure that contains a top project that is divided into
activities. Each activity has a top activity and can have several other activities that appear below
it.

LN: Foundation 5
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Lesson 9: Service

What is the importance of serialized items?

Serialized items can be tracked throughout its entire life cycle.

Once a service call is registered, who can be assigned to the call?


• Support center
• Support engineer
• Business partner (subcontractor)

Lesson 10: Finance overview

Which Financial module forms the central part of Infor LN Financials and accounts for all
transactions in Infor LN that have an accounting impact?

a) Cash Management

b) Accounts Receivable

c) General Ledger

d) Fixed Assets

Lesson 11: General Ledger

Ledger accounts and dimensions are used to track _________________, equity, profits, and
losses.

a) Purchase and cost invoices

b) Payables, receivables

c) Assets, liabilities

d) Parent accounts, child accounts

LN: Foundation 6
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Lesson 12: Central Invoicing

What is the first step in the invoicing process?

a) Create the billing request

b) Confirm the invoice data

c) Process the billing request

d) Release the data to invoicing

Lesson 13: Accounts Receivable

Which reports can you use to view open receivables? Select all that apply.

a) Invoice to - Business Partner Open Entries

b) Invoicing 360

c) Open entries – Accounts Receivable

d) Invoice from - Business Partner Open Entries

Lesson 14: Accounts Payable

In which ways can you match individual purchase invoices and freight invoices to orders and/or
receipts? Select all that apply.

a) Manually

b) Manually, but not to multiple orders

c) Automatically

d) Using Invoicing 360

e) In a background job

LN: Foundation 7
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Lesson 15: Cash Management

When posting bank statements, you can use the __________________ transaction type to post
an amount to a ledger account for “Bank Costs.”

a) Advance receipt

b) Receipt reconciliation

c) Journal

d) Unallocated payment

Course review

A business partner can be defined using which of the following methods?

a) Enter all of the business partner information in the Business Partner session.

b) Select the default information in the Easy Entry Business Partner session.

c) Enter the financial information in the Financial Partner session.

d) Select the default information in the Logistics Partner session.

Which of the following best describes the role of the purchase user profile?

a) To add new warehouse employees to Infor LN.

b) To add new purchasing department employees to Infor LN.

c) To set up product information for purchasing employees, so venders can be processed


faster.

d) To set up default information for purchasing employees, so documents can be processed


faster.

LN: Foundation 8
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Course review

Put the steps below into the proper order to begin the purchase order procedure:

a) Transfer the delivered POs to the purchase order history database. __5___

b) Create the purchase order. __1___

c) Send the PO to the buy-from business partner. __2___

d) Pay for the received goods. __4___

e) Receive the purchased goods. __3___

What field must be completed in the Items – Purchase session in order to use Purchased Item
360?

a) The Buyer field

b) The Purchasing field

c) The Warehouse field

d) The Customer field

Which of the following are methods for creating a sales order in the Sales Order – Lines session?
Select all that apply.

a) Automatically

b) Based on a template or a catalog

c) Copied from an existing order in the Copy Sales Order

d) Manually

e) From a purchase order

Which of the following are types of warehouses?

a) Normal

b) Service

c) Consignment

d) Virtual

e) Purchasing

LN: Foundation 9
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Course review

Which of the following are warehouses locations?

a) Receiving location

b) Inspection location

c) Bulk location

d) Staging location

e) Virtual location

The cost price of an item consists of which of the following? Select all that apply.

a) Material costs

b) Operational costs

c) Discount rates

d) Currency adjustments

What is the importance of enterprise planning?

It supports master planning and detailed order planning for production, purchase and
distribution.

What are some benefits of order planning?


• Purchased items can be ordered by a purchase schedule.
• The planned production orders result in the capacity use of resources.
• An item master plan is controlled by order planning.

How can you use Manufacturing to manage the production of items?


• Define bills of material (BOMs), routings, and tool requirements.
• Calculate cost and sales prices.
• Plan projects and carry out network planning.
• Control the execution of production orders.
• Plan and generate assembly orders.

LN: Foundation 10
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Course review

What is the function of production orders?

A production order states the item that will be produced and the conditions under which
manufacturing takes place.

What are some of the advantages of using Project?


• The activity structure, schedule, and start and end dates can be planned.
• Interim financial results can be viewed.
• Project-specific details of third parties are maintained.
• Deliverables for an element or activity are defined.

What is the structure of a project plan?

The project plan is a hierarchical structure that contains a top project that is divided into
activities. Each activity has a top activity and can have several other activities that appear below
it.

What is the importance of serialized items?

Serialized items can be tracked throughout its entire life cycle.

Once a service call is registered, who can be assigned to the call?


• Support center
• Support engineer
• Business partner (subcontractor)

LN: Foundation 11
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Course review

Which Financial module forms the central part of Infor LN Financials and accounts for all
transactions in Infor LN that have an accounting impact?

a) Cash Management

b) Accounts Receivable

c) General Ledger

d) Fixed Assets

Ledger accounts and dimensions are used to track _________________, equity, profits, and
losses.

a) Purchase and cost invoices

b) Payables, receivables

c) Assets, liabilities

d) Parent accounts, child accounts

What is the first step in the invoicing process?

a) Create the billing request

b) Confirm the invoice data

c) Process the billing request

d) Release the data to invoicing

Which reports can you use to view open receivables? Select all that apply.

a) Invoice to - Business Partner Open Entries

b) Invoicing 360

c) Open entries – Accounts Receivable

d) Invoice from - Business Partner Open Entries

LN: Foundation 12
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.
Course review

In which ways can you match individual purchase invoices and freight invoices to orders and/or
receipts? Select all that apply.

a) Manually

b) Manually, but not to multiple orders

c) Automatically

d) Using Invoicing 360

e) In a background job

When posting bank statements, you can use the __________________ transaction type to post
an amount to a ledger account for “Bank Costs.”

a) Advance receipt

b) Receipt reconciliation

c) Journal

d) Unallocated payment

LN: Foundation 13
© 2017 Infor Education. All rights reserved. No part of this Training Workbook may be reproduced or transmitted in any form, without written permission.

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