Infosys Certified IFS Financials Consultant
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Join Premium10 Infosys Certified IFS Financials Consultant practice questions with answers
Real Lex exam-pattern multiple-choice questions for the Infosys Certified IFS Financials Consultant certification. Each question includes the correct answer. The full question bank is available to Premium members.
- Question 1
This activity is used to calculate the currency revaluation for the AP/AR accounts with revaluation level equal to transactions.
- ✓ Execute revaluation for balances Correct
- B Execute revaluation for AP/AR Transactions
- C Define Periods to Revalue
- D None of the above options
- Question 2
Following are the benefits from the Curreny Revaluation (Choose all the right answers):
- ✓ Revaluation of AP/AR either based on AP/AR transactions or GL balances Correct
- B Revaluation in a specific currency rate type for each account that is to be revaluated.
- C Posting of the result with instant reversal in next period
- D All of the above options
- Question 3
Following are the revaluation Method for Currency revaluation of Ap/AR transaction
- ✓ Current: Correct
- B Highest of the Posted/Current
- C Lowest of the Posted/Current
- D All of the above
- Question 4
Depreciation methods specified in system are? (Choose all the right answers)
- ✓ Remaining Value / Remaining Months Correct
- B Remaining Value/Remaining Years
- C Remaining Value/Remaining Periods
- D Remaining Value/Remaining Days
- Question 5
An Object group is used to link? ( Select all that apply )
- ✓ Object class Correct
- B Acquisition account
- C Code part
- D All of the above options
- Question 6
Select the correct flow for acquisition of fixed asset?
- ✓ change the status to investment, Register acquisition, create voucher, and update GL/IL. Correct
- B Register acquisitions, change the status to investment, create voucher, and update GL/IL.
- C create voucher, change the status to investment, Register acquisition, and update GL/IL.
- D update GL/IL, create voucher, change the status to investment, and Register acquisition.
- Question 7
To record the investment of Fixed Asset object, one should enter? ( Select all that apply )
- ✓ Manual Voucher Correct
- B Supplier Invoice
- C Manual Voucher and Supplier Invoice
- D Supplier Invoice and Manual Voucher
- Question 8
Sequence of status for depreciation proposal are?
- ✓ Created, Authorized and Posted Correct
- B Posted, Created, and Authorized
- C Created, Posted, and Authorized
- D Created, Cancelled and Posted
- Question 9
Asset function Move involves? ( Select all that apply )
- ✓ Move the asset from one cost centre to the other. Correct
- B Transfers the acquisition value
- C Transfers the accumulated depreciation value
- D Move the asset within the cost centre
- Question 10
Asset function replace involves?
- ✓ in- activating the existing object and replacing with the new Correct
- B in- activating the existing objects and replacing with the new, with transferring the balances of the old objects
- C in- activating the existing objects and replacing with the new, with transferring the balances of the new objects
- D All of the above options
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