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NEW QUESTION: 1
You receive a payment for an invoice that is smaller than the owed amount.
How can you manage payment differences in the Post Incoming Payments application? (There are two correct answers.)
A. Residual item
B. Change due date
C. Reject payment
D. Partial payment
Answer: A,D
Explanation:
- The standard ways of handling payments that are smaller than the assigned open items are to create either a partial payment or a residual item. If neither works, you handle the differences manually (post to G/L or post on account).
- There is no functionality to reject a payment. You could return it on the bank level, but generally you would post the payment and then talk to the customer to understand the amount discrepancy.
Changing the due date is irrelevant to how or if you post the payment.
NEW QUESTION: 2
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A. リスク登録
B. 学習したレジスター
C. 企業環境要因(EEF)
D. 根本原因分析
Answer: B
NEW QUESTION: 3
The company's accountant posts similar, fixed amount transactions on a regular basis, such as an allowance or a loan payment. What is the most efficient way to post these transactions?
Please choose the correct answer.
Response:
A. Use the Recurring Postings function.
B. Use the Journal Vouchers function.
C. Use the Payment Wizard.
D. Use the Posting Template function.
Answer: A
NEW QUESTION: 4
Shellshock had the potential for an unauthorized user to gain access to a server. It affected many internet- facing services, which OS did it not directly affect?
A. Windows
B. Linux
C. OS X
D. Unix
Answer: C
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L3M1 Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the L3M1 Exam.
L3M1 Exam Topics
Review the L3M1 especially if you are on a recertification. Make sure you are still on the same page with what CIPS wants from you.
L3M1 Offcial Page
Review the official page for the L3M1 Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the L3M1 Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.