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M3-123 Braindumps Real Exam Updated on May 20, 2023 with 75 Questions
The Infor M3-123 exam consists of multiple-choice questions and is delivered online. The exam covers a range of topics, including the Infor M3 Finance module's configuration, setup, and maintenance. Candidates must also demonstrate their knowledge of general accounting principles and practices, financial reporting, and taxation. The exam is designed to be challenging, and candidates are required to achieve a passing score to receive the certification.
The Infor M3-123 exam is designed to test the candidate's skills and knowledge in the areas of finance consulting in the Infor M3 system. It covers a wide range of topics such as financial accounting, cost accounting, budgeting, and financial reporting.
Infor M3-123 is a certification exam designed for finance professionals who are looking to validate their skills and knowledge in using the Infor M3 ERP (Enterprise Resource Planning) system. The exam is administered by Infor, a leading provider of business software solutions, and is specifically designed to test the capabilities of individuals who use Infor M3 for financial management.
NEW QUESTION # 39
You are creating a supplier bank account. Which one of the following types of bank account do you need to create that?
- A. Bank account type 2
- B. Bank account type 1
- C. Bank account type 4
- D. Bank account type 3
Answer: B
NEW QUESTION # 40
You need to create the rules for managing accounts payable at the division level and to have an automated workflow for authorizing, recoding, and approving supplier invoices for payment. Which one of the following programs would you use?
- A. AR Payment Method. Open (CRS076)
- B. Credit Monitoring. Process (RMS420)
- C. Settings - Accounts Payable (APS905)
- D. Accounting Rule. Set (CRS395)
- E. FAM Function. Open Details
Answer: C
NEW QUESTION # 41
You need to review the standard cost calculation of acquired items. Which one of the following should you use?
- A. CAS371 Average Cost. Display/Update History
- B. PCS265 Actual Cost. Update/Display
- C. PCS300 Product Costing. Display
- D. CAS310 Order Costing. Display
Answer: C
NEW QUESTION # 42
Which one of the following is a reason that a cost account error may be generated?
- A. Item out of stock
- B. Deviation of demand forecast from actual demand
- C. Transaction price missing due to missing inventory value of the item
- D. System failed to synchronize
Answer: B
NEW QUESTION # 43
You need to view the cost of individual manufacturing orders. Which one of the following programs should you use?
- A. Internal Account Entry. Create (CAS950)
- B. Order Costing. Display (CAS310)
- C. Order Costing Balance File. Display (CAS330)
- D. Order Costing. Release (CAS320)
Answer: C
NEW QUESTION # 44
Which one of the following Accounts Payable master files is common for all divisions related to a company and needs to be defined in Infor M3?
- A. Number series
- B. Bank
- C. User
- D. Supplier
Answer: D
NEW QUESTION # 45
Which two of the following situations create account entries for accounting rule PP10? (Choose two.)
- A. Goods are reported as received in Purchase Order. Receive Goods (PPS300)
- B. Goods receipts are deleted in Purchase Order. Display Line Trans (PPS330)
- C. Supplier's invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)
- D. Goods are reported as received in Purchase Order. Put Away Goods (PPS320)
Answer: C,D
NEW QUESTION # 46
You are matching a purchase order to a supplier invoice. There is a difference between the purchase order record and the amount of the invoice received from the supplier. Which one of the following tasks do you complete prior to recoding the invoice?
- A. Approve the invoice for payment
- B. Split the invoice
- C. Approve the invoice variance
- D. Reject the invoice for payment
Answer: C
NEW QUESTION # 47
Which one of the following describes a payment type when there is no invoice to match against the payment?
- A. Cash
- B. On-account
- C. Full
- D. Partial
Answer: B
NEW QUESTION # 48
Which one of the following program screens do you use to check the three-way match process agrees to your supplier invoice?
- A. Internal Account Entry. Open (CAS300)
- B. Supplier Invoice. Match GR Line (APS360)
- C. Purchase Order. Open (PPS200)
- D. Purchase Order. Receive Goods (PPS300)
Answer: B
NEW QUESTION # 49
Which one of the following programs is where you can examine and change incorrect transactions?
- A. Internal Allocation. Calculate (CAS130)
- B. Internal Account Entry. Create (CAS950)
- C. Journal Voucher. Enter (CAS100)
- D. Internal Account Entry. Open (CAS300)
Answer: D
NEW QUESTION # 50
In some countries, the transactions from the cost accounting module are considered internal entries as opposed to external entries, which are typically generated from an actual document such as an invoice. Which one of the following options is what you need to do to the internal entries?
- A. Combine the entries into one entry in the general ledger.
- B. Do not distinguish between internal entries and external entries.
- C. Identify them as external entries in the general ledger.
- D. Identify them separately in the general ledger.
Answer: D
NEW QUESTION # 51
Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)
- A. Accounting types
- B. Accounting events
- C. Accounting identity
- D. Accounting strings
Answer: A,B
NEW QUESTION # 52
You have defined a document location path in Ad Hoc Document Location. Open (AHS020/E), but no reports turn up at your set destination, neither at the root nor the dedicated user folder. Which one of the following explains why?
- A. You have selected the wrong Doc location method.
- B. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
- C. You haven't activated Save file in Ad Hoc Report. Open (AHS010).
- D. The out service, for example StreamServe, is not set up correctly.
- E. You have not ended the path with a backslash.
Answer: D
NEW QUESTION # 53
A customer calls a facility from a division to purchase a product. You create a customer order to manage the delivery to the customer from another warehouse belonging to a different division. The customer later receives an invoice from the facility that received the order, and the goods are sent from the warehouse belonging to the other division. Which one of the following items represents the Infor M3 invoicing system that manages invoices between different divisions belonging to the same company?
- A. Cost accounting
- B. Business Performance Warehouse
- C. Multi-unit coordination (MUC)
- D. Consolidation
Answer: C
NEW QUESTION # 54
Which one of the following items describes what happens first when the account allocation proposal is approved in A/C Allocation. Update (GLS130)?
- A. Budget allocations are deleted.
- B. The budget is updated.
- C. Account entries are created.
- D. The transactions that are created on all levels are totaled.
Answer: C
NEW QUESTION # 55
Which one of the following manages most of the integration between the financial system and other Infor M3 applications?
- A. Exception rules
- B. Accounting rules
- C. Accounts Payable (AP) accounting table
- D. Payment proposals
Answer: B
NEW QUESTION # 56
You want to enter an invoice as Invoiced/Goods Not Received when the invoice is matched to a PO in Supplier Invoice. Record (APS100). Which one of the following master supplier fields indicates whether it is possible to do that?
- A. Auto inv approve (Automatic invoice approval code)
- B. Inv approv cond (Invoice approval condition) 3
- C. Inv approv cond (Invoice approval condition 2)
- D. Inv approv cond (Invoice approval condition 1)
Answer: B
NEW QUESTION # 57
Which one of the following programs do you use to process a Manual AP Invoice?
- A. APS100
- B. APS120
- C. APS450
- D. APS110
Answer: B
NEW QUESTION # 58
Which one of the following processes updates the standard cost of an item?
- A. Manufacturing items
- B. Calculating the cost of acquiring items
- C. Re-selling acquired items
- D. Getting acquired items into inventory
Answer: B
NEW QUESTION # 59
Which three of the following options make up an accounting rule? (Choose three.)
- A. Accounting type
- B. Accounting string
- C. Accounting event
- D. Accounting invoice
- E. Accounting ledger
Answer: A,C,E
NEW QUESTION # 60
Which one of the following activities is part of purchase costing?
- A. Manufacturing items
- B. Calculating the cost of acquiring items
- C. Re-selling acquired items
- D. Getting acquired items into inventory
Answer: B
NEW QUESTION # 61
Which one of the following programs do you use to register a supplier for Accounts Payable?
- A. Supplier Payment Proposal.Open (APS130)
- B. Supplier.Connect Items (PPS040)
- C. Supplier Item.Connect Manufacturer (PPS041)
- D. Supplier.Open (CRS620)
Answer: D
NEW QUESTION # 62
Which one of the following accounts always has precedence over a general account for the same supplier?
- A. Division-specific
- B. Employee
- C. Master
- D. User-authorized
Answer: B
NEW QUESTION # 63
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