(Dec-2023) Latest M3-123 Dumps for Success in Actual Infor Certified
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Infor M3-123 exam is a valuable certification for individuals who want to demonstrate their expertise in Infor M3 Finance. By passing M3-123 exam, candidates can prove their skills and knowledge and increase their credibility in the industry. With the right preparation and experience, candidates can successfully pass the Infor M3-123 exam and advance their career in finance.
Infor M3-123 certification exam is an essential certification for finance professionals who work with the Infor M3 system. Infor Certified M3 Finance Consultant certification validates their knowledge and skills in the financial modules of the system, demonstrating their ability to manage financial operations effectively. With this certification, professionals can enhance their career prospects and become more competitive in the job market.
NEW QUESTION # 42
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 4
- B. Bank account type 1
- C. Bank account type 2
- D. Bank account type 3
Answer: D
NEW QUESTION # 43
You have an invoice where the invoiced quantity is not equal to the received quantity. You do not expect to receive any more goods for the purchase order.
Which one of the following options is a way you can handle this invoice using Supplier Invoice.Match GR Line (APS360)?
- A. Create a debit note
- B. Automatically close the invoice line
- C. Correct the incorrect account entries
- D. Pay the invoice
Answer: A
NEW QUESTION # 44
Which three of the following Infor M3 modules and programs does the Accounts Payable module integrate with? (Choose three.)
- A. General ledger
- B. Time accounting
- C. Purchase orders and purchase order processing
- D. Accounts receivable
- E. Budgeting
Answer: A,C,D
NEW QUESTION # 45
Which one of the following programs allows you to recode, authorize, and approve invoices for payment?
- A. Supplier Payment Proposal.Open (APS130)
- B. Supplier Payment.Enter Manual (APS120)
- C. Supplier Invoice.Record (APS100)
- D. Supplier Invoice.Recode (APS110)
Answer: D
NEW QUESTION # 46
Which two of the following are benefits of Ad Hoc Reporting? (Choose two.)
- A. Ensures that Infor M3 users can view everything they want to see
- B. Requires minimal training as the tool is built on all the existing standards that exist within Infor M3 and Infor Smart Office
- C. Reduces the cost of modifications to Infor M3 standard reports and extra customer-unique reports during and after implementation
- D. Integrates with Infor M3's auto jobs to enable reports to run and be delivered to users on an ad hoc basis
Answer: C,D
NEW QUESTION # 47
Which one of the following programs allows you to manually enter supplier invoices for payment?
- A. Supplier Invoice. Recode (APS110)
- B. Supplier Payment Proposal.Open (APS130)
- C. Supplier Invoice Batch.Open (APS450)
- D. Supplier Invoice.Record (APS100)
Answer: A
NEW QUESTION # 48
You need to define transport cost from warehouse B to warehouse C, because it requires a different delivery method than used when transporting the same item from warehouse A. Which one of the following programs do you use to distinguish distribution costs depending on optional factors?
- A. Internal Transfer Price. Open (MFS001)
- B. Purchase/ Distribution Costing. Calculate (PCS280)
- C. Accounting Rule. Set (CRS395)
- D. Distribution Relation. Open (DPS001)
Answer: D
NEW QUESTION # 49
Which one of the following options needs to be generated for at least the current year and the next two years and also needs to be generated as far back as the earliest period for which historical data will be entered?
- A. Accounting Identity. Open (CRS630)
- B. Period Accounting. Update (GLS140)
- C. Fiscal Year. Periods (GLS986/B)
- D. System Calendar. Open (CRS900)
Answer: B
NEW QUESTION # 50
Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)
- A. Accounting types
- B. Accounting identity
- C. Accounting events
- D. Accounting strings
Answer: A,C
NEW QUESTION # 51
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. Split the invoice
- B. Approve the invoice for payment
- C. Approve the invoice variance
- D. Reject the invoice for payment
Answer: C
NEW QUESTION # 52
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Warehouse
- B. Item. Company
- C. Item. Open
- D. Item. Facility
- E. Item. Location
Answer: A,B,D
NEW QUESTION # 53
Which one of the following settings sorts and filters different database views allowing you to review the numbers posted to one or several accounting dimensions when updating the general ledger?
- A. Sorting ID
- B. Balance key
- C. Costing model
- D. FAM function
Answer: B
NEW QUESTION # 54
Which two of the following describe account groups in Infor M3? (Choose two.)
- A. Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.
- B. Account groups are defined at the division level but not the company level.
- C. Each account group must be defined as included in the statement of account or the balance sheet.
- D. Six levels of account groups exist.
Answer: A,C
NEW QUESTION # 55
Which one of the following accounts always has precedence over a general account for the same supplier?
- A. Master
- B. Employee
- C. User-authorized
- D. Division-specific
Answer: B
NEW QUESTION # 56
Which two of the following items must be completed before you record the year-end profit or loss on General Ledger. Calculate Profit/Loss (GLS995/E)? (Choose two.)
- A. FAM function GL99 is defined in 'FAM Function. Open' (CRS405).
- B. All transactions from the year to be updated are recorded.
- C. The budget of the budget transactions to transfer must have the same year, period, budget number and budget version as the budget of the parent company.
- D. FAM function GL01 with at least one detail record is defined in FAM Function. Open (CRS405).
Answer: A,B
NEW QUESTION # 57
You need to retrieve the purchase price for purchase costing. Which two of the following programs should you use? (Choose two.)
- A. Purchase Agreement.Open (PPS100)
- B. Purchase Costing. Simulate (PPS295)
- C. Item. Open (MMS001)
- D. Supplier.Connect Item (PPS040)
- E. Item.Connect Warehouse (MMS002)
Answer: A,B
NEW QUESTION # 58
Which one of the following options describes why you use distribution costing?
- A. To centralize manufacturing and move goods to the customer
- B. To calculate the company's cost for moving goods internally between warehouses/facilities
- C. To calculate the company's cost for moving goods to the manufacturer
- D. To move goods to a vendor
Answer: B
NEW QUESTION # 59
You need to add 10% of the net purchase price to the cost of the acquired item, which requires the following four steps:
1. Add the element to the costing model
2. Add a costing value
3. Add the costing model to the item
4. Create a costing element with operator 5
Which one of the following is the correct order in which those tasks should be performed?
- A. 2, 3, 4, 1
- B. 1, 2, 3, 4
- C. 4, 2, 1, 3
- D. 3, 1, 4, 2
Answer: B
NEW QUESTION # 60
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. You have not ended the path with a backslash.
- 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. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
Answer: D
NEW QUESTION # 61
Which one of the following items describes what happens first when the account allocation proposal is approved in A/C Allocation. Update (GLS130)?
- A. The budget is updated.
- B. The transactions that are created on all levels are totaled.
- C. Account entries are created.
- D. Budget allocations are deleted.
Answer: C
NEW QUESTION # 62
The manufacturing order processing flow includes the following four tasks:
1. Production receipt
2. Issue material to manufacturing order
3. Create manufacturing order
4. Report operations
Which one of the following is the correct order in which those tasks should be performed?
- A. 1, 2, 3, 4
- B. 2, 3, 1, 4
- C. 4, 3, 2, 1
- D. 3, 2, 4, 1
Answer: A
NEW QUESTION # 63
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Infor M3-123 exam is designed to test the skills and knowledge of professionals seeking to become certified M3 Finance Consultants. M3-123 exam is offered by Infor, a leading provider of enterprise software solutions, and is intended for individuals with experience in finance and accounting who wish to specialize in the Infor M3 finance module. M3-123 exam covers a range of topics related to M3 finance, including financial accounting, budgeting, cost control, and financial reporting.
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