Valid M3-123 Test Answers & Infor M3-123 Exam PDF
Infor M3-123 Certification Real 2024 Mock Exam
Infor M3-123 certification exam is essential for finance professionals who work with Infor M3 ERP systems. Infor Certified M3 Finance Consultant certification validates the candidate's skills and knowledge of Infor M3 Finance modules and provides them with a competitive edge in the job market. Infor Certified M3 Finance Consultant certification is recognized by leading organizations worldwide, and candidates who hold the certification are in high demand.
Infor M3-123 certification exam measures the candidate's knowledge of Infor M3 Financials, General Ledger, Accounts Payable, Accounts Receivable, and Fixed Assets. M3-123 exam consists of multiple-choice questions that test the candidate's understanding of the Infor M3 Finance modules. M3-123 exam is conducted online and can be taken from anywhere in the world.
Infor M3-123 exam is an Infor certified exam, which means that it is recognized by Infor as a standard of excellence in the field. As a result, achieving this certification can enhance a finance professional's career prospects, as well as add value to their organization. M3-123 exam is designed to ensure that candidates have a thorough understanding of the Infor M3 Finance module and can apply that knowledge to real-world scenarios.
NEW QUESTION # 20
Which one of the following program screens do you use to check the three-way match process agrees to your supplier invoice?
- A. Supplier Invoice. Match GR Line (APS360)
- B. Internal Account Entry. Open (CAS300)
- C. Purchase Order. Receive Goods (PPS300)
- D. Purchase Order. Open (PPS200)
Answer: A
NEW QUESTION # 21
Which one of the following manages most of the integration between the financial system and other Infor M3 applications?
- A. Exception rules
- B. Accounts Payable (AP) accounting table
- C. Accounting rules
- D. Payment proposals
Answer: C
NEW QUESTION # 22
Which one of the following options are invoice number series defined by?
- A. Facility
- B. Warehouse
- C. Fiscal year
- D. Calendar year
Answer: C
NEW QUESTION # 23
Which three of the following options are grouped into classes and sub-classes in order to process supplier invoices? (Choose three.)
- A. Payment type
- B. Payment file
- C. Payment class
- D. Payment method
- E. Payment batch
Answer: A,C,D
NEW QUESTION # 24
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. FAM function
- B. Balance key
- C. Costing model
- D. Sorting ID
Answer: B
NEW QUESTION # 25
Which two of the following rules are primarily used for processing customer invoices and credit notes? (Choose two.)
- A. AR20
- B. AR30
- C. AR10
- D. AR50
Answer: B,C
NEW QUESTION # 26
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 3
- C. Bank account type 2
- D. Bank account type 1
Answer: B
NEW QUESTION # 27
Which one of the following occurs when a cost accounting error occurs?
- A. Transaction error log is created in the system
- B. General ledger balance file is generated
- C. Transactions are stopped from being transferred to the general ledger
- D. Transactions are transferred and flagged in the general ledger
Answer: C
NEW QUESTION # 28
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. 3, 1, 4, 2
- D. 4, 2, 1, 3
Answer: B
NEW QUESTION # 29
Which one of the following processes updates the standard cost of an item?
- A. Re-selling acquired items
- B. Calculating the cost of acquiring items
- C. Manufacturing items
- D. Getting acquired items into inventory
Answer: B
NEW QUESTION # 30
Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?
- A. Cost account entry
- B. Payment proposal
- C. Invoice proposal
- D. Journal voucher entry
Answer: B
NEW QUESTION # 31
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
- A. Rounding differences error
- B. Currency error
- C. Zero Price error correct
- D. Accounting string error
Answer: A,D
NEW QUESTION # 32
You are configuring cost accounting on CAS900/E and are setting up 032 Split COGS into costing elements - purchased items. You want to have the total inventory cost post as one transaction using accounting type 971.
Which one of the following options would you select?
- A. 1 = Split per costing element
- B. 3 = Same as alternative
- C. 4 = Split
- D. 0 = No split
Answer: D
NEW QUESTION # 33
Which two of the following describe account groups in Infor M3? (Choose two.)
- A. Account groups are defined at the division level but not the company level.
- B. Six levels of account groups exist.
- C. Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.
- D. Each account group must be defined as included in the statement of account or the balance sheet.
Answer: C,D
NEW QUESTION # 34
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. Distribution Relation. Open (DPS001)
- B. Internal Transfer Price. Open (MFS001)
- C. Purchase/ Distribution Costing. Calculate (PCS280)
- D. Accounting Rule. Set (CRS395)
Answer: A
NEW QUESTION # 35
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. Fiscal Year. Periods (GLS986/B)
- B. Period Accounting. Update (GLS140)
- C. Accounting Identity. Open (CRS630)
- D. System Calendar. Open (CRS900)
Answer: B
NEW QUESTION # 36
Which one of the following occurs when a cost accounting error occurs?
- A. Transactions are transferred and flagged in the general ledger
- B. Transaction error log is created in the system
- C. General ledger balance file is generated
- D. Transactions are stopped from being transferred to the general ledger
Answer: A
NEW QUESTION # 37
Which one of the following do you use to define the due date calculation for supplier invoices or customer invoices?
- A. Payment Term. Open (CRS075)
- B. Cash Discount Term. Open (CRS077)
- C. AR Payment Method. Open (CRS076)
- D. Payment Type. Open (CRS078)
Answer: A
NEW QUESTION # 38
Which one of the following programs is where you can examine and change incorrect transactions?
- A. Journal Voucher. Enter (CAS100)
- B. Internal Account Entry. Open (CAS300)
- C. Internal Allocation. Calculate (CAS130)
- D. Internal Account Entry. Create (CAS950)
Answer: B
NEW QUESTION # 39
Which three of the following options make up an accounting rule? (Choose three.)
- A. Accounting string
- B. Accounting event
- C. Accounting invoice
- D. Accounting ledger
- E. Accounting type
Answer: B,D,E
NEW QUESTION # 40
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. Reject the invoice for payment
- C. Split the invoice
- D. Approve the invoice variance
Answer: D
NEW QUESTION # 41
Which one of the following programs allows you to recode, authorize, and approve invoices for payment?
- A. Supplier Invoice.Recode (APS110)
- B. Supplier Invoice.Record (APS100)
- C. Supplier Payment.Enter Manual (APS120)
- D. Supplier Payment Proposal.Open (APS130)
Answer: A
NEW QUESTION # 42
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. CAS310 Order Costing. Display
- C. PCS300 Product Costing. Display
- D. PCS265 Actual Cost. Update/Display
Answer: C
NEW QUESTION # 43
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. Multi-unit coordination (MUC)
- B. Consolidation
- C. Business Performance Warehouse
- D. Cost accounting
Answer: A
NEW QUESTION # 44
You want to create account entries for goods receipt when exiting Purchase Order. Receive Goods (PPS300) so that general ledger is updated. Which one of the following Create Account Entries at Goods Receipt field alternatives must you select on CAS900 so this happens?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 45
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