[Jan-2024] Infor M3 M3-123 Exam Practice Test Questions Dumps Bundle!
2024 Updated M3-123 PDF for the M3-123 Tests Free Updated Today!
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. M3-123 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 # 35
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 batch
- C. Payment method
- D. Payment file
- E. Payment class
Answer: A,C,E
NEW QUESTION # 36
Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?
- A. AP30
- B. AP50
- C. AP10
- D. AP20
Answer: C
NEW QUESTION # 37
You need to reset the indicator for transfer of the internal account entries if the costing transactions fail to transfer and update the general ledger. Which one of the following programs should you use?
- A. Internal Account Entry.Open (CAS300)
- B. Internal Account Entry.Transfer to GL (CAS960)
- C. Program Problem.Solve (CRS418)
- D. Action Log.Open (CMS050)
Answer: B
NEW QUESTION # 38
Which two of the following rules are primarily used for processing customer invoices and credit notes?
(Choose two.)
- A. AR30
- B. AR50
- C. AR10
- D. AR20
Answer: C,D
NEW QUESTION # 39
Which one of the following programs must be run to generate cost accounting entries?
- A. Internal Account Entry. Create (CAS950)
- B. Order Costing. Display (CAS310)
- C. Internal Account Entry. Transfer to GL (CAS960)
- D. Internal Account Entry. Open (CAS300)
Answer: A
NEW QUESTION # 40
You are configuring the M3 structure so it can handle more than one legal unit in the best possible way. Which one of the following enables you to define users that have access to all divisions (central users) or users whose access is limited to one division (local users)?
- A. Accounts Receivable
- B. Multiple Unit Coordination (MUC)
- C. Group Consolidation
- D. Fixed Assets
Answer: B
NEW QUESTION # 41
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. The out service, for example StreamServe, is not set up correctly.
- C. You haven't activated Save file in Ad Hoc Report. Open (AHS010).
- D. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
- E. You have not ended the path with a backslash.
Answer: B
NEW QUESTION # 42
You want to regularly trigger an automatic check for invoice lines that are not completely matched and have their quantities automatically matched and approved. Which one of the following programs do you use to do this check?
- A. Supplier Invoice.Select Trans to Match (APS351)
- B. Supplier Invoice.Auto Match GL Line (APS375)
- C. Supplier Invoice.Select to Match (APS350)
- D. Supplier Invoice.Recode (APS100)
Answer: D
NEW QUESTION # 43
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 # 44
Which one of the following accounting events handles distribution between warehouses?
- A. MM20
- B. MM50
- C. 0I20
- D. PC10
Answer: A
NEW QUESTION # 45
Which one of the following describes a payment type when there is no invoice to match against the payment?
- A. On-account
- B. Full
- C. Cash
- D. Partial
Answer: A
NEW QUESTION # 46
Which one of the following activities involves manual updating for an invoiced customer order?
- A. Invoice post-processing
- B. Automatic allocation
- C. Bank statement processing
- D. Closing the order line
Answer: A
NEW QUESTION # 47
You need to view the cost of individual manufacturing orders. Which one of the following programs should you use?
- A. Order Costing. Release (CAS320)
- B. Internal Account Entry. Create (CAS950)
- C. Order Costing Balance File. Display (CAS330)
- D. Order Costing. Display (CAS310)
Answer: C
NEW QUESTION # 48
You have set up different accounts, from your normal accounts, so you can post to a different receivable account when you sell to a particular customer.
Which one of the following rules do you need to define so that these customer's transactions will post to this different account?
- A. FAM rule
- B. Exception rule
- C. Override rule
- D. Customer group rule
Answer: B
NEW QUESTION # 49
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 transactions that are created on all levels are totaled.
- B. Account entries are created.
- C. Budget allocations are deleted.
- D. The budget is updated.
Answer: B
NEW QUESTION # 50
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. Cost accounting
- D. Business Performance Warehouse
Answer: A
NEW QUESTION # 51
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. Purchase/ Distribution Costing. Calculate (PCS280)
- B. Internal Transfer Price. Open (MFS001)
- C. Accounting Rule. Set (CRS395)
- D. Distribution Relation. Open (DPS001)
Answer: D
NEW QUESTION # 52
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. Bank
- B. Number series
- C. User
- D. Supplier
Answer: D
NEW QUESTION # 53
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Company
- B. Item. Open
- C. Item. Warehouse
- D. Item. Location
- E. Item. Facility
Answer: C,D,E
NEW QUESTION # 54
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
- A. Currency error
- B. Accounting string error
- C. Zero Price error correct
- D. Rounding differences error
Answer: C,D
NEW QUESTION # 55
Which one of the following components determines which value-added tax (VAT) method and VAT rate to apply for a specific type of business transaction?
- A. VAT values for FAM functions
- B. VAT report from date
- C. VAT code
- D. VAT exceptions
Answer: C
NEW QUESTION # 56
Which one of the following occurs when a cost accounting error occurs?
- A. Transaction error log is created in the system
- B. Transactions are stopped from being transferred to the general ledger
- C. Transactions are transferred and flagged in the general ledger
- D. General ledger balance file is generated
Answer: C
NEW QUESTION # 57
When configuring the supplier master Supplier. Open (CRS620) in Infor M3, another table setup is mandatory.
Which one of the following table setups is required?
- A. Bank Account. Open (CRS692/B)
- B. Supplier. Define Purchase Financial (CRS624)
- C. Supplier. Connect Address (CRS622)
- D. Supplier. Connect Item (PPS040)
Answer: B
NEW QUESTION # 58
......
Fully Updated Dumps PDF - Latest M3-123 Exam Questions and Answers: https://www.dumpsvalid.com/M3-123-still-valid-exam.html
100% Free M3-123 Exam Dumps to Pass Exam Easily: https://drive.google.com/open?id=10wwzQwAux1ckE7BzJs-YDi6ePsf7LScv