Infor M3-123 Practice Verified Answers - Pass Your Exams For Sure! [2023]
Valid Way To Pass Infor M3's M3-123 Exam
NEW QUESTION # 30
Which two of the following describe account groups in Infor M3? (Choose two.)
- A. Each account group must be defined as included in the statement of account or the balance sheet.
- B. Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.
- C. Six levels of account groups exist.
- D. Account groups are defined at the division level but not the company level.
Answer: A,B
NEW QUESTION # 31
Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?
- A. AP20
- B. AP10
- C. AP50
- D. AP30
Answer: B
NEW QUESTION # 32
Which one of the following processes updates the standard cost of an item?
- A. Getting acquired items into inventory
- B. Re-selling acquired items
- C. Manufacturing items
- D. Calculating the cost of acquiring items
Answer: D
NEW QUESTION # 33
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. Item. Open (MMS001)
- C. Supplier.Connect Item (PPS040)
- D. Item.Connect Warehouse (MMS002)
- E. Purchase Costing. Simulate (PPS295)
Answer: A,C
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. Purchase/ Distribution Costing. Calculate (PCS280)
- B. Accounting Rule. Set (CRS395)
- C. Distribution Relation. Open (DPS001)
- D. Internal Transfer Price. Open (MFS001)
Answer: C
NEW QUESTION # 35
Which three of the following Infor M3 modules and programs does the Accounts Payable module integrate with? (Choose three.)
- A. Budgeting
- B. Accounts receivable
- C. Time accounting
- D. General ledger
- E. Purchase orders and purchase order processing
Answer: B,D,E
NEW QUESTION # 36
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. Action Log.Open (CMS050)
- B. Program Problem.Solve (CRS418)
- C. Internal Account Entry.Open (CAS300)
- D. Internal Account Entry.Transfer to GL (CAS960)
Answer: D
NEW QUESTION # 37
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: C
NEW QUESTION # 38
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. 3, 2, 4, 1
- B. 1, 2, 3, 4
- C. 4, 3, 2, 1
- D. 2, 3, 1, 4
Answer: A
NEW QUESTION # 39
Which one of the following programs do you use to define settings for cost accounting?
- A. Order Costing. Release (CAS320)
- B. Settings - Cost Accounting (CAS900)
- C. Internal Account Entry. Create (CAS950)
- D. Order Costing Balance File. Display (CAS330)
Answer: B
NEW QUESTION # 40
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 3
- B. Bank account type 1
- C. Bank account type 2
- D. Bank account type 4
Answer: A
NEW QUESTION # 41
Which one of the following describes the general accounts receivable setup program?
- A. Settings - General Ledger (CRS750)
- B. Settings - Accounts Receivable (ARS905)
- C. Account Group. Open (CRS633)
- D. Company. Open (MNS095)
Answer: B
NEW QUESTION # 42
Which two of the following are benefits of Ad Hoc Reporting? (Choose two.)
- A. Integrates with Infor M3's auto jobs to enable reports to run and be delivered to users on an ad hoc basis
- B. Reduces the cost of modifications to Infor M3 standard reports and extra customer-unique reports during and after implementation
- C. Requires minimal training as the tool is built on all the existing standards that exist within Infor M3 and Infor Smart Office
- D. Ensures that Infor M3 users can view everything they want to see
Answer: A,B
NEW QUESTION # 43
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. Payment proposals
- D. Accounting rules
Answer: D
NEW QUESTION # 44
Which one of the following programs allows you to manually enter supplier invoices for payment?
- A. Supplier Invoice.Record (APS100)
- B. Supplier Invoice Batch.Open (APS450)
- C. Supplier Invoice. Recode (APS110)
- D. Supplier Payment Proposal.Open (APS130)
Answer: C
NEW QUESTION # 45
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. 4, 2, 1, 3
- B. 3, 1, 4, 2
- C. 2, 3, 4, 1
- D. 1, 2, 3, 4
Answer: D
NEW QUESTION # 46
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. 3, 2, 4, 1
- B. 4, 3, 2, 1
- C. 2, 3, 1, 4
- D. 1, 2, 3, 4
Answer: D
NEW QUESTION # 47
Which three of the following options make up an accounting rule? (Choose three.)
- A. Accounting type
- B. Accounting string
- C. Accounting ledger
- D. Accounting invoice
- E. Accounting event
Answer: A,C,E
NEW QUESTION # 48
Which one of the following is created when an invoice is received in Infor M3 as a document record relating to a business transaction?
- A. Statement of Account
- B. Accounting rule set
- C. Credit memo
- D. Voucher
Answer: C
NEW QUESTION # 49
Which one of the following General Ledger Financial Accounting Management (FAM) functions do you use for account allocations and accounts distributions?
- A. Journal Voucher. Update Recurring (GLS175)
- B. Unrealized Exchange Rate Variance. Update (GLS160)
- C. A/C Allocation. Update (GLS130)
- D. Period Accounting. Update (GLS140)
Answer: C
NEW QUESTION # 50
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. User
- C. Number series
- D. Supplier
Answer: D
NEW QUESTION # 51
Which two of the following rules are primarily used for processing customer invoices and credit notes?
(Choose two.)
- A. AR20
- B. AR30
- C. AR50
- D. AR10
Answer: A,D
NEW QUESTION # 52
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. Override rule
- B. Customer group rule
- C. Exception rule
- D. FAM rule
Answer: C
NEW QUESTION # 53
Which three of the following describe accounting structures? (Choose three.)
- A. Sub-structures containing many accounting identities cannot easily be moved to new accounting structures
- B. Hierarchical model corresponding to an organization's structure
- C. Purpose is to group identities for display and printout purposes
- D. Group of accounting identities or other accounting structures
- E. Only important when the identities you want to group together are sequentially numbered
Answer: A,B,D
NEW QUESTION # 54
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. Payment Type. Open (CRS078)
- C. Cash Discount Term. Open (CRS077)
- D. AR Payment Method. Open (CRS076)
Answer: A
NEW QUESTION # 55
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Infor M3-123 Pre-Exam Practice Tests | ActualPDF: https://braindumps2go.actualpdf.com/M3-123-real-questions.html
