Pass M3-123 Exam in First Attempt Guaranteed 100% Cover Real Exam Questions [May-2024]
Valid M3-123 test answers & Infor M3-123 exam pdf
Infor M3-123 is a certification exam offered by Infor, a global leader in enterprise software solutions. M3-123 exam is designed for individuals who want to become Infor Certified M3 Finance Consultants. Infor Certified M3 Finance Consultant certification is a testament to the candidate's knowledge and expertise in the area of M3 Finance.
NEW QUESTION # 41
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. Override rule
- C. Exception rule
- D. Customer group rule
Answer: D
NEW QUESTION # 42
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.Transfer to GL (CAS960)
- B. Program Problem.Solve (CRS418)
- C. Action Log.Open (CMS050)
- D. Internal Account Entry.Open (CAS300)
Answer: A
NEW QUESTION # 43
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. Warehouse
- C. Item. Location
- D. Item. Facility
- E. Item. Open
Answer: A,B,D
NEW QUESTION # 44
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. 2, 3, 1, 4
- B. 3, 2, 4, 1
- C. 1, 2, 3, 4
- D. 4, 3, 2, 1
Answer: B
NEW QUESTION # 45
Which one of the following programs do you use to register a supplier for Accounts Payable?
- A. Supplier.Connect Items (PPS040)
- B. Supplier Payment Proposal.Open (APS130)
- C. Supplier Item.Connect Manufacturer (PPS041)
- D. Supplier.Open (CRS620)
Answer: D
NEW QUESTION # 46
You need to view the cost of individual manufacturing orders. Which one of the following programs should you use?
- A. Order Costing Balance File. Display (CAS330)
- B. Order Costing. Release (CAS320)
- C. Order Costing. Display (CAS310)
- D. Internal Account Entry. Create (CAS950)
Answer: A
NEW QUESTION # 47
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: A
NEW QUESTION # 48
Which one of the following do you use to define the due date calculation for supplier invoices or customer invoices?
- A. Payment Type. Open (CRS078)
- B. Cash Discount Term. Open (CRS077)
- C. AR Payment Method. Open (CRS076)
- D. Payment Term. Open (CRS075)
Answer: D
NEW QUESTION # 49
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
- A. Currency error
- B. Zero Price error correct
- C. Rounding differences error
- D. Accounting string error
Answer: C,D
NEW QUESTION # 50
Which one of the following options are invoice number series defined by?
- A. Calendar year
- B. Fiscal year
- C. Facility
- D. Warehouse
Answer: B
NEW QUESTION # 51
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. Period Accounting. Update (GLS140)
- C. A/C Allocation. Update (GLS130)
- D. Unrealized Exchange Rate Variance. Update (GLS160)
Answer: C
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. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
- B. You have not ended the path with a backslash.
- C. You have selected the wrong Doc location method.
- D. The out service, for example StreamServe, is not set up correctly.
- E. You haven't activated Save file in Ad Hoc Report. Open (AHS010).
Answer: D
NEW QUESTION # 53
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
- A. Currency error
- B. Accounting string error
- C. Rounding differences error
- D. Zero Price error correct
Answer: C,D
NEW QUESTION # 54
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. 2, 3, 1, 4
- B. 1, 2, 3, 4
- C. 4, 3, 2, 1
- D. 3, 2, 4, 1
Answer: B
NEW QUESTION # 55
Which one of the following options describes why you use distribution costing?
- A. To calculate the company's cost for moving goods to the manufacturer
- B. To move goods to a vendor
- C. To calculate the company's cost for moving goods internally between warehouses/facilities
- D. To centralize manufacturing and move goods to the customer
Answer: C
NEW QUESTION # 56
Which two of the following rules are primarily used for processing customer invoices and credit notes?
(Choose two.)
- A. AR10
- B. AR30
- C. AR50
- D. AR20
Answer: A,D
NEW QUESTION # 57
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. Credit Monitoring. Process (RMS420)
- B. FAM Function. Open Details
- C. Accounting Rule. Set (CRS395)
- D. Settings - Accounts Payable (APS905)
- E. AR Payment Method. Open (CRS076)
Answer: D
NEW QUESTION # 58
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 GL01 with at least one detail record is defined in FAM Function. Open (CRS405).
- B. 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.
- C. FAM function GL99 is defined in 'FAM Function. Open' (CRS405).
- D. All transactions from the year to be updated are recorded.
Answer: C,D
NEW QUESTION # 59
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. Business Performance Warehouse
- C. Consolidation
- D. Cost accounting
Answer: A
NEW QUESTION # 60
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. Sorting ID
- C. Costing model
- D. Balance key
Answer: D
NEW QUESTION # 61
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. Facility
- C. Item. Company
- D. Item. Location
- E. Item. Open
Answer: A,B,D
NEW QUESTION # 62
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.Auto Match GL Line (APS375)
- B. Supplier Invoice.Recode (APS100)
- C. Supplier Invoice.Select to Match (APS350)
- D. Supplier Invoice.Select Trans to Match (APS351)
Answer: B
NEW QUESTION # 63
Which one of the following manages most of the integration between the financial system and other Infor M3 applications?
- A. Accounts Payable (AP) accounting table
- B. Exception rules
- C. Payment proposals
- D. Accounting rules
Answer: D
NEW QUESTION # 64
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. Accounting rule set
- B. Statement of Account
- C. Voucher
- D. Credit memo
Answer: D
NEW QUESTION # 65
You need to review the standard cost calculation of acquired items. Which one of the following should you use?
- A. PCS300 Product Costing. Display
- B. CAS371 Average Cost. Display/Update History
- C. CAS310 Order Costing. Display
- D. PCS265 Actual Cost. Update/Display
Answer: A
NEW QUESTION # 66
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Infor M3-123 certification exam is a computer-based exam that consists of multiple-choice questions. M3-123 exam is timed and must be completed within the allotted time. M3-123 exam is divided into two sections, each with a specific number of questions. The first section covers financial accounting and management accounting, while the second section covers financial reporting.
M3-123 Exam Questions – Valid M3-123 Dumps Pdf: https://examcollection.prep4king.com/M3-123-latest-questions.html
