Real Infor M3-123 Exam Dumps with Correct 75 Questions and Answers
Valid M3-123 Test Answers & Infor M3-123 Exam PDF
Infor M3-123 certification exam is an excellent opportunity for individuals who want to validate their knowledge and skills in M3 finance management. Infor Certified M3 Finance Consultant certification demonstrates that the candidate has the necessary expertise to configure and implement financial management solutions within the M3 system. With this certification, individuals can improve their career prospects and gain recognition for their skills in the industry.
NEW QUESTION # 20
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: A,C
NEW QUESTION # 21
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. Costing model
- C. FAM function
- D. Balance key
Answer: D
NEW QUESTION # 22
Which one of the following activities is part of purchase costing?
- 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 # 23
You need to show all unpaid accounts receivable invoices, including credit invoices, per payer or customer and currency. Which one of the following statements should you create?
- A. Payment Advice Statement
- B. Open Item Statement of Account
- C. Balance Brought Forward Statement of Account
- D. Accounts Receivable Display Additional Information Statement
Answer: B
NEW QUESTION # 24
Which one of the following General Ledger Financial Accounting Management (FAM) functions do you use for account allocations and accounts distributions?
- A. Unrealized Exchange Rate Variance. Update (GLS160)
- B. Journal Voucher. Update Recurring (GLS175)
- C. Period Accounting. Update (GLS140)
- D. A/C Allocation. Update (GLS130)
Answer: D
NEW QUESTION # 25
You need to review the standard cost calculation of acquired items. Which one of the following should you use?
- A. PCS265 Actual Cost. Update/Display
- B. CAS371 Average Cost. Display/Update History
- C. PCS300 Product Costing. Display
- D. CAS310 Order Costing. Display
Answer: C
NEW QUESTION # 26
Which one of the following describes the general accounts receivable setup program?
- A. Settings - General Ledger (CRS750)
- B. Account Group. Open (CRS633)
- C. Company. Open (MNS095)
- D. Settings - Accounts Receivable (ARS905)
Answer: D
NEW QUESTION # 27
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 1
- B. Bank account type 2
- C. Bank account type 4
- D. Bank account type 3
Answer: D
NEW QUESTION # 28
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. The out service, for example StreamServe, is not set up correctly.
- B. You have not ended the path with a backslash.
- C. You have selected the wrong Doc location method.
- D. You haven't activated Save file in Ad Hoc Report. Open (AHS010).
- E. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
Answer: A
NEW QUESTION # 29
Which three of the following options make up an accounting rule? (Choose three.)
- A. Accounting ledger
- B. Accounting event
- C. Accounting string
- D. Accounting type
- E. Accounting invoice
Answer: A,B,D
NEW QUESTION # 30
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 code
- B. VAT report from date
- C. VAT values for FAM functions
- D. VAT exceptions
Answer: A
NEW QUESTION # 31
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. Action Log.Open (CMS050)
- D. Program Problem.Solve (CRS418)
Answer: B
NEW QUESTION # 32
Which one of the following is a reason that a cost account error may be generated?
- A. Transaction price missing due to missing inventory value of the item
- B. Item out of stock
- C. System failed to synchronize
- D. Deviation of demand forecast from actual demand
Answer: A
NEW QUESTION # 33
Which one of the following programs must be run to generate cost accounting entries?
- A. Internal Account Entry. Transfer to GL (CAS960)
- B. Internal Account Entry. Create (CAS950)
- C. Order Costing. Display (CAS310)
- D. Internal Account Entry. Open (CAS300)
Answer: B
NEW QUESTION # 34
You are configuring multi unit coordination (MUC) and defining the invoice number series. Which one of the following needs invoice number series definition?
- A. Each production warehouse separately in each division
- B. Only the central (blank) division
- C. Each division included in MUC
- D. Only one local division
Answer: C
NEW QUESTION # 35
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. Automatically close the invoice line
- B. Pay the invoice
- C. Create a debit note
- D. Correct the incorrect account entries
Answer: C
NEW QUESTION # 36
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. Distribution Relation. Open (DPS001)
- C. Accounting Rule. Set (CRS395)
- D. Purchase/ Distribution Costing. Calculate (PCS280)
Answer: B
NEW QUESTION # 37
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: B
NEW QUESTION # 38
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. Customer group rule
- B. Exception rule
- C. Override rule
- D. FAM rule
Answer: A
NEW QUESTION # 39
Which one of the following programs do you always start with first before proceeding to Transaction Work File. Restart Erroneous Jobs (GLS037) with a restarted job that appears as erroneous?
- A. Transaction Work File. Restart Interrupted Jobs (GLS047)
- B. Period. Open for Transaction Entry (GLS990)
- C. GL Balance File. Display (GLS215)
- D. Transaction Work File. Print (GLS970)
- E. General Ledger. Display Transactions (GLS210)
Answer: A
NEW QUESTION # 40
Which one of the following programs do you use to register a supplier for Accounts Payable?
- A. Supplier Payment Proposal.Open (APS130)
- B. Supplier Item.Connect Manufacturer (PPS041)
- C. Supplier.Connect Items (PPS040)
- D. Supplier.Open (CRS620)
Answer: D
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. Exception rule
- B. Customer group rule
- C. Override rule
- D. FAM rule
Answer: A
NEW QUESTION # 42
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To be eligible to take the Infor M3-123 exam, candidates must have a minimum of two years of experience working with Infor M3 and at least six months of experience working specifically in the finance module. They must also complete the required training courses and pass the associated exams before they can take the Infor M3-123 exam.
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