[Mar 09, 2024] New Infor M3-123 Dumps with Test Engine and PDF (New Questions)
Pass Your M3-123 Exam Easily - Real M3-123 Practice Dump Updated
Infor M3-123 exam is designed to test the candidate's skills and knowledge in the areas of finance consulting in the Infor M3 system. It covers a wide range of topics such as financial accounting, cost accounting, budgeting, and financial reporting.
Infor M3-123 certification exam is designed for finance professionals who work with Infor M3 financial management software. Infor Certified M3 Finance Consultant certification exam is intended to assess the candidate's knowledge and skills in various areas of financial management, including financial accounting, cost accounting, cash management, and financial reporting.
Infor M3-123 exam is a certification test designed to validate the knowledge and expertise of finance professionals working with Infor M3 financial management software. This comprehensive exam is intended to assess the candidate's ability to perform activities related to financial management within the Infor M3 system, including financial accounting, accounts payable and receivable management, asset accounting, cash management, and financial reporting.
NEW QUESTION # 33
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. Action Log.Open (CMS050)
- C. Program Problem.Solve (CRS418)
- D. Internal Account Entry.Transfer to GL (CAS960)
Answer: D
NEW QUESTION # 34
Which two of the following programs need to be checked at Year End and updated? (Choose two.)
- A. CRS400
- B. CRS410
- C. MFS240
- D. MFS165
Answer: B,D
NEW QUESTION # 35
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. 4, 3, 2, 1
- B. 1, 2, 3, 4
- C. 3, 2, 4, 1
- D. 2, 3, 1, 4
Answer: C
NEW QUESTION # 36
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. System Calendar. Open (CRS900)
- B. Accounting Identity. Open (CRS630)
- C. Fiscal Year. Periods (GLS986/B)
- D. Period Accounting. Update (GLS140)
Answer: D
NEW QUESTION # 37
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. Credit memo
- B. Accounting rule set
- C. Voucher
- D. Statement of Account
Answer: A
NEW QUESTION # 38
Which one of the following describes a payment type when there is no invoice to match against the payment?
- A. Full
- B. Cash
- C. Partial
- D. On-account
Answer: D
NEW QUESTION # 39
Which one of the following accounts always has precedence over a general account for the same supplier?
- A. Division-specific
- B. Master
- C. Employee
- D. User-authorized
Answer: C
NEW QUESTION # 40
You need to review the standard cost calculation of acquired items. Which one of the following should you use?
- A. CAS310 Order Costing. Display
- B. PCS300 Product Costing. Display
- C. CAS371 Average Cost. Display/Update History
- D. PCS265 Actual Cost. Update/Display
Answer: B
NEW QUESTION # 41
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 # 42
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. Supplier.Connect Item (PPS040)
- C. Item. Open (MMS001)
- D. Purchase Costing. Simulate (PPS295)
- E. Item.Connect Warehouse (MMS002)
Answer: A,D
NEW QUESTION # 43
Which one of the following programs allows you to recode, authorize, and approve invoices for payment?
- A. Supplier Invoice.Recode (APS110)
- B. Supplier Payment.Enter Manual (APS120)
- C. Supplier Invoice.Record (APS100)
- D. Supplier Payment Proposal.Open (APS130)
Answer: A
NEW QUESTION # 44
Which one of the following describes the general accounts receivable setup program?
- A. Settings - Accounts Receivable (ARS905)
- B. Settings - General Ledger (CRS750)
- C. Account Group. Open (CRS633)
- D. Company. Open (MNS095)
Answer: A
NEW QUESTION # 45
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 haven't activated Save file in Ad Hoc Report. Open (AHS010).
- B. You have not ended the path with a backslash.
- C. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
- D. The out service, for example StreamServe, is not set up correctly.
- E. You have selected the wrong Doc location method.
Answer: D
NEW QUESTION # 46
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: D
NEW QUESTION # 47
Which three of the following options make up an accounting rule? (Choose three.)
- A. Accounting string
- B. Accounting ledger
- C. Accounting type
- D. Accounting invoice
- E. Accounting event
Answer: B,C,E
NEW QUESTION # 48
When Infor M3 updates the cost accounting system with financial transactions, it adds information to the database, which is moved to several user-defined accounting dimensions used for reporting and analyses. Which one of the following options represents the number of user-defined accounting dimensions that can be set in Infor M3?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 49
Which two of the following rules are primarily used for processing customer invoices and credit notes?
(Choose two.)
- A. AR50
- B. AR30
- C. AR20
- D. AR10
Answer: C,D
NEW QUESTION # 50
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. FAM rule
- C. Customer group rule
- D. Exception rule
Answer: C
NEW QUESTION # 51
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. 0 = No split
- B. 3 = Same as alternative
- C. 1 = Split per costing element
- D. 4 = Split
Answer: A
NEW QUESTION # 52
Which one of the following is a reason that a cost account error may be generated?
- A. Item out of stock
- B. Transaction price missing due to missing inventory value of the item
- C. Deviation of demand forecast from actual demand
- D. System failed to synchronize
Answer: B
NEW QUESTION # 53
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
- A. Zero Price error correct
- B. Rounding differences error
- C. Currency error
- D. Accounting string error
Answer: A,B
NEW QUESTION # 54
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. Period Accounting. Update (GLS140)
- C. A/C Allocation. Update (GLS130)
- D. Journal Voucher. Update Recurring (GLS175)
Answer: C
NEW QUESTION # 55
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