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Infor M3-123 Dumps

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Total 73 questions

Infor Certified M3 Finance Consultant Questions and Answers

Question 1

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?

Options:

A.

Sorting ID

B.

FAM function

C.

Balance key

D.

Costing model

Question 2

You are matching a purchase order to a supplier invoice. There is a difference between the purchase order record and the amount of the invoice received from the supplier. Which one of the following tasks do you complete prior to recoding the invoice?

Options:

A.

Approve the invoice for payment

B.

Approve the invoice variance

C.

Split the invoice

D.

Reject the invoice for payment

Question 3

You need to review the standard cost calculation of acquired items. Which one of the following should you use?

Options:

A.

CAS371 Average Cost. Display/Update History

B.

PCS300 Product Costing. Display

C.

PCS265 Actual Cost. Update/Display

D.

CAS310 Order Costing. Display

Question 4

In some countries, the transactions from the cost accounting module are considered internal entries as opposed to external entries, which are typically generated from an actual document such as an invoice. Which one of the following options is what you need to do to the internal entries?

Options:

A.

Identify them separately in the general ledger.

B.

Identify them as external entries in the general ledger.

C.

Combine the entries into one entry in the general ledger.

D.

Do not distinguish between internal entries and external entries.

Question 5

Which of the following describe account groups in Infor M3?

Options:

A.

Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.

B.

Account groups are defined at the division level but not the company level.

C.

Six levels of account groups exist.

Question 6

Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)

Options:

A.

Accounting strings

B.

Accounting identity

C.

Accounting types

D.

Accounting events

Question 7

Which one of the following manages most of the integration between the financial system and other Infor M3 applications?

Options:

A.

Payment proposals

B.

Exception rules

C.

Accounting rules

D.

Accounts Payable (AP) accounting table

Question 8

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?

Options:

A.

Consolidation

B.

Cost accounting

C.

Multi-unit coordination (MUC)

D.

Business Performance Warehouse

Question 9

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)?

Options:

A.

Automatically close the invoice line

B.

Pay the invoice

C.

Correct the incorrect account entries

D.

Create a debit note

Question 10

Which one of the following programs do you use to define settings for cost accounting?

Options:

A.

Settings - Cost Accounting (CAS900)

B.

Order Costing. Release (CAS320)

C.

Internal Account Entry. Create (CAS950)

D.

Order Costing Balance File. Display (CAS330)

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Total 73 questions