Give Push to your Success with Infor M3 M3-123 Exam Questions
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Infor M3-123 exam covers a wide range of topics related to Infor M3 Finance, including financial accounting, procurement, budgeting, and forecasting. M3-123 exam is designed to test candidates on their ability to configure, manage, and optimize Infor M3 Finance solutions. It also evaluates their understanding of best practices and industry standards when it comes to finance management.
NEW QUESTION # 21
Which one of the following options are invoice number series defined by?
- A. Facility
- B. Fiscal year
- C. Warehouse
- D. Calendar year
Answer: B
NEW QUESTION # 22
Which two of the following programs need to be checked at Year End and updated? (Choose two.)
- A. CRS410
- B. MFS165
- C. MFS240
- D. CRS400
Answer: A,B
NEW QUESTION # 23
You are configuring multi unit coordination (MUC) and defining the invoice number series. Which one of the following needs invoice number series definition?
- A. Only the central (blank) division
- B. Each production warehouse separately in each division
- C. Only one local division
- D. Each division included in MUC
Answer: D
NEW QUESTION # 24
Which two of the following items can be updated when post-processing invoices? (Choose two.)
- A. Automatic invoicing
- B. Invoice account entries
- C. Transfers to receivables and the general ledger
- D. VAT proposal
Answer: C,D
NEW QUESTION # 25
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 report from date
- B. VAT code
- C. VAT exceptions
- D. VAT values for FAM functions
Answer: B
NEW QUESTION # 26
Which one of the following programs do you use to define settings for cost accounting?
- A. Order Costing Balance File. Display (CAS330)
- B. Order Costing. Release (CAS320)
- C. Internal Account Entry. Create (CAS950)
- D. Settings - Cost Accounting (CAS900)
Answer: D
NEW QUESTION # 27
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Facility
- B. Item. Location
- C. Item. Company
- D. Item. Warehouse
- E. Item. Open
Answer: A,C,D
NEW QUESTION # 28
Which one of the following accounts always has precedence over a general account for the same supplier?
- A. Master
- B. User-authorized
- C. Division-specific
- D. Employee
Answer: D
NEW QUESTION # 29
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 # 30
Which one of the following occurs when a cost accounting error occurs?
- A. Transactions are transferred and flagged in the general ledger
- B. Transactions are stopped from being transferred to the general ledger
- C. General ledger balance file is generated
- D. Transaction error log is created in the system
Answer: A
NEW QUESTION # 31
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: D
NEW QUESTION # 32
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. 4 = Split
- C. 1 = Split per costing element
- D. 3 = Same as alternative
Answer: A
NEW QUESTION # 33
You need to view the cost of individual manufacturing orders. Which one of the following programs should you use?
- A. Order Costing. Release (CAS320)
- B. Order Costing. Display (CAS310)
- C. Internal Account Entry. Create (CAS950)
- D. Order Costing Balance File. Display (CAS330)
Answer: D
NEW QUESTION # 34
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 # 35
Which two of the following describe account groups in Infor M3? (Choose two.)
- 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. Each account group must be defined as included in the statement of account or the 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 # 36
Which two of the following rules are primarily used for processing customer invoices and credit notes?
(Choose two.)
- A. AR10
- B. AR20
- C. AR30
- D. AR50
Answer: A,B
NEW QUESTION # 37
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. Period Accounting. Update (GLS140)
- B. Accounting Identity. Open (CRS630)
- C. System Calendar. Open (CRS900)
- D. Fiscal Year. Periods (GLS986/B)
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. 4, 3, 2, 1
- B. 3, 2, 4, 1
- C. 2, 3, 1, 4
- D. 1, 2, 3, 4
Answer: D
NEW QUESTION # 39
Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?
- A. AP50
- B. AP30
- C. AP20
- D. AP10
Answer: C
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 1
- B. Bank account type 4
- C. Bank account type 3
- D. Bank account type 2
Answer: A
NEW QUESTION # 41
Which one of the following programs is where you can examine and change incorrect transactions?
- A. Internal Allocation. Calculate (CAS130)
- B. Internal Account Entry. Open (CAS300)
- C. Internal Account Entry. Create (CAS950)
- D. Journal Voucher. Enter (CAS100)
Answer: B
NEW QUESTION # 42
Which three of the following Infor M3 modules and programs does the Accounts Payable module integrate with? (Choose three.)
- A. Purchase orders and purchase order processing
- B. Time accounting
- C. Budgeting
- D. Accounts receivable
- E. General ledger
Answer: A,D,E
NEW QUESTION # 43
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