100% Free M3-123 Files For passing the exam Quickly UPDATED Feb 18, 2024
M3-123 Dumps Questions Study Exam Guide
Infor M3-123 exam is intended for finance professionals, consultants, and solution architects who want to demonstrate their expertise in managing financial operations using Infor M3 ERP software. M3-123 exam covers various financial modules such as General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, and Cost Accounting. M3-123 exam tests the candidate's knowledge of financial processes, financial statements, and Infor M3 ERP software's financial features.
Infor M3-123 certification exam is designed for finance professionals who want to demonstrate their expertise in the Infor M3 finance module. Infor Certified M3 Finance Consultant certification is offered by Infor, a leading provider of business software solutions. M3-123 exam is intended to validate a candidate's understanding of the M3 finance module, including its features, functions, and capabilities.
NEW QUESTION # 31
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. Distribution Relation. Open (DPS001)
- B. Internal Transfer Price. Open (MFS001)
- C. Accounting Rule. Set (CRS395)
- D. Purchase/ Distribution Costing. Calculate (PCS280)
Answer: A
NEW QUESTION # 32
Which one of the following accounts always has precedence over a general account for the same supplier?
- A. Division-specific
- B. Master
- C. User-authorized
- D. Employee
Answer: D
NEW QUESTION # 33
Which one of the following programs allows you to recode, authorize, and approve invoices for payment?
- A. Supplier Invoice.Recode (APS110)
- B. Supplier Payment Proposal.Open (APS130)
- C. Supplier Payment.Enter Manual (APS120)
- D. Supplier Invoice.Record (APS100)
Answer: D
NEW QUESTION # 34
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 3
- C. Bank account type 2
- D. Bank account type 4
Answer: A
NEW QUESTION # 35
Which two of the following situations create account entries for accounting rule PP10? (Choose two.)
- A. Goods receipts are deleted in Purchase Order. Display Line Trans (PPS330)
- B. Supplier's invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)
- C. Goods are reported as received in Purchase Order. Put Away Goods (PPS320)
- D. Goods are reported as received in Purchase Order. Receive Goods (PPS300)
Answer: B,C
NEW QUESTION # 36
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 # 37
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. Supplier
- B. Bank
- C. User
- D. Number series
Answer: A
NEW QUESTION # 38
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. Credit memo
- D. Voucher
Answer: C
NEW QUESTION # 39
Which two of the following programs need to be checked at Year End and updated? (Choose two.)
- A. MFS240
- B. CRS400
- C. MFS165
- D. CRS410
Answer: C,D
NEW QUESTION # 40
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. CAS310 Order Costing. Display
- C. CAS371 Average Cost. Display/Update History
- D. PCS265 Actual Cost. Update/Display
Answer: A
NEW QUESTION # 41
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. 1, 2, 3, 4
- B. 2, 3, 1, 4
- C. 4, 3, 2, 1
- D. 3, 2, 4, 1
Answer: A
NEW QUESTION # 42
Which one of the following options are invoice number series defined by?
- A. Warehouse
- B. Facility
- C. Fiscal year
- D. Calendar year
Answer: C
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. Facility
- B. Item. Company
- C. Item. Open
- D. Item. Location
- E. Item. Warehouse
Answer: A,D,E
NEW QUESTION # 44
Which one of the following programs allows you to manually enter supplier invoices for payment?
- A. Supplier Invoice Batch.Open (APS450)
- B. Supplier Invoice. Recode (APS110)
- C. Supplier Payment Proposal.Open (APS130)
- D. Supplier Invoice.Record (APS100)
Answer: B
NEW QUESTION # 45
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 # 46
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. 4, 3, 2, 1
- C. 1, 2, 3, 4
- D. 3, 2, 4, 1
Answer: D
NEW QUESTION # 47
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. Deviation of demand forecast from actual demand
- D. System failed to synchronize
Answer: A
NEW QUESTION # 48
When configuring the supplier master Supplier. Open (CRS620) in Infor M3, another table setup is mandatory. Which one of the following table setups is required?
- A. Supplier. Connect Address (CRS622)
- B. Bank Account. Open (CRS692/B)
- C. Supplier. Define Purchase Financial (CRS624)
- D. Supplier. Connect Item (PPS040)
Answer: C
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 processes updates the standard cost of an item?
- A. Re-selling acquired items
- B. Manufacturing items
- C. Calculating the cost of acquiring items
- D. Getting acquired items into inventory
Answer: C
NEW QUESTION # 51
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. All transactions from the year to be updated are recorded.
- D. FAM function GL99 is defined in 'FAM Function. Open' (CRS405).
Answer: C,D
NEW QUESTION # 52
......
M3-123 Premium Exam Engine - Download Free PDF Questions: https://certmagic.surepassexams.com/M3-123-exam-bootcamp.html