Give You Free Regular Updates on M3-123 Exam Questions Dec 04, 2023
Achieve the M3-123 Exam Best Results with Help from Infor Certified Experts
Infor M3-123 exam is an essential certification for finance professionals who use the Infor M3 Finance module. It is recognized as a standard of excellence in the field and can enhance a finance professional's career prospects. M3-123 exam is challenging, but with the right preparation, candidates can confidently demonstrate their knowledge and skills in the Infor M3 Finance module.
Infor M3-123 certification exam is specifically designed for Infor M3 Finance module consultants. M3-123 exam covers a wide range of topics such as financial accounting, accounts payable, accounts receivable, general ledger, and financial reporting. Infor Certified M3 Finance Consultant certification exam tests the candidate's knowledge of the Infor M3 Finance module and their ability to implement and configure it according to the customer's requirements.
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 # 40
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. 3 = Same as alternative
- D. 1 = Split per costing element
Answer: A
NEW QUESTION # 41
Which two of the following items can be updated when post-processing invoices? (Choose two.)
- A. Transfers to receivables and the general ledger
- B. Invoice account entries
- C. VAT proposal
- D. Automatic invoicing
Answer: A,C
NEW QUESTION # 42
Which one of the following accounts always has precedence over a general account for the same supplier?
- A. Master
- B. Division-specific
- C. User-authorized
- D. Employee
Answer: D
NEW QUESTION # 43
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?
- A. Identify them as external entries in the general ledger.
- B. Combine the entries into one entry in the general ledger.
- C. Do not distinguish between internal entries and external entries.
- D. Identify them separately in the general ledger.
Answer: D
NEW QUESTION # 44
Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?
- A. Cost account entry
- B. Journal voucher entry
- C. Invoice proposal
- D. Payment proposal
Answer: D
NEW QUESTION # 45
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 4
- B. Bank account type 3
- C. Bank account type 2
- D. Bank account type 1
Answer: B
NEW QUESTION # 46
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?
- A. Cost accounting
- B. Consolidation
- C. Multi-unit coordination (MUC)
- D. Business Performance Warehouse
Answer: C
NEW QUESTION # 47
Which one of the following describes the relationship of the Financial Application Management (FAM) functions with the Accounts Payable workflow?
- A. Have nothing to do with the workflow
- B. Entirely control the workflow
- C. Control some of the workflow
- D. Permit only single detail records to be attached to the main record
Answer: A
NEW QUESTION # 48
Which one of the following describes a payment type when there is no invoice to match against the payment?
- A. Cash
- B. On-account
- C. Full
- D. Partial
Answer: B
NEW QUESTION # 49
Which one of the following options are invoice number series defined by?
- A. Fiscal year
- B. Calendar year
- C. Warehouse
- D. Facility
Answer: A
NEW QUESTION # 50
You need to add 10% of the net purchase price to the cost of the acquired item, which requires the following four steps:
1. Add the element to the costing model
2. Add a costing value
3. Add the costing model to the item
4. Create a costing element with operator 5
Which one of the following is the correct order in which those tasks should be performed?
- A. 3, 1, 4, 2
- B. 4, 2, 1, 3
- C. 1, 2, 3, 4
- D. 2, 3, 4, 1
Answer: C
NEW QUESTION # 51
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. Accounting Rule. Set (CRS395)
- C. Internal Transfer Price. Open (MFS001)
- D. Purchase/ Distribution Costing. Calculate (PCS280)
Answer: A
NEW QUESTION # 52
Which one of the following options describes why you use distribution costing?
- A. To calculate the company's cost for moving goods internally between warehouses/facilities
- B. To centralize manufacturing and move goods to the customer
- C. To move goods to a vendor
- D. To calculate the company's cost for moving goods to the manufacturer
Answer: A
NEW QUESTION # 53
Which two of the following rules are primarily used for processing customer invoices and credit notes? (Choose two.)
- A. AR50
- B. AR10
- C. AR30
- D. AR20
Answer: B,C
NEW QUESTION # 54
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. Accounting Rule. Set (CRS395)
- C. Internal Transfer Price. Open (MFS001)
- D. Purchase/ Distribution Costing. Calculate (PCS280)
Answer: A
NEW QUESTION # 55
Which one of the following programs do you typically use to select one costing model for purchase costing and one for distribution costing for each combination of item and facility?
- A. Costing Element. Open (PPS280)
- B. Settings - Product Costing (PCS001)
- C. Settings - Purchasing (CRS780)
- D. Item. Connect Facility (MMS003/F)
Answer: B
NEW QUESTION # 56
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 division included in MUC
- C. Each production warehouse separately in each division
- D. Only one local division
Answer: B
NEW QUESTION # 57
Which three of the following describe accounting structures? (Choose three.)
- A. Group of accounting identities or other accounting structures
- B. Only important when the identities you want to group together are sequentially numbered
- C. Purpose is to group identities for display and printout purposes
- D. Sub-structures containing many accounting identities cannot easily be moved to new accounting structures
- E. Hierarchical model corresponding to an organization's structure
Answer: A,D,E
NEW QUESTION # 58
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 4
- B. Bank account type 3
- C. Bank account type 2
- D. Bank account type 1
Answer: D
NEW QUESTION # 59
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. Statement of Account
- B. Accounting rule set
- C. Credit memo
- D. Voucher
Answer: C
NEW QUESTION # 60
Which two of the following situations create account entries for accounting rule PP10? (Choose two.)
- A. Goods are reported as received in Purchase Order. Receive Goods (PPS300)
- B. Supplier's invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)
- C. Goods receipts are deleted in Purchase Order. Display Line Trans (PPS330)
- D. Goods are reported as received in Purchase Order. Put Away Goods (PPS320)
Answer: B,D
NEW QUESTION # 61
......
Detailed New M3-123 Exam Questions for Concept Clearance: https://www.exam4labs.com/M3-123-practice-torrent.html
Provide M3-123 Practice Test Engine for Preparation: https://drive.google.com/open?id=1OWYY3gyR5y4dlZEUf4sW5qj4rQ0eX0Ab