View M3-123 Exam Question Dumps With Latest Demo [May 13, 2023]
Free M3-123 Test Questions Real Practice Test Questions
By earning the Infor M3-123 certification, finance professionals can demonstrate their expertise in using Infor M3 for financial management, which can help them advance their careers and increase their credibility with clients and employers. The certification also provides an excellent opportunity for individuals to showcase their skills and knowledge in using one of the leading ERP systems in the market, making them more marketable and valuable to potential employers.
The exam is intended for professionals who have experience in finance and accounting and are familiar with the Infor M3 system. Candidates who pass this exam will be recognized as experts in finance consulting in the Infor M3 system and will be able to offer their services to clients who use the system.
NEW QUESTION # 17
You need to create the rules for managing accounts payable at the division level and to have an automated workflow for authorizing, recoding, and approving supplier invoices for payment. Which one of the following programs would you use?
- A. Accounting Rule. Set (CRS395)
- B. FAM Function. Open Details
- C. Settings - Accounts Payable (APS905)
- D. Credit Monitoring. Process (RMS420)
- E. AR Payment Method. Open (CRS076)
Answer: C
NEW QUESTION # 18
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. Program Problem.Solve (CRS418)
- B. Internal Account Entry.Transfer to GL (CAS960)
- C. Internal Account Entry.Open (CAS300)
- D. Action Log.Open (CMS050)
Answer: B
NEW QUESTION # 19
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. User
- B. Bank
- C. Number series
- D. Supplier
Answer: D
NEW QUESTION # 20
Which two of the following items can be updated when post-processing invoices? (Choose two.)
- A. Invoice account entries
- B. Automatic invoicing
- C. Transfers to receivables and the general ledger
- D. VAT proposal
Answer: C,D
NEW QUESTION # 21
You want to regularly trigger an automatic check for invoice lines that are not completely matched and have their quantities automatically matched and approved. Which one of the following programs do you use to do this check?
- A. Supplier Invoice.Select Trans to Match (APS351)
- B. Supplier Invoice.Recode (APS100)
- C. Supplier Invoice.Select to Match (APS350)
- D. Supplier Invoice.Auto Match GL Line (APS375)
Answer: B
NEW QUESTION # 22
Which one of the following programs is where you can examine and change incorrect transactions?
- A. Internal Account Entry. Create (CAS950)
- B. Internal Allocation. Calculate (CAS130)
- C. Internal Account Entry. Open (CAS300)
- D. Journal Voucher. Enter (CAS100)
Answer: C
NEW QUESTION # 23
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. 4, 2, 1, 3
- B. 1, 2, 3, 4
- C. 2, 3, 4, 1
- D. 3, 1, 4, 2
Answer: B
NEW QUESTION # 24
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. Accounting Rule. Set (CRS395)
- B. Distribution Relation. Open (DPS001)
- C. Internal Transfer Price. Open (MFS001)
- D. Purchase/ Distribution Costing. Calculate (PCS280)
Answer: B
NEW QUESTION # 25
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. System Calendar. Open (CRS900)
- C. Accounting Identity. Open (CRS630)
- D. Fiscal Year. Periods (GLS986/B)
Answer: A
NEW QUESTION # 26
Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?
- A. AP10
- B. AP50
- C. AP30
- D. AP20
Answer: D
NEW QUESTION # 27
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. Business Performance Warehouse
- D. Multi-unit coordination (MUC)
Answer: D
NEW QUESTION # 28
You need to view the cost of individual manufacturing orders. Which one of the following programs should you use?
- A. Internal Account Entry. Create (CAS950)
- B. Order Costing. Release (CAS320)
- C. Order Costing Balance File. Display (CAS330)
- D. Order Costing. Display (CAS310)
Answer: C
NEW QUESTION # 29
You need to show all unpaid accounts receivable invoices, including credit invoices, per payer or customer and currency. Which one of the following statements should you create?
- A. Payment Advice Statement
- B. Balance Brought Forward Statement of Account
- C. Accounts Receivable Display Additional Information Statement
- D. Open Item Statement of Account
Answer: D
NEW QUESTION # 30
Which two of the following describe account groups in Infor M3? (Choose two.)
- A. Each account group must be defined as included in the statement of account or the balance sheet.
- B. Six levels of account groups exist.
- C. Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.
- D. Account groups are defined at the division level but not the company level.
Answer: A,C
NEW QUESTION # 31
Which three of the following Infor M3 modules and programs does the Accounts Payable module integrate with? (Choose three.)
- A. General ledger
- B. Purchase orders and purchase order processing
- C. Budgeting
- D. Accounts receivable
- E. Time accounting
Answer: A,B,D
NEW QUESTION # 32
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M3-123 Dumps Updated May 13, 2023 WIith 75 Questions: https://drive.google.com/open?id=1BVEagC7SGmk1z2G_YCkFnvl8EEoipiAA