[Apr-2024] M3-123 Exam Questions and Valid M3-123 Dumps PDF
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Infor M3-123 certification exam is conducted by Infor, a leading provider of enterprise software solutions. Infor Certified M3 Finance Consultant certification exam is designed to validate the candidate's understanding of Infor M3 Finance modules and ensure that they can effectively use the system to manage financial data. Infor Certified M3 Finance Consultant certification exam is essential for professionals who work with Infor M3 Finance modules and want to enhance their career prospects.
NEW QUESTION # 20
Which two of the following rules are primarily used for processing customer invoices and credit notes?
(Choose two.)
- A. AR20
- B. AR10
- C. AR30
- D. AR50
Answer: A,B
NEW QUESTION # 21
Which one of the following processes updates the standard cost of an item?
- A. Getting acquired items into inventory
- B. Manufacturing items
- C. Calculating the cost of acquiring items
- D. Re-selling acquired items
Answer: C
NEW QUESTION # 22
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 values for FAM functions
- B. VAT report from date
- C. VAT exceptions
- D. VAT code
Answer: D
NEW QUESTION # 23
You want to enter an invoice as Invoiced/Goods Not Received when the invoice is matched to a PO in Supplier Invoice. Record (APS100). Which one of the following master supplier fields indicates whether it is possible to do that?
- A. Inv approv cond (Invoice approval condition) 3
- B. Inv approv cond (Invoice approval condition 2)
- C. Auto inv approve (Automatic invoice approval code)
- D. Inv approv cond (Invoice approval condition 1)
Answer: A
NEW QUESTION # 24
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?
- A. Approve the invoice for payment
- B. Approve the invoice variance
- C. Reject the invoice for payment
- D. Split the invoice
Answer: B
NEW QUESTION # 25
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 1
- C. Bank account type 3
- D. Bank account type 2
Answer: B
NEW QUESTION # 26
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. Permit only single detail records to be attached to the main record
- C. Entirely control the workflow
- D. Control some of the workflow
Answer: A
NEW QUESTION # 27
You want to create account entries for goods receipt when exiting Purchase Order. Receive Goods (PPS300) so that general ledger is updated. Which one of the following Create Account Entries at Goods Receipt field alternatives must you select on CAS900 so this happens?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 28
Which one of the following programs do you use to process a Manual AP Invoice?
- A. APS450
- B. APS120
- C. APS100
- D. APS110
Answer: B
NEW QUESTION # 29
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. Do not distinguish between internal entries and external entries.
- B. Identify them separately in the general ledger.
- C. Identify them as external entries in the general ledger.
- D. Combine the entries into one entry in the general ledger.
Answer: B
NEW QUESTION # 30
Which one of the following accounting events handles distribution between warehouses?
- A. MM20
- B. 0I20
- C. MM50
- D. PC10
Answer: A
NEW QUESTION # 31
You need to retrieve the purchase price for purchase costing. Which two of the following programs should you use? (Choose two.)
- A. Item.Connect Warehouse (MMS002)
- B. Supplier.Connect Item (PPS040)
- C. Purchase Costing. Simulate (PPS295)
- D. Purchase Agreement.Open (PPS100)
- E. Item. Open (MMS001)
Answer: B,D
NEW QUESTION # 32
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. Fiscal Year. Periods (GLS986/B)
- B. Period Accounting. Update (GLS140)
- C. System Calendar. Open (CRS900)
- D. Accounting Identity. Open (CRS630)
Answer: C
NEW QUESTION # 33
Which one of the following programs is where you can examine and change incorrect transactions?
- A. Internal Account Entry. Open (CAS300)
- B. Internal Allocation. Calculate (CAS130)
- C. Journal Voucher. Enter (CAS100)
- D. Internal Account Entry. Create (CAS950)
Answer: A
NEW QUESTION # 34
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,C
NEW QUESTION # 35
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.Select to Match (APS350)
- C. Supplier Invoice.Auto Match GL Line (APS375)
- D. Supplier Invoice.Recode (APS100)
Answer: D
NEW QUESTION # 36
Which one of the following General Ledger Financial Accounting Management (FAM) functions do you use for account allocations and accounts distributions?
- A. Unrealized Exchange Rate Variance. Update (GLS160)
- B. Journal Voucher. Update Recurring (GLS175)
- C. Period Accounting. Update (GLS140)
- D. A/C Allocation. Update (GLS130)
Answer: D
NEW QUESTION # 37
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Warehouse
- B. Item. Open
- C. Item. Facility
- D. Item. Location
- E. Item. Company
Answer: A,C,D
NEW QUESTION # 38
You need to view the cost of individual manufacturing orders. Which one of the following programs should you use?
- A. Order Costing. Display (CAS310)
- B. Order Costing Balance File. Display (CAS330)
- C. Internal Account Entry. Create (CAS950)
- D. Order Costing. Release (CAS320)
Answer: B
NEW QUESTION # 39
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