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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 # 32
Which three of the following options make up an accounting rule? (Choose three.)
- A. Accounting string
- B. Accounting invoice
- C. Accounting type
- D. Accounting event
- E. Accounting ledger
Answer: C,D,E
NEW QUESTION # 33
Which one of the following options are invoice number series defined by?
- A. Facility
- B. Warehouse
- C. Calendar year
- D. Fiscal year
Answer: D
NEW QUESTION # 34
Which one of the following activities involves manual updating for an invoiced customer order?
- A. Invoice post-processing
- B. Automatic allocation
- C. Closing the order line
- D. Bank statement processing
Answer: A
NEW QUESTION # 35
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. Location
- C. Item. Facility
- D. Item. Company
- E. Item. Open
Answer: A,B,C
NEW QUESTION # 36
Which one of the following accounts always has precedence over a general account for the same supplier?
- A. User-authorized
- B. Master
- C. Division-specific
- D. Employee
Answer: D
NEW QUESTION # 37
Which two of the following programs need to be checked at Year End and updated? (Choose two.)
- A. MFS240
- B. CRS410
- C. MFS165
- D. CRS400
Answer: B,C
NEW QUESTION # 38
Which two of the following describe account groups in Infor M3? (Choose two.)
- A. Account groups are defined at the division level but not the company level.
- B. Six levels of account groups exist.
- C. Each account group must be defined as included in the statement of account or the balance sheet.
- D. Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.
Answer: C,D
NEW QUESTION # 39
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 GL99 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 GL01 with at least one detail record is defined in FAM Function. Open (CRS405).
Answer: A,C
NEW QUESTION # 40
Which three of the following describe accounting structures? (Choose three.)
- A. Only important when the identities you want to group together are sequentially numbered
- B. Sub-structures containing many accounting identities cannot easily be moved to new accounting structures
- C. Purpose is to group identities for display and printout purposes
- D. Group of accounting identities or other accounting structures
- E. Hierarchical model corresponding to an organization's structure
Answer: B,D,E
NEW QUESTION # 41
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 # 42
Which three of the following Infor M3 modules and programs does the Accounts Payable module integrate with? (Choose three.)
- A. Time accounting
- B. Accounts receivable
- C. Purchase orders and purchase order processing
- D. Budgeting
- E. General ledger
Answer: B,C,E
NEW QUESTION # 43
Which one of the following is a reason that a cost account error may be generated?
- A. Deviation of demand forecast from actual demand
- B. Transaction price missing due to missing inventory value of the item
- C. Item out of stock
- D. System failed to synchronize
Answer: A
NEW QUESTION # 44
Which one of the following occurs when a cost accounting error occurs?
- A. Transactions are stopped from being transferred to the general ledger
- B. General ledger balance file is generated
- C. Transaction error log is created in the system
- D. Transactions are transferred and flagged in the general ledger
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 3
- B. Bank account type 2
- C. Bank account type 4
- D. Bank account type 1
Answer: D
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. Multi-unit coordination (MUC)
- B. Cost accounting
- C. Consolidation
- D. Business Performance Warehouse
Answer: A
NEW QUESTION # 47
You have an invoice where the invoiced quantity is not equal to the received quantity. You do not expect to receive any more goods for the purchase order.
Which one of the following options is a way you can handle this invoice using Supplier Invoice.Match GR Line (APS360)?
- A. Pay the invoice
- B. Automatically close the invoice line
- C. Create a debit note
- D. Correct the incorrect account entries
Answer: C
NEW QUESTION # 48
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The Infor M3-123 certification exam is an excellent opportunity for individuals who want to validate their knowledge and skills in M3 finance management. This 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.
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