Infor M3-123 Exam Questions Instant Access

Question 1

Which two of the following situations create account entries for accounting rule PP10? (Choose two.)

AGoods are reported as received in Purchase Order. Receive Goods (PPS300)

BSupplier's invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)

CGoods receipts are deleted in Purchase Order. Display Line Trans (PPS330)

DGoods are reported as received in Purchase Order. Put Away Goods (PPS320)

Answer : B, D

Question 2

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?

AIdentify them separately in the general ledger.

BIdentify them as external entries in the general ledger.

CCombine the entries into one entry in the general ledger.

DDo not distinguish between internal entries and external entries.

Answer : A

Question 3

Which two of the following programs need to be checked at Year End and updated? (Choose two.)

AMFS240

BMFS165

CCRS400

DCRS410

Answer : B, D

Question 4

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?

ASettings - Purchasing (CRS780)

BCosting Element. Open (PPS280)

CSettings - Product Costing (PCS001)

DItem. Connect Facility (MMS003/F)

Answer : C

Question 5

Which three of the following describe accounting structures? (Choose three.)

AOnly important when the identities you want to group together are sequentially numbered

BPurpose is to group identities for display and printout purposes

CHierarchical model corresponding to an organization's structure

DGroup of accounting identities or other accounting structures

ESub-structures containing many accounting identities cannot easily be moved to new accounting structures

Answer : C, D, E

Question 6

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?

ASupplier. Connect Item (PPS040)

BSupplier. Connect Address (CRS622)

CBank Account. Open (CRS692/B)

DSupplier. Define Purchase Financial (CRS624)

Answer : D

Question 7

Which one of the following items describes what happens first when the account allocation proposal is approved in A/C Allocation. Update (GLS130)?

AAccount entries are created.

BThe budget is updated.

CBudget allocations are deleted.

DThe transactions that are created on all levels are totaled.

Answer : A

Infor Certified M3 Finance Consultant M3-123 Exam Questions