Infor M3-123 Exam Practice Test Instant Access

Question 1

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?

AAccounting Rule. Set (CRS395)

BFAM Function. Open Details

CAR Payment Method. Open (CRS076)

DCredit Monitoring. Process (RMS420)

ESettings - Accounts Payable (APS905)

Answer : E

Question 2

Which one of the following describes the general accounts receivable setup program?

ACompany. Open (MNS095)

BSettings - Accounts Receivable (ARS905)

CAccount Group. Open (CRS633)

DSettings - General Ledger (CRS750)

Answer : B

Question 3

Which one of the following describes a payment type when there is no invoice to match against the payment?

ACash

BPartial

COn-account

DFull

Answer : C

Question 4

Which two of the following are benefits of Ad Hoc Reporting? (Choose two.)

AReduces the cost of modifications to Infor M3 standard reports and extra customer-unique reports during and after implementation

BEnsures that Infor M3 users can view everything they want to see

CIntegrates with Infor M3's auto jobs to enable reports to run and be delivered to users on an ad hoc basis

DRequires minimal training as the tool is built on all the existing standards that exist within Infor M3 and Infor Smart Office

Answer : A, C

Question 5

Which one of the following programs do you use to define settings for cost accounting?

ASettings - Cost Accounting (CAS900)

BOrder Costing. Release (CAS320)

CInternal Account Entry. Create (CAS950)

DOrder Costing Balance File. Display (CAS330)

Answer : A

Question 6

Which one of the following manages most of the integration between the financial system and other Infor M3 applications?

APayment proposals

BException rules

CAccounting rules

DAccounts Payable (AP) accounting table

Answer : C

Question 7

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

Infor M3-123 Infor Certified M3 Finance Consultant Exam Practice Test