Infor M3-123 Exam Practice Test Instant Access

Question 1

Which one of the following programs do you use to register a supplier for Accounts Payable?

ASupplier Payment Proposal.Open (APS130)

BSupplier Item.Connect Manufacturer (PPS041)

CSupplier.Connect Items (PPS040)

DSupplier.Open (CRS620)

Answer : D

Question 2

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 3

Which one of the following processes updates the standard cost of an item?

AManufacturing items

BGetting acquired items into inventory

CCalculating the cost of acquiring items

DRe-selling acquired items

Answer : C

Question 4

Which one of the following activities involves manual updating for an invoiced customer order?

AInvoice post-processing

BClosing the order line

CAutomatic allocation

DBank statement processing

Answer : A

Question 5

Which one of the following options describes why you use distribution costing?

ATo centralize manufacturing and move goods to the customer

BTo calculate the company's cost for moving goods internally between warehouses/facilities

CTo move goods to a vendor

DTo calculate the company's cost for moving goods to the manufacturer

Answer : B

Question 6

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?

ASupplier Invoice.Auto Match GL Line (APS375)

BSupplier Invoice.Select Trans to Match (APS351)

CSupplier Invoice.Recode (APS100)

DSupplier Invoice.Select to Match (APS350)

Answer : C

Question 7

Which one of the following accounts always has precedence over a general account for the same supplier?

AUser-authorized

BMaster

CEmployee

DDivision-specific

Answer : C

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