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M3-123 Sample Questions Answers

Questions 4

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?

Options:

A.

Approve the invoice for payment

B.

Approve the invoice variance

C.

Split the invoice

D.

Reject the invoice for payment

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Questions 5

Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?

Options:

A.

AP30

B.

AP50

C.

AP10

D.

AP20

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Questions 6

Which one of the following programs do you use to process a Manual AP Invoice?

Options:

A.

APS110

B.

APS100

C.

APS120

D.

APS450

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Questions 7

You need to review the standard cost calculation of acquired items. Which one of the following should you use?

Options:

A.

CAS371 Average Cost. Display/Update History

B.

PCS300 Product Costing. Display

C.

PCS265 Actual Cost. Update/Display

D.

CAS310 Order Costing. Display

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Questions 8

Which one of the following is a reason that a cost account error may be generated?

Options:

A.

System failed to synchronize

B.

Item out of stock

C.

Transaction price missing due to missing inventory value of the item

D.

Deviation of demand forecast from actual demand

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Questions 9

You need to show all unpaid accounts receivable invoices, including credit invoices, per payer or customer and currency. Which one of the following statements should you create?

Options:

A.

Accounts Receivable Display Additional Information Statement

B.

Payment Advice Statement

C.

Balance Brought Forward Statement of Account

D.

Open Item Statement of Account

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Questions 10

Which one of the following describes the relationship of the Financial Application Management (FAM) functions with the Accounts Payable workflow?

Options:

A.

Permit only single detail records to be attached to the main record

B.

Entirely control the workflow

C.

Have nothing to do with the workflow

D.

Control some of the workflow

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Questions 11

Which of the following describe account groups in Infor M3?

Options:

A.

Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.

B.

Account groups are defined at the division level but not the company level.

C.

Six levels of account groups exist.

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Questions 12

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?

Options:

A.

Accounting Rule. Set (CRS395)

B.

FAM Function. Open Details

C.

AR Payment Method. Open (CRS076)

D.

Credit Monitoring. Process (RMS420)

E.

Settings - Accounts Payable (APS905)

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Questions 13

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?

Options:

A.

Supplier Invoice.Auto Match GL Line (APS375)

B.

Supplier Invoice.Select Trans to Match (APS351)

C.

Supplier Invoice.Recode (APS100)

D.

Supplier Invoice.Select to Match (APS350)

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Questions 14

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?

Options:

A.

2

B.

1

C.

3

D.

4

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Questions 15

Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)

Options:

A.

Currency error

B.

Rounding differences error

C.

Accounting string error

D.

Zero Price error correct

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Questions 16

You need to define transport cost from warehouse B to warehouse C, because it requires a different delivery method than used when transporting the same item from warehouse A. Which one of the following programs do you use to distinguish distribution costs depending on optional factors?

Options:

A.

Accounting Rule. Set (CRS395)

B.

Purchase/ Distribution Costing. Calculate (PCS280)

C.

Internal Transfer Price. Open (MFS001)

D.

Distribution Relation. Open (DPS001)

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Questions 17

Which two of the following rules are primarily used for processing customer invoices and credit notes? (Choose two.)

Options:

A.

AR50

B.

AR20

C.

AR30

D.

AR10

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Questions 18

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?

Options:

A.

Settings - Purchasing (CRS780)

B.

Costing Element. Open (PPS280)

C.

Settings - Product Costing (PCS001)

D.

Item. Connect Facility (MMS003/F)

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Questions 19

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

Options:

A.

Cash

B.

Partial

C.

On-account

D.

Full

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Questions 20

You are creating a supplier bank account. Which one of the following types of bank account do you need to create that?

Options:

A.

Bank account type 2

B.

Bank account type 3

C.

Bank account type 4

D.

Bank account type 1

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Questions 21

Which one of the following programs allows you to manually enter supplier invoices for payment?

Options:

A.

Supplier Invoice.Record (APS100)

B.

Supplier Invoice. Recode (APS110)

C.

Supplier Payment Proposal.Open (APS130)

D.

Supplier Invoice Batch.Open (APS450)

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Exam Code: M3-123
Exam Name: Infor Certified M3 Finance Consultant
Last Update: Oct 2, 2024
Questions: 73
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