Infor M3 M3-123 Practice Test Engine: Try These 75 Exam Questions
Guaranteed Success in Infor M3 M3-123 Exam Dumps
NEW QUESTION # 42
Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?
- A. AP30
- B. AP50
- C. AP10
- D. AP20
Answer: C
NEW QUESTION # 43
You are configuring cost accounting on CAS900/E and are setting up 032 Split COGS into costing elements - purchased items. You want to have the total inventory cost post as one transaction using accounting type 971.
Which one of the following options would you select?
- A. 1 = Split per costing element
- B. 0 = No split
- C. 3 = Same as alternative
- D. 4 = Split
Answer: B
NEW QUESTION # 44
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?
- A. Settings - Product Costing (PCS001)
- B. Costing Element. Open (PPS280)
- C. Settings - Purchasing (CRS780)
- D. Item. Connect Facility (MMS003/F)
Answer: A
NEW QUESTION # 45
Which one of the following is a reason that a cost account error may be generated?
- A. System failed to synchronize
- B. Item out of stock
- C. Deviation of demand forecast from actual demand
- D. Transaction price missing due to missing inventory value of the item
Answer: D
NEW QUESTION # 46
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. Automatically close the invoice line
- B. Correct the incorrect account entries
- C. Create a debit note
- D. Pay the invoice
Answer: C
NEW QUESTION # 47
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?
- A. Balance Brought Forward Statement of Account
- B. Open Item Statement of Account
- C. Payment Advice Statement
- D. Accounts Receivable Display Additional Information Statement
Answer: B
NEW QUESTION # 48
Which one of the following programs allows you to recode, authorize, and approve invoices for payment?
- A. Supplier Invoice.Record (APS100)
- B. Supplier Payment Proposal.Open (APS130)
- C. Supplier Payment.Enter Manual (APS120)
- D. Supplier Invoice.Recode (APS110)
Answer: A
NEW QUESTION # 49
Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?
- A. Invoice proposal
- B. Payment proposal
- C. Cost account entry
- D. Journal voucher entry
Answer: B
NEW QUESTION # 50
Which one of the following options are invoice number series defined by?
- A. Calendar year
- B. Fiscal year
- C. Warehouse
- D. Facility
Answer: B
NEW QUESTION # 51
When Infor M3 updates the cost accounting system with financial transactions, it adds information to the database, which is moved to several user-defined accounting dimensions used for reporting and analyses. Which one of the following options represents the number of user-defined accounting dimensions that can be set in Infor M3?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 52
Which two of the following describe account groups in Infor M3? (Choose two.)
- A. Six levels of account groups exist.
- B. Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.
- C. Account groups are defined at the division level but not the company level.
- D. Each account group must be defined as included in the statement of account or the balance sheet.
Answer: B,D
NEW QUESTION # 53
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Facility
- B. Item. Company
- C. Item. Warehouse
- D. Item. Location
- E. Item. Open
Answer: A,C,D
NEW QUESTION # 54
You need to add 10% of the net purchase price to the cost of the acquired item, which requires the following four steps:
1. Add the element to the costing model
2. Add a costing value
3. Add the costing model to the item
4. Create a costing element with operator 5
Which one of the following is the correct order in which those tasks should be performed?
- A. 2, 3, 4, 1
- B. 1, 2, 3, 4
- C. 4, 2, 1, 3
- D. 3, 1, 4, 2
Answer: B
NEW QUESTION # 55
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. Accounting Identity. Open (CRS630)
- B. Period Accounting. Update (GLS140)
- C. System Calendar. Open (CRS900)
- D. Fiscal Year. Periods (GLS986/B)
Answer: C
NEW QUESTION # 56
The manufacturing order processing flow includes the following four tasks:
1. Production receipt
2. Issue material to manufacturing order
3. Create manufacturing order
4. Report operations
Which one of the following is the correct order in which those tasks should be performed?
- A. 4, 3, 2, 1
- B. 2, 3, 1, 4
- C. 1, 2, 3, 4
- D. 3, 2, 4, 1
Answer: C
NEW QUESTION # 57
Which one of the following settings sorts and filters different database views allowing you to review the numbers posted to one or several accounting dimensions when updating the general ledger?
- A. FAM function
- B. Costing model
- C. Sorting ID
- D. Balance key
Answer: D
NEW QUESTION # 58
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?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 59
......
Test Engine to Practice M3-123 Test Questions: https://www.testpdf.com/M3-123-exam-braindumps.html
Infor M3-123 Daily Practice Exam New 2024 Updated 75 Questions: https://drive.google.com/open?id=1ZUUDa40VyNAj3Ko0AVqnpZo19BFDYDPd
