M3-123 Dumps - Kickstart your Career with Real Updated Questions
Earn Quick And Easy Success With M3-123 Dumps
NEW QUESTION # 26
Which three of the following options make up an accounting rule? (Choose three.)
- A. Accounting event
- B. Accounting ledger
- C. Accounting type
- D. Accounting invoice
- E. Accounting string
Answer: A,B,C
NEW QUESTION # 27
Which one of the following is a reason that a cost account error may be generated?
- A. Item out of stock
- B. Deviation of demand forecast from actual demand
- C. Transaction price missing due to missing inventory value of the item
- D. System failed to synchronize
Answer: B
NEW QUESTION # 28
Which one of the following programs allows you to manually enter supplier invoices for payment?
- A. Supplier Invoice.Record (APS100)
- B. Supplier Invoice. Recode (APS110)
- C. Supplier Payment Proposal.Open (APS130)
- D. Supplier Invoice Batch.Open (APS450)
Answer: B
NEW QUESTION # 29
Which one of the following do you use to define the due date calculation for supplier invoices or customer invoices?
- A. Cash Discount Term. Open (CRS077)
- B. AR Payment Method. Open (CRS076)
- C. Payment Term. Open (CRS075)
- D. Payment Type. Open (CRS078)
Answer: C
NEW QUESTION # 30
You need to review the standard cost calculation of acquired items. Which one of the following should you use?
- A. CAS310 Order Costing. Display
- B. PCS265 Actual Cost. Update/Display
- C. CAS371 Average Cost. Display/Update History
- D. PCS300 Product Costing. Display
Answer: D
NEW QUESTION # 31
Which one of the following General Ledger Financial Accounting Management (FAM) functions do you use for account allocations and accounts distributions?
- A. Journal Voucher. Update Recurring (GLS175)
- B. Unrealized Exchange Rate Variance. Update (GLS160)
- C. Period Accounting. Update (GLS140)
- D. A/C Allocation. Update (GLS130)
Answer: D
NEW QUESTION # 32
Which two of the following items must be completed before you record the year-end profit or loss on General Ledger. Calculate Profit/Loss (GLS995/E)? (Choose two.)
- A. FAM function GL99 is defined in 'FAM Function. Open' (CRS405).
- B. The budget of the budget transactions to transfer must have the same year, period, budget number and budget version as the budget of the parent company.
- C. All transactions from the year to be updated are recorded.
- D. FAM function GL01 with at least one detail record is defined in FAM Function. Open (CRS405).
Answer: A,C
NEW QUESTION # 33
Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?
- A. Cost account entry
- B. Journal voucher entry
- C. Payment proposal
- D. Invoice proposal
Answer: C
NEW QUESTION # 34
Which three of the following Infor M3 modules and programs does the Accounts Payable module integrate with? (Choose three.)
- A. General ledger
- B. Accounts receivable
- C. Purchase orders and purchase order processing
- D. Time accounting
- E. Budgeting
Answer: A,B,C
NEW QUESTION # 35
Which one of the following options describes why you use distribution costing?
- A. To calculate the company's cost for moving goods internally between warehouses/facilities
- B. To calculate the company's cost for moving goods to the manufacturer
- C. To centralize manufacturing and move goods to the customer
- D. To move goods to a vendor
Answer: A
NEW QUESTION # 36
Which one of the following programs do you use to define settings for cost accounting?
- A. Order Costing. Release (CAS320)
- B. Settings - Cost Accounting (CAS900)
- C. Order Costing Balance File. Display (CAS330)
- D. Internal Account Entry. Create (CAS950)
Answer: B
NEW QUESTION # 37
Which one of the following programs do you always start with first before proceeding to Transaction Work File. Restart Erroneous Jobs (GLS037) with a restarted job that appears as erroneous?
- A. General Ledger. Display Transactions (GLS210)
- B. Transaction Work File. Restart Interrupted Jobs (GLS047)
- C. Period. Open for Transaction Entry (GLS990)
- D. Transaction Work File. Print (GLS970)
- E. GL Balance File. Display (GLS215)
Answer: B
NEW QUESTION # 38
Which two of the following situations create account entries for accounting rule PP10? (Choose two.)
- A. Goods receipts are deleted in Purchase Order. Display Line Trans (PPS330)
- B. Goods are reported as received in Purchase Order. Receive Goods (PPS300)
- C. Supplier's invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)
- D. Goods are reported as received in Purchase Order. Put Away Goods (PPS320)
Answer: C,D
NEW QUESTION # 39
You are creating a supplier bank account. Which one of the following types of bank account do you need to create that?
- A. Bank account type 3
- B. Bank account type 1
- C. Bank account type 2
- D. Bank account type 4
Answer: B
NEW QUESTION # 40
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?
- A. Supplier. Connect Item (PPS040)
- B. Bank Account. Open (CRS692/B)
- C. Supplier. Connect Address (CRS622)
- D. Supplier. Define Purchase Financial (CRS624)
Answer: D
NEW QUESTION # 41
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. 3 = Same as alternative
- B. 1 = Split per costing element
- C. 0 = No split
- D. 4 = Split
Answer: C
NEW QUESTION # 42
Which one of the following describes the relationship of the Financial Application Management (FAM) functions with the Accounts Payable workflow?
- A. Control some of the workflow
- B. Permit only single detail records to be attached to the main record
- C. Entirely control the workflow
- D. Have nothing to do with the workflow
Answer: D
NEW QUESTION # 43
Which one of the following program screens do you use to check the three-way match process agrees to your supplier invoice?
- A. Purchase Order. Receive Goods (PPS300)
- B. Internal Account Entry. Open (CAS300)
- C. Supplier Invoice. Match GR Line (APS360)
- D. Purchase Order. Open (PPS200)
Answer: C
NEW QUESTION # 44
Which three of the following options are grouped into classes and sub-classes in order to process supplier invoices? (Choose three.)
- A. Payment method
- B. Payment batch
- C. Payment type
- D. Payment class
- E. Payment file
Answer: A,C,D
NEW QUESTION # 45
Which one of the following activities is part of purchase costing?
- A. Manufacturing items
- B. Re-selling acquired items
- C. Calculating the cost of acquiring items
- D. Getting acquired items into inventory
Answer: C
NEW QUESTION # 46
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: A
NEW QUESTION # 47
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?
- 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)
Answer: E
NEW QUESTION # 48
Which two of the following describe account groups in Infor M3? (Choose two.)
- A. Six levels of account groups exist.
- B. Each account group must be defined as included in the statement of account or the balance sheet.
- C. Account groups are defined at the division level but not the company level.
- D. Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.
Answer: B,D
NEW QUESTION # 49
......
Free M3-123 pdf Files With Updated and Accurate Dumps Training: https://pass4sure.dumpstests.com/M3-123-latest-test-dumps.html