Infor Certified M3 Finance Consultant M3-123 Dumps Questions

Jonnie Karnath2023-05-29T07:27:24+00:00

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

Payment proposals

Exception rules

Accounting rules

Accounts Payable (AP) accounting table

2. Create a costing element with operator 5

Which one of the following is the correct order in which those tasks should be performed?

4, 2, 1, 3

1, 2, 3, 4

3, 1, 4, 2

2, 3, 4, 1

3. Which two of the following situations create account entries for accounting rule PP10? (Choose two.)

Goods are reported as received in Purchase Order. Receive Goods (PPS300)

Supplier’s invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)

Goods receipts are deleted in Purchase Order. Display Line Trans (PPS330)

Goods are reported as received in Purchase Order. Put Away Goods (PPS320)

4. Which one of the following items describes what happens first when the account allocation proposal is approved in A/C Allocation. Update (GLS130)?

Account entries are created.

The budget is updated.

Budget allocations are deleted.

The transactions that are created on all levels are totaled.

5. Report operations

Which one of the following is the correct order in which those tasks should be performed?

4, 3, 2, 1

2, 3, 1, 4

1, 2, 3, 4

3, 2, 4, 1

6. Which one of the following activities is part of purchase costing?

Calculating the cost of acquiring items

Getting acquired items into inventory

Manufacturing items

Re-selling acquired items

7. You have set up different accounts, from your normal accounts, so you can post to a different receivable account when you sell to a particular customer.

Which one of the following rules do you need to define so that these customer’s transactions will post to this different account?

Exception rule

Override rule

Customer group rule

FAM rule

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

APS110

APS100

APS120

APS450

9. Which three of the following Infor M3 modules and programs does the Accounts Payable module integrate with? (Choose three.)

General ledger

Time accounting

Accounts receivable

Purchase orders and purchase order processing

Budgeting

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

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

Entirely control the workflow

Have nothing to do with the workflow

Control some of the workflow

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11. 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?

0 = No split

4 = Split

3 = Same as alternative

1 = Split per costing element

12. You just ran the Internal Account Entry.Create (CAS950).

Which one of the following database files is an internal account entry that is created?

OOLINE

CINACC

MITTRA

MITBAL

13. Which one of the following programs is where you can examine and change incorrect transactions?

Journal Voucher. Enter (CAS100)

Internal Account Entry. Create (CAS950)

Internal Allocation. Calculate (CAS130)

Internal Account Entry. Open (CAS300)

14. You have defined a document location path in Ad Hoc Document Location. Open (AHS020/E), but no reports turn up at your set destination, neither at the root nor the dedicated user folder.

Which one of the following explains why?

You have not ended the path with a backslash.

The out service, for example StreamServe®, is not set up correctly.

A record connected to your user is not set up in Output Media Selection. Open (MNS205).

You haven’t activated Save file in Ad Hoc Report. Open (AHS010).

You have selected the wrong Doc location method.

15. Which three of the following options make up an accounting rule? (Choose three.)

Accounting event

Accounting invoice

Accounting string

Accounting type

Accounting ledger

16. Which one of the following do you use to define the due date calculation for supplier invoices or customer invoices?

Cash Discount Term. Open (CRS077)

Payment Type. Open (CRS078)

AR Payment Method. Open (CRS076)

Payment Term. Open (CRS075)

17. 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?

Settings - Purchasing (CRS780)

Costing Element. Open (PPS280)

Settings - Product Costing (PCS001)

Item. Connect Facility (MMS003/F)

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

Invoice post-processing

Closing the order line

Automatic allocation

Bank statement processing

19. 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?

Supplier Invoice.Auto Match GL Line (APS375)

Supplier Invoice.Select Trans to Match (APS351)

Supplier Invoice.Recode (APS100)

Supplier Invoice.Select to Match (APS350)

20. You are creating a supplier bank account.

Which one of the following types of bank account do you need to create that?

Bank account type 2

Bank account type 3

Bank account type 4

Bank account type 1

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21. 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?

Accounting Rule. Set (CRS395)

FAM Function. Open Details

AR Payment Method. Open (CRS076)

Credit Monitoring. Process (RMS420)

Settings - Accounts Payable (APS905)

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

Supplier Invoice.Record (APS100)

Supplier Invoice. Recode (APS110)

Supplier Payment Proposal.Open (APS130)

Supplier Invoice Batch.Open (APS450)

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

Currency error

Rounding differences error

Accounting string error

Zero Price error correct

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