[2023] Earn Quick And Easy Success With M3-123 Dumps

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Infor M3-123: Infor Certified M3 Finance Consultant exam is a certification exam designed for individuals who are seeking to become certified professionals in the field of finance consulting in the Infor M3 system. M3-123 exam is offered by Infor, a global leader in enterprise software solutions.

 

NEW QUESTION # 15
Which one of the following describes the relationship of the Financial Application Management (FAM) functions with the Accounts Payable workflow?

• A. Have nothing to do with the workflow
• B. Control some of the workflow
• C. Permit only single detail records to be attached to the main record
• D. Entirely control the workflow

Answer: A

NEW QUESTION # 16
Which one of the following activities is part of purchase costing?

• A. Calculating the cost of acquiring items
• B. Manufacturing items
• C. Getting acquired items into inventory
• D. Re-selling acquired items

Answer: A

NEW QUESTION # 17
Which one of the following programs allows you to recode, authorize, and approve invoices for payment?

• A. Supplier Invoice.Recode (APS110)
• B. Supplier Invoice.Record (APS100)
• C. Supplier Payment.Enter Manual (APS120)
• D. Supplier Payment Proposal.Open (APS130)

Answer: B

NEW QUESTION # 18
Which three of the following options are grouped into classes and sub-classes in order to process supplier invoices? (Choose three.)

• A. Payment file
• B. Payment method
• C. Payment type
• D. Payment class
• E. Payment batch

Answer: B,C,D

NEW QUESTION # 19
Which one of the following activities involves manual updating for an invoiced customer order?

• A. Bank statement processing
• B. Closing the order line
• C. Invoice post-processing
• D. Automatic allocation

Answer: C

NEW QUESTION # 20
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 # 21
You are configuring the M3 structure so it can handle more than one legal unit in the best possible way. Which one of the following enables you to define users that have access to all divisions (central users) or users whose access is limited to one division (local users)?

• A. Accounts Receivable
• B. Group Consolidation
• C. Multiple Unit Coordination (MUC)
• D. Fixed Assets

Answer: C

NEW QUESTION # 22
You want to enter an invoice as Invoiced/Goods Not Received when the invoice is matched to a PO in Supplier Invoice. Record (APS100). Which one of the following master supplier fields indicates whether it is possible to do that?

• A. Inv approv cond (Invoice approval condition 1)
• B. Auto inv approve (Automatic invoice approval code)
• C. Inv approv cond (Invoice approval condition 2)
• D. Inv approv cond (Invoice approval condition) 3

Answer: D

NEW QUESTION # 23
Which one of the following accounting events handles distribution between warehouses?

• A. MM20
• B. 0I20
• C. MM50
• D. PC10

Answer: A

NEW QUESTION # 24
Which one of the following programs do you use to register a supplier for Accounts Payable?

• A. Supplier Item.Connect Manufacturer (PPS041)
• B. Supplier.Open (CRS620)
• C. Supplier.Connect Items (PPS040)
• D. Supplier Payment Proposal.Open (APS130)

Answer: B

NEW QUESTION # 25
Which two of the following items can be updated when post-processing invoices? (Choose two.)

• A. Automatic invoicing
• B. Transfers to receivables and the general ledger
• C. Invoice account entries
• D. VAT proposal

Answer: B,D

NEW QUESTION # 26
You just ran the Internal Account Entry.Create (CAS950). Which one of the following database files is an internal account entry that is created?

• A. OOLINE
• B. MITBAL
• C. CINACC
• D. MITTRA

Answer: D

NEW QUESTION # 27
Which one of the following programs allows you to manually enter supplier invoices for payment?

• A. Supplier Invoice.Record (APS100)
• B. Supplier Invoice Batch.Open (APS450)
• C. Supplier Payment Proposal.Open (APS130)
• D. Supplier Invoice. Recode (APS110)

Answer: D

NEW QUESTION # 28
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?

• A. You have selected the wrong Doc location method.
• B. The out service, for example StreamServe, is not set up correctly.
• C. You haven't activated Save file in Ad Hoc Report. Open (AHS010).
• D. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
• E. You have not ended the path with a backslash.

Answer: B

NEW QUESTION # 29
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: C

NEW QUESTION # 30
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. Settings - Accounts Payable (APS905)
• B. FAM Function. Open Details
• C. Accounting Rule. Set (CRS395)
• D. Credit Monitoring. Process (RMS420)
• E. AR Payment Method. Open (CRS076)

Answer: A

NEW QUESTION # 31
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. 1, 2, 3, 4
• B. 2, 3, 1, 4
• C. 3, 2, 4, 1
• D. 4, 3, 2, 1

Answer: C

NEW QUESTION # 32
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