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Infor M3-123 exam is a certification exam designed for individuals who want to demonstrate their expertise in Infor M3 Finance. M3-123 exam is intended for professionals who have experience working with Infor M3 Finance and are looking to validate their skills and knowledge. By passing M3-123 exam, candidates can prove their proficiency in Infor M3 Finance and enhance their career prospects.
NEW QUESTION # 11
Which one of the following programs is where you can examine and change incorrect transactions?
- A. Internal Account Entry. Open (CAS300)
- B. Journal Voucher. Enter (CAS100)
- C. Internal Allocation. Calculate (CAS130)
- D. Internal Account Entry. Create (CAS950)
Answer: A
NEW QUESTION # 12
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
- A. Accounting string error
- B. Currency error
- C. Rounding differences error
- D. Zero Price error correct
Answer: C,D
NEW QUESTION # 13
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. The out service, for example StreamServe, is not set up correctly.
- B. You have not ended the path with a backslash.
- C. You haven't activated Save file in Ad Hoc Report. Open (AHS010).
- D. You have selected the wrong Doc location method.
- E. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
Answer: A
NEW QUESTION # 14
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. Supplier's invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)
- C. Goods are reported as received in Purchase Order. Receive Goods (PPS300)
- D. Goods are reported as received in Purchase Order. Put Away Goods (PPS320)
Answer: B,D
NEW QUESTION # 15
Which one of the following is a reason that a cost account error may be generated?
- A. Transaction price missing due to missing inventory value of the item
- B. Deviation of demand forecast from actual demand
- C. System failed to synchronize
- D. Item out of stock
Answer: A
NEW QUESTION # 16
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. 4 = Split
- C. 0 = No split
- D. 1 = Split per costing element
Answer: C
NEW QUESTION # 17
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
- A. Currency error
- B. Rounding differences error
- C. Accounting string error
- D. Zero Price error correct
Answer: B,C
NEW QUESTION # 18
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?
- A. Customer group rule
- B. Override rule
- C. Exception rule
- D. FAM rule
Answer: A
NEW QUESTION # 19
Which two of the following rules are primarily used for processing customer invoices and credit notes?
(Choose two.)
- A. AR20
- B. AR10
- C. AR50
- D. AR30
Answer: A,B
NEW QUESTION # 20
In some countries, the transactions from the cost accounting module are considered internal entries as opposed to external entries, which are typically generated from an actual document such as an invoice. Which one of the following options is what you need to do to the internal entries?
- A. Identify them separately in the general ledger.
- B. Identify them as external entries in the general ledger.
- C. Combine the entries into one entry in the general ledger.
- D. Do not distinguish between internal entries and external entries.
Answer: A
NEW QUESTION # 21
Which three of the following describe accounting structures? (Choose three.)
- A. Hierarchical model corresponding to an organization's structure
- B. Only important when the identities you want to group together are sequentially numbered
- C. Sub-structures containing many accounting identities cannot easily be moved to new accounting structures
- D. Purpose is to group identities for display and printout purposes
- E. Group of accounting identities or other accounting structures
Answer: A,C,E
NEW QUESTION # 22
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. CINACC
- B. MITTRA
- C. OOLINE
- D. MITBAL
Answer: B
NEW QUESTION # 23
You need to retrieve the purchase price for purchase costing. Which two of the following programs should you use? (Choose two.)
- A. Supplier.Connect Item (PPS040)
- B. Item. Open (MMS001)
- C. Purchase Agreement.Open (PPS100)
- D. Item.Connect Warehouse (MMS002)
- E. Purchase Costing. Simulate (PPS295)
Answer: A,C
NEW QUESTION # 24
You are configuring multi unit coordination (MUC) and defining the invoice number series. Which one of the following needs invoice number series definition?
- A. Each production warehouse separately in each division
- B. Only the central (blank) division
- C. Only one local division
- D. Each division included in MUC
Answer: D
NEW QUESTION # 25
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 Address (CRS622)
- B. Supplier. Connect Item (PPS040)
- C. Supplier. Define Purchase Financial (CRS624)
- D. Bank Account. Open (CRS692/B)
Answer: C
NEW QUESTION # 26
Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)
- A. Accounting identity
- B. Accounting types
- C. Accounting strings
- D. Accounting events
Answer: B,D
NEW QUESTION # 27
Which one of the following activities is part of purchase costing?
- A. Calculating the cost of acquiring items
- B. Re-selling acquired items
- C. Manufacturing items
- D. Getting acquired items into inventory
Answer: A
NEW QUESTION # 28
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: D
NEW QUESTION # 29
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