M3-123 Dumps PDF 2024 Program Your Preparation EXAM SUCCESS
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NEW QUESTION # 21
Which one of the following describes the general accounts receivable setup program?
- A. Settings - General Ledger (CRS750)
- B. Account Group. Open (CRS633)
- C. Settings - Accounts Receivable (ARS905)
- D. Company. Open (MNS095)
Answer: C
NEW QUESTION # 22
You are matching a purchase order to a supplier invoice. There is a difference between the purchase order record and the amount of the invoice received from the supplier. Which one of the following tasks do you complete prior to recoding the invoice?
- A. Approve the invoice variance
- B. Approve the invoice for payment
- C. Split the invoice
- D. Reject the invoice for payment
Answer: A
NEW QUESTION # 23
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Company
- B. Item. Open
- C. Item. Warehouse
- D. Item. Location
- E. Item. Facility
Answer: A,C,E
NEW QUESTION # 24
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 # 25
Which two of the following items can be updated when post-processing invoices? (Choose two.)
- A. Transfers to receivables and the general ledger
- B. Invoice account entries
- C. Automatic invoicing
- D. VAT proposal
Answer: A,D
NEW QUESTION # 26
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. Pay the invoice
- C. Create a debit note
- D. Correct the incorrect account entries
Answer: C
NEW QUESTION # 27
Which two of the following rules are primarily used for processing customer invoices and credit notes? (Choose two.)
- A. AR10
- B. AR20
- C. AR30
- D. AR50
Answer: A,C
NEW QUESTION # 28
Which of the following describe account groups in Infor M3?
- 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.
Answer: B
NEW QUESTION # 29
Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)
- A. Accounting events
- B. Accounting strings
- C. Accounting identity
- D. Accounting types
Answer: A,D
NEW QUESTION # 30
Which one of the following is created when an invoice is received in Infor M3 as a document record relating to a business transaction?
- A. Accounting rule set
- B. Voucher
- C. Statement of Account
- D. Credit memo
Answer: D
NEW QUESTION # 31
Which one of the following is a reason that a cost account error may be generated?
- A. Deviation of demand forecast from actual demand
- B. Item out of stock
- C. Transaction price missing due to missing inventory value of the item
- D. System failed to synchronize
Answer: C
NEW QUESTION # 32
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 # 33
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. Override rule
- B. FAM rule
- C. Exception rule
- D. Customer group rule
Answer: C
NEW QUESTION # 34
Which one of the following occurs when a cost accounting error occurs?
- A. Transactions are stopped from being transferred to the general ledger
- B. Transactions are transferred and flagged in the general ledger
- C. Transaction error log is created in the system
- D. General ledger balance file is generated
Answer: A
NEW QUESTION # 35
You need to retrieve the purchase price for purchase costing. Which two of the following programs should you use? (Choose two.)
- A. Item. Open (MMS001)
- B. Supplier.Connect Item (PPS040)
- C. Purchase Agreement.Open (PPS100)
- D. Item.Connect Warehouse (MMS002)
- E. Purchase Costing. Simulate (PPS295)
Answer: C,E
NEW QUESTION # 36
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 2
- C. Bank account type 4
- D. Bank account type 1
Answer: A
NEW QUESTION # 37
Which one of the following activities is part of purchase costing?
- A. Re-selling acquired items
- B. Calculating the cost of acquiring items
- C. Getting acquired items into inventory
- D. Manufacturing items
Answer: B
NEW QUESTION # 38
Which one of the following accounts always has precedence over a general account for the same supplier?
- A. Employee
- B. Master
- C. Division-specific
- D. User-authorized
Answer: A
NEW QUESTION # 39
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. Fiscal Year. Periods (GLS986/B)
- B. Period Accounting. Update (GLS140)
- C. System Calendar. Open (CRS900)
- D. Accounting Identity. Open (CRS630)
Answer: C
NEW QUESTION # 40
Which one of the following options are invoice number series defined by?
- A. Fiscal year
- B. Facility
- C. Calendar year
- D. Warehouse
Answer: A
NEW QUESTION # 41
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. Multiple Unit Coordination (MUC)
- B. Fixed Assets
- C. Group Consolidation
- D. Accounts Receivable
Answer: A
NEW QUESTION # 42
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