Get Certified Easily with Online M3-123 Dumps

Using Infor Certified M3 Finance Consultant M3-123 questions can help you build confidence as you prepare for the exam. By practicing with these M3-123 dumps questions, you will be better prepared and more confident when you take the actual exam. Besides, M3-123 exam dumps questions cover a wide range of topics that are relevant to the certification exam. By using M3-123 dumps questions, you will be able to ensure that you have a comprehensive understanding of the material covered on the exam. Practice free Informatica M3-123 exam dumps below.

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1. Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?

AP30

AP50

AP10

AP20

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2. 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)?

Automatically close the invoice line

Pay the invoice

Correct the incorrect account entries

Create a debit note

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3. You need to view the cost of individual manufacturing orders.

Which one of the following programs should you use?

Order Costing. Display (CAS310)

Order Costing. Release (CAS320)

Internal Account Entry. Create (CAS950)

Order Costing Balance File. Display (CAS330)

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4. 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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5. 1.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?

Identify them separately in the general ledger.

Identify them as external entries in the general ledger.

Combine the entries into one entry in the general ledger.

Do not distinguish between internal entries and external entries.

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6. Which one of the following accounting events handles distribution between warehouses?

MM50

PC10

MM20

0I20

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7. 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?

5

7

3

10

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8. 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)

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9. Which one of the following accounts always has precedence over a general account for the same supplier?

User-authorized

Master

Employee

Division-specific

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10. 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?

Approve the invoice for payment

Approve the invoice variance

Split the invoice

Reject the invoice for payment

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

Accounting event

Accounting invoice

Accounting string

Accounting type

Accounting ledger

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12. Which one of the following options describes why you use distribution costing?

To centralize manufacturing and move goods to the customer

To calculate the company’s cost for moving goods internally between warehouses/facilities

To move goods to a vendor

To calculate the company’s cost for moving goods to the manufacturer

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13. 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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14. 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)

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15. Which two of the following rules are primarily used for processing customer invoices and credit notes? (Choose two.)

AR50

AR20

AR30

AR10

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16. 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)

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17. 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.

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18. Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?

Cost account entry

Payment proposal

Journal voucher entry

Invoice proposal

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19. 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.)

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.

FAM function GL01 with at least one detail record is defined in FAM Function. Open (CRS405).

All transactions from the year to be updated are recorded.

FAM function GL99 is defined in ‘FAM Function. Open’ (CRS405).

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20. Which one of the following programs do you use to register a supplier for Accounts Payable?

Supplier Payment Proposal.Open (APS130)

Supplier Item.Connect Manufacturer (PPS041)

Supplier.Connect Items (PPS040)

Supplier.Open (CRS620)

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