NEW 2024 Certification Sample Questions M3-123 Dumps & Practice Exam
M3-123 Deluxe Study Guide with Online Test Engine
NEW QUESTION # 40
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. Create a debit note
- B. Pay the invoice
- C. Correct the incorrect account entries
- D. Automatically close the invoice line
Answer: A
NEW QUESTION # 41
Which of the following describe account groups in Infor M3?
- A. Account groups are defined at the division level but not the company level.
- 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. Six levels of account groups exist.
Answer: B
NEW QUESTION # 42
You need to view the cost of individual manufacturing orders. Which one of the following programs should you use?
- A. Internal Account Entry. Create (CAS950)
- B. Order Costing Balance File. Display (CAS330)
- C. Order Costing. Release (CAS320)
- D. Order Costing. Display (CAS310)
Answer: B
NEW QUESTION # 43
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 Item (PPS040)
- B. Bank Account. Open (CRS692/B)
- C. Supplier. Connect Address (CRS622)
- D. Supplier. Define Purchase Financial (CRS624)
Answer: D
NEW QUESTION # 44
Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)
- A. Accounting events
- B. Accounting types
- C. Accounting identity
- D. Accounting strings
Answer: A,B
NEW QUESTION # 45
Which one of the following programs do you use to define settings for cost accounting?
- A. Internal Account Entry. Create (CAS950)
- B. Order Costing. Release (CAS320)
- C. Settings - Cost Accounting (CAS900)
- D. Order Costing Balance File. Display (CAS330)
Answer: C
NEW QUESTION # 46
Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?
- A. Cost account entry
- B. Payment proposal
- C. Invoice proposal
- D. Journal voucher entry
Answer: B
NEW QUESTION # 47
Which one of the following programs do you use to process a Manual AP Invoice?
- A. APS120
- B. APS110
- C. APS100
- D. APS450
Answer: A
NEW QUESTION # 48
Which one of the following options are invoice number series defined by?
- A. Facility
- B. Calendar year
- C. Warehouse
- D. Fiscal year
Answer: D
NEW QUESTION # 49
Which one of the following occurs when a cost accounting error occurs?
- A. Transactions are transferred and flagged in the general ledger
- B. Transaction error log is created in the system
- C. Transactions are stopped from being transferred to the general ledger
- D. General ledger balance file is generated
Answer: A
NEW QUESTION # 50
Which three of the following options are grouped into classes and sub-classes in order to process supplier invoices? (Choose three.)
- A. Payment class
- B. Payment method
- C. Payment type
- D. Payment batch
- E. Payment file
Answer: A,B,C
NEW QUESTION # 51
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. Customer group rule
- C. FAM rule
- D. Exception rule
Answer: B
NEW QUESTION # 52
Which one of the following programs allows you to recode, authorize, and approve invoices for payment?
- A. Supplier Payment Proposal.Open (APS130)
- B. Supplier Payment.Enter Manual (APS120)
- C. Supplier Invoice.Record (APS100)
- D. Supplier Invoice.Recode (APS110)
Answer: C
NEW QUESTION # 53
Which two of the following are benefits of Ad Hoc Reporting? (Choose two.)
- A. Requires minimal training as the tool is built on all the existing standards that exist within Infor M3 and Infor Smart Office
- B. Ensures that Infor M3 users can view everything they want to see
- C. Reduces the cost of modifications to Infor M3 standard reports and extra customer-unique reports during and after implementation
- D. Integrates with Infor M3's auto jobs to enable reports to run and be delivered to users on an ad hoc basis
Answer: C,D
NEW QUESTION # 54
Which one of the following programs do you always start with first before proceeding to Transaction Work File. Restart Erroneous Jobs (GLS037) with a restarted job that appears as erroneous?
- A. Transaction Work File. Restart Interrupted Jobs (GLS047)
- B. General Ledger. Display Transactions (GLS210)
- C. Transaction Work File. Print (GLS970)
- D. GL Balance File. Display (GLS215)
- E. Period. Open for Transaction Entry (GLS990)
Answer: A
NEW QUESTION # 55
Which one of the following programs must be run to generate cost accounting entries?
- A. Internal Account Entry. Create (CAS950)
- B. Internal Account Entry. Open (CAS300)
- C. Order Costing. Display (CAS310)
- D. Internal Account Entry. Transfer to GL (CAS960)
Answer: A
NEW QUESTION # 56
You need to retrieve the purchase price for purchase costing. Which two of the following programs should you use? (Choose two.)
- A. Purchase Agreement.Open (PPS100)
- B. Supplier.Connect Item (PPS040)
- C. Item.Connect Warehouse (MMS002)
- D. Purchase Costing. Simulate (PPS295)
- E. Item. Open (MMS001)
Answer: A,B
NEW QUESTION # 57
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. MITBAL
- B. OOLINE
- C. CINACC
- D. MITTRA
Answer: C
NEW QUESTION # 58
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. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
- B. You haven't activated Save file in Ad Hoc Report. Open (AHS010).
- C. You have not ended the path with a backslash.
- D. The out service, for example StreamServe, is not set up correctly.
- E. You have selected the wrong Doc location method.
Answer: D
NEW QUESTION # 59
Which one of the following programs allows you to manually enter supplier invoices for payment?
- A. Supplier Payment Proposal.Open (APS130)
- B. Supplier Invoice Batch.Open (APS450)
- C. Supplier Invoice.Record (APS100)
- D. Supplier Invoice. Recode (APS110)
Answer: D
NEW QUESTION # 60
Which one of the following describes the general accounts receivable setup program?
- A. Settings - General Ledger (CRS750)
- B. Account Group. Open (CRS633)
- C. Company. Open (MNS095)
- D. Settings - Accounts Receivable (ARS905)
Answer: D
NEW QUESTION # 61
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. 1 = Split per costing element
- B. 3 = Same as alternative
- C. 0 = No split
- D. 4 = Split
Answer: C
NEW QUESTION # 62
Which one of the following program screens do you use to check the three-way match process agrees to your supplier invoice?
- A. Purchase Order. Receive Goods (PPS300)
- B. Supplier Invoice. Match GR Line (APS360)
- C. Purchase Order. Open (PPS200)
- D. Internal Account Entry. Open (CAS300)
Answer: B
NEW QUESTION # 63
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 Item (PPS040)
- B. Bank Account. Open (CRS692/B)
- C. Supplier. Connect Address (CRS622)
- D. Supplier. Define Purchase Financial (CRS624)
Answer: D
NEW QUESTION # 64
Which two of the following programs need to be checked at Year End and updated? (Choose two.)
- A. MFS240
- B. MFS165
- C. CRS410
- D. CRS400
Answer: B,C
NEW QUESTION # 65
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