Easily To Pass New Infor M3-123 Dumps with 75 Questions
Latest M3-123 Study Guides 2024 - With Test Engine PDF
NEW QUESTION # 21
Which one of the following programs do you use to process a Manual AP Invoice?
- A. APS450
- B. APS110
- C. APS120
- D. APS100
Answer: C
NEW QUESTION # 22
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. AR Payment Method. Open (CRS076)
- D. Credit Monitoring. Process (RMS420)
- E. Accounting Rule. Set (CRS395)
Answer: A
NEW QUESTION # 23
Which one of the following accounts always has precedence over a general account for the same supplier?
- A. Master
- B. User-authorized
- C. Division-specific
- D. Employee
Answer: D
NEW QUESTION # 24
You need to define transport cost from warehouse B to warehouse C, because it requires a different delivery method than used when transporting the same item from warehouse A. Which one of the following programs do you use to distinguish distribution costs depending on optional factors?
- A. Internal Transfer Price. Open (MFS001)
- B. Distribution Relation. Open (DPS001)
- C. Purchase/ Distribution Costing. Calculate (PCS280)
- D. Accounting Rule. Set (CRS395)
Answer: B
NEW QUESTION # 25
Which one of the following manages most of the integration between the financial system and other Infor M3 applications?
- A. Payment proposals
- B. Accounts Payable (AP) accounting table
- C. Exception rules
- D. Accounting rules
Answer: D
NEW QUESTION # 26
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 haven't activated Save file in Ad Hoc Report. Open (AHS010).
- B. You have not ended the path with a backslash.
- C. A record connected to your user is not set up in Output Media Selection. Open (MNS205).
- 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 # 27
Which one of the following occurs when a cost accounting error occurs?
- A. Transactions are stopped from being transferred to the general ledger
- B. General ledger balance file is generated
- C. Transaction error log is created in the system
- D. Transactions are transferred and flagged in the general ledger
Answer: A
NEW QUESTION # 28
Which three of the following Infor M3 modules and programs does the Accounts Payable module integrate with? (Choose three.)
- A. Purchase orders and purchase order processing
- B. Time accounting
- C. Budgeting
- D. Accounts receivable
- E. General ledger
Answer: A,D,E
NEW QUESTION # 29
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 1
- B. Bank account type 4
- C. Bank account type 3
- D. Bank account type 2
Answer: A
NEW QUESTION # 30
Which one of the following program screens do you use to check the three-way match process agrees to your supplier invoice?
- A. Supplier Invoice. Match GR Line (APS360)
- B. Purchase Order. Open (PPS200)
- C. Internal Account Entry. Open (CAS300)
- D. Purchase Order. Receive Goods (PPS300)
Answer: A
NEW QUESTION # 31
Which one of the following General Ledger Financial Accounting Management (FAM) functions do you use for account allocations and accounts distributions?
- A. Journal Voucher. Update Recurring (GLS175)
- B. Period Accounting. Update (GLS140)
- C. A/C Allocation. Update (GLS130)
- D. Unrealized Exchange Rate Variance. Update (GLS160)
Answer: C
NEW QUESTION # 32
You need to show all unpaid accounts receivable invoices, including credit invoices, per payer or customer and currency. Which one of the following statements should you create?
- A. Open Item Statement of Account
- B. Payment Advice Statement
- C. Balance Brought Forward Statement of Account
- D. Accounts Receivable Display Additional Information Statement
Answer: A
NEW QUESTION # 33
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 4
- C. Bank account type 1
- D. Bank account type 2
Answer: A
NEW QUESTION # 34
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.Connect Warehouse (MMS002)
- C. Purchase Agreement.Open (PPS100)
- D. Purchase Costing. Simulate (PPS295)
- E. Item. Open (MMS001)
Answer: A,C
NEW QUESTION # 35
Which one of the following is a reason that a cost account error may be generated?
- A. Item out of stock
- B. Transaction price missing due to missing inventory value of the item
- C. Deviation of demand forecast from actual demand
- D. System failed to synchronize
Answer: C
NEW QUESTION # 36
Which one of the following components determines which value-added tax (VAT) method and VAT rate to apply for a specific type of business transaction?
- A. VAT report from date
- B. VAT code
- C. VAT exceptions
- D. VAT values for FAM functions
Answer: B
NEW QUESTION # 37
Which one of the following processes updates the standard cost of an item?
- A. Getting acquired items into inventory
- B. Re-selling acquired items
- C. Calculating the cost of acquiring items
- D. Manufacturing items
Answer: C
NEW QUESTION # 38
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Facility
- B. Item. Company
- C. Item. Location
- D. Item. Warehouse
- E. Item. Open
Answer: A,C,D
NEW QUESTION # 39
Which one of the following activities is part of purchase costing?
- A. Getting acquired items into inventory
- B. Re-selling acquired items
- C. Calculating the cost of acquiring items
- D. Manufacturing items
Answer: C
NEW QUESTION # 40
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. System failed to synchronize
- D. Transaction price missing due to missing inventory value of the item
Answer: D
NEW QUESTION # 41
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Facility
- B. Item. Location
- C. Item. Company
- D. Item. Warehouse
- E. Item. Open
Answer: A,C,D
NEW QUESTION # 42
Which two of the following are benefits of Ad Hoc Reporting? (Choose two.)
- A. Ensures that Infor M3 users can view everything they want to see
- B. Integrates with Infor M3's auto jobs to enable reports to run and be delivered to users on an ad hoc basis
- C. Requires minimal training as the tool is built on all the existing standards that exist within Infor M3 and Infor Smart Office
- D. Reduces the cost of modifications to Infor M3 standard reports and extra customer-unique reports during and after implementation
Answer: B,D
NEW QUESTION # 43
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. Combine the entries into one entry in the general ledger.
- B. Identify them separately in the general ledger.
- C. Do not distinguish between internal entries and external entries.
- D. Identify them as external entries in the general ledger.
Answer: B
NEW QUESTION # 44
Which one of the following accounting events handles distribution between warehouses?
- A. MM20
- B. 0I20
- C. PC10
- D. MM50
Answer: A
NEW QUESTION # 45
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. Credit memo
- B. Accounting rule set
- C. Statement of Account
- D. Voucher
Answer: A
NEW QUESTION # 46
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