Infor M3-123 Exam Prep Guide: Prep guide for the M3-123 Exam
2023 New Preparation Guide of Infor M3-123 Exam
NEW QUESTION # 12
You need to retrieve the purchase price for purchase costing. Which two of the following programs should you use? (Choose two.)
- A. Item.Connect Warehouse (MMS002)
- B. Purchase Agreement.Open (PPS100)
- C. Supplier.Connect Item (PPS040)
- D. Purchase Costing. Simulate (PPS295)
- E. Item. Open (MMS001)
Answer: B,D
NEW QUESTION # 13
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 # 14
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. Internal Account Entry. Open (CAS300)
- C. Supplier Invoice. Match GR Line (APS360)
- D. Purchase Order. Open (PPS200)
Answer: C
NEW QUESTION # 15
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. FAM rule
- D. Exception rule
Answer: D
NEW QUESTION # 16
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Open
- B. Item. Location
- C. Item. Warehouse
- D. Item. Facility
- E. Item. Company
Answer: B,C,D
NEW QUESTION # 17
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 # 18
Which one of the following items describes what happens first when the account allocation proposal is approved in A/C Allocation. Update (GLS130)?
- A. The transactions that are created on all levels are totaled.
- B. The budget is updated.
- C. Account entries are created.
- D. Budget allocations are deleted.
Answer: C
NEW QUESTION # 19
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,B
NEW QUESTION # 20
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. CINACC
- C. OOLINE
- D. MITTRA
Answer: B
NEW QUESTION # 21
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: D
NEW QUESTION # 22
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. Define Purchase Financial (CRS624)
- B. Supplier. Connect Address (CRS622)
- C. Supplier. Connect Item (PPS040)
- D. Bank Account. Open (CRS692/B)
Answer: A
NEW QUESTION # 23
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. Exception rule
- C. FAM rule
- D. Customer group rule
Answer: D
NEW QUESTION # 24
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. System failed to synchronize
- C. Item out of stock
- D. Deviation of demand forecast from actual demand
Answer: D
NEW QUESTION # 25
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 # 26
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 1
- C. Bank account type 4
- D. Bank account type 2
Answer: A
NEW QUESTION # 27
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