M3-123 by Infor Actual Free Exam Q&As

Question 1

Which one of the following programs do you typically use to select one costing model for purchase costing and one for distribution costing for each combination of item and facility?

A. Item. Connect Facility (MMS003/F) B. Costing Element. Open (PPS280) C. Settings - Product Costing (PCS001) D. Settings - Purchasing (CRS780)

Discussion 0

Correct Answer: C Vote an answer

Question 2

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 2 B. Bank account type 3 C. Bank account type 1 D. Bank account type 4

Discussion 0

Correct Answer: B Vote an answer

Question 3

You need to reset the indicator for transfer of the internal account entries if the costing transactions fail to transfer and update the general ledger. Which one of the following programs should you use?

A. Internal Account Entry.Open (CAS300) B. Internal Account Entry.Transfer to GL (CAS960) C. Action Log.Open (CMS050) D. Program Problem.Solve (CRS418)

Discussion 0

Correct Answer: B Vote an answer

Question 4

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

Discussion 0

Correct Answer: A,D Vote an answer

Question 5

Which one of the following is a reason that a cost account error may be generated?

A. System failed to synchronize B. Item out of stock C. Deviation of demand forecast from actual demand D. Transaction price missing due to missing inventory value of the item

Discussion 0

Correct Answer: D Vote an answer

Question 6

Which three of the following describe accounting structures? (Choose three.)

A. Group of accounting identities or other accounting structures B. Hierarchical model corresponding to an organization's structure C. Only important when the identities you want to group together are sequentially numbered D. Sub-structures containing many accounting identities cannot easily be moved to new accounting structures E. Purpose is to group identities for display and printout purposes

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 7

You want to enter an invoice as Invoiced/Goods Not Received when the invoice is matched to a PO in Supplier Invoice. Record (APS100). Which one of the following master supplier fields indicates whether it is possible to do that?

A. Inv approv cond (Invoice approval condition) 3 B. Inv approv cond (Invoice approval condition 2) C. Inv approv cond (Invoice approval condition 1) D. Auto inv approve (Automatic invoice approval code)

Discussion 0

Correct Answer: A Vote an answer

Question 8

Which two of the following situations create account entries for accounting rule PP10? (Choose two.)

A. Goods are reported as received in Purchase Order. Put Away Goods (PPS320) B. Goods are reported as received in Purchase Order. Receive Goods (PPS300) C. Supplier's invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360) D. Goods receipts are deleted in Purchase Order. Display Line Trans (PPS330)

Discussion 0

Correct Answer: A,C Vote an answer

Infor Certified M3 Finance Consultant - M3-123 Exam Practice Test