M3-123 Exam Training Practice Tests (Infor Certified M3 Finance Consultant)]

Question 1

Which one of the following manages most of the integration between the financial system and other Infor M3 applications?

A. Payment proposals B. Exception rules C. Accounts Payable (AP) accounting table D. Accounting rules

Correct Answer: D

Question 2

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

A. User-authorized B. Master C. Division-specific D. Employee

Correct Answer: D

Question 3

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

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

Correct Answer: B,C,E

Question 4

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.)

A. 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. B. FAM function GL99 is defined in 'FAM Function. Open' (CRS405). C. All transactions from the year to be updated are recorded. D. FAM function GL01 with at least one detail record is defined in FAM Function. Open (CRS405).

Correct Answer: B,C

Question 5

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. Release (CAS320) C. Order Costing Balance File. Display (CAS330) D. Order Costing. Display (CAS310)

Correct Answer: C

Question 6

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. Release (CAS320) C. Order Costing Balance File. Display (CAS330) D. Order Costing. Display (CAS310)

Correct Answer: C

Question 7

Which one of the following describes the relationship of the Financial Application Management (FAM) functions with the Accounts Payable workflow?

A. Entirely control the workflow B. Permit only single detail records to be attached to the main record C. Have nothing to do with the workflow D. Control some of the workflow

Correct Answer: C

Question 8

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. Purchase/ Distribution Costing. Calculate (PCS280) B. Distribution Relation. Open (DPS001) C. Accounting Rule. Set (CRS395) D. Internal Transfer Price. Open (MFS001)

Correct Answer: B

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