2023 Provide Updated Infor M3-123 Dumps as Practice Test and PDF
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Infor M3-123 is a certification exam offered by Infor, a global leader in enterprise software solutions. This exam is designed for individuals who want to become Infor Certified M3 Finance Consultants. The certification is a testament to the candidate's knowledge and expertise in the area of M3 Finance.
The Infor M3-123 certification exam is an industry-recognized credential that validates the skills and knowledge of finance professionals who use Infor M3. The certification exam covers a wide range of topics, including financial accounting, cost accounting, budgeting, and forecasting. Upon passing the exam, candidates will become Infor Certified M3 Finance Consultants, which will enhance their professional credibility and increase their value to their organization. The certification also demonstrates a commitment to ongoing learning and professional development, which is highly valued in the finance industry.
NEW QUESTION # 38
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. Bank Account. Open (CRS692/B)
- B. Supplier. Connect Item (PPS040)
- C. Supplier. Connect Address (CRS622)
- D. Supplier. Define Purchase Financial (CRS624)
Answer: D
NEW QUESTION # 39
Which one of the following programs allows you to manually enter supplier invoices for payment?
- A. Supplier Payment Proposal.Open (APS130)
- B. Supplier Invoice.Record (APS100)
- C. Supplier Invoice Batch.Open (APS450)
- D. Supplier Invoice. Recode (APS110)
Answer: D
NEW QUESTION # 40
Which one of the following manages most of the integration between the financial system and other Infor M3 applications?
- A. Accounts Payable (AP) accounting table
- B. Payment proposals
- C. Exception rules
- D. Accounting rules
Answer: D
NEW QUESTION # 41
You are matching a purchase order to a supplier invoice. There is a difference between the purchase order record and the amount of the invoice received from the supplier. Which one of the following tasks do you complete prior to recoding the invoice?
- A. Approve the invoice for payment
- B. Split the invoice
- C. Approve the invoice variance
- D. Reject the invoice for payment
Answer: C
NEW QUESTION # 42
Which two of the following programs need to be checked at Year End and updated? (Choose two.)
- A. MFS240
- B. CRS410
- C. MFS165
- D. CRS400
Answer: B,C
NEW QUESTION # 43
Which one of the following do you use to define the due date calculation for supplier invoices or customer invoices?
- A. AR Payment Method. Open (CRS076)
- B. Payment Term. Open (CRS075)
- C. Payment Type. Open (CRS078)
- D. Cash Discount Term. Open (CRS077)
Answer: B
NEW QUESTION # 44
Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?
- A. AP20
- B. AP50
- C. AP30
- D. AP10
Answer: A
NEW QUESTION # 45
Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)
- A. Item. Location
- B. Item. Open
- C. Item. Facility
- D. Item. Warehouse
- E. Item. Company
Answer: A,C,D
NEW QUESTION # 46
Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)
- A. Accounting events
- B. Accounting strings
- C. Accounting identity
- D. Accounting types
Answer: A,D
NEW QUESTION # 47
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. MITTRA
- B. OOLINE
- C. CINACC
- D. MITBAL
Answer: A
NEW QUESTION # 48
Which three of the following options make up an accounting rule? (Choose three.)
- A. Accounting event
- B. Accounting string
- C. Accounting ledger
- D. Accounting type
- E. Accounting invoice
Answer: A,C,D
NEW QUESTION # 49
Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?
- A. Journal voucher entry
- B. Invoice proposal
- C. Payment proposal
- D. Cost account entry
Answer: C
NEW QUESTION # 50
You want to regularly trigger an automatic check for invoice lines that are not completely matched and have their quantities automatically matched and approved. Which one of the following programs do you use to do this check?
- A. Supplier Invoice.Auto Match GL Line (APS375)
- B. Supplier Invoice.Recode (APS100)
- C. Supplier Invoice.Select Trans to Match (APS351)
- D. Supplier Invoice.Select to Match (APS350)
Answer: B
NEW QUESTION # 51
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. GL Balance File. Display (GLS215)
- B. Period. Open for Transaction Entry (GLS990)
- C. Transaction Work File. Restart Interrupted Jobs (GLS047)
- D. Transaction Work File. Print (GLS970)
- E. General Ledger. Display Transactions (GLS210)
Answer: C
NEW QUESTION # 52
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. Automatically close the invoice line
- B. Correct the incorrect account entries
- C. Pay the invoice
- D. Create a debit note
Answer: D
NEW QUESTION # 53
Which one of the following options describes why you use distribution costing?
- A. To calculate the company's cost for moving goods internally between warehouses/facilities
- B. To move goods to a vendor
- C. To calculate the company's cost for moving goods to the manufacturer
- D. To centralize manufacturing and move goods to the customer
Answer: A
NEW QUESTION # 54
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. All transactions from the year to be updated are recorded.
- B. FAM function GL99 is defined in 'FAM Function. Open' (CRS405).
- C. FAM function GL01 with at least one detail record is defined in FAM Function. Open (CRS405).
- D. 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.
Answer: A,B
NEW QUESTION # 55
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Earning certification as an Infor Certified M3 Finance Consultant is a valuable achievement for professionals in the field of enterprise software. It demonstrates a high level of proficiency and expertise in using Infor M3 to manage financial operations, which can help individuals advance their careers and increase their earning potential.
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