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NEW QUESTION # 18
Which one of the following processes updates the standard cost of an item?
- A. Re-selling acquired items
- B. Manufacturing items
- C. Getting acquired items into inventory
- D. Calculating the cost of acquiring items
Answer: D
NEW QUESTION # 19
You need to view the cost of individual manufacturing orders. Which one of the following programs should you use?
- A. Order Costing. Display (CAS310)
- B. Order Costing. Release (CAS320)
- C. Order Costing Balance File. Display (CAS330)
- D. Internal Account Entry. Create (CAS950)
Answer: C
NEW QUESTION # 20
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. Settings - Purchasing (CRS780)
- B. Settings - Product Costing (PCS001)
- C. Item. Connect Facility (MMS003/F)
- D. Costing Element. Open (PPS280)
Answer: B
NEW QUESTION # 21
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. Accounting rule set
- B. Statement of Account
- C. Credit memo
- D. Voucher
Answer: C
NEW QUESTION # 22
Which one of the following describes the general accounts receivable setup program?
- A. Company. Open (MNS095)
- B. Settings - Accounts Receivable (ARS905)
- C. Account Group. Open (CRS633)
- D. Settings - General Ledger (CRS750)
Answer: B
NEW QUESTION # 23
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 # 24
Which one of the following programs do you use to define settings for cost accounting?
- A. Settings - Cost Accounting (CAS900)
- B. Order Costing Balance File. Display (CAS330)
- C. Order Costing. Release (CAS320)
- D. Internal Account Entry. Create (CAS950)
Answer: A
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
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. Accounts receivable
- C. Budgeting
- D. General ledger
- E. Time accounting
Answer: A,B,D
NEW QUESTION # 27
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)
Answer: B
NEW QUESTION # 28
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
- A. Currency error
- B. Accounting string error
- C. Rounding differences error
- D. Zero Price error correct
Answer: B,C
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 4
- B. Bank account type 1
- C. Bank account type 3
- D. Bank account type 2
Answer: C
NEW QUESTION # 30
Which one of the following settings sorts and filters different database views allowing you to review the numbers posted to one or several accounting dimensions when updating the general ledger?
- A. Sorting ID
- B. FAM function
- C. Costing model
- D. Balance key
Answer: D
NEW QUESTION # 31
You are configuring the M3 structure so it can handle more than one legal unit in the best possible way. Which one of the following enables you to define users that have access to all divisions (central users) or users whose access is limited to one division (local users)?
- A. Group Consolidation
- B. Fixed Assets
- C. Multiple Unit Coordination (MUC)
- D. Accounts Receivable
Answer: C
NEW QUESTION # 32
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 code
- B. VAT exceptions
- C. VAT values for FAM functions
- D. VAT report from date
Answer: A
NEW QUESTION # 33
Which one of the following do you use to define the due date calculation for supplier invoices or customer invoices?
- A. Payment Term. Open (CRS075)
- B. Payment Type. Open (CRS078)
- C. AR Payment Method. Open (CRS076)
- D. Cash Discount Term. Open (CRS077)
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. Item.Connect Warehouse (MMS002)
- B. Item. Open (MMS001)
- C. Purchase Agreement.Open (PPS100)
- D. Purchase Costing. Simulate (PPS295)
- E. Supplier.Connect Item (PPS040)
Answer: C,E
NEW QUESTION # 35
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. FAM rule
- C. Exception rule
- D. Override rule
Answer: C
NEW QUESTION # 36
The manufacturing order processing flow includes the following four tasks:
1. Production receipt
2. Issue material to manufacturing order
3. Create manufacturing order
4. Report operations
Which one of the following is the correct order in which those tasks should be performed?
- A. 1, 2, 3, 4
- B. 3, 2, 4, 1
- C. 4, 3, 2, 1
- D. 2, 3, 1, 4
Answer: A
NEW QUESTION # 37
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To be eligible for the Infor M3-123 exam, candidates must have a minimum of two years of experience working with Infor M3 Finance. They must also complete a training course offered by Infor or one of its authorized training partners. M3-123 exam consists of multiple-choice questions, and candidates have three hours to complete it.
Infor M3-123 exam consists of multiple-choice questions and is delivered online. M3-123 exam covers a range of topics, including the Infor M3 Finance module's configuration, setup, and maintenance. Candidates must also demonstrate their knowledge of general accounting principles and practices, financial reporting, and taxation. M3-123 exam is designed to be challenging, and candidates are required to achieve a passing score to receive the certification.
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