M3-123 Infor Certified M3 Finance Consultant Exam Dumps

1. In some countries, the transactions from the cost accounting module are considered internal entries as opposed to external entries, which are typically generated from an actual document such as an invoice.

Which one of the following options is what you need to do to the internal entries?

2. 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?

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

4. 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?

5. 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?

6. Which one of the following describes a payment type when there is no invoice to match against the payment?

7. Which one of the following Accounts Payable master files is common for all divisions related to a company and needs to be defined in Infor M3?

8. Report operations

Which one of the following is the correct order in which those tasks should be performed?

9. A customer calls a facility from a division to purchase a product. You create a customer order to manage the delivery to the customer from another warehouse belonging to a different division. The customer later receives an invoice from the facility that received the order, and the goods are sent from the warehouse belonging to the other division.

Which one of the following items represents the Infor M3 invoicing system that manages invoices between different divisions belonging to the same company?

10. You have defined a document location path in Ad Hoc Document Location. Open (AHS020/E), but no reports turn up at your set destination, neither at the root nor the dedicated user folder.

Which one of the following explains why?

11. Which one of the following occurs when a cost accounting error occurs?

12. Which one of the following options needs to be generated for at least the current year and the next two years and also needs to be generated as far back as the earliest period for which historical data will be entered?

13. Which one of the following General Ledger Financial Accounting Management (FAM) functions do you use for account allocations and accounts distributions?

14. You just ran the Internal Account Entry.Create (CAS950).

Which one of the following database files is an internal account entry that is created?

15. You need to retrieve the purchase price for purchase costing.

Which two of the following programs should you use? (Choose two.)

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

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

18. Which two of the following describe account groups in Infor M3? (Choose two.)

19. Which one of the following program screens do you use to check the three-way match process agrees to your supplier invoice?

20. Which one of the following programs allows you to recode, authorize, and approve invoices for payment?

21. You need to review the standard cost calculation of acquired items.

Which one of the following should you use?