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M3-123 Infor Certified M3 Finance Consultant Free Practice Exam Questions (2025 Updated)

Prepare effectively for your Infor M3-123 Infor Certified M3 Finance Consultant certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

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Total 73 questions

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.

Purpose is to group identities for display and printout purposes

C.

Hierarchical model corresponding to an organization’s structure

D.

Group of accounting identities or other accounting structures

E.

Sub-structures containing many accounting identities cannot easily be moved to new accounting structures

Which one of the following programs allows you to manually enter supplier invoices for payment?

A.

Supplier Invoice.Record (APS100)

B.

Supplier Invoice. Recode (APS110)

C.

Supplier Payment Proposal.Open (APS130)

D.

Supplier Invoice Batch.Open (APS450)

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 report from date

D.

VAT values for FAM functions

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

A.

Supplier Invoice.Recode (APS110)

B.

Supplier Payment.Enter Manual (APS120)

C.

Supplier Invoice.Record (APS100)

D.

Supplier Payment Proposal.Open (APS130)

Which one of the following programs must be run to generate cost accounting entries?

A.

Internal Account Entry. Transfer to GL (CAS960)

B.

Order Costing. Display (CAS310)

C.

Internal Account Entry. Create (CAS950)

D.

Internal Account Entry. Open (CAS300)

You want to create account entries for goods receipt when exiting Purchase Order. Receive Goods (PPS300) so that general ledger is updated. Which one of the following Create Account Entries at Goods Receipt field alternatives must you select on CAS900 so this happens?

A.

2

B.

1

C.

3

D.

4

Which one of the following programs is where you can examine and change incorrect transactions?

A.

Journal Voucher. Enter (CAS100)

B.

Internal Account Entry. Create (CAS950)

C.

Internal Allocation. Calculate (CAS130)

D.

Internal Account Entry. Open (CAS300)

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.Select Trans to Match (APS351)

C.

Supplier Invoice.Recode (APS100)

D.

Supplier Invoice.Select to Match (APS350)

Which one of the following items describes what happens first when the account allocation proposal is approved in A/C Allocation. Update (GLS130)?

A.

Account entries are created.

B.

The budget is updated.

C.

Budget allocations are deleted.

D.

The transactions that are created on all levels are totaled.

Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)

A.

Currency error

B.

Rounding differences error

C.

Accounting string error

D.

Zero Price error correct

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 4

D.

Bank account type 1

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)

You need to review the standard cost calculation of acquired items. Which one of the following should you use?

A.

CAS371 Average Cost. Display/Update History

B.

PCS300 Product Costing. Display

C.

PCS265 Actual Cost. Update/Display

D.

CAS310 Order Costing. Display

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?

A.

You have not ended the path with a backslash.

B.

The out service, for example StreamServe®, is not set up correctly.

C.

A record connected to your user is not set up in Output Media Selection. Open (MNS205).

D.

You haven’t activated Save file in Ad Hoc Report. Open (AHS010).

E.

You have selected the wrong Doc location method.

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?

A.

Identify them separately in the general ledger.

B.

Identify them as external entries in the general ledger.

C.

Combine the entries into one entry in the general ledger.

D.

Do not distinguish between internal entries and external entries.

Which one of the following options are invoice number series defined by?

A.

Warehouse

B.

Fiscal year

C.

Calendar year

D.

Facility

Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)

A.

Accounting strings

B.

Accounting identity

C.

Accounting types

D.

Accounting events

Which two of the following programs need to be checked at Year End and updated? (Choose two.)

A.

MFS240

B.

MFS165

C.

CRS400

D.

CRS410

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.

Costing Element. Open (PPS280)

C.

Settings - Product Costing (PCS001)

D.

Item. Connect Facility (MMS003/F)

Which one of the following processes updates the standard cost of an item?

A.

Manufacturing items

B.

Getting acquired items into inventory

C.

Calculating the cost of acquiring items

D.

Re-selling acquired items

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Total 73 questions
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