Free Infor M3-123 Demo Questions

Question #1 (Topic: Demo Questions)

Which two of the following situations create account entries for accounting rule PP10? (Choose two.)

A.

Goods are reported as received in Purchase Order. Receive Goods (PPS300)

B.

Supplier’s invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)

C.

Goods receipts are deleted in Purchase Order. Display Line Trans (PPS330)

D.

Goods are reported as received in Purchase Order. Put Away Goods (PPS320)

Correct Answer: B, D

Question #2 (Topic: Demo Questions)

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

A.

User-authorized

B.

Master

C.

Employee

D.

Division-specific

Correct Answer: C

Question #3 (Topic: Demo Questions)

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

A.

System failed to synchronize

B.

Item out of stock

C.

Transaction price missing due to missing inventory value of the item

D.

Deviation of demand forecast from actual demand

Correct Answer: C

Question #4 (Topic: Demo Questions)

Which one of the following programs do you use to register a supplier for Accounts Payable?

A.

Supplier Payment Proposal.Open (APS130)

B.

Supplier Item.Connect Manufacturer (PPS041)

C.

Supplier.Connect Items (PPS040)

D.

Supplier.Open (CRS620)

Correct Answer: D

Question #5 (Topic: Demo Questions)

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

A.

Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.

B.

Account groups are defined at the division level but not the company level.

C.

Each account group must be defined as included in the statement of account or the balance sheet.

D.

Six levels of account groups exist.

Infor Certified M3 Finance Consultant Exam M3-123 Exam Questions

Correct Answer: B, D

Correct Answer: C

Correct Answer: C

Correct Answer: D

Correct Answer: A, C