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M3-123 Infor Certified M3 Finance Consultant Questions and Answers

Questions 4

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

Options:

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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Questions 5

You need to create the rules for managing accounts payable at the division level and to have an automated workflow for authorizing, recoding, and approving supplier invoices for payment. Which one of the following programs would you use?

Options:

A.

Accounting Rule. Set (CRS395)

B.

FAM Function. Open Details

C.

AR Payment Method. Open (CRS076)

D.

Credit Monitoring. Process (RMS420)

E.

Settings - Accounts Payable (APS905)

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Questions 6

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?

Options:

A.

4, 3, 2, 1

B.

2, 3, 1, 4

C.

1, 2, 3, 4

D.

3, 2, 4, 1

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Questions 7

When Infor M3 updates the cost accounting system with financial transactions, it adds information to the database, which is moved to several user-defined accounting dimensions used for reporting and analyses. Which one of the following options represents the number of user-defined accounting dimensions that can be set in Infor M3?

Options:

A.

5

B.

7

C.

3

D.

10

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Questions 8

Which two of the following items can be updated when post-processing invoices? (Choose two.)

Options:

A.

Automatic invoicing

B.

VAT proposal

C.

Invoice account entries

D.

Transfers to receivables and the general ledger

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Questions 9

You are configuring multi unit coordination (MUC) and defining the invoice number series. Which one of the following needs invoice number series definition?

Options:

A.

Each production warehouse separately in each division

B.

Each division included in MUC

C.

Only one local division

D.

Only the central (blank) division

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Questions 10

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

Options:

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)

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Exam Code: M3-123
Exam Name: Infor Certified M3 Finance Consultant
Last Update: Apr 18, 2024
Questions: 73

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