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Questions # 1:

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

Options:

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

Questions # 2:

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?

Options:

A.

VAT code

B.

VAT exceptions

C.

VAT report from date

D.

VAT values for FAM functions

Questions # 3:

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

Options:

A.

Accounting strings

B.

Accounting identity

C.

Accounting types

D.

Accounting events

Questions # 4:

When configuring the supplier master Supplier. Open (CRS620) in Infor M3, another table setup is mandatory. Which one of the following table setups is required?

Options:

A.

Supplier. Connect Item (PPS040)

B.

Supplier. Connect Address (CRS622)

C.

Bank Account. Open (CRS692/B)

D.

Supplier. Define Purchase Financial (CRS624)

Questions # 5:

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?

Options:

A.

Accounting Identity. Open (CRS630)

B.

System Calendar. Open (CRS900)

C.

Period Accounting. Update (GLS140)

D.

Fiscal Year. Periods (GLS986/B)

Questions # 6:

Which one of the following describes the general accounts receivable setup program?

Options:

A.

Company. Open (MNS095)

B.

Settings - Accounts Receivable (ARS905)

C.

Account Group. Open (CRS633)

D.

Settings - General Ledger (CRS750)

Questions # 7:

Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?

Options:

A.

Cost account entry

B.

Payment proposal

C.

Journal voucher entry

D.

Invoice proposal

Questions # 8:

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

Options:

A.

Currency error

B.

Rounding differences error

C.

Accounting string error

D.

Zero Price error correct

Questions # 9:

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

Options:

A.

Purchase Order. Receive Goods (PPS300)

B.

Purchase Order. Open (PPS200)

C.

Supplier Invoice. Match GR Line (APS360)

D.

Internal Account Entry. Open (CAS300)

Questions # 10:

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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