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Infor M3-123 Infor Certified M3 Finance Consultant Exam Practice Test

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Total 73 questions

Infor Certified M3 Finance Consultant Questions and Answers

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Question 1

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)

Question 2

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

Options:

A.

Supplier Payment Proposal.Open (APS130)

B.

Supplier Item.Connect Manufacturer (PPS041)

C.

Supplier.Connect Items (PPS040)

D.

Supplier.Open (CRS620)

Question 3

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?

Options:

A.

Supplier

B.

Bank

C.

Number series

D.

User

Question 4

You are configuring the M3 structure so it can handle more than one legal unit in the best possible way. Which one of the following enables you to define users that have access to all divisions (central users) or users whose access is limited to one division (local users)?

Options:

A.

Multiple Unit Coordination (MUC)

B.

Group Consolidation

C.

Fixed Assets

D.

Accounts Receivable

Question 5

Which one of the following is created when an invoice is received in Infor M3 as a document record relating to a business transaction?

Options:

A.

Voucher

B.

Accounting rule set

C.

Statement of Account

D.

Credit memo

Question 6

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

Question 7

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

Question 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

Question 9

Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?

Options:

A.

AP30

B.

AP50

C.

AP10

D.

AP20

Question 10

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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Total 73 questions