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

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

• Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.
• Account groups are defined at the division level but not the company level.
• Each account group must be defined as included in the statement of account or the balance sheet.
• Six levels of account groups exist.

You need to reset the indicator for transfer of the internal account entries if the costing transactions fail to transfer and update the general ledger. Which one of the following programs should you use?

• Program Problem.Solve (CRS418)
• Internal Account Entry.Transfer to GL (CAS960)
• Internal Account Entry.Open (CAS300)
• Action Log.Open (CMS050)

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?

• Settings - Purchasing (CRS780)
• Costing Element. Open (PPS280)
• Settings - Product Costing (PCS001)
• Item. Connect Facility (MMS003/F)

You need to retrieve the purchase price for purchase costing. Which two of the following programs should you use? (Choose two.)

• Purchase Costing. Simulate (PPS295)
• Item. Open (MMS001)
• Item.Connect Warehouse (MMS002)
• Supplier.Connect Item (PPS040)
• Purchase Agreement.Open (PPS100)

You need to define transport cost from warehouse B to warehouse C, because it requires a different delivery method than used when transporting the same item from warehouse

• Which one of the following programs do you use to distinguish distribution costs depending on optional factors?
• Accounting Rule. Set (CRS395)
• Purchase/ Distribution Costing. Calculate (PCS280)
• Internal Transfer Price. Open (MFS001)
• Distribution Relation. Open (DPS001)

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

• Company. Open (MNS095)
• Settings - Accounts Receivable (ARS905)
• Account Group. Open (CRS633)
• Settings - General Ledger (CRS750)

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

• Each production warehouse separately in each division
• Each division included in MUC
• Only one local division
• Only the central (blank) division

Which one of the following manages most of the integration between the financial system and other Infor M3 applications?

• Payment proposals
• Exception rules
• Accounting rules
• Accounts Payable (AP) accounting table

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

• Automatic invoicing
• VAT proposal
• Invoice account entries
• Transfers to receivables and the general ledger

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

• CAS371 Average Cost. Display/Update History
• PCS300 Product Costing. Display
• PCS265 Actual Cost. Update/Display
• CAS310 Order Costing. Display