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

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

• Manufacturing items
• Getting acquired items into inventory
• Calculating the cost of acquiring items
• Re-selling acquired items

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

• Accounting strings
• Accounting identity
• Accounting types
• Accounting events

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

• Purchase Order. Receive Goods (PPS300)
• Purchase Order. Open (PPS200)
• Supplier Invoice. Match GR Line (APS360)
• Internal Account Entry. Open (CAS300)

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

• User-authorized
• Master
• Employee
• Division-specific

Which one of the following do you use to define the due date calculation for supplier invoices or customer invoices?

• Cash Discount Term. Open (CRS077)
• Payment Type. Open (CRS078)
• AR Payment Method. Open (CRS076)
• Payment Term. Open (CRS075)

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 programs is where you can examine and change incorrect transactions?

• Journal Voucher. Enter (CAS100)
• Internal Account Entry. Create (CAS950)
• Internal Allocation. Calculate (CAS130)
• Internal Account Entry. Open (CAS300)

Which one of the following options describes why you use distribution costing?

• To centralize manufacturing and move goods to the customer
• To calculate the company’s cost for moving goods internally between warehouses/facilities
• To move goods to a vendor
• To calculate the company’s cost for moving goods to the manufacturer

Which two of the following rules are primarily used for processing customer invoices and credit notes? (Choose two.)

• AR50
• AR20
• AR30
• AR10