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  • Exam Name: Infor Certified M3 Finance Consultant
  • Last Update: Sep 12, 2025
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M3-123 Practice Exam Questions with Answers Infor Certified M3 Finance Consultant Certification

Question # 6

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

A.

Payment proposals

B.

Exception rules

C.

Accounting rules

D.

Accounts Payable (AP) accounting table

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Question # 7

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?

A.

Supplier. Connect Item (PPS040)

B.

Supplier. Connect Address (CRS622)

C.

Bank Account. Open (CRS692/B)

D.

Supplier. Define Purchase Financial (CRS624)

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Question # 8

Which three of the following describe accounting structures? (Choose three.)

A.

Only important when the identities you want to group together are sequentially numbered

B.

Purpose is to group identities for display and printout purposes

C.

Hierarchical model corresponding to an organization’s structure

D.

Group of accounting identities or other accounting structures

E.

Sub-structures containing many accounting identities cannot easily be moved to new accounting structures

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Question # 9

Which two of the following situations create account entries for accounting rule PP10? (Choose two.)

A.

Goods are reported as received in Purchase Order. Receive Goods (PPS300)

B.

Supplier’s invoice is matched to one or more purchase order lines in Supplier Invoice. Match GR Line (APS360)

C.

Goods receipts are deleted in Purchase Order. Display Line Trans (PPS330)

D.

Goods are reported as received in Purchase Order. Put Away Goods (PPS320)

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Question # 10

Which one of the following programs is where you can examine and change incorrect transactions?

A.

Journal Voucher. Enter (CAS100)

B.

Internal Account Entry. Create (CAS950)

C.

Internal Allocation. Calculate (CAS130)

D.

Internal Account Entry. Open (CAS300)

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Question # 11

Which one of the following programs do you always start with first before proceeding to Transaction Work File. Restart Erroneous Jobs (GLS037) with a restarted job that appears as erroneous?

A.

GL Balance File. Display (GLS215)

B.

Transaction Work File. Print (GLS970)

C.

Transaction Work File. Restart Interrupted Jobs (GLS047)

D.

General Ledger. Display Transactions (GLS210)

E.

Period. Open for Transaction Entry (GLS990)

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Question # 12

Which one of the following General Ledger Financial Accounting Management (FAM) functions do you use for account allocations and accounts distributions?

A.

Journal Voucher. Update Recurring (GLS175)

B.

Unrealized Exchange Rate Variance. Update (GLS160)

C.

Period Accounting. Update (GLS140)

D.

A/C Allocation. Update (GLS130)

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Question # 13

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

A.

Currency error

B.

Rounding differences error

C.

Accounting string error

D.

Zero Price error correct

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Question # 14

Which one of the following occurs when a cost accounting error occurs?

A.

Transactions are stopped from being transferred to the general ledger

B.

Transaction error log is created in the system

C.

Transactions are transferred and flagged in the general ledger

D.

General ledger balance file is generated

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Question # 15

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?

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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Question # 16

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

A.

Purchase Costing. Simulate (PPS295)

B.

Item. Open (MMS001)

C.

Item.Connect Warehouse (MMS002)

D.

Supplier.Connect Item (PPS040)

E.

Purchase Agreement.Open (PPS100)

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Question # 17

Which one of the following programs allows you to recode, authorize, and approve invoices for payment?

A.

Supplier Invoice.Recode (APS110)

B.

Supplier Payment.Enter Manual (APS120)

C.

Supplier Invoice.Record (APS100)

D.

Supplier Payment Proposal.Open (APS130)

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Question # 18

You need to add 10% of the net purchase price to the cost of the acquired item, which requires the following four steps:

1. Add the element to the costing model

2. Add a costing value

3. Add the costing model to the item

4. Create a costing element with operator 5

Which one of the following is the correct order in which those tasks should be performed?

A.

4, 2, 1, 3

B.

1, 2, 3, 4

C.

3, 1, 4, 2

D.

2, 3, 4, 1

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Question # 19

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

A.

Automatic invoicing

B.

VAT proposal

C.

Invoice account entries

D.

Transfers to receivables and the general ledger

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Question # 20

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

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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Question # 21

A customer calls a facility from a division to purchase a product. You create a customer order to manage the delivery to the customer from another warehouse belonging to a different division. The customer later receives an invoice from the facility that received the order, and the goods are sent from the warehouse belonging to the other division. Which one of the following items represents the Infor M3 invoicing system that manages invoices between different divisions belonging to the same company?

A.

Consolidation

B.

Cost accounting

C.

Multi-unit coordination (MUC)

D.

Business Performance Warehouse

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