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

• Question 1

  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?

  • Accounting Rule. Set (CRS395)
  • FAM Function. Open Details
  • AR Payment Method. Open (CRS076)
  • Credit Monitoring. Process (RMS420)
  • Settings - Accounts Payable (APS905)

  Show Answer Answer: E Next

• Question 2

  Which one of the following programs allows you to manually enter supplier invoices for payment?

  • Supplier Invoice.Record (APS100)
  • Supplier Invoice. Recode (APS110)
  • Supplier Payment Proposal.Open (APS130)
  • Supplier Invoice Batch.Open (APS450)

  Show Answer Answer: B Next

• Question 3

  Which three of the following options make up an accounting rule? (Choose three.)

  • Accounting event
  • Accounting invoice
  • Accounting string
  • Accounting type
  • Accounting ledger

  Show Answer Answer: A, ,D, ,E Next

• Question 4

  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)

  Show Answer Answer: C Next

• Question 5

  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.

  Show Answer Answer: A, ,C Next