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Infor M3-123 - Infor Certified M3 Finance Consultant

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Total 73 questions

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?

A.

Program Problem.Solve (CRS418)

B.

Internal Account Entry.Transfer to GL (CAS960)

C.

Internal Account Entry.Open (CAS300)

D.

Action Log.Open (CMS050)

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

A.

To centralize manufacturing and move goods to the customer

B.

To calculate the company’s cost for moving goods internally between warehouses/facilities

C.

To move goods to a vendor

D.

To calculate the company’s cost for moving goods to the manufacturer

Which one of the following accounting events handles distribution between warehouses?

A.

MM50

B.

PC10

C.

MM20

D.

0I20

Which one of the following describes a payment type when there is no invoice to match against the payment?

A.

Cash

B.

Partial

C.

On-account

D.

Full

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)

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)

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?

A.

VAT code

B.

VAT exceptions

C.

VAT report from date

D.

VAT values for FAM functions

When Infor M3 updates the cost accounting system with financial transactions, it adds information to the database, which is moved to several user-defined accounting dimensions used for reporting and analyses. Which one of the following options represents the number of user-defined accounting dimensions that can be set in Infor M3?

A.

5

B.

7

C.

3

D.

10

You are matching a purchase order to a supplier invoice. There is a difference between the purchase order record and the amount of the invoice received from the supplier. Which one of the following tasks do you complete prior to recoding the invoice?

A.

Approve the invoice for payment

B.

Approve the invoice variance

C.

Split the invoice

D.

Reject the invoice for payment

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 A. Which one of the following programs do you use to distinguish distribution costs depending on optional factors?

A.

Accounting Rule. Set (CRS395)

B.

Purchase/ Distribution Costing. Calculate (PCS280)

C.

Internal Transfer Price. Open (MFS001)

D.

Distribution Relation. Open (DPS001)