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Infor M3-123 - Infor Certified M3 Finance Consultant

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Total 73 questions

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

Which three of the following functions relating to the Infor M3 hierarchy are responsible for managing item establishment? (Choose three.)

A.

Item. Company

B.

Item. Warehouse

C.

Item. Facility

D.

Item. Location

E.

Item. Open

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

A.

Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.

B.

Account groups are defined at the division level but not the company level.

C.

Each account group must be defined as included in the statement of account or the balance sheet.

D.

Six levels of account groups exist.

Which one of the following settings sorts and filters different database views allowing you to review the numbers posted to one or several accounting dimensions when updating the general ledger?

A.

Sorting ID

B.

FAM function

C.

Balance key

D.

Costing model

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

A.

Company. Open (MNS095)

B.

Settings - Accounts Receivable (ARS905)

C.

Account Group. Open (CRS633)

D.

Settings - General Ledger (CRS750)

Which one of the following programs do you use to process a Manual AP Invoice?

A.

APS110

B.

APS100

C.

APS120

D.

APS450

Which of the following describe account groups in Infor M3?

A.

Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.

B.

Account groups are defined at the division level but not the company level.

C.

Six levels of account groups exist.

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

A.

Each production warehouse separately in each division

B.

Each division included in MUC

C.

Only one local division

D.

Only the central (blank) division

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

You want to create account entries for goods receipt when exiting Purchase Order. Receive Goods (PPS300) so that general ledger is updated. Which one of the following Create Account Entries at Goods Receipt field alternatives must you select on CAS900 so this happens?

A.

2

B.

1

C.

3

D.

4