Most Recent Infor M3-123 Exam Questions & Answers

Prepare for the Infor Certified M3 Finance Consultant exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Infor M3-123 exam and achieve success.

The questions for M3-123 were last updated on Dec 21, 2024.

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Question No. 1

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

AAccounting strings

BAccounting identity

CAccounting types

DAccounting events

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Correct Answer: C, D

Question No. 2

In some countries, the transactions from the cost accounting module are considered internal entries as opposed to external entries, which are typically generated from an actual document such as an invoice. Which one of the following options is what you need to do to the internal entries?

AIdentify them separately in the general ledger.

BIdentify them as external entries in the general ledger.

CCombine the entries into one entry in the general ledger.

DDo not distinguish between internal entries and external entries.

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Correct Answer: A

Question No. 3

You are creating a supplier bank account. Which one of the following types of bank account do you need to create that?

ABank account type 2

BBank account type 3

CBank account type 4

DBank account type 1

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Correct Answer: B

Question No. 4

Which two of the following are benefits of Ad Hoc Reporting? (Choose two.)

AReduces the cost of modifications to Infor M3 standard reports and extra customer-unique reports during and after implementation

BEnsures that Infor M3 users can view everything they want to see

CIntegrates with Infor M3's auto jobs to enable reports to run and be delivered to users on an ad hoc basis

DRequires minimal training as the tool is built on all the existing standards that exist within Infor M3 and Infor Smart Office

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Correct Answer: A, C

Question No. 5

Which two of the following items must be completed before you record the year-end profit or loss on General Ledger. Calculate Profit/Loss (GLS995/E)? (Choose two.)

AThe budget of the budget transactions to transfer must have the same year, period, budget number and budget version as the budget of the parent company.

BFAM function GL01 with at least one detail record is defined in FAM Function. Open (CRS405).

CAll transactions from the year to be updated are recorded.

DFAM function GL99 is defined in 'FAM Function. Open' (CRS405).

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Correct Answer: C, D

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