Infor M3-123 Exam Questions

Question 6 of 72

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

Internal Account Entry. Transfer to GL (CAS960)

Order Costing. Display (CAS310)

Internal Account Entry. Create (CAS950)

Internal Account Entry. Open (CAS300)

Correct Answer: C

Question 7 of 72

Which one of the following is a reason that a cost account error may be generated?

System failed to synchronize

Item out of stock

Transaction price missing due to missing inventory value of the item

Deviation of demand forecast from actual demand

Correct Answer: D

Question 8 of 72

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

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

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

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

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

Correct Answer: A, C

Question 9 of 72

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)

Correct Answer: E

Question 10 of 72

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?

VAT code

VAT exceptions

VAT report from date

VAT values for FAM functions

Correct Answer: A