Infor M3-123 Exam Practice Test Instant Access

Question 1

You just ran the Internal Account Entry.Create (CAS950). Which one of the following database files is an internal account entry that is created?

AOOLINE

BCINACC

CMITTRA

DMITBAL

Answer : B

Question 2

Which one of the following programs allows you to recode, authorize, and approve invoices for payment?

ASupplier Invoice.Recode (APS110)

BSupplier Payment.Enter Manual (APS120)

CSupplier Invoice.Record (APS100)

DSupplier Payment Proposal.Open (APS130)

Answer : A

Question 3

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

AEach production warehouse separately in each division

BEach division included in MUC

COnly one local division

DOnly the central (blank) division

Answer : B

Question 4

Which one of the following programs is where you can examine and change incorrect transactions?

AJournal Voucher. Enter (CAS100)

BInternal Account Entry. Create (CAS950)

CInternal Allocation. Calculate (CAS130)

DInternal Account Entry. Open (CAS300)

Answer : D

Question 5

Which three of the following describe accounting structures? (Choose three.)

AOnly important when the identities you want to group together are sequentially numbered

BPurpose is to group identities for display and printout purposes

CHierarchical model corresponding to an organization's structure

DGroup of accounting identities or other accounting structures

ESub-structures containing many accounting identities cannot easily be moved to new accounting structures

Answer : C, D, E

Question 6

Which two of the following items can be updated when post-processing invoices? (Choose two.)

AAutomatic invoicing

BVAT proposal

CInvoice account entries

DTransfers to receivables and the general ledger

Answer : B, D

Question 7

Which one of the following items describes what happens first when the account allocation proposal is approved in A/C Allocation. Update (GLS130)?

AAccount entries are created.

BThe budget is updated.

CBudget allocations are deleted.

DThe transactions that are created on all levels are totaled.

Answer : A

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