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

Demo: 10 questions
Total 73 questions
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Infor Certified M3 Finance Consultant Questions and Answers

Question 1

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

Options:

A.

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

B.

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

C.

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

D.

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

Question 2

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?

Options:

A.

Accounting Rule. Set (CRS395)

B.

Purchase/ Distribution Costing. Calculate (PCS280)

C.

Internal Transfer Price. Open (MFS001)

D.

Distribution Relation. Open (DPS001)

Question 3

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

Options:

A.

Supplier Invoice.Recode (APS110)

B.

Supplier Payment.Enter Manual (APS120)

C.

Supplier Invoice.Record (APS100)

D.

Supplier Payment Proposal.Open (APS130)

Question 4

Which one of the following describes the relationship of the Financial Application Management (FAM) functions with the Accounts Payable workflow?

Options:

A.

Permit only single detail records to be attached to the main record

B.

Entirely control the workflow

C.

Have nothing to do with the workflow

D.

Control some of the workflow

Question 5

Which one of the following programs do you typically use to select one costing model for purchase costing and one for distribution costing for each combination of item and facility?

Options:

A.

Settings - Purchasing (CRS780)

B.

Costing Element. Open (PPS280)

C.

Settings - Product Costing (PCS001)

D.

Item. Connect Facility (MMS003/F)

Question 6

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?

Options:

A.

Approve the invoice for payment

B.

Approve the invoice variance

C.

Split the invoice

D.

Reject the invoice for payment

Question 7

Which one of the following options are invoice number series defined by?

Options:

A.

Warehouse

B.

Fiscal year

C.

Calendar year

D.

Facility

Question 8

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

Options:

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

Question 9

You need to review the standard cost calculation of acquired items. Which one of the following should you use?

Options:

A.

CAS371 Average Cost. Display/Update History

B.

PCS300 Product Costing. Display

C.

PCS265 Actual Cost. Update/Display

D.

CAS310 Order Costing. Display

Question 10

Which three of the following options make up an accounting rule? (Choose three.)

Options:

A.

Accounting event

B.

Accounting invoice

C.

Accounting string

D.

Accounting type

E.

Accounting ledger

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Demo: 10 questions
Total 73 questions
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