M3-123 Practice Exam Questions and Answers

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

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?

Which one of the following Financial Application Management (FAM) functions contains most of the workflow options for processing supplier invoices?

You need to retrieve the purchase price for purchase costing. Which two of the following programs should you use? (Choose two.)

You are configuring cost accounting on CAS900/E and are setting up 032 Split COGS into costing elements - purchased items. You want to have the total inventory cost post as one transaction using accounting type 971. Which one of the following options would you select?

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?

When Infor M3 updates the cost accounting system with financial transactions, it adds information to the database, which is moved to several user-defined accounting dimensions used for reporting and analyses. Which one of the following options represents the number of user-defined accounting dimensions that can be set in Infor M3?

You need to reset the indicator for transfer of the internal account entries if the costing transactions fail to transfer and update the general ledger. Which one of the following programs should you use?

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

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?