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M3-123 Exam Dumps - Infor Certified M3 Finance Consultant

Question # 4

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

A.

Bank account type 2

B.

Bank account type 3

C.

Bank account type 4

D.

Bank account type 1

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Question # 5

You need to add 10% of the net purchase price to the cost of the acquired item, which requires the following four steps:

1. Add the element to the costing model

2. Add a costing value

3. Add the costing model to the item

4. Create a costing element with operator 5

Which one of the following is the correct order in which those tasks should be performed?

A.

4, 2, 1, 3

B.

1, 2, 3, 4

C.

3, 1, 4, 2

D.

2, 3, 4, 1

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Question # 6

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?

A.

Settings - Purchasing (CRS780)

B.

Costing Element. Open (PPS280)

C.

Settings - Product Costing (PCS001)

D.

Item. Connect Facility (MMS003/F)

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Question # 7

You need to show all unpaid accounts receivable invoices, including credit invoices, per payer or customer and currency. Which one of the following statements should you create?

A.

Accounts Receivable Display Additional Information Statement

B.

Payment Advice Statement

C.

Balance Brought Forward Statement of Account

D.

Open Item Statement of Account

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Question # 8

Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)

A.

Currency error

B.

Rounding differences error

C.

Accounting string error

D.

Zero Price error correct

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Question # 9

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

A.

Journal Voucher. Enter (CAS100)

B.

Internal Account Entry. Create (CAS950)

C.

Internal Allocation. Calculate (CAS130)

D.

Internal Account Entry. Open (CAS300)

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Question # 10

Which one of the following describes what is created in Infor M3 to prepare a list of invoices that are due for payment?

A.

Cost account entry

B.

Payment proposal

C.

Journal voucher entry

D.

Invoice proposal

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