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M3-123 Exam Dumps : Infor Certified M3 Finance Consultant

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Infor Certified M3 Finance Consultant Questions and Answers

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Question 1

Which of the following describe account groups in Infor M3?

Options:

A.

Account group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.

B.

Account groups are defined at the division level but not the company level.

C.

Six levels of account groups exist.

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Question 2

Which one of the following programs do you use to define settings for cost accounting?

Options:

A.

Settings - Cost Accounting (CAS900)

B.

Order Costing. Release (CAS320)

C.

Internal Account Entry. Create (CAS950)

D.

Order Costing Balance File. Display (CAS330)

Question 3

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?

Options:

A.

Identify them separately in the general ledger.

B.

Identify them as external entries in the general ledger.

C.

Combine the entries into one entry in the general ledger.

D.

Do not distinguish between internal entries and external entries.

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