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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

Question 1

Which two of the following accounting rule components are predefined in the M3 Business Engine? (Choose two.)

Options:

A.

Accounting strings

B.

Accounting identity

C.

Accounting types

D.

Accounting events

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Question 2

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.

Question 3

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