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M3-123 - Infor Certified M3 Finance Consultant

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M3-123 Questions and Answers

Question # 1

Which one of the following is created when an invoice is received in Infor M3 as a document record relating to a business transaction?




Accounting rule set


Statement of Account


Credit memo

Question # 2

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


Accounting strings


Accounting identity


Accounting types


Accounting events

Question # 3

Which two of the following describe account groups in Infor M3? (Choose two.)


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


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


Each account group must be defined as included in the statement of account or the balance sheet.


Six levels of account groups exist.

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