Infor M3-123 Practice Exam Questions & Answers
7 Free Questions
· Last reviewed: October 9, 2026
· Prepared & Reviewed by the ValidExamDumps Editorial Team
Exam Facts
Infor M3-123 Exam Details
Key details for this exam, checked against the published exam outline
73
Practice Questions (Our Bank)
- Exam Code
- M3-123
- Full Name
- Infor Certified M3 Finance Consultant
- Issuing Body
- Infor Certification Program
- Question Format (Our Bank)
- Multiple Choice
- Delivery
- Online proctored or at a test centre
- Eligibility
- Recommended minimum of six months of Infor M3 experience
Practice Questions
Free M3-123 Practice Questions
Each question shows the correct answer and an explanation of why it is right
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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?
Correct Answer:
A
Explanation
Internal cost accounting entries need to be separately identified in the general ledger because they represent different transaction types than external entries generated from actual documents like invoices. In some countries, accounting standards require this distinction for proper financial reporting and audit trails. Keeping them separate allows organizations to track and reconcile internal allocations independently from supplier invoices and other external documents.
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?
Correct Answer:
A
Explanation
When setting up split COGS into costing elements for purchased items on CAS900/E, selecting 0 equals No split means the total inventory cost posts as a single transaction using accounting type 971. This option prevents the system from breaking down costs into multiple costing elements and instead consolidates everything into one posting. If you selected an option other than 0, the system would split the costs across different accounting types and elements.
Which one of the following programs is where you can examine and change incorrect transactions?
Correct Answer:
D
Explanation
CAS300 is the Internal Account Entry. Open program where you can view and modify transactions that were posted incorrectly. This program specifically handles internal entries generated by the cost accounting module. Other programs like supplier invoice or general ledger posting tools do not provide the specialized functionality needed to examine and correct cost accounting transactions within M3.
Which of the following describe account groups in Infor M3?
Correct Answer:
A
Explanation
Account group levels in Infor M3 define the sequence in which accounts appear on financial statements like income statements and balance sheets. The level assignments control the hierarchical ordering and presentation of accounts when generating these reports. This is a configuration setting that affects how financial information is displayed to users and stakeholders reviewing the organization's financial position.
Which one of the following programs allows you to manually enter supplier invoices for payment?
Correct Answer:
B
Explanation
APS110 is the Supplier Invoice. Recode program and it provides the functionality to manually enter supplier invoices into the system for payment processing. This is a core Accounts Payable task that allows organizations to record vendor invoices that arrive outside normal automated channels. Other AP programs handle different functions like payments, reconciliation, or master file maintenance rather than manual invoice entry.
Which one of the following Accounts Payable master files is common for all divisions related to a company and needs to be defined in Infor M3?
Correct Answer:
A
Explanation
The Supplier master file is shared across all divisions within a company in Infor M3. It must be defined at the company level rather than the division level because suppliers are typically common resources. This centralized approach ensures consistency in supplier information and payment terms across the entire organization while other master files like customer or location records may vary by division.
Which one of the following activities is part of purchase costing?
Correct Answer:
A
Explanation
Purchase costing involves calculating the acquisition cost of items purchased from suppliers. This includes the base purchase price plus additional costs like freight, duties, and handling charges that are part of getting the item into inventory. Other related activities like inventory valuation or cost allocation are separate components of cost accounting rather than purchase costing specifically.
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Domain 1: Processing
7%
Assesses foundational data and setup necessary for executing core financial processes in Infor M3. Focuses on integrating financial management and control to ensure streamlined and efficient financial operations.
Sample questions from this domain above:
Q1Q3Q5
Domain 2: Reporting
3%
Evaluates proficiency with Infor M3 Ad Hoc Reporting. Tests ability to create custom reports from standard and customized Infor M3 tables to enable tailored insights and data analysis for financial decision-making.
Domain 3: Setup & Configuration
46%
Tests skills in configuring financial aspects including cost accounting, distribution and purchase costing, and accounting. Covers key design considerations, basic process flow, configuration of order costing, exception rules, payment proposals, Multi-Unit Coordination, General Ledger, and Financial Application Management functions.
Sample questions from this domain above:
Q2Q4Q6Q7
Domain 4: Using
44%
Measures ability to perform financial tasks such as analyzing and correcting costs, calculating distribution and purchase costs, and correcting cost accounting errors. Covers allocations, AP manual invoice processing, customer order invoicing, recoding supplier invoices, error handling, and VAT reporting.
FAQ
M3-123 Exam FAQ
Common questions about the exam itself
What experience do I need before taking the M3-123 exam?
Infor recommends a minimum of six months of hands-on experience with the Infor M3 system, particularly with its financial modules. This allows you to understand the practical application of the concepts tested.
Which objective area is hardest for M3-123 candidates and how should I prepare?
Setup and Configuration makes up 46% of the exam and tests your ability to configure cost accounting, distribution and purchase costing, and General Ledger settings. Build this knowledge by working through actual M3 configuration scenarios and understanding how different settings affect financial workflows.
What is the M3-123 exam format?
The exam uses multiple choice questions delivered online. You can sit the exam remotely with online proctoring or at a testing centre, whichever suits your schedule.
How long does preparation for M3-123 typically take?
Most candidates with basic M3 knowledge spend 8 to 12 weeks preparing, combining hands-on practice in the financial modules with review of the exam guide objectives. Your timeline depends on your current M3 experience and how much daily study time you can commit.
What does the Using domain cover in M3-123?
The Using domain, weighted at 44%, tests your practical ability to perform financial operations like cost calculation, invoice processing, and VAT reporting. This covers both routine transactions and error correction in real M3 environments.
What happens if I fail the M3-123 exam?
You can retake the exam after a waiting period set by Infor. You must acknowledge the Certification Candidate Agreement each time you attempt an exam, and you pay the exam fee for each attempt.
Does the Infor Certified M3 Finance Consultant certification expire?
Infor does not publicly specify an expiration period for this certification. Check directly with Infor Education or your certification portal for current validity terms and any renewal requirements.
What job role does the M3-123 certification support?
This certification validates skills for finance consultants, financial analysts, and professionals who implement and manage financial operations in Infor M3. It demonstrates intermediate proficiency in configuring and operating the M3 financial modules.
How does M3-123 relate to other Infor M3 certifications?
The M3 Finance Consultant certification is one of several specialist certifications under the Infor Certification Program. It focuses exclusively on financial modules, whereas other M3 certifications cover sales management, logistics, integration, or general administration.
