Infor Exam M3-123 Topic 1 Question 21 Discussion

Actual exam question for Infor's M3-123 exam

Question #: 21
Topic #: 1

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

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

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

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

DSix levels of account groups exist.

Show Suggested Answer

Suggested Answer: B

by Helene at Mar 10, 2024, 09:55 AM

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Tayna

Definitely going with A and C. The other options just seem a bit off. Though I do wonder if the exam writers were trying to slip in a trick question with that 'six levels' bit. Gotta stay on my toes!

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Roselle

2 days ago

Haha, I love how they always try to trick us with these questions. 'Account groups are defined at the division level but not the company level' - what a weird option!

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Roslyn

10 days ago

I'm not sure about B and D. I think they are not relevant to account groups in Infor M3.

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Maurine

12 days ago

I agree with Chauncey. Account group levels determine the order and each account group must be defined in the statement.

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Hobert

14 days ago

I'm confused about the number of levels, though. I thought there were more than six, but I could be wrong. Guess I'll have to double-check that one.

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Bettyann

15 days ago

I'm pretty sure the answer is A and C. Account groups determine the order of accounts on financial statements, and they need to be defined for inclusion in those statements.

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Gerald

2 days ago

I think you're right, A and C make sense.

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Chauncey

16 days ago

I think A and C are the correct options.

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