Infor Exam M3-123 Topic 3 Question 33 Discussion

Actual exam question for Infor's M3-123 exam

Question #: 33
Topic #: 3

Which of the following describe account groups in Infor M3?

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.

CSix levels of account groups exist.

Show Suggested Answer

Suggested Answer: A

by Lavonna at Aug 02, 2024, 10:26 AM

Limited Time Offer

25%

Off

Get Premium M3-123 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lajuana

3 months ago

I agree with Kimberely, B seems like the right answer based on the information provided.

upvoted 0 times

...

Kimberely

3 months ago

But account groups are defined at the division level, so maybe B is correct.

upvoted 0 times

...

Ira

3 months ago

I disagree, I believe the answer is C.

upvoted 0 times

...

Kimberely

3 months ago

I think the answer is A.

upvoted 0 times

...

Mable

3 months ago

I agree with Shawna, A seems like the correct answer.

upvoted 0 times

...

Shawna

3 months ago

But A makes sense because account group levels determine the order of accounts.

upvoted 0 times

...

Sena

4 months ago

Haha, I bet the correct answer is hidden somewhere in the Infor M3 user manual. Good luck finding it!

upvoted 0 times

Lyda

2 months ago

I guess we'll have to dig through the user manual to find the correct answer.

upvoted 0 times

...

Carlee

2 months ago

Yeah, I think there are six levels of account groups in Infor M3.

upvoted 0 times

...

Rolf

3 months ago

I heard that account group levels determine the order of accounts on financial statements.

upvoted 0 times

...

Han

4 months ago

This is a tricky one. I'm leaning towards B, since it mentions the division level, but I could be wrong.

upvoted 0 times

...

Louisa

4 months ago

Option A seems plausible, but I'm not sure if it's the full story. I'll need to do some more research on how account groups work in M3.

upvoted 0 times

Jacki

3 months ago

I believe account groups are defined at the division level, not the company level.

upvoted 0 times

...

Jesusita

4 months ago

I think option A is correct, but it's always good to double check.

upvoted 0 times

...

Mi

4 months ago

I disagree, I believe it's C.

upvoted 0 times

...

Kelvin

4 months ago

I think option C is correct. It makes sense that there are multiple levels of account groups in M3.

upvoted 0 times

Desmond

3 months ago

It's true that account groups are defined at the division level, which can help with managing different parts of a company's finances separately.

upvoted 0 times

...

An

3 months ago

I think option A is also important because the order of accounts within a group can impact the overall financial statements.

upvoted 0 times

...

Cordie

4 months ago

I agree, having six levels of account groups would provide a lot of flexibility in organizing financial data.

upvoted 0 times

...

Shawna

4 months ago

I think the answer is A.

upvoted 0 times

...