Infor Exam M3-123 Topic 1 Question 22 Discussion

Actual exam question for Infor's M3-123 exam

Question #: 22
Topic #: 1

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.

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Suggested Answer: A

by Paz at Mar 15, 2024, 03:31 AM

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5 months ago

That's correct. Having multiple levels allows for better organization and reporting.

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5 months ago

I remember there are six levels of account groups.

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5 months ago

Yes, and not at the company level.

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6 months ago

I believe account groups are defined at the division level.

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7 months ago

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

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