Infor Exam M3-123 Topic 1 Question 29 Discussion

Actual exam question for Infor's M3-123 exam

Question #: 29
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.

Show Suggested Answer

Suggested Answer: A

by Andrew at Jun 22, 2024, 11:22 AM

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Shawn

1 months ago

I'm so hungry, I could eat a whole account group right now. Where's the nearest financial cafeteria?

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Blossom

26 days ago

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

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Emily

1 months ago

This question is as clear as mud. I'll just guess and hope for the best!

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Fatima

1 months ago

Yes, that's correct. And there are six levels of account groups.

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Alverta

1 months ago

The order of accounts within a group is important for financial reporting, so Option A sounds plausible. But I'm not sure about the other options.

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Larae

22 days ago

I agree, the order of accounts within an account group can impact how the information is presented on financial statements.

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Eleonora

25 days ago

I think Option A is correct. The order of accounts within a group is definitely important for financial reporting.

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Pura

2 months ago

I believe account groups are defined at the division level.

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Fatima

2 months ago

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

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Emerson

2 months ago

Six levels of account groups? That seems like a lot. I'm going to go with Option C for this one.

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Corinne

2 months ago

I'm pretty sure account groups are defined at the company level, not just the division level. Option B doesn't sound right to me.

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Jesusita

2 months ago

Yeah, I agree. Option B doesn't seem accurate.

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Julio

2 months ago

I think you're right, account groups are definitely defined at the company level.

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