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Exam M3-123 Topic 1 Question 29 Discussion
Infor Exam M3-123 Topic 1 Question 29 Discussion
Actual exam question for Infor's M3-123 exam
Question #: 29
Topic #: 1
[All M3-123 Questions]
Which of the following describe account groups in Infor M3?
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.
B
Account groups are defined at the division level but not the company level.
C
Six levels of account groups exist.
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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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Shawn
1 months agoBlossom
26 days agoEmily
1 months agoFatima
1 months agoAlverta
1 months agoLarae
22 days agoEleonora
25 days agoPura
2 months agoFatima
2 months agoEmerson
2 months agoCorinne
2 months agoJesusita
2 months agoJulio
2 months ago