Discuss Infor M3-123 Exam Topic 4 Question 59

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.

Suggested Answer: A, C

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25 comments · newest first

Tyisha 6 months ago

D is interesting, but I’m not sure about six levels.

Tiara 6 months ago

B seems wrong, account groups should be company-wide.

Stefany 6 months ago

I agree, A makes sense for listing accounts.

Leota 7 months ago

I think A and C are correct.

Pearly 7 months ago

I disagree with D, I thought there were only four levels.

Christoper 7 months ago

Wait, six levels? That seems like a lot!

Ora 7 months ago

Definitely A and C, no doubt about it.

Adelle 7 months ago

I thought B was true too, but it’s not!

Jean 7 months ago

A and D are correct!

Carmela 8 months ago

I think the answer is A and D, but I'm just guessing at this point.

Aleshia 8 months ago

Haha, who even uses Infor M3 these days? I heard it's so outdated.

Owen 9 months ago

B is definitely wrong, that's not how account groups work.

Xenia 9 months ago

I'm pretty sure D is right, but I'm not 100% sure.

Lucina 9 months ago

A and C seem like the correct answers.

Linette 9 months ago

I recall there being a specific number of levels for account groups, but I can't remember if it was six or something else. So D might be right, but I’m not confident.

Meaghan 9 months ago

I feel like I’ve seen a question similar to this before, and I think C is definitely a requirement for account groups.

Ahmad 9 months ago

I'm not entirely sure, but I remember something about account groups being defined at the company level too, which makes me question B.

Fletcher 10 months ago

I think account group levels do affect how accounts are listed on financial statements, so maybe A is correct.

Nicholle 10 months ago

Ah yes, I remember this topic from the Infor M3 training. The key things to focus on are that account groups control the ordering on statements, and they need to be specifically included in the relevant statements. I think A and C are the right answers here.

Narcisa 10 months ago

Okay, let me think this through. I know account groups are important for financial reporting, but I can't quite recall if they are defined at the division or company level. I'll have to use the process of elimination to narrow down the options.

Theresia 10 months ago

Hmm, this question seems pretty straightforward. I'm pretty confident that A and C are the correct answers, since I recall that account groups determine the order on financial statements and need to be defined for inclusion in those statements.

Alise 10 months ago

I think I remember learning about account groups in Infor M3, but I'm not totally sure about the details. I'll need to review my notes carefully to make sure I understand the differences between the options.

Queenie 4 months ago

↳ replying to Alise

I’m leaning towards A and B. Need to check my notes!

Skye 6 months ago

↳ replying to Alise

I agree, A and D seem correct too.

Jillian 6 months ago

↳ replying to Alise

I think A and C are the right choices.

Infor M3-123 Exam - Topic 4 Question 59 Discussion