Infor Exam M3-123 Topic 3 Question 34 Discussion

Actual exam question for Infor's M3-123 exam

Question #: 34
Topic #: 3

Which two of the following items must be completed before you record the year-end profit or loss on General Ledger. Calculate Profit/Loss (GLS995/E)? (Choose two.)

AThe budget of the budget transactions to transfer must have the same year, period, budget number and budget version as the budget of the parent company.

BFAM function GL01 with at least one detail record is defined in FAM Function. Open (CRS405).

CAll transactions from the year to be updated are recorded.

DFAM function GL99 is defined in 'FAM Function. Open' (CRS405).

Show Suggested Answer

Suggested Answer: C, D

by Andree at Aug 27, 2024, 12:10 PM

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Brice

2 months ago

I'm going with C and D. The other options sound like they might be important for other accounting tasks, but not for this specific calculation.

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Kenneth

29 days ago

Exactly, those are the two key steps before recording the year-end profit or loss.

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Abel

1 months ago

That makes sense, we also need to have the GL99 function defined.

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Catalina

2 months ago

I agree, we need to make sure all transactions are recorded before calculating the profit or loss.

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Franklyn

2 months ago

I think C and D are the correct options.

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Honey

2 months ago

Haha, I bet the budget transactions are the key to unlocking the secret of the profit/loss calculation. Where's my crystal ball when I need it?

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Marvel

2 months ago

C) All transactions from the year to be updated are recorded.

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Sanda

2 months ago

A) The budget of the budget transactions to transfer must have the same year, period, budget number and budget version as the budget of the parent company.

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Arthur

3 months ago

Definitely C and D. The other options don't seem to be directly related to calculating the year-end profit or loss.

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Elvera

3 months ago

I'm pretty sure C and D are the right answers. Completing the budget transactions and defining the GL01 function don't seem relevant for this particular task.

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Rosalyn

1 months ago

Yes, C and D are the correct answers to complete before recording the year-end profit or loss on General Ledger.

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Estrella

1 months ago

I also believe D is important, having FAM function GL99 defined is necessary for this task.

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Sylvia

1 months ago

I agree, making sure all transactions from the year are recorded is crucial.

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Danilo

2 months ago

I think C is definitely one of the items that must be completed before recording the year-end profit or loss.

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Carmen

3 months ago

I think C and D are the correct options. You need to have all transactions recorded and the GL99 function defined to calculate the profit/loss.

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Wenona

2 months ago

Actually, it's A and D that need to be completed before you can calculate the profit/loss on General Ledger.

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Elza

3 months ago

I think A and C are the ones you need to complete before recording the year-end profit or loss.

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Gregoria

3 months ago

Yes, you're right. All transactions need to be recorded and the GL99 function must be defined.

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Raylene

3 months ago

I agree, C and D must be completed before recording the year-end profit or loss.

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Viola

3 months ago

I agree, C and D are the correct options. All transactions need to be recorded and the GL99 function must be defined.

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Gaynell

3 months ago

I believe B and D are also important. B defines the GL function and D is necessary for year-end processing.

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Yen

4 months ago

I agree with Vincenza. A ensures the budget is aligned and C ensures all transactions are recorded.

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Vincenza

4 months ago

I think A and C must be completed first.

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