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Infor Exam M3-123 Topic 3 Question 34 Discussion

Actual exam question for Infor's M3-123 exam
Question #: 34
Topic #: 3
[All M3-123 Questions]

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.)

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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
6 days ago
Exactly, those are the two key steps before recording the year-end profit or loss.
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Abel
21 days ago
That makes sense, we also need to have the GL99 function defined.
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Catalina
28 days ago
I agree, we need to make sure all transactions are recorded before calculating the profit or loss.
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Franklyn
29 days 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
1 months ago
C) All transactions from the year to be updated are recorded.
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Sanda
1 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
2 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
2 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
19 days 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
21 days ago
I also believe D is important, having FAM function GL99 defined is necessary for this task.
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Sylvia
22 days ago
I agree, making sure all transactions from the year are recorded is crucial.
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Danilo
1 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
2 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
2 months ago
Yes, you're right. All transactions need to be recorded and the GL99 function must be defined.
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Raylene
2 months ago
I agree, C and D must be completed before recording the year-end profit or loss.
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Viola
2 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
3 months ago
I agree with Vincenza. A ensures the budget is aligned and C ensures all transactions are recorded.
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Vincenza
3 months ago
I think A and C must be completed first.
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