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Infor M3-123 Exam - 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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Arthur
3 months ago
A is a must, but I’m not convinced about D being necessary.
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Salena
3 months ago
I agree with C, but I’d pick B over A.
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Ceola
3 months ago
Wait, are we really sure all transactions need to be recorded? Sounds off.
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Lai
4 months ago
I think A is also important, but not sure about D.
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Johana
4 months ago
Definitely C and D! Those are crucial.
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Temeka
4 months ago
I thought FAM function GL99 was important too, but I can't remember if it's required for the year-end profit calculation. I wish I had reviewed that section more!
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Reuben
4 months ago
I practiced a similar question, and I believe that the budget transactions must match the parent company's details. It feels like a key step before finalizing anything.
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Paola
4 months ago
I'm a bit unsure about the FAM functions. I remember something about GL01 needing to be defined, but I can't recall if it's essential for this specific calculation.
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Renea
5 months ago
I think we definitely need to ensure that all transactions from the year to be updated are recorded. That seems crucial for calculating profit or loss.
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Nadine
5 months ago
This is a tricky one, but I think the key is to focus on the specific requirements mentioned in the options. B and D seem to be the most relevant and directly related to the task of recording the year-end profit or loss.
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Luke
5 months ago
Based on the wording of the question, I think the key is to identify the two necessary steps before recording the profit or loss. Options A and C seem to be more general requirements, while B and D are more specific to the actual process. I'll go with B and D.
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Jaclyn
5 months ago
I'm a bit confused by this question. I'm not sure what "FAM function" means or how it relates to recording the year-end profit or loss. I'll need to review my notes to see if I can figure this out.
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Nathan
5 months ago
Okay, let me see. I think options B and D are the correct answers, since they mention specific FAM functions that need to be defined. I'm pretty confident about that.
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Mila
5 months ago
Hmm, this looks like a tricky one. I'll need to carefully read through the options and think about which two are required before recording the year-end profit or loss.
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Tess
5 months ago
Hmm, I'm a bit confused on this one. I know AFM is related to data replication, but I'm not sure if it's the same as mirroring or just copying changed blocks. I'll have to think this through a bit more.
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Brice
1 year 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
1 year ago
Exactly, those are the two key steps before recording the year-end profit or loss.
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Abel
1 year ago
That makes sense, we also need to have the GL99 function defined.
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Catalina
1 year ago
I agree, we need to make sure all transactions are recorded before calculating the profit or loss.
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Franklyn
1 year ago
I think C and D are the correct options.
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Honey
1 year 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 year ago
C) All transactions from the year to be updated are recorded.
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Sanda
1 year 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
1 year 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
1 year 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 year 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 year ago
I also believe D is important, having FAM function GL99 defined is necessary for this task.
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Sylvia
1 year ago
I agree, making sure all transactions from the year are recorded is crucial.
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Danilo
1 year 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
2 years 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
1 year 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
1 year 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
1 year ago
Yes, you're right. All transactions need to be recorded and the GL99 function must be defined.
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Raylene
1 year ago
I agree, C and D must be completed before recording the year-end profit or loss.
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Viola
1 year 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
2 years 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
2 years ago
I agree with Vincenza. A ensures the budget is aligned and C ensures all transactions are recorded.
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Vincenza
2 years ago
I think A and C must be completed first.
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