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Exam M3-123 topic 1 question 39 discussion

Actual exam question from Infor's M3-123
Question #: 39
Topic #: 1
[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.)

  • 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.
  • B. FAM function GL01 with at least one detail record is defined in FAM Function. Open (CRS405).
  • C. All transactions from the year to be updated are recorded.
  • D. FAM function GL99 is defined in ‘FAM Function. Open’ (CRS405).
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Suggested Answer: CD 🗳️
by pip1234 at Sept. 28, 2024, 12:44 a.m.

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pip1234
2 months, 1 week ago
Selected Answer: CD
GLS995 'General Ledger. Calculate Profit/Loss' uses the FAM function GL99. The FAM function GL99 is specifically defined for the purpose of recording the year-end profit or loss in the general ledger. According to the M3 Financial Accounting User Guide, FAM function GL99 must be defined in ‘FAM Function. Open’ (CRS405)
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