Infor M3 Fundamentals — Question 18

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.)

Answer options

• 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).

Correct answer: C, D

Explanation

The correct answers are C and D because all transactions for the year that need to be updated must be recorded before calculating the profit or loss, and FAM function GL99 must be defined for proper operations. Options A and B are not prerequisites for this process; they pertain to budget alignment and FAM function definitions, which are not directly related to year-end profit or loss recording.