Infor M3 Fundamentals — Question 2

Which one of the following options needs to be generated for at least the current year and the next two years and also needs to be generated as far back as the earliest period for which historical data will be entered?

Answer options

• A. Accounting Identity. Open (CRS630)
• B. System Calendar. Open (CRS900)
• C. Period Accounting. Update (GLS140)
• D. Fiscal Year. Periods (GLS986/B)

Correct answer: C

Explanation

The correct answer is C because Period Accounting must be set up for the specified timeframe to ensure accurate financial reporting. The other options either relate to different functions or do not specifically address the need for a time frame that includes historical data.