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NEW QUESTION 53
Financial Closing
"You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles.
How can you set this up in the system?"
- A. Define two valuation methods and assign the accounting principles to the new valuation methods.
- B. Define two valuation ares and two accounting principles witth relevate links to ledgers.
- C. Define two valuation ares and two extension ledgers with relevant links to accounting principles.
- D. Define two valuation methods and assign the ledger groups to the new valuation method.
Answer: A
NEW QUESTION 54
General Ledger Accounting
"How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question."
- A. It checks the tax amount entered and automatically calculates the tax.
- B. It adjusts the tax codes and automatically updated the procedure.
- C. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
- D. It perform tax adjustments for cash discounts and other forms of deductions.
- E. It posts the tax amount to tax accounts.
Answer: A,D,E
NEW QUESTION 55
Asset Accounting
What is the difference between the ledger approach and the accounts approach to parallel caluation in Asset Accounting?
Note: There are 1 correct answers to this question.
- A. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
- B. In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
- C. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
- D. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.
Answer: A
NEW QUESTION 56
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