BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Configuration of custom fields for financial statements
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Adjustments for consolidation purposes
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Parallel valuation of depreciation areas
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Simulation of foreign currency valuation
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Detailed explanation-1: -Extension ledgers are one of the powerful options that can be used for Management reporting. These ledgers staple the data on top of Standard ledgers, hence no data duplications as number of extension ledgers can point to 1 Standard ledger.
Detailed explanation-2: -What data for asset accounting is stored in the universal journal? Acquisition and production cost values of all depreciation areas that are defined as real depreciation areas.
Detailed explanation-3: -When a foreign currency valuation is done in SAP, all open items and balances in a foreign currency will be converted to local currency using the current exchange rate maintained in the system. After taking FCV run SAP creates two postings.
Detailed explanation-4: -The simulation run generates valuation posting documents that are posted into an S type extension ledger. Reporting on the simulation ledger combines simulation data with actual data of the underlying ledger. You can see the simulated data on all reports for which you can specify a ledger.