BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -The SAP Financial Closing cockpit supports you in planning, executing, monitoring, and analyzing financial closing tasks for the entities of your group.
Detailed explanation-2: -The system interprets the quantity as a ratio to the total quantity of the asset and thereby determines the asset retirement percentage rate. If necessary, you can also manually correct the retirement amounts that were calculated by the system in individual depreciation areas.
Detailed explanation-3: -The pre-closing activities on the last day of month are as follows: Process purchase order accruals, enter manual accruals and deferrals, process recurring entries Etc. Maintain the goods receipt and invoice receipt (GR/IR) clearing account, and post material revaluations.