BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Depreciation and asset balances are posted in full.
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Last fiscal year has been updated.
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Assets are complete and error-free.
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Depreciation lists and the asset history sheet have been checked.
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Detailed explanation-1: -Question: 46What checks does the year-end closing program (RAJABSOO) perform? There are 2 correct answers to this question. Response:A. Depreciation lists and the asset history sheet have been checked.
Detailed explanation-2: -You use the year-end closing program to close the fiscal year for one or more company codes from an accounting perspective. Once the fiscal year is closed, you can no longer post or change values within Asset Accounting (for example, by recalculating depreciation).
Detailed explanation-3: -The fiscal year in Asset Accounting that is closed is always the year following the last closed fiscal year in Asset Accounting. You can not close the current fiscal year until all depreciation values have been posted. AJRW-Carries the Asset balances to the next year.