BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It posts all remaining depredation and imputed interest
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It checks whether the depreciation is posted completely for the fiscal year.
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It blocks all postings to Asset Accounting for the closed fiscal years.
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It indicates if any of the created asset master records contain errors or are incomplete
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It settles all assets under construction with values and maintained settlement rules
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Detailed explanation-1: -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-2: -AJRW-Asset Fiscal year change 1-Enter the company code(s) for which you want to close the fiscal year. 2-Enter the New Fiscal Year-This is the year that you are opening. This is not the year that you are closing. After entering the info, click on execute and click on yes when the next screen comes up.
Detailed explanation-3: -We recommend carrying out the fiscal year change in Asset Accounting close to the time of the year-end closing.