BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is used for the authorization object for posting periods
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It is used for posting from CO to Fl
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It is used for period lock in special purpose ledger
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It is used for special period posting
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Detailed explanation-1: -Period interval 3 is used for postings from Controlling (CO) to Financial Accounting (FI). If you do not make an entry for period interval 3, the check on these postings is made from the real-time integration against period intervals 1 and 2.
Detailed explanation-2: -In SAP S/4HANA period interval 3 is used for postings from Controlling (CO) to Financial Accounting (FI). If this third interval is not filled, the entries in intervals 1 and 2 are also valid for these postings. A balance audit trail generates compact journal for a specified period in the form of a list.
Detailed explanation-3: -Period 3: Period 3 is used for open and closing posting for controlling in S4Hana. After maintaining the details for open and close postings periods, click on the save button to save the details.
Detailed explanation-4: -You define posting periods in your fiscal year variants. You can open and close these posting periods for posting. As many periods as you require can be open for posting simultaneously. Usually, only the current posting period is open for posting, all other posting periods are closed.
Detailed explanation-5: -It is still possible to use transaction code OB52 to open and close posting periods for a particular posting period variant.