BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are the month-end closing activities for external purposes? Choose the correct answers. 3
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Post goods issues for deliveries to customers
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Close the old period
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Create external and internal reports
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Perform foreign currency valuations
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Explanation:
Detailed explanation-1: -The period-end closing in Activity-Based Costing is a task that is executed at period end for the entire firm. The tasks carried out at period end, and the sequence they are done in depends on which SAP functions are used and what cost accounting methods are implemented.
Detailed explanation-2: -Which closing activities are used in external reporting as per SAP best practices? There are 2 correct answers to this question. Reclassify receivables and payable’s. Update product cost estimates.
There is 1 question to complete.