BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Functional Area
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Profit center
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Cost center
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Fixed assets
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Detailed explanation-1: -Drilldown characteristics are characteristics with which you can navigate in the report and are characteristics such as financial statement item, account number, company code, and business area.
Detailed explanation-2: -Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)? A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
Detailed explanation-3: -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.
Detailed explanation-4: -What restriction apply when a new currency is introduced for productive company codes and ledgers? There are 2 correct answer to this question. New currency fields are NOT updated for existing data. Reconciliation for entities in asset accounting is NOT included.