BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Extension ledgers can be assigned their own posting period variant.
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Multiple extension ledgers can point to the same underlying ledger.
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Extension ledgers can be assigned their own fiscal year variant
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Extension ledgers can have different currencies than the underlying ledger.
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Detailed explanation-1: -"Which statements best describe extension ledgers in SAP S/4HANA? Note: There are 2 correct answers to this question.” AExtension ledger can be assigned their own fiscal year variant. BExtension ledgers can have different currencies than the underlying.
Detailed explanation-2: -What is Extension Ledger in SAP? Extension Ledger in SAP FICO is a functionality that helps the users to create a layer on the top of an underlying ledger. This allows all postings from the underlying ledger will also apply to this extension ledger.
Detailed explanation-3: -There are 2 types of ledgers – leading ledger which is integrated with all subsidiary ledgers and controlling. Then you have parallel ledgers which are called non-leading ledgers.
Detailed explanation-4: -Extension ledgers are one of the powerful options that can be used for Management reporting. These ledgers staple the data on top of Standard ledgers, hence no data duplications as number of extension ledgers can point to 1 Standard ledger. There are 2 types of ledgers in SAP S/4 HANA: Standard Ledgers.