Tfin50_2unit vi

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Tfin50_2unit vi


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Using new General Ledger Accounting, the one general ledger in standard configuration is the leading ledger 0L. True False.
The length of a G/L account number is typically specified as digits, letters can not be included. True False.
When using Financial Accounting (FI) with one accounting principle, all FI documents are posted in one general ledger True False.
The only required accounting principle (the local one) is displayed in the leading ledger 0L. So, if you assume that new General Ledger Accounting is already in use (with only the leading ledger 0L), a further non-leading ledger must show the international valuation. True False.
All accounts are used to create the balance sheet for the required accounting principle. The accounting principle is typically the local one. True False.
You can change the valuation of ledgers in the SAP system at the present time. True False.
Because you cannot change the valuation of ledgers, you need to distinguish between the following: Customers who already use new General Ledger Accounting, and the leading ledger 0L to depict the local GAAP: If it is obvious that the international accounting principle must be depicted in the leading ledger at some point in the future, the implementation of the accounts approach is recommended. Customers who still use classic General Ledger Accounting: These customers must first migrate to new General Ledger Accounting. This can be a relatively large and time-consuming project. However, SAP offers different scenarios to support this migration, along with other scenarios to implement the ledger approach. New customers who do not use the SAP ERP application yet, but want to implement it: These customers are starting with a greenfield approach, and can therefore configure the ledger approach most effectively. Account Approach can not be distinguish from ledger Approach.
In every client, there is exactly one leading ledger. This ledger is used and posted to by all company codes. True False.
The features of this leading ledger are as follows: This ledger reflects the international accounting principle. This ledger is the only one integrated with CO in the standard system. Leading ledger is not parallel to non leading ledger .
The non-leading ledgers are ledgers outside the general ledger. It may confuse them within ledgers of the Special Purpose Ledger (FI-SL) component. True False.
You can also define additional ledgers, such as non-leading ledger maps the local reporting principles of the different company codes, such as U.S. GAAP, UK GAAP, HGB, or Italian GAAP. True False.
If you map the standard case (leading ledger = international financial reporting), you do not have to map every local accounting principle in its own non-leading ledger. Depending on the company, this could lead to a large number of ledgers and bloat the totals record table. It also makes the data harder to read and evaluate. True False.
Because of the requirement to link non-leading ledgers with one or more company codes, a non-leading ledger can not map different financial reporting requirements, depending on the company code. True False.
There are companies that map the local accounting principles in the leading ledger. These customers then work with different Controlling (CO) areas for each company code. If this is not the case, they will have a varied range of local valuation approaches in CO, with little value for reporting. True False.
To set up the ledger approach, you need to define a non leading ledger and assign non leading ledger with company codes True False.
All ledgers do not work with the same accounts. Valuation differences are stored on different books or ledgers and in different accounts. True False.
Every posting with a uniform basis for valuation is automatically posted to all ledgers. True False.
When a vendor invoice is posted, the document is posted in all ledgers automatically with the same accounts and also the same amount. The ledger approach is depicted in the leading ledger 0L and all the non-leading ledgers True False.
To display the international and/or the local financial statement, the same financial statement version can be used (assuming that the balance sheet structure itself is the same internationally and locally). The differentiating parameter in all FI reports is the entry in the Ledger field. If no ledger is entered, the leading ledger is evaluated. True False.
In the SAP system, provisions or reserves are processed with manual postings. However, when working with the ledger approach, transaction code FB50 (Enter G/L Account Document) is not required because this transaction always posts to all ledgers. True False.
To post different valuations, you must use special transaction code FB50L (or FB01L). True False.
Even though system setup is completely different in the accounts approach, the work for SAP users and accountants is more or less the same. In the case of provisions or reserves, one posting is created. True False.
When you create a ledger, a ledger group is automatically created by the SAP system. This means that every ledger group contains only one ledger. For example, ledger group 0L contains only the leading ledger 0L. True False.
Ledger groups play another role. They can be created automatically and it is possible to assign more than one ledger to a ledger group. This enables you to post only in the ledgers of the chosen ledger group. True False.
Manually-created ledger groups are always interesting if more than two accounting principles have to be satisfied. True False.
Typically, the provision balance sheet account is open-item managed. However, it is technically not possible to post with ledger group-specific transactions (such as transaction code FB50L) to open item-managed accounts. For this reason, SAP provides a solution that enables you to clear an account specific to a ledger group. True False.
The Clearing Specific to Ledger Groups parameter replaces the functions of the Open item management parameter and the Line item display parameter. True False.
The provision or reserve process typically involves the following postings: Post provision expense: One document in each ledger. Same accounts but different amounts Post a document if the circumstance for which the provision was made is reached Post gain from addition to provision Post gain from reduction of provisions Clear provision balance sheet account: Automatic clearing is also possible Post discount on clearing of provision.
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