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ERASED TEST, YOU MAY BE INTERESTED ONTS4F02- S4 HANA Finance Part1-UNIT3

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Title of test:
TS4F02- S4 HANA Finance Part1-UNIT3

Description:
Fixed and Current Assets

Author:
AVATAR
Rankanidhi Panigray
(Other tests from this author)


Creation Date:
21/03/2019

Category:
Others

Number of questions: 15
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Content:
The depreciation position program FAA_DEPRECIATION_POST has to be used to record ordinary (book and cost accounting) depreciation. Determine whether this statement is true or false. True False.
You can change the fiscal year before the last period of the old fiscal year. Determine whether this statement is true or false. True False.
What checks does the year-end closing program perform? Choose the correct answers Depreciation are posted in full. Assets are complete and error-free. Depreciation lists and the asset history sheet have been checked Last fiscal year has been updated.
Which of the following are the different history sheet groups that each version of asset history sheets can contain? Choose the correct answers. Book values at the end of the fiscal year Acquisitions Imputed interest Reposting.
The periodic inventory method involves counting all stocks physically on the balance sheet key date. Determine whether this statement is true or false. True False.
The three-step reconciliation involves the purchase order, goods receipt, and invoice receipt. Determine whether this statement is true or false. True False.
What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date? Choose the correct answers. Check to see if the goods were invoiced by the key date, but have not yet been delivered Check to see if the goods were ordered by the key date, but have not been received Check to see if the goods were delivered by the key date, but have not yet been invoiced. Check to see if the goods were produced by the key date, but have not been invoiced.
In stock valuation, which of the following groups of stocks are valuated? Choose the correct answers. Raw materials, supplies, and consumables Work in process Goods invoiced Finished goods.
Delta postings can execute revaluation. Determine whether this statement is true or false. True False.
The settlement of the production order displays the value of the work in progress (WIP) on the balance sheet and, at the same time, posts the change in stock in the profit and loss statement. Determine whether this statement is true or false. True False.
During a G/L balance carry forward, the asset values from the old fiscal year are cumulatively carried forward to the new fiscal year. From this point on, you can make asset postings with a reference date in the new fiscal year True False.
If a closed fiscal year is then released for posting, it can be closed again only after the yearend closing program has been run again. True False.
what are the inventory counting methods ? Continuous inventory method Periodic inventory method Cycle counting method Yearly inventory method.
Material Valuation will post through- Ledger Group Accounting Principle.
Which program can you use to analyze your GR/IR clearing accounts? The program RFWERE00 analyzes the GR/IR clearing account. In order to post to the accounts “goods delivered but not invoiced ” and “goods invoiced but not yet delivered ” , you need to assign transaction keys BNG and GNB, respectively, to these accounts in Customizing True False.
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