Identify the steps performed during the general ledger closing operations for the fiscal
year. Foreign currency documents are valuated. Accruals are carried out. The balance carry forward program is run Vendor invoices are posted. The system uses the posting date that you specify during document entry to determine to
which posting period the document is posted.
Determine whether this statement is true or false. True False. To reduce the load on the system, what should you do with the older documents that exist
in the database?
Choose the correct answer. Delete Extract and delete Backup and delete Archive and delete. After older documents have been archived and deleted from the database, you can still
use the balance audit trail to explain an account balance.
Determine whether this statement is true or false. True False. The entities defined as splitting characteristics are inherited in non-account-assigned
posting lines.
Determine whether this statement is true or false. True False. Parallel financial reporting means that you must create financial statements for a
company in accordance with different accounting rules.
Determine whether this statement is true or false. True False. You can only use the leading ledger to model different accounting rules.
Determine whether this statement is true or false. True False. Reason for Balance Audit Trail To display posting information for a fiscal year and document status in Financial
Accounting. To provide a statement for an external audit. Extension ledgers can be assigned own booking period variants. This means the standard ledger can be
closed and the assigned extension ledger can be open. True False. If the ledger group only consists of one or more non-leading ledgers, you have to define the
document types for the entry view in one ledger True False.