What does the year-end closing program in Asset Accounting do?
Note: There are 3 correct answers to this question.
Response:

• A.It blocks all postings to Asset Accounting for the closed fiscal years.
• B.It posts all remaining depredation and imputed interest.
• C.It settles all assets under construction with values and maintained settlement rules.
• D.It indicates if any of the created asset master records contain errors or are incomplete.
• E.It checks whether the depreciation is posted completely for the fiscal year.

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Delta postings can execute revaluation. Determine whether this statement is true or false.
Response:

• A.False
• B.True

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It is common for companies to receive invoices for the previous fiscal year at the beginning of the new fisca year. Which dates must have the same fiscal year in the document entry?

• A.Document date and asset value date
• B.Posting date and asset value date
• C.Posting date and entry date.
• D.Document date and posting date.

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Which of the following retirement types is referred to as scrapping? Please choose the correct answer.

• A.Complete retirement with revenue but without customer
• B.Complete integrated asset retirement
• C.Partial retirement without revenue and without customer
• D.Unplanned depreciation of remaining value

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What are the features of the Accrual Engine in SAP S/4 HANA? There are 2 correct answers to this question.

• A.All currencies of general ledger are supported.
• B.Complex postings with more than two line items are NOT possible.
• C.The Fl reversal is NOT supported.
• D.The fiscal year variant of the general ledger is supported.

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