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Consider the following sentences. The variant principle is the three step method used in R/3 to assign special properties to one or more R/3 objects. One of the disadvantages to use variants is that it can't deal with the maintenance of properties, which are common among several business objects. For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects. This principle is used for the fiscal years, posting periods and so on.

A company code is. An independent accounting entity (the smallest organizational element for which a complete self contained set of accounts can be drawn up). An organizational unit in an enterprise that represents a closed system used for cost accounting purpose. An organizational unit that provides an additional evaluation level for the purpose of segment reporting for example. A dependent accounting entity, according to fiscal year. The highest level in the R/3 system hierarchy.

Consider the following sentences. A fiscal year has to be defined by means of seperating business transactions into different periods. Special periods are used for posting, which are related to the process of year end closing in total 16 special periods can be used. The fiscal year is defined as a variant, which is assigned to the chart of accounts. The fiscal year variant only defines the amount of periods and their start and finish dates.

what is an independent fiscal year variant (please choose the correct sentence). it is a variant which the postings periods are only equal to the monthe of the year. it is a variant which you can define different number of periods according to the year. it is a variant which each own fiscal years uses the same number of periods,and the posting periods always start and end at the same day of the year. it is a variant which allows the use of different number of posting periods. it is a variant not only normally used because of its particularity.

consider the following sentences. A base currency can be assigned to an exchang rate type. To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rate (B and G).

consider the following statements about the currencies concept. The currency code identifies each currency that will be used into R/3 system. You have to define all the world's currency into R/3 system. Exchange rate types distinguishes the exchange rates to be considered for various purposes,such as valuation, translation,conversion, planning, etc.

Consider the following sentences.( true and false). A base currency can be assigned to an exchange rate type. A base currency can be used for an average, a buying or a selling rate.

consider the following sentences about the direct quotation: it is also known as price notation. The currency value is expressed in units of the foreign currency per unit of local currency. For direct quotation, the prefix to indicate the rate is "/".