Tax and Statutory report

Where do you assign the group chart of accounts?. Company code. Operating chart of accounts. Company. General ledger account.

You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your S S/4HANA system in a single client. The others use separate legacy systems. How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario?. 01. 10. 15. 05.

From which G/L account types are values shown in the profit and loss (P&L) statement? Note: There are 3 correct answers to this question. Non-operating Expense or Income. Balance Sheet Account. Primary Costs or Revenue. Secondary Costs. Cash Account.

What is the prerequisite for a G/L account to switch off open item management for it?. It has not been posted to. It has a zero balance. It has been blocked against postings. It has no open items.

Where do you assign the currency type?. Accounting principle. Valuation area. Company. Ledger.

On which level do you maintain the currency translation ratio between two currencies?. Exchange rate type. Currency type. Document type. Valuation type.

You try to create a G/L account but you get an error because the account number is not in the accepted range. Which object do you need to customize to extend the number range?. Account group. Account type. Chart of accounts. Tolerance group.

What separates the leading ledger from other parallel standard ledgers?. It is assigned to all company codes. It is used for performing segment reporting. It is used to represent the group valuation. It doesn't derive values from other ledgers.

You are posting a general journal entry for your company code. After posting the entry, you notice the document number is in the wrong number range. After reversing the document, what do you need to change when reposting the document?. Assignment. Document number. Posting key. Document type.

When defining a new standard ledger, which action must you take to manually post a general journal entry to it?. Include the ledger in a ledger group. Define the underlying ledger. Assign a chart of accounts to the ledger. Assign the ledger to a company code.

You want to post a reversal for a document posted in a closed posting period. Which object do you configure to allow you to enter the reversal with a date different from the original document?. Reversal reason. Company code. Reversal method. Document type.

You are trying to extend a G/L account to a new company code but are getting an error for incomplete data. All customizable fields have been set to option in the field status. Which fields must you always maintain when extending a G/L account? Note: There are 2 correct answers to this question. Account currency. Account number. Field status group. Sort key.

Where can you see the matching results from the Intercompany Matching and Reconciliation tool?. In the Consolidation Journal table (ACDOCU). In the Universal Journal table (ACDOCA). In the Accounting Document Segment table (BSEG). In an application specific table (ICADOCM).

Which fields are maintained on the chart of accounts level of a G/L account? Note: There are 3 correct answers to this question. Group account number. Short text. Alternative account number. Field status group. Account group.

How does the system determine the relevant accounting principle when performing foreign currency valuation?. Via the valuation type. Via the valuation method. Via the valuation class. Via the valuation area.