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C_TFIN22_65 · Question #25

A customer uses assessment cycles in cost center accounting. How can the customer see the results on the profit centers in New GL?

The correct answer is B. By activating the real-time reconciliation between CO and FI. To reflect assessment cycle results from cost center accounting on profit centers in New GL, real-time reconciliation between CO and FI must be activated.

Profit Center Accounting

Question

A customer uses assessment cycles in cost center accounting. How can the customer see the results on the profit centers in New GL?

Options

  • ABy activating plan integration for profit centers.
  • BBy activating the real-time reconciliation between CO and FI.
  • CBy activating document split for cost centers in New GL.
  • DBy defining and execute the equivalent cycles in the New GL.

How the community answered

(61 responses)
  • A
    3% (2)
  • B
    74% (45)
  • C
    7% (4)
  • D
    16% (10)

Why each option

To reflect assessment cycle results from cost center accounting on profit centers in New GL, real-time reconciliation between CO and FI must be activated.

ABy activating plan integration for profit centers.

Activating plan integration for profit centers would be relevant for planning data, not for seeing actual results of assessment cycles on profit centers.

BBy activating the real-time reconciliation between CO and FI.Correct

Activating real-time integration between CO and FI ensures that CO allocations, such as assessments from cost centers, generate corresponding FI postings, which, when profit center update is active, carry the profit center information into New GL.

CBy activating document split for cost centers in New GL.

Activating document splitting for cost centers in New GL ensures a balanced balance sheet at the profit center level but does not directly cause the assessment results from CO to flow into the New GL profit center view.

DBy defining and execute the equivalent cycles in the New GL.

Defining and executing equivalent cycles in New GL would mean replicating the assessment logic, which is redundant and inefficient given that real-time integration is designed to handle this transfer automatically from CO assessments.

Concept tested: New GL integration of CO allocations

Topics

#Assessment cycles#Cost Center Accounting#Profit Center Accounting#Real-time reconciliation

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