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SAP

C_TS4FI_2021 · Question #28

You must run the foreign currency valuation for both US GAAP and IFRS. which leads to different values for the two different accounting principles. How can you set this up in the system?

The correct answer is C. Define two valuation methods and assign the accounting principles to the new valuation methods. See the full explanation below for the reasoning.

Question

You must run the foreign currency valuation for both US GAAP and IFRS. which leads to different values for the two different accounting principles. How can you set this up in the system?

Options

  • ADefine two valuation methods and assign the ledger groups to the new valuation methods
  • BDefine two valuation area and assign and two extension ledgers with relevant links to accounting
  • CDefine two valuation methods and assign the accounting principles to the new valuation methods
  • DDefine two valuation area and assign and two accounting principles with relevant links to ledgers

How the community answered

(27 responses)
  • A
    4% (1)
  • B
    11% (3)
  • C
    81% (22)
  • D
    4% (1)

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Full C_TS4FI_2021 Practice