SAP Exam C_S4FCC_2021 Topic 3 Question 20 Discussion

Actual exam question for SAP's C_S4FCC_2021 exam

Question #: 20
Topic #: 3

[All C_S4FCC_2021 Questions]

What does balance carry forward do?

AIt carries forward asset values to the same subitem as in the previous year by default.

BIt carries forward reporting FS items to the same FS item as in the previous year by default unless otherwise specified.

CIt carries forward statistical FS items to the same subitem as in the previous year by default.

DIt carries forward equity values to the same FS item as in the previous year by default unless otherwise specified.

Show Suggested Answer

Suggested Answer: B

Balance carry forward in group reporting carries forward reporting FS (Financial Statement) items to the same FS item as in the previous year by default unless otherwise specified. This ensures that the opening balances for the new fiscal year are correctly set based on the closing balances of the previous fiscal year.

by Vi at Nov 25, 2023, 12:58 AM

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