SAP Exam P_S4FIN_2021 Topic 2 Question 51 Discussion

Actual exam question for SAP's P_S4FIN_2021 exam

Question #: 51
Topic #: 2

[All P_S4FIN_2021 Questions]

You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles. How can you set this up in the system?

ADefine two valuation methods and assign the accounting principles to the new valuation methods

BDefine a valuation area and an accounting principle with relevant links to ledgers.

CDefine two valuation areas and two accounting principles with relevant links to ledgers.

DDefine a valuation area and ledger group for two ledgers to link with the new valuation area

Show Suggested Answer

Suggested Answer: C

by Glenna at Sep 07, 2024, 05:00 PM

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Yuonne

19 days ago

That's a good point, maybe B is the better option after all.

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Kristel

19 days ago

I'm voting for option C. Gotta keep those ledgers nice and tidy, you know? Hey, at least we're not talking about derivatives - those things are scarier than a currency exchange on a bad day!

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Bette

9 days ago

I agree, option C seems like the best way to keep everything organized.

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Rosita

22 days ago

I think B makes more sense, it's simpler and more straightforward.

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Princess

27 days ago

Option C is definitely the way to go. Just make sure you don't mix up your valuation areas - that would be a real currency crisis!

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Bok

27 days ago

But wouldn't defining two valuation areas and two accounting principles be too complex?

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Glendora

28 days ago

I'm not an accountant, but option C sounds like it would give you the most flexibility to manage the different GAAP requirements. Plus, who doesn't love a good 'ol valuation area?

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Levi

19 hours ago

B) Define a valuation area and an accounting principle with relevant links to ledgers.

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Nichelle

3 days ago

That's a good point, having two valuation areas does seem like it would offer more flexibility.

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Shaunna

14 days ago

C) Define two valuation areas and two accounting principles with relevant links to ledgers.

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Stephanie

16 days ago

A) Define two valuation methods and assign the accounting principles to the new valuation methods

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Jacki

1 months ago

Option A sounds a bit too simple. I'm leaning towards C as well - it seems to cover all the bases for handling the different valuation requirements.

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Coleen

3 days ago

Definitely, it's important to have separate setups for local and international GAAP to ensure accurate valuation.

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Fernanda

8 days ago

I agree, having two valuation areas and two accounting principles seems like the most comprehensive approach.

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Hyun

18 days ago

I think C is the best option here. It covers all the bases for handling different valuation requirements.

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Yuonne

1 months ago

I disagree, I believe it's C.

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Bok

1 months ago

I think the answer is A.

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Mari

1 months ago

I think option C is the way to go. Defining two valuation areas and two accounting principles with relevant links to ledgers seems like the most comprehensive approach.

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Reed

27 days ago

I think option B could also work, by defining a valuation area and an accounting principle with relevant links to ledgers.

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Colene

29 days ago

I agree, option C does seem like the most comprehensive approach.

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