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

2 months ago

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

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Kristel

2 months 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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Dana

1 months ago

Derivatives can definitely be tricky, but at least we have a handle on foreign currency valuation!

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Laine

1 months ago

Yeah, having separate valuation areas and accounting principles for each GAAP makes sense.

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Bette

2 months ago

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

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Rosita

2 months ago

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

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Princess

2 months 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

2 months ago

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

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Glendora

2 months 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

2 months ago

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

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Nichelle

2 months ago

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

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Shaunna

2 months ago

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

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Stephanie

2 months ago

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

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Jacki

3 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

2 months ago

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

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Fernanda

2 months ago

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

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Hyun

2 months ago

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

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Yuonne

3 months ago

I disagree, I believe it's C.

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Bok

3 months ago

I think the answer is A.

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Mari

3 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

2 months 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

2 months ago

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

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