SAP Exam P_S4FIN_2021 Topic 6 Question 42 Discussion

Actual exam question for SAP's P_S4FIN_2021 exam

Question #: 42
Topic #: 6

[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 Elmira at May 10, 2024, 10:50 AM

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Youlanda

6 months ago

Defining separate valuation areas might be complicated. I went with B; a valuation area and accounting principle linked to ledgers seemed straightforward.

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Nichelle

6 months ago

Haha, this question is like a foreign currency accounting riddle! I'm going to have to go with C - the more moving parts, the better, right?

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Margo

6 months ago

Option A seems a bit too simple for this problem. I would go with C to really capture the complexity of having different valuation methods for local and international GAAP.

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Odette

6 months ago

Yeah, option C definitely covers all the bases for setting up different values for the two accounting principles.

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Lisbeth

6 months ago

I think option B could work too, as long as the relevant links to ledgers are set up correctly.

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Shanda

6 months ago

I agree, option C seems like the most comprehensive solution to handle the different valuation methods for local and international GAAP.

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Haydee

6 months ago

I agree, option C seems like the best choice to handle the different valuation methods for local and international GAAP.

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Annelle

6 months ago

I think option B could work too, as long as the relevant links to ledgers are set up correctly.

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Harley

6 months ago

I think option C is the best choice here. It allows for different valuation areas and accounting principles for each GAAP.

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Gertude

6 months ago

I agree, option C seems like the best choice to handle the different valuation methods for local and international GAAP.

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Ernie

7 months ago

I think option C is the way to go. Defining two valuation areas and two accounting principles seems like the most comprehensive solution to handle the different values.

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