You define a financial statement version in two steps: (Choose Two)
A. Enter in the directory of financial statement versions
B. Define hierarchy levels and assign accounts
C. None of the above
Answer(s): A, B
Which of the following statements about financial reporting are correct?
A. When displaying a financial statement, the system can automatically calculate the profit and
loss statement result.
B. You can obtain a summarized financial statement for any hierarchy level defined in the
financial statement version
C. A financial statement version cannot include more than one company code, unless you are
D. The system can translate a financial statement into any currency for reporting purposes.
E. A financial statement version displays either a balance sheet or a profit and lost statement,
Which of the following statements are correct? (Choose Three)
A. A house bank can be assigned to a business area within the payment program configuration
B. A House bank account can be defined in more than one currency
C. The payments program can use a different House bank for each different payment method
D. When creating a House bank, you do not need to specify the country.
E. House bank master data must be created in advance, before assigning the House bank to a
payment method in the payment program configuration
Answer(s): A, C, E
An account group (multi) (Choose Three)
A. Is defined for every company code.
B. Defines the number range for a mater record.
C. Uses a field status group to control the field layout for the maintenance of mater records
D. Determines one-time accounts for accounts payable and accounts receivable.
Answer(s): B, C, D