SAP Exam C_S4FTR_2021 Topic 3 Question 58 Discussion

Actual exam question for SAP's C_S4FTR_2021 exam

Question #: 58
Topic #: 3

[All C_S4FTR_2021 Questions]

Which financial account types require rate type CLOSING when using currency conversion in a planning model?Note: There are 2 correct answers to this question.

AAssets (AST)

BExpense (EXP)

CLiabilities (LEQ)

DIncome (INC)

Show Suggested Answer

Suggested Answer: A, B

by Curt at Mar 05, 2025, 05:19 PM

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Shawnda

4 months ago

I think Micaela is right. Assets and Liabilities are the correct account types for rate type CLOSING.

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Tamra

4 months ago

Alright, time to put on my accountant hat. Assets and Liabilities, the yin and yang of the financial world. CLOSING rate, no doubt about it.

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Micaela

4 months ago

I see your point, Kendra. But I think it's more likely to be Assets and Liabilities.

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Yuette

4 months ago

This question is a piece of cake! Assets and Liabilities, duh. I could do this in my sleep. *yawns*

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Kendra

4 months ago

I'm not sure about that. I think Expense and Income might also require rate type CLOSING.

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Coral

4 months ago

Hmm, I'm a bit confused. Aren't all the accounts supposed to use the CLOSING rate? It's like, the universal truth of finance, right?

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Ronnie

4 months ago

I'm pretty sure Expense (EXP) and Income (INC) should also use the CLOSING rate. Gotta keep those books balanced, you know?

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Shawnda

4 months ago

I agree with you, Micaela. Assets and Liabilities make sense for rate type CLOSING.

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Micaela

4 months ago

I think Assets and Liabilities require rate type CLOSING.

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Hui

4 months ago

Assets (AST) and Liabilities (LEQ) definitely require the CLOSING rate type for currency conversion. That's a no-brainer!

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Kyoko

4 months ago

Assets and Liabilities are key accounts that need to be converted using the CLOSING rate type for accuracy.

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Janey

4 months ago

I agree, it's important to use the correct rate type for currency conversion in financial planning models.

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Eulah

4 months ago

Yes, you're right. Assets and Liabilities both require the CLOSING rate type for currency conversion.

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