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

Limited Time Offer

25%

Off

Get Premium C_S4FTR_2021 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Shawnda

15 days ago

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

upvoted 0 times

...

Tamra

15 days 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.

upvoted 0 times

...

Micaela

15 days ago

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

upvoted 0 times

...

Yuette

15 days ago

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

upvoted 0 times

...

Kendra

16 days ago

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

upvoted 0 times

...

Coral

16 days 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?

upvoted 0 times

...

Ronnie

17 days ago

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

upvoted 0 times

...

Shawnda

18 days ago

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

upvoted 0 times

...

Micaela

18 days ago

I think Assets and Liabilities require rate type CLOSING.

upvoted 0 times

...

Hui

20 days ago

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

upvoted 0 times

...