SAP Exam C_TS4FI_2021 Topic 7 Question 22 Discussion

Actual exam question for SAP's C_TS4FI_2021 exam

Question #: 22
Topic #: 7

[All C_TS4FI_2021 Questions]

Which closing activities are performed for external reporting as per SAP best practices?

Note: There are 3 correct answers to this questions.

ARun plan assessment cycles for profit center

BPerform flat rate value adjustment for receivables

CPreform valuations of open items in foreign currency

DPerform a top-down distribution in margin analysis

ERegroup receivables and payables on the balance sheet

Show Suggested Answer

Suggested Answer: A, D, E

by Tracey at Jan 10, 2023, 02:47 PM

Limited Time Offer

25%

Off

Get Premium C_TS4FI_2021 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Leonora

1 days ago

Aha! I know this one. The correct answers are C, E, and the mysterious 'option F' - performing magic tricks to impress the auditors.

upvoted 0 times

...

Ty

10 days ago

B is definitely wrong. 'Flat rate value adjustment for receivables' sounds more like an internal accounting practice.

upvoted 0 times

...

Miss

16 days ago

Hmm, I'm not sure about D. 'Top-down distribution in margin analysis' doesn't sound like an external reporting activity to me.

upvoted 0 times

...

Refugia

16 days ago

I think performing flat rate value adjustment for receivables is also one of the correct closing activities for external reporting.

upvoted 0 times

...

Lera

17 days ago

I think A, C, and E are the correct answers. The question specifically mentions 'external reporting', so those activities seem most relevant.

upvoted 0 times

...

Josefa

20 days ago

I agree with Erick, but I also believe regrouping receivables and payables on the balance sheet is another correct answer.

upvoted 0 times

...

Erick

29 days ago

I think the closing activities for external reporting include valuations of open items in foreign currency.

upvoted 0 times

...