Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

SAP Exam P_S4FIN_2023 Topic 8 Question 6 Discussion

Actual exam question for SAP's P_S4FIN_2023 exam
Question #: 6
Topic #: 8
[All P_S4FIN_2023 Questions]

You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Lai at Jun 30, 2024, 06:59 AM

Limited Time Offer

25%

Off

Get Premium P_S4FIN_2023 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Nickie
1 years ago
Ah, the age-old question of asset accounting. I say we just burn the whole thing down and start over. That'll fix it!
upvoted 0 times
...
Yun
1 years ago
Hold up, is this a trick question? I'm going with A. Revaluating the assets sounds like the way to go. Who needs fiscal year changes when you can just revalue everything?
upvoted 0 times
...
Long
1 years ago
I'm going with C. Calculating the depreciation for the current year should fix the issue, right? I mean, how hard can it be?
upvoted 0 times
Michael
12 months ago
I agree, let's go with option C and see if it resolves the error.
upvoted 0 times
...
Tammi
12 months ago
Yeah, that sounds like a logical solution.
upvoted 0 times
...
Tammara
12 months ago
I think C is the right option. Calculating depreciation should help.
upvoted 0 times
...
...
Dalene
1 years ago
D seems like the right choice to me. Posting all the depreciation for the previous year should resolve the asset accounting error.
upvoted 0 times
...
Jerry
1 years ago
I think the answer is B. Running the fiscal year change transaction is the best way to close the previous year and carry forward the balances.
upvoted 0 times
...
Han
1 years ago
This is a tricky one, but I'm leaning towards A. Revaluation and new valuation seem like the most targeted fix for the issue.
upvoted 0 times
...
Corinne
1 years ago
Nah, I disagree. The problem is in 2021, so the solution must be D. Post all the depreciation for that year.
upvoted 0 times
...
Lavonne
1 years ago
Haha, I bet the correct answer is C. 'Calculate Depreciation' for 2022 - that's gotta be it!
upvoted 0 times
Junita
11 months ago
Actually, I agree with the user comment, C) Run 'Calculate Depreciation' for fiscal year 2022 seems like the right choice.
upvoted 0 times
...
Chanel
12 months ago
I agree with Nana, A) Post revaluation and new valuation seems like the right action to resolve the error.
upvoted 0 times
...
Jannette
12 months ago
I'm pretty sure it's B) Run the fiscal year change to close fiscal year 2020.
upvoted 0 times
...
Nana
12 months ago
No, I believe it's D) Post all depreciation for the fiscal year 2021.
upvoted 0 times
...
Sarina
12 months ago
I think the correct answer is A) Post revaluation and new valuation for fiscal year 2021.
upvoted 0 times
...
Misty
12 months ago
I agree with Keith, A) Post revaluation and new valuation seems like the right action to resolve the error.
upvoted 0 times
...
Kris
12 months ago
No, I believe it's D) Post all depreciation for the fiscal year 2021.
upvoted 0 times
...
Keith
1 years ago
No, I believe it's D) Post all depreciation for the fiscal year 2021.
upvoted 0 times
...
Sunshine
1 years ago
I think the correct answer is A) Post revaluation and new valuation for fiscal year 2021.
upvoted 0 times
...
Mica
1 years ago
I think the correct answer is A) Post revaluation and new valuation for fiscal year 2021.
upvoted 0 times
...
...
Carry
1 years ago
I think D) Post all depreciation for the fiscal year 2021 is the best option to resolve the error.
upvoted 0 times
...
Sanjuana
1 years ago
Hmm, I'm not sure. Wouldn't running the fiscal year change to close 2020 make more sense? B seems like the right choice to me.
upvoted 0 times
Reita
1 years ago
I agree, B seems like the right choice to resolve the error.
upvoted 0 times
...
Cordie
1 years ago
I think running the fiscal year change to close 2020 is the best option. B is the way to go.
upvoted 0 times
...
...
Sherly
1 years ago
But wouldn't running 'Calculate Depreciation' for fiscal year 2022 also resolve the error?
upvoted 0 times
...
Ngoc
1 years ago
I think the answer is A. Posting the revaluation and new valuation for fiscal year 2021 should resolve the asset accounting error.
upvoted 0 times
Trevor
1 years ago
I think option D might be necessary to post all depreciation for the previous fiscal year.
upvoted 0 times
...
Casandra
1 years ago
I'm not sure, but option C could be worth trying as well.
upvoted 0 times
...
Golda
1 years ago
I think option B might also work to close the previous fiscal year.
upvoted 0 times
...
Gwenn
1 years ago
I agree, option A seems like the best solution.
upvoted 0 times
...
...
Margart
1 years ago
I disagree, I believe the correct action is B) Run the fiscal year change to close fiscal year 2020.
upvoted 0 times
...
Sherly
1 years ago
I think the answer is A) Post revaluation and new valuation for fiscal year 2021.
upvoted 0 times
...

Save Cancel