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Question 60 - C_S4CFI_2408 discussion

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You need to produce additional financial statements according to Local GAAP requirements. Which dimension do you use in reporting?

A.

Profit center group

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A.

Profit center group

B.

Functional area

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B.

Functional area

C.

Journal entry type

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C.

Journal entry type

D.

Ledger group

Answers
D.

Ledger group

Suggested answer: D

Explanation:

To produce additional financial statements according to Local GAAP (Generally Accepted Accounting Principles) requirements in SAP S/4HANA Cloud Public Edition, you would use the 'Ledger Group' dimension in reporting. The ledger group allows for the maintenance of different ledgers that can represent various accounting principles, such as local GAAP, IFRS, or US GAAP. By using different ledger groups, you can segregate transactions and run reports that comply with different accounting standards, thereby facilitating the creation of financial statements according to specific regulatory requirements.

References:

SAP S/4HANA Cloud Financials documentation

SAP Help Portal on financial reporting and ledger management

asked 31/10/2024
JP Pelovello
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