ExamGecko
Question list
Search
Search

List of questions

Search

Question 20 - C_S4FCF_2023 discussion

Report
Export

What is one consideration for handling decimal places in the Central Finance system?

A.

For any currencies with differing numbers of decimal places, enter the number of decimal places as defined in the Central Finance system.

Answers
A.

For any currencies with differing numbers of decimal places, enter the number of decimal places as defined in the Central Finance system.

B.

Differences in decimal places for currencies in source Central Finance systems have no impact on documents posting in the Central Finance system.

Answers
B.

Differences in decimal places for currencies in source Central Finance systems have no impact on documents posting in the Central Finance system.

C.

All currencies are assumed to have the same number of decimal places in both the source system and the Central Finance system.

Answers
C.

All currencies are assumed to have the same number of decimal places in both the source system and the Central Finance system.

D.

If the currency in Central Finance has fewer decimal places than the sender system, rounding is required.

Answers
D.

If the currency in Central Finance has fewer decimal places than the sender system, rounding is required.

Suggested answer: A

Explanation:

Detailed Explanation: In Central Finance, it is critical to ensure that the number of decimal places for currencies is consistent. When there are differences in decimal places between systems, users must enter the decimal place settings as defined in the Central Finance system to avoid rounding errors during financial postings.

asked 19/11/2024
Wessel Beulink
39 questions
User
Your answer:
0 comments
Sorted by

Leave a comment first