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Detailing Configuration of R2R Posting Processes
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Understanding and Configuring Extension Ledgers
Configuring Key Elements of the Record-to-Report Process
Maintaining the Chart of Accounts
36 min
Activating or Resetting Open Item G/L Accounts
13 min
Configuring the Account Determination
14 min
Creating Document Types
13 min
Managing Document Numbering
9 min
Creating Field Status Groups
15 min
Configuring Reversal Reasons
10 min
Setting Up Tax Codes
18 min
Quiz
Understanding and Configuring Extension Ledgers
Outlining Extension Ledgers
20 min
Placing Extension Ledgers in Business Scenarios
11 min
Defining and Using Extension Ledgers
22 min
Quiz
Configuring Key Elements of the Record-to-Report Process
Maintaining the Chart of Accounts
36 min
Activating or Resetting Open Item G/L Accounts
13 min
Configuring the Account Determination
14 min
Creating Document Types
13 min
Managing Document Numbering
9 min
Creating Field Status Groups
15 min
Configuring Reversal Reasons
10 min
Setting Up Tax Codes
18 min
Quiz
Understanding and Configuring Extension Ledgers
Outlining Extension Ledgers
20 min
Placing Extension Ledgers in Business Scenarios
11 min
Defining and Using Extension Ledgers
22 min
Quiz
Knowledge quiz
It's time to put what you've learned to the test, get 3 right to pass this unit.
1.
Which extension ledger type is used to perform simulation postings?
Choose the correct answer.
Standard Journal Entries
P - Line Items with Technical Numbers (No Deletions Possible)
S - Line Items with Technical Numbers (Deletions Possible)
G - Journal Entries for G/L Adjustment Postings.
2.
What are unique characteristics of extensions ledgers compared to standard ledgers?
There are two correct answers.
They store considerably less data.
They can be part of a ledger group.
They must reference the leading ledger.
They must reference an underlying ledger.
3.
In which of the following scenarios would you recommend using an extension ledger?
There are three correct answers.
Managing local GAAP accounting for a subsidiary in a new country.
Simulate the impact in accounting of a new regulation on provisions accounting.
Adjustments related to taxes, to calculate a tax-adjusted profit or loss.
Manage commitments from purchase orders to facilitate the budget availability control.