Executing a Year-End Closing of Asset Accounting

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Knowledge quiz

It’s time to put what you’ve learned to the test, get 3 questions right to pass this unit.

There are three correct answers.

Once executed, the year-end closing does not allow any further postings for the closed fiscal year.

Any number of fiscal years can be open in Asset Accounting.

Changes to the master record do not affect the closed years.

You must first close a fiscal year in Asset Accounting before you can close it in General Ledger Accounting.

Closing can be performed only for each company code.

There are three correct answers.

No errors occurred on any fixed asset during depreciation calculation.

The planned depreciation has been posted completely to the general ledger.

All AuCs are complete and a full settlement has been performed.

All incomplete assets have been completed.

Year-end closing has been performed in the general ledger.

There are two correct answers.

Test run is optional.

The test run must be performed for the entire company code.

The test run displays an error log.

The test run shows the future journal entries.

Choose the correct answer.

The planning horizon

The Plan Version

The key figure group

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